S&P 500 Health Care Sector: current P/E Ratio

33.60
Last update: 03 October 2024

The estimated P/E Ratio for S&P 500 Health Care Sector is 33.60, calculated on 03 October 2024.

Considering the last 5 years, an average P/E interval is [17.38 , 24.12]. For this reason, the current P/E can be considered Expensive

P/E Ratio is calculated on the XLV Etf, whose benchmark is the S&P 500 Health Care Sector.

Historical P/E Ratio

When evaluating the P/E Ratio, it's important to not only look at its absolute value but also compare it to the average of previous periods. This allows for a more comprehensive understanding of the index/market valuation.

The following chart shows how the S&P 500 Health Care Sector P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

03 October 2024 · P/E Ratio: 33.60
03 October 2024 · P/E Ratio: 33.60 · 1Y Average: 30.56 · 1 Std Dev range: [27.69 , 33.43] · 2 Std Dev range: [24.83 , 36.29]
03 October 2024 · P/E Ratio: 33.60 · 5Y Average: 20.75 · 1 Std Dev range: [17.38 , 24.12] · 2 Std Dev range: [14.01 , 27.49]
03 October 2024 · P/E Ratio: 33.60 · 10Y Average: 19.66 · 1 Std Dev range: [18.22 , 21.10] · 2 Std Dev range: [16.78 , 22.54]
03 October 2024 · P/E Ratio: 33.60 · 20Y Average: 17.32 · 1 Std Dev range: [14.99 , 19.65] · 2 Std Dev range: [12.67 , 21.98]
Methodology
The Average P/E (μ) and the Standard Deviation (σ) are calculated excluding 20% outliers (i.e. over a range of values excluding 10% of observations from the top and 10% from the bottom of the dataset).
A P/E between (μ - σ) and (μ + σ) is considered "Fair", over a specific timeframe.
A P/E greater than (μ + σ) is defined "Overvalued", greater than (μ + 2σ) is defined "Expensive".
A P/E less than (μ - σ) is defined "Undervalued", less than (μ - 2σ) is defined "Cheap".
03 October 2024 · P/E Ratio: 33.60 · Last Periods metrics
Show all periods
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Range
Analysis
Period Average P/E
(μ)		 Std Dev
(σ)		 Std Dev Range
[ μ-2σ · μ-σ , μ+σ · μ+2σ ]		 vs Current P/E
( 33.60 )		 Deviation
vs μ		 Valuation
Last 1Y 30.56 2.87 [24.83 · 27.69 , 33.43 · 36.29]
+1.06 σ
Overvalued
Last 2Y 25.73 4.46 [16.81 · 21.27 , 30.19 · 34.65]
+1.77 σ
Overvalued
Last 3Y 22.72 4.04 [14.65 · 18.68 , 26.75 · 30.79]
+2.70 σ
Expensive
Last 4Y 21.16 3.66 [13.84 · 17.50 , 24.81 · 28.47]
+3.40 σ
Expensive
Last 5Y 20.75 3.37 [14.01 · 17.38 , 24.12 · 27.49]
+3.81 σ
Expensive
Last 6Y 20.07 2.47 [15.12 · 17.59 , 22.54 · 25.01]
+5.47 σ
Expensive
Last 7Y 19.82 2.08 [15.67 · 17.74 , 21.90 · 23.97]
+6.64 σ
Expensive
Last 8Y 19.51 1.61 [16.29 · 17.90 , 21.11 · 22.72]
+8.78 σ
Expensive
Last 9Y 19.41 1.39 [16.63 · 18.02 , 20.81 · 22.20]
+10.18 σ
Expensive
Last 10Y 19.66 1.44 [16.78 · 18.22 , 21.10 · 22.54]
+9.68 σ
Expensive
Last 11Y 19.45 1.24 [16.97 · 18.21 , 20.69 · 21.93]
+11.41 σ
Expensive
Last 12Y 19.23 1.23 [16.78 · 18.01 , 20.46 · 21.69]
+11.71 σ
Expensive
Last 13Y 18.93 1.32 [16.30 · 17.61 , 20.25 · 21.56]
+11.14 σ
Expensive
Last 14Y 18.50 1.83 [14.85 · 16.67 , 20.33 · 22.16]
+8.26 σ
Expensive
Last 15Y 18.11 2.29 [13.53 · 15.82 , 20.39 · 22.68]
+6.78 σ
Expensive
Last 16Y 17.61 2.69 [12.23 · 14.92 , 20.30 · 22.99]
+5.94 σ
Expensive
Last 17Y 17.37 2.72 [11.94 · 14.66 , 20.09 · 22.80]
+5.98 σ
Expensive
Last 18Y 17.29 2.58 [12.13 · 14.71 , 19.87 · 22.45]
+6.33 σ
Expensive
Last 19Y 17.27 2.46 [12.35 · 14.81 , 19.73 · 22.18]
+6.65 σ
Expensive
Last 20Y 17.32 2.33 [12.67 · 14.99 , 19.65 · 21.98]
+6.99 σ
Expensive

S&P 500 Health Care Sector Trend

Trend is evaluated considering the price of the XLV Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +3.92% 03 Oct
Short Term Price vs SMA50 -1.10% 03 Oct
The 200-day moving average is a long-term indicator that takes into account the average price of a stock over the past 200 trading days. It is considered a significant level of support or resistance, meaning that when the stock price is above the 200-day moving average (i.e. margin vs moving average is positive), it is generally viewed as bullish, while when it is below, it is viewed as bearish.

The 50-day moving average, on the other hand, is a shorter-term indicator that measures the average price of a stock over the past 50 trading days. It is also viewed as a significant level of support or resistance and can be used to identify shorter-term trends.