S&P 500 Index: current P/E Ratio

26.11
Last update: 18 July 2024

The estimated P/E Ratio for S&P 500 Index is 26.11, calculated on 18 July 2024.

Considering the last 5 years, an average P/E interval is [18.10 , 22.20]. For this reason, the current P/E can be considered Expensive

P/E Ratio is calculated on the SPY Etf, whose benchmark is the S&P 500 Index.

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 Index P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

18 July 2024 · P/E Ratio: 26.11
18 July 2024 · P/E Ratio: 26.11 · 1Y Average: 23.58 · 1 Std Dev range: [22.14 , 25.02] · 2 Std Dev range: [20.70 , 26.45]
18 July 2024 · P/E Ratio: 26.11 · 5Y Average: 20.15 · 1 Std Dev range: [18.10 , 22.20] · 2 Std Dev range: [16.05 , 24.25]
18 July 2024 · P/E Ratio: 26.11 · 10Y Average: 18.03 · 1 Std Dev range: [16.02 , 20.05] · 2 Std Dev range: [14.00 , 22.06]
18 July 2024 · P/E Ratio: 26.11 · 20Y Average: 15.69 · 1 Std Dev range: [13.63 , 17.75] · 2 Std Dev range: [11.57 , 19.81]
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".
18 July 2024 · P/E Ratio: 26.11 · 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
( 26.11 )
Deviation
vs μ
Valuation
Last 1Y 23.58 1.44 [20.70 · 22.14 , 25.02 · 26.45]
+1.76 σ
Overvalued
Last 2Y 20.66 2.93 [14.79 · 17.73 , 23.59 · 26.53]
+1.86 σ
Overvalued
Last 3Y 20.11 2.22 [15.67 · 17.89 , 22.33 · 24.55]
+2.70 σ
Expensive
Last 4Y 20.61 1.89 [16.83 · 18.72 , 22.49 · 24.38]
+2.92 σ
Expensive
Last 5Y 20.15 2.05 [16.05 · 18.10 , 22.20 · 24.25]
+2.91 σ
Expensive
Last 6Y 19.29 2.28 [14.73 · 17.01 , 21.57 · 23.85]
+2.99 σ
Expensive
Last 7Y 18.93 2.15 [14.62 · 16.77 , 21.08 · 23.24]
+3.33 σ
Expensive
Last 8Y 18.58 2.03 [14.52 · 16.55 , 20.61 · 22.64]
+3.71 σ
Expensive
Last 9Y 18.24 2.02 [14.20 · 16.22 , 20.26 · 22.28]
+3.90 σ
Expensive
Last 10Y 18.03 2.02 [14.00 · 16.02 , 20.05 · 22.06]
+4.01 σ
Expensive
Last 11Y 17.66 2.02 [13.63 · 15.64 , 19.68 · 21.70]
+4.19 σ
Expensive
Last 12Y 17.33 2.09 [13.15 · 15.24 , 19.42 · 21.51]
+4.20 σ
Expensive
Last 13Y 16.90 2.23 [12.45 · 14.68 , 19.13 · 21.36]
+4.13 σ
Expensive
Last 14Y 16.52 2.39 [11.73 · 14.13 , 18.92 · 21.31]
+4.01 σ
Expensive
Last 15Y 16.35 2.40 [11.54 · 13.94 , 18.75 · 21.15]
+4.06 σ
Expensive
Last 16Y 16.02 2.44 [11.15 · 13.58 , 18.45 · 20.89]
+4.15 σ
Expensive
Last 17Y 15.85 2.37 [11.12 · 13.49 , 18.22 · 20.59]
+4.33 σ
Expensive
Last 18Y 15.72 2.24 [11.25 · 13.49 , 17.96 · 20.20]
+4.64 σ
Expensive
Last 19Y 15.65 2.14 [11.36 · 13.50 , 17.79 · 19.93]
+4.88 σ
Expensive
Last 20Y 15.69 2.06 [11.57 · 13.63 , 17.75 · 19.81]
+5.06 σ
Expensive

S&P 500 Index Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +12.07% 18 Jul
Short Term Price vs SMA50 +2.52% 18 Jul
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.