United States Stock Market: current P/E Ratio

27.58
Last update: 21 November 2024

The estimated P/E Ratio for United States Stock Market is 27.58, calculated on 21 November 2024.

Considering the last 5 years, an average P/E interval is [19.21 , 22.78]. 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.

21 November 2024 · P/E Ratio: 27.58
21 November 2024 · P/E Ratio: 27.58 · 1Y Average: 23.86 · 1 Std Dev range: [22.55 , 25.16] · 2 Std Dev range: [21.25 , 26.46]
21 November 2024 · P/E Ratio: 27.58 · 5Y Average: 20.99 · 1 Std Dev range: [19.21 , 22.78] · 2 Std Dev range: [17.42 , 24.57]
21 November 2024 · P/E Ratio: 27.58 · 10Y Average: 18.68 · 1 Std Dev range: [16.59 , 20.77] · 2 Std Dev range: [14.51 , 22.85]
21 November 2024 · P/E Ratio: 27.58 · 20Y Average: 16.12 · 1 Std Dev range: [13.87 , 18.37] · 2 Std Dev range: [11.62 , 20.63]
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".
21 November 2024 · P/E Ratio: 27.58 · 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
( 27.58 )		 Deviation
vs μ		 Valuation
Last 1Y 23.86 1.30 [21.25 · 22.55 , 25.16 · 26.46]
+2.86 σ
Expensive
Last 2Y 21.53 2.21 [17.10 · 19.31 , 23.74 · 25.95]
+2.74 σ
Expensive
Last 3Y 20.54 2.04 [16.45 · 18.50 , 22.58 · 24.63]
+3.44 σ
Expensive
Last 4Y 21.02 1.73 [17.57 · 19.29 , 22.75 · 24.48]
+3.80 σ
Expensive
Last 5Y 20.99 1.79 [17.42 · 19.21 , 22.78 · 24.57]
+3.69 σ
Expensive
Last 6Y 20.11 2.19 [15.72 · 17.92 , 22.30 · 24.50]
+3.40 σ
Expensive
Last 7Y 19.59 2.27 [15.06 · 17.33 , 21.86 · 24.12]
+3.53 σ
Expensive
Last 8Y 19.22 2.14 [14.94 · 17.08 , 21.36 · 23.50]
+3.91 σ
Expensive
Last 9Y 18.89 2.11 [14.68 · 16.78 , 20.99 · 23.10]
+4.13 σ
Expensive
Last 10Y 18.68 2.09 [14.51 · 16.59 , 20.77 · 22.85]
+4.26 σ
Expensive
Last 11Y 18.31 2.08 [14.14 · 16.23 , 20.39 · 22.47]
+4.45 σ
Expensive
Last 12Y 17.99 2.13 [13.73 · 15.86 , 20.11 · 22.24]
+4.51 σ
Expensive
Last 13Y 17.57 2.24 [13.09 · 15.33 , 19.82 · 22.06]
+4.46 σ
Expensive
Last 14Y 17.15 2.47 [12.22 · 14.69 , 19.62 · 22.09]
+4.23 σ
Expensive
Last 15Y 16.90 2.57 [11.77 · 14.33 , 19.47 · 22.03]
+4.16 σ
Expensive
Last 16Y 16.58 2.58 [11.43 · 14.00 , 19.16 · 21.74]
+4.27 σ
Expensive
Last 17Y 16.35 2.58 [11.19 · 13.77 , 18.93 · 21.51]
+4.36 σ
Expensive
Last 18Y 16.21 2.44 [11.34 · 13.78 , 18.65 · 21.09]
+4.67 σ
Expensive
Last 19Y 16.11 2.34 [11.43 · 13.77 , 18.45 · 20.79]
+4.90 σ
Expensive
Last 20Y 16.12 2.25 [11.62 · 13.87 , 18.37 · 20.63]
+5.09 σ
Expensive

P/E Comparison

How is the United States Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
United States 27.58
+2.86 σ +3.69 σ +4.26 σ +5.09 σ
All World 21.29
+1.69 σ +2.54 σ +3.66 σ +4.44 σ

United States Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +9.89% 21 Nov
Short Term Price vs SMA50 +2.88% 21 Nov
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.