The estimated P/E Ratio for S&P 500 Communication Services Sector is 20.48, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [17.85 , 22.61]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the XLC Etf, whose benchmark is the S&P 500 Communication Services 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 Communication Services 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 ( 20.48 ) |
Deviation vs μ |
Valuation |
Last 1Y | 23.19 | 1.50 | [20.19 · 21.69 , 24.69 · 26.19] |
|
-1.81 σ |
Undervalued
|
Last 2Y | 19.36 | 3.68 | [12.00 · 15.68 , 23.05 · 26.73] |
|
+0.30 σ |
Fair
|
Last 3Y | 19.72 | 2.86 | [14.00 · 16.86 , 22.59 · 25.45] |
|
+0.26 σ |
Fair
|
Last 4Y | 20.58 | 2.64 | [15.30 · 17.94 , 23.22 · 25.86] |
|
-0.04 σ |
Fair
|
Last 5Y | 20.23 | 2.38 | [15.48 · 17.85 , 22.61 · 24.98] |
|
+0.10 σ |
Fair
|
Last 6Y | 19.28 | 2.71 | [13.85 · 16.56 , 21.99 · 24.71] |
|
+0.44 σ |
Fair
|
Last 7Y | 18.15 | 3.43 | [11.29 · 14.72 , 21.59 · 25.02] |
|
+0.68 σ |
Fair
|
Last 8Y | 17.42 | 3.43 | [10.56 · 13.99 , 20.85 · 24.27] |
|
+0.89 σ |
Fair
|
Last 9Y | 16.77 | 3.52 | [9.73 · 13.25 , 20.28 · 23.80] |
|
+1.06 σ |
Overvalued
|
Last 10Y | 16.45 | 3.44 | [9.56 · 13.01 , 19.90 · 23.34] |
|
+1.17 σ |
Overvalued
|
Last 11Y | 16.21 | 3.23 | [9.74 · 12.97 , 19.44 · 22.67] |
|
+1.32 σ |
Overvalued
|
Last 12Y | 16.38 | 3.08 | [10.23 · 13.31 , 19.46 · 22.54] |
|
+1.33 σ |
Overvalued
|
Last 13Y | 16.27 | 2.84 | [10.59 · 13.43 , 19.11 · 21.96] |
|
+1.48 σ |
Overvalued
|
Last 14Y | 16.13 | 2.70 | [10.72 · 13.43 , 18.84 · 21.54] |
|
+1.61 σ |
Overvalued
|
Last 15Y | 15.97 | 2.68 | [10.60 · 13.28 , 18.65 · 21.33] |
|
+1.68 σ |
Overvalued
|
Last 16Y | 15.63 | 2.64 | [10.35 · 12.99 , 18.28 · 20.92] |
|
+1.83 σ |
Overvalued
|
Last 17Y | 15.53 | 2.53 | [10.46 · 13.00 , 18.07 · 20.60] |
|
+1.95 σ |
Overvalued
|
Last 18Y | 15.39 | 2.38 | [10.64 · 13.01 , 17.76 · 20.14] |
|
+2.14 σ |
Expensive
|
Last 19Y | 15.33 | 2.26 | [10.81 · 13.07 , 17.59 · 19.85] |
|
+2.28 σ |
Expensive
|
Last 20Y | 15.51 | 2.27 | [10.97 · 13.24 , 17.78 · 20.06] |
|
+2.19 σ |
Expensive
|
S&P 500 Communication Services Sector Trend
Trend is evaluated considering the price of the XLC Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +10.56% | 03 May | |
Short Term | Price vs SMA50 | -0.23% | 03 May |