24.96
Last update: 03 May 2024
The estimated P/E Ratio for United States Stock Market is 24.96, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [18.31 , 22.12]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the VTI Etf, whose benchmark is the United States Stock Market.
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 United States Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
03 May 2024 · P/E Ratio: 24.96
03 May 2024 · P/E Ratio: 24.96 ·
1Y Average: 21.45 ·
1 Std Dev range: [20.37 , 22.52] ·
2 Std Dev range: [19.29 , 23.60]
03 May 2024 · P/E Ratio: 24.96 ·
5Y Average: 20.22 ·
1 Std Dev range: [18.31 , 22.12] ·
2 Std Dev range: [16.40 , 24.03]
03 May 2024 · P/E Ratio: 24.96 ·
10Y Average: 18.26 ·
1 Std Dev range: [16.35 , 20.18] ·
2 Std Dev range: [14.44 , 22.09]
03 May 2024 · P/E Ratio: 24.96 ·
20Y Average: 15.95 ·
1 Std Dev range: [13.93 , 17.97] ·
2 Std Dev range: [11.91 , 19.99]
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".
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".
03 May 2024 · P/E Ratio: 24.96 · Last Periods metrics
Show all periods
Swipe left to see all data
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 ( 24.96 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 21.45 | 1.08 | [19.29 · 20.37 , 22.53 · 23.60] |
|
+3.26 σ |
Expensive
|
| Last 2Y | 19.53 | 1.80 | [15.94 · 17.73 , 21.32 · 23.12] |
|
+3.03 σ |
Expensive
|
| Last 3Y | 20.17 | 1.60 | [16.98 · 18.58 , 21.77 · 23.37] |
|
+3.00 σ |
Expensive
|
| Last 4Y | 20.86 | 1.57 | [17.73 · 19.29 , 22.43 · 23.99] |
|
+2.62 σ |
Expensive
|
| Last 5Y | 20.22 | 1.91 | [16.40 · 18.31 , 22.12 · 24.03] |
|
+2.49 σ |
Expensive
|
| Last 6Y | 19.42 | 2.18 | [15.07 · 17.25 , 21.60 · 23.78] |
|
+2.54 σ |
Expensive
|
| Last 7Y | 19.12 | 2.05 | [15.03 · 17.08 , 21.17 · 23.22] |
|
+2.85 σ |
Expensive
|
| Last 8Y | 18.78 | 1.93 | [14.91 · 16.84 , 20.71 · 22.65] |
|
+3.20 σ |
Expensive
|
| Last 9Y | 18.48 | 1.90 | [14.69 · 16.59 , 20.38 · 22.28] |
|
+3.42 σ |
Expensive
|
| Last 10Y | 18.26 | 1.91 | [14.44 · 16.35 , 20.18 · 22.09] |
|
+3.50 σ |
Expensive
|
| Last 11Y | 17.91 | 1.92 | [14.08 · 15.99 , 19.83 · 21.74] |
|
+3.68 σ |
Expensive
|
| Last 12Y | 17.58 | 2.00 | [13.57 · 15.58 , 19.58 · 21.59] |
|
+3.68 σ |
Expensive
|
| Last 13Y | 17.12 | 2.21 | [12.71 · 14.91 , 19.33 · 21.54] |
|
+3.55 σ |
Expensive
|
| Last 14Y | 16.73 | 2.40 | [11.93 · 14.33 , 19.13 · 21.53] |
|
+3.43 σ |
Expensive
|
| Last 15Y | 16.57 | 2.38 | [11.81 · 14.19 , 18.95 · 21.33] |
|
+3.53 σ |
Expensive
|
| Last 16Y | 16.22 | 2.44 | [11.35 · 13.79 , 18.66 · 21.10] |
|
+3.58 σ |
Expensive
|
| Last 17Y | 16.09 | 2.35 | [11.39 · 13.74 , 18.44 · 20.79] |
|
+3.77 σ |
Expensive
|
| Last 18Y | 15.96 | 2.22 | [11.53 · 13.74 , 18.18 · 20.39] |
|
+4.06 σ |
Expensive
|
| Last 19Y | 15.90 | 2.11 | [11.69 · 13.79 , 18.01 · 20.11] |
|
+4.30 σ |
Expensive
|
| Last 20Y | 15.95 | 2.02 | [11.91 · 13.93 , 17.97 · 19.99] |
|
+4.46 σ |
Expensive
|
P/E Comparison
How is the United States Stock Market P/E Ratio, compared to other global ratios?
Swipe left to see all data
| Deviation vs μ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
|
United States | 24.96 |
|
+3.26 σ | +2.49 σ | +3.50 σ | +4.46 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
United States Stock Market Trend
Trend is evaluated considering the price of the VTI Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +8.80% | 03 May | |
| Short Term | Price vs SMA50 | -0.13% | 03 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.