S&P 500 Real Estate Sector: current P/E Ratio

32.21
Last update: 24 May 2024

The estimated P/E Ratio for S&P 500 Real Estate Sector is 32.21, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [34.24 , 46.31]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the XLRE Etf, whose benchmark is the S&P 500 Real Estate 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 Real Estate 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: 32.21
24 May 2024 · P/E Ratio: 32.21 · 1Y Average: 31.10 · 1 Std Dev range: [29.20 , 33.01] · 2 Std Dev range: [27.30 , 34.91]
24 May 2024 · P/E Ratio: 32.21 · 5Y Average: 40.27 · 1 Std Dev range: [34.24 , 46.31] · 2 Std Dev range: [28.20 , 52.35]
24 May 2024 · P/E Ratio: 32.21 · 10Y Average: 37.97 · 1 Std Dev range: [34.26 , 41.69] · 2 Std Dev range: [30.54 , 45.40]
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: 32.21 · 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
( 32.21 )
Deviation
vs μ
Valuation
Last 1Y 31.10 1.90 [27.30 · 29.20 , 33.01 · 34.91]
+0.58 σ
Fair
Last 2Y 32.30 2.58 [27.14 · 29.72 , 34.89 · 37.47]
-0.03 σ
Fair
Last 3Y 35.98 5.55 [24.89 · 30.44 , 41.53 · 47.08]
-0.68 σ
Fair
Last 4Y 39.50 6.88 [25.74 · 32.62 , 46.37 · 53.25]
-1.06 σ
Undervalued
Last 5Y 40.27 6.04 [28.20 · 34.24 , 46.31 · 52.35]
-1.33 σ
Undervalued
Last 6Y 39.67 5.25 [29.17 · 34.42 , 44.92 · 50.17]
-1.42 σ
Undervalued
Last 7Y 39.20 4.70 [29.79 · 34.49 , 43.90 · 48.60]
-1.48 σ
Undervalued
Last 8Y 38.66 4.15 [30.35 · 34.51 , 42.82 · 46.97]
-1.55 σ
Undervalued
Last 9Y 38.13 3.92 [30.30 · 34.22 , 42.05 · 45.97]
-1.51 σ
Undervalued
Last 10Y 37.97 3.72 [30.54 · 34.26 , 41.69 · 45.40]
-1.55 σ
Undervalued
Last 11Y 37.59 3.34 [30.92 · 34.26 , 40.93 · 44.27]
-1.61 σ
Undervalued
Last 12Y 37.46 3.06 [31.34 · 34.40 , 40.53 · 43.59]
-1.72 σ
Undervalued
Last 13Y 37.31 2.75 [31.80 · 34.55 , 40.06 · 42.82]
-1.85 σ
Undervalued
Last 14Y 37.71 2.98 [31.75 · 34.73 , 40.69 · 43.67]
-1.84 σ
Undervalued
Last 15Y 38.46 3.71 [31.04 · 34.75 , 42.16 · 45.87]
-1.68 σ
Undervalued
Last 16Y 37.91 3.71 [30.49 · 34.20 , 41.62 · 45.33]
-1.53 σ
Undervalued
Last 17Y 37.43 3.87 [29.70 · 33.56 , 41.30 · 45.17]
-1.35 σ
Undervalued
Last 18Y 37.31 3.68 [29.96 · 33.64 , 40.99 · 44.67]
-1.39 σ
Undervalued

S&P 500 Real Estate Sector Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +0.49% 24 May
Short Term Price vs SMA50 -0.99% 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.