The estimated P/E Ratio for S&P 500 Financials Sector is 16.78, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [12.44 , 14.67]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the XLF Etf, whose benchmark is the S&P 500 Financials 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 Financials 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 ( 16.78 ) |
Deviation vs μ |
Valuation |
Last 1Y | 15.24 | 1.30 | [12.63 · 13.93 , 16.54 · 17.84] |
|
+1.18 σ |
Overvalued
|
Last 2Y | 13.70 | 1.62 | [10.46 · 12.08 , 15.31 · 16.93] |
|
+1.91 σ |
Overvalued
|
Last 3Y | 13.88 | 1.15 | [11.58 · 12.73 , 15.02 · 16.17] |
|
+2.53 σ |
Expensive
|
Last 4Y | 13.90 | 0.96 | [11.98 · 12.94 , 14.85 · 15.81] |
|
+3.01 σ |
Expensive
|
Last 5Y | 13.56 | 1.11 | [11.33 · 12.44 , 14.67 · 15.78] |
|
+2.89 σ |
Expensive
|
Last 6Y | 13.20 | 1.15 | [10.90 · 12.05 , 14.35 · 15.50] |
|
+3.11 σ |
Expensive
|
Last 7Y | 13.31 | 1.06 | [11.19 · 12.25 , 14.36 · 15.42] |
|
+3.28 σ |
Expensive
|
Last 8Y | 13.29 | 0.98 | [11.34 · 12.32 , 14.27 · 15.24] |
|
+3.57 σ |
Expensive
|
Last 9Y | 13.31 | 0.91 | [11.49 · 12.40 , 14.22 · 15.13] |
|
+3.81 σ |
Expensive
|
Last 10Y | 13.39 | 0.83 | [11.73 · 12.56 , 14.22 · 15.05] |
|
+4.07 σ |
Expensive
|
Last 11Y | 13.30 | 0.79 | [11.73 · 12.51 , 14.09 · 14.87] |
|
+4.42 σ |
Expensive
|
Last 12Y | 13.12 | 0.89 | [11.33 · 12.23 , 14.02 · 14.91] |
|
+4.08 σ |
Expensive
|
Last 13Y | 12.92 | 1.01 | [10.91 · 11.91 , 13.92 · 14.93] |
|
+3.83 σ |
Expensive
|
Last 14Y | 12.80 | 1.03 | [10.75 · 11.77 , 13.83 · 14.85] |
|
+3.87 σ |
Expensive
|
Last 15Y | 12.98 | 1.09 | [10.79 · 11.89 , 14.07 · 15.16] |
|
+3.48 σ |
Expensive
|
Last 16Y | 12.85 | 1.12 | [10.60 · 11.72 , 13.97 · 15.09] |
|
+3.50 σ |
Expensive
|
Last 17Y | 12.72 | 1.17 | [10.37 · 11.54 , 13.89 · 15.06] |
|
+3.47 σ |
Expensive
|
Last 18Y | 12.65 | 1.12 | [10.40 · 11.53 , 13.77 · 14.90] |
|
+3.67 σ |
Expensive
|
Last 19Y | 12.58 | 1.10 | [10.38 · 11.48 , 13.68 · 14.79] |
|
+3.81 σ |
Expensive
|
Last 20Y | 12.56 | 1.07 | [10.43 · 11.49 , 13.63 · 14.70] |
|
+3.95 σ |
Expensive
|
S&P 500 Financials Sector Trend
Trend is evaluated considering the price of the XLF Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +10.06% | 03 May | |
Short Term | Price vs SMA50 | -0.68% | 03 May |