S&P 500 Industrials Sector: current P/E Ratio

25.20
Last update: 24 May 2024

The estimated P/E Ratio for S&P 500 Industrials Sector is 25.20, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [17.76 , 22.63]. For this reason, the current P/E can be considered Expensive

P/E Ratio is calculated on the XLI Etf, whose benchmark is the S&P 500 Industrials 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 Industrials Sector P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

24 May 2024 · P/E Ratio: 25.20
24 May 2024 · P/E Ratio: 25.20 · 1Y Average: 21.04 · 1 Std Dev range: [19.59 , 22.48] · 2 Std Dev range: [18.15 , 23.92]
24 May 2024 · P/E Ratio: 25.20 · 5Y Average: 20.19 · 1 Std Dev range: [17.76 , 22.63] · 2 Std Dev range: [15.32 , 25.07]
24 May 2024 · P/E Ratio: 25.20 · 10Y Average: 17.96 · 1 Std Dev range: [15.73 , 20.19] · 2 Std Dev range: [13.50 , 22.42]
24 May 2024 · P/E Ratio: 25.20 · 20Y Average: 16.23 · 1 Std Dev range: [14.42 , 18.04] · 2 Std Dev range: [12.61 , 19.85]
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".
24 May 2024 · P/E Ratio: 25.20 · 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
( 25.20 )
Deviation
vs μ
Valuation
Last 1Y 21.04 1.44 [18.15 · 19.59 , 22.48 · 23.92]
+2.89 σ
Expensive
Last 2Y 19.63 1.80 [16.02 · 17.83 , 21.44 · 23.24]
+3.09 σ
Expensive
Last 3Y 20.06 1.60 [16.86 · 18.46 , 21.66 · 23.26]
+3.21 σ
Expensive
Last 4Y 21.07 1.92 [17.22 · 19.14 , 22.99 · 24.91]
+2.15 σ
Expensive
Last 5Y 20.19 2.44 [15.32 · 17.76 , 22.63 · 25.07]
+2.06 σ
Expensive
Last 6Y 19.23 2.69 [13.85 · 16.54 , 21.92 · 24.61]
+2.22 σ
Expensive
Last 7Y 19.00 2.44 [14.12 · 16.56 , 21.44 · 23.88]
+2.54 σ
Expensive
Last 8Y 18.58 2.27 [14.04 · 16.31 , 20.85 · 23.13]
+2.91 σ
Expensive
Last 9Y 18.15 2.28 [13.60 · 15.88 , 20.43 · 22.71]
+3.09 σ
Expensive
Last 10Y 17.96 2.23 [13.50 · 15.73 , 20.19 · 22.42]
+3.25 σ
Expensive
Last 11Y 17.63 2.12 [13.39 · 15.51 , 19.74 · 21.86]
+3.58 σ
Expensive
Last 12Y 17.29 2.15 [13.00 · 15.15 , 19.44 · 21.59]
+3.68 σ
Expensive
Last 13Y 16.88 2.21 [12.45 · 14.67 , 19.10 · 21.31]
+3.76 σ
Expensive
Last 14Y 16.62 2.21 [12.20 · 14.41 , 18.83 · 21.04]
+3.88 σ
Expensive
Last 15Y 16.57 2.15 [12.28 · 14.42 , 18.71 · 20.86]
+4.03 σ
Expensive
Last 16Y 16.26 2.14 [11.98 · 14.12 , 18.41 · 20.55]
+4.17 σ
Expensive
Last 17Y 16.16 2.05 [12.07 · 14.12 , 18.21 · 20.26]
+4.42 σ
Expensive
Last 18Y 16.06 1.90 [12.26 · 14.16 , 17.96 · 19.85]
+4.82 σ
Expensive
Last 19Y 16.05 1.79 [12.47 · 14.26 , 17.85 · 19.64]
+5.10 σ
Expensive
Last 20Y 16.23 1.81 [12.61 · 14.42 , 18.04 · 19.85]
+4.96 σ
Expensive

S&P 500 Industrials Sector Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +10.42% 24 May
Short Term Price vs SMA50 +0.50% 24 May
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.