The estimated P/E Ratio for S&P 500 Materials Sector is 24.41, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [15.93 , 19.81]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the XLB Etf, whose benchmark is the S&P 500 Materials 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 Materials 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 ( 24.41 ) |
Deviation vs μ |
Valuation |
Last 1Y | 20.72 | 2.23 | [16.26 · 18.49 , 22.95 · 25.18] |
|
+1.66 σ |
Overvalued
|
Last 2Y | 17.60 | 2.70 | [12.19 · 14.90 , 20.30 · 23.01] |
|
+2.52 σ |
Expensive
|
Last 3Y | 16.54 | 1.83 | [12.87 · 14.70 , 18.37 · 20.21] |
|
+4.29 σ |
Expensive
|
Last 4Y | 17.60 | 2.19 | [13.22 · 15.41 , 19.79 · 21.98] |
|
+3.11 σ |
Expensive
|
Last 5Y | 17.87 | 1.94 | [13.98 · 15.93 , 19.81 · 21.76] |
|
+3.37 σ |
Expensive
|
Last 6Y | 17.20 | 1.99 | [13.22 · 15.21 , 19.19 · 21.17] |
|
+3.63 σ |
Expensive
|
Last 7Y | 17.22 | 1.79 | [13.64 · 15.43 , 19.01 · 20.80] |
|
+4.02 σ |
Expensive
|
Last 8Y | 17.15 | 1.54 | [14.07 · 15.61 , 18.68 · 20.22] |
|
+4.73 σ |
Expensive
|
Last 9Y | 16.90 | 1.55 | [13.79 · 15.34 , 18.45 · 20.00] |
|
+4.84 σ |
Expensive
|
Last 10Y | 16.89 | 1.44 | [14.00 · 15.44 , 18.33 · 19.77] |
|
+5.21 σ |
Expensive
|
Last 11Y | 16.70 | 1.34 | [14.02 · 15.36 , 18.03 · 19.37] |
|
+5.77 σ |
Expensive
|
Last 12Y | 16.37 | 1.52 | [13.33 · 14.85 , 17.89 · 19.42] |
|
+5.28 σ |
Expensive
|
Last 13Y | 16.01 | 1.70 | [12.61 · 14.31 , 17.71 · 19.41] |
|
+4.95 σ |
Expensive
|
Last 14Y | 15.77 | 1.76 | [12.26 · 14.02 , 17.53 · 19.28] |
|
+4.92 σ |
Expensive
|
Last 15Y | 15.91 | 1.79 | [12.33 · 14.12 , 17.70 · 19.49] |
|
+4.75 σ |
Expensive
|
Last 16Y | 15.80 | 1.88 | [12.05 · 13.93 , 17.68 · 19.56] |
|
+4.58 σ |
Expensive
|
Last 17Y | 15.70 | 1.81 | [12.07 · 13.89 , 17.51 · 19.33] |
|
+4.80 σ |
Expensive
|
Last 18Y | 15.54 | 1.78 | [11.97 · 13.76 , 17.32 · 19.11] |
|
+4.97 σ |
Expensive
|
Last 19Y | 15.43 | 1.75 | [11.93 · 13.68 , 17.18 · 18.93] |
|
+5.14 σ |
Expensive
|
Last 20Y | 15.41 | 1.69 | [12.03 · 13.72 , 17.10 · 18.80] |
|
+5.32 σ |
Expensive
|
S&P 500 Materials Sector Trend
Trend is evaluated considering the price of the XLB Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +6.12% | 26 Jul | |
Short Term | Price vs SMA50 | +1.50% | 26 Jul |