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

24.91
Last update: 26 July 2024

The estimated P/E Ratio for S&P 500 Industrials Sector is 24.91, calculated on 26 July 2024.

Considering the last 5 years, an average P/E interval is [18.16 , 22.91]. For this reason, the current P/E can be considered Overvalued

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.

26 July 2024 · P/E Ratio: 24.91
26 July 2024 · P/E Ratio: 24.91 · 1Y Average: 22.14 · 1 Std Dev range: [20.16 , 24.12] · 2 Std Dev range: [18.18 , 26.10]
26 July 2024 · P/E Ratio: 24.91 · 5Y Average: 20.54 · 1 Std Dev range: [18.16 , 22.91] · 2 Std Dev range: [15.79 , 25.29]
26 July 2024 · P/E Ratio: 24.91 · 10Y Average: 18.11 · 1 Std Dev range: [15.76 , 20.47] · 2 Std Dev range: [13.40 , 22.82]
26 July 2024 · P/E Ratio: 24.91 · 20Y Average: 16.26 · 1 Std Dev range: [14.39 , 18.13] · 2 Std Dev range: [12.51 , 20.01]
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".
26 July 2024 · P/E Ratio: 24.91 · 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
( 24.91 )		 Deviation
vs μ		 Valuation
Last 1Y 22.14 1.98 [18.18 · 20.16 , 24.12 · 26.10]
+1.40 σ
Overvalued
Last 2Y 20.38 2.10 [16.19 · 18.29 , 22.48 · 24.58]
+2.16 σ
Expensive
Last 3Y 20.06 1.60 [16.86 · 18.46 , 21.66 · 23.26]
+3.03 σ
Expensive
Last 4Y 21.13 2.00 [17.13 · 19.13 , 23.14 · 25.14]
+1.89 σ
Overvalued
Last 5Y 20.54 2.37 [15.79 · 18.16 , 22.91 · 25.29]
+1.84 σ
Overvalued
Last 6Y 19.50 2.76 [13.98 · 16.74 , 22.25 · 25.01]
+1.96 σ
Overvalued
Last 7Y 19.18 2.56 [14.06 · 16.62 , 21.74 · 24.30]
+2.24 σ
Expensive
Last 8Y 18.79 2.37 [14.04 · 16.42 , 21.16 · 23.54]
+2.58 σ
Expensive
Last 9Y 18.33 2.40 [13.54 · 15.94 , 20.73 · 23.12]
+2.75 σ
Expensive
Last 10Y 18.11 2.35 [13.40 · 15.76 , 20.47 · 22.82]
+2.89 σ
Expensive
Last 11Y 17.78 2.22 [13.35 · 15.57 , 20.00 · 22.21]
+3.22 σ
Expensive
Last 12Y 17.44 2.23 [12.97 · 15.21 , 19.68 · 21.91]
+3.34 σ
Expensive
Last 13Y 17.02 2.29 [12.45 · 14.73 , 19.31 · 21.60]
+3.45 σ
Expensive
Last 14Y 16.74 2.29 [12.15 · 14.45 , 19.04 · 21.33]
+3.56 σ
Expensive
Last 15Y 16.69 2.22 [12.25 · 14.47 , 18.90 · 21.12]
+3.71 σ
Expensive
Last 16Y 16.36 2.24 [11.89 · 14.13 , 18.60 · 20.83]
+3.82 σ
Expensive
Last 17Y 16.24 2.14 [11.95 · 14.10 , 18.39 · 20.53]
+4.04 σ
Expensive
Last 18Y 16.13 1.99 [12.14 · 14.13 , 18.12 · 20.12]
+4.41 σ
Expensive
Last 19Y 16.10 1.88 [12.34 · 14.22 , 17.98 · 19.86]
+4.69 σ
Expensive
Last 20Y 16.26 1.87 [12.51 · 14.39 , 18.13 · 20.01]
+4.62 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 +8.39% 26 Jul
Short Term Price vs SMA50 +2.39% 26 Jul
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.