The estimated P/E Ratio for S&P 500 Health Care Sector is 34.70, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [17.67 , 22.47]. 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.
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".
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 ( 34.70 ) |
Deviation vs μ |
Valuation |
Last 1Y | 27.72 | 2.77 | [22.18 · 24.95 , 30.49 · 33.26] |
|
+2.52 σ |
Expensive
|
Last 2Y | 23.48 | 3.89 | [15.69 · 19.59 , 27.37 · 31.26] |
|
+2.88 σ |
Expensive
|
Last 3Y | 21.42 | 2.88 | [15.67 · 18.55 , 24.30 · 27.17] |
|
+4.62 σ |
Expensive
|
Last 4Y | 20.25 | 2.65 | [14.95 · 17.60 , 22.90 · 25.54] |
|
+5.46 σ |
Expensive
|
Last 5Y | 20.07 | 2.40 | [15.26 · 17.67 , 22.47 · 24.87] |
|
+6.09 σ |
Expensive
|
Last 6Y | 19.65 | 1.81 | [16.03 · 17.84 , 21.45 · 23.26] |
|
+8.33 σ |
Expensive
|
Last 7Y | 19.52 | 1.53 | [16.46 · 17.99 , 21.06 · 22.59] |
|
+9.91 σ |
Expensive
|
Last 8Y | 19.30 | 1.20 | [16.91 · 18.11 , 20.50 · 21.69] |
|
+12.88 σ |
Expensive
|
Last 9Y | 19.29 | 1.07 | [17.16 · 18.22 , 20.36 · 21.42] |
|
+14.45 σ |
Expensive
|
Last 10Y | 19.50 | 1.15 | [17.19 · 18.35 , 20.65 · 21.81] |
|
+13.17 σ |
Expensive
|
Last 11Y | 19.29 | 1.05 | [17.19 · 18.24 , 20.34 · 21.39] |
|
+14.67 σ |
Expensive
|
Last 12Y | 19.08 | 1.12 | [16.85 · 17.97 , 20.20 · 21.32] |
|
+13.98 σ |
Expensive
|
Last 13Y | 18.75 | 1.38 | [15.99 · 17.37 , 20.14 · 21.52] |
|
+11.53 σ |
Expensive
|
Last 14Y | 18.31 | 1.93 | [14.44 · 16.38 , 20.24 · 22.17] |
|
+8.49 σ |
Expensive
|
Last 15Y | 17.90 | 2.37 | [13.16 · 15.53 , 20.28 · 22.65] |
|
+7.08 σ |
Expensive
|
Last 16Y | 17.43 | 2.71 | [12.00 · 14.72 , 20.15 · 22.86] |
|
+6.36 σ |
Expensive
|
Last 17Y | 17.27 | 2.66 | [11.95 · 14.61 , 19.93 · 22.58] |
|
+6.56 σ |
Expensive
|
Last 18Y | 17.20 | 2.52 | [12.16 · 14.68 , 19.72 · 22.24] |
|
+6.94 σ |
Expensive
|
Last 19Y | 17.21 | 2.40 | [12.40 · 14.81 , 19.61 · 22.02] |
|
+7.28 σ |
Expensive
|
Last 20Y | 17.27 | 2.28 | [12.71 · 14.99 , 19.54 · 21.82] |
|
+7.66 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).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +7.08% | 26 Jul | |
Short Term | Price vs SMA50 | +2.58% | 26 Jul |