The estimated P/E Ratio for United States Stock Market is 27.49, calculated on 06 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.
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 ( 27.49 ) |
Deviation vs μ |
Valuation |
Last 1Y | 23.86 | 1.30 | [21.25 · 22.55 , 25.16 · 26.46] |
|
+2.79 σ |
Expensive
|
Last 2Y | 21.53 | 2.21 | [17.10 · 19.31 , 23.74 · 25.95] |
|
+2.69 σ |
Expensive
|
Last 3Y | 20.54 | 2.04 | [16.45 · 18.50 , 22.58 · 24.63] |
|
+3.40 σ |
Expensive
|
Last 4Y | 21.02 | 1.73 | [17.57 · 19.29 , 22.75 · 24.48] |
|
+3.74 σ |
Expensive
|
Last 5Y | 20.99 | 1.79 | [17.42 · 19.21 , 22.78 · 24.57] |
|
+3.63 σ |
Expensive
|
Last 6Y | 20.11 | 2.19 | [15.72 · 17.92 , 22.30 · 24.50] |
|
+3.36 σ |
Expensive
|
Last 7Y | 19.59 | 2.27 | [15.06 · 17.33 , 21.86 · 24.12] |
|
+3.48 σ |
Expensive
|
Last 8Y | 19.22 | 2.14 | [14.94 · 17.08 , 21.36 · 23.50] |
|
+3.86 σ |
Expensive
|
Last 9Y | 18.89 | 2.11 | [14.68 · 16.78 , 20.99 · 23.10] |
|
+4.09 σ |
Expensive
|
Last 10Y | 18.68 | 2.09 | [14.51 · 16.59 , 20.77 · 22.85] |
|
+4.22 σ |
Expensive
|
Last 11Y | 18.31 | 2.08 | [14.14 · 16.23 , 20.39 · 22.47] |
|
+4.41 σ |
Expensive
|
Last 12Y | 17.99 | 2.13 | [13.73 · 15.86 , 20.11 · 22.24] |
|
+4.46 σ |
Expensive
|
Last 13Y | 17.57 | 2.24 | [13.09 · 15.33 , 19.82 · 22.06] |
|
+4.42 σ |
Expensive
|
Last 14Y | 17.15 | 2.47 | [12.22 · 14.69 , 19.62 · 22.09] |
|
+4.19 σ |
Expensive
|
Last 15Y | 16.90 | 2.57 | [11.77 · 14.33 , 19.47 · 22.03] |
|
+4.13 σ |
Expensive
|
Last 16Y | 16.58 | 2.58 | [11.43 · 14.00 , 19.16 · 21.74] |
|
+4.23 σ |
Expensive
|
Last 17Y | 16.35 | 2.58 | [11.19 · 13.77 , 18.93 · 21.51] |
|
+4.32 σ |
Expensive
|
Last 18Y | 16.21 | 2.44 | [11.34 · 13.78 , 18.65 · 21.09] |
|
+4.63 σ |
Expensive
|
Last 19Y | 16.11 | 2.34 | [11.43 · 13.77 , 18.45 · 20.79] |
|
+4.86 σ |
Expensive
|
Last 20Y | 16.12 | 2.25 | [11.62 · 13.87 , 18.37 · 20.63] |
|
+5.05 σ |
Expensive
|
P/E Comparison
How is the United States Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
United States | 27.49 |
|
+2.79 σ | +3.63 σ | +4.22 σ | +5.05 σ | |
All World | 21.42 |
|
+1.81 σ | +2.63 σ | +3.75 σ | +4.52 σ |
United States Stock Market Trend
Trend is evaluated considering the price of the VTI Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +10.67% | 06 Nov | |
Short Term | Price vs SMA50 | +4.26% | 06 Nov |