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.
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 ( 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).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +3.92% | 03 Oct | |
Short Term | Price vs SMA50 | -1.10% | 03 Oct |