The estimated P/E Ratio for S&P 500 Energy Sector is 13.67, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [7.60 , 21.20]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the XLE Etf, whose benchmark is the S&P 500 Energy 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 Energy Sector 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 ( 13.67 ) |
Deviation vs μ |
Valuation |
Last 1Y | 11.99 | 1.23 | [9.53 · 10.76 , 13.21 · 14.44] |
|
+1.37 σ |
Overvalued
|
Last 2Y | 10.16 | 1.77 | [6.61 · 8.38 , 11.93 · 13.71] |
|
+1.98 σ |
Overvalued
|
Last 3Y | 9.94 | 1.37 | [7.19 · 8.57 , 11.31 · 12.69] |
|
+2.71 σ |
Expensive
|
Last 4Y | 11.11 | 2.20 | [6.71 · 8.91 , 13.31 · 15.51] |
|
+1.16 σ |
Overvalued
|
Last 5Y | 14.40 | 6.80 | [0.79 · 7.60 , 21.20 · 28.01] |
|
-0.11 σ |
Fair
|
Last 6Y | 14.02 | 5.13 | [3.75 · 8.88 , 19.15 · 24.28] |
|
-0.07 σ |
Fair
|
Last 7Y | 14.68 | 4.69 | [5.29 · 9.99 , 19.37 · 24.06] |
|
-0.22 σ |
Fair
|
Last 8Y | 16.38 | 6.00 | [4.37 · 10.37 , 22.38 · 28.38] |
|
-0.45 σ |
Fair
|
Last 9Y | 18.60 | 7.91 | [2.77 · 10.68 , 26.51 · 34.42] |
|
-0.62 σ |
Fair
|
Last 10Y | 19.46 | 7.69 | [4.09 · 11.78 , 27.15 · 34.84] |
|
-0.75 σ |
Fair
|
Last 11Y | 18.55 | 7.16 | [4.22 · 11.38 , 25.71 · 32.87] |
|
-0.68 σ |
Fair
|
Last 12Y | 17.76 | 6.92 | [3.91 · 10.84 , 24.68 · 31.61] |
|
-0.59 σ |
Fair
|
Last 13Y | 16.85 | 6.64 | [3.56 · 10.21 , 23.50 · 30.14] |
|
-0.48 σ |
Fair
|
Last 14Y | 16.28 | 6.41 | [3.46 · 9.87 , 22.70 · 29.11] |
|
-0.41 σ |
Fair
|
Last 15Y | 15.98 | 6.29 | [3.40 · 9.69 , 22.27 · 28.56] |
|
-0.37 σ |
Fair
|
Last 16Y | 15.52 | 5.86 | [3.81 · 9.67 , 21.38 · 27.24] |
|
-0.32 σ |
Fair
|
Last 17Y | 15.09 | 5.67 | [3.74 · 9.41 , 20.76 · 26.44] |
|
-0.25 σ |
Fair
|
Last 18Y | 14.66 | 5.31 | [4.04 · 9.35 , 19.97 · 25.27] |
|
-0.19 σ |
Fair
|
Last 19Y | 14.28 | 5.17 | [3.95 · 9.11 , 19.45 · 24.62] |
|
-0.12 σ |
Fair
|
Last 20Y | 14.21 | 5.04 | [4.13 · 9.17 , 19.24 · 24.28] |
|
-0.11 σ |
Fair
|
S&P 500 Energy Sector Trend
Trend is evaluated considering the price of the XLE Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +6.15% | 20 Nov | |
Short Term | Price vs SMA50 | +6.36% | 20 Nov |