33.89
Last update: 03 May 2024
The estimated P/E Ratio for S&P 500 Information Technology Sector is 33.89, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [23.34 , 29.79]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the XLK Etf, whose benchmark is the S&P 500 Information Technology 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 Information Technology Sector P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
03 May 2024 · P/E Ratio: 33.89
03 May 2024 · P/E Ratio: 33.89 ·
1Y Average: 32.26 ·
1 Std Dev range: [30.66 , 33.86] ·
2 Std Dev range: [29.06 , 35.46]
03 May 2024 · P/E Ratio: 33.89 ·
5Y Average: 26.56 ·
1 Std Dev range: [23.34 , 29.79] ·
2 Std Dev range: [20.11 , 33.02]
03 May 2024 · P/E Ratio: 33.89 ·
10Y Average: 21.04 ·
1 Std Dev range: [16.37 , 25.71] ·
2 Std Dev range: [11.70 , 30.38]
03 May 2024 · P/E Ratio: 33.89 ·
20Y Average: 17.99 ·
1 Std Dev range: [14.26 , 21.72] ·
2 Std Dev range: [10.53 , 25.45]
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".
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".
03 May 2024 · P/E Ratio: 33.89 · 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 ( 33.89 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 32.26 | 1.60 | [29.06 · 30.66 , 33.86 · 35.46] |
|
+1.02 σ |
Overvalued
|
| Last 2Y | 28.71 | 3.39 | [21.94 · 25.33 , 32.10 · 35.48] |
|
+1.53 σ |
Overvalued
|
| Last 3Y | 28.59 | 2.67 | [23.26 · 25.93 , 31.26 · 33.93] |
|
+1.99 σ |
Overvalued
|
| Last 4Y | 27.75 | 2.48 | [22.79 · 25.27 , 30.23 · 32.71] |
|
+2.48 σ |
Expensive
|
| Last 5Y | 26.56 | 3.23 | [20.11 · 23.34 , 29.79 · 33.02] |
|
+2.27 σ |
Expensive
|
| Last 6Y | 24.82 | 4.09 | [16.64 · 20.73 , 28.90 · 32.99] |
|
+2.22 σ |
Expensive
|
| Last 7Y | 23.69 | 4.31 | [15.08 · 19.39 , 28.00 · 32.31] |
|
+2.37 σ |
Expensive
|
| Last 8Y | 22.55 | 4.45 | [13.66 · 18.10 , 26.99 · 31.44] |
|
+2.55 σ |
Expensive
|
| Last 9Y | 21.66 | 4.55 | [12.55 · 17.10 , 26.21 · 30.76] |
|
+2.69 σ |
Expensive
|
| Last 10Y | 21.04 | 4.67 | [11.70 · 16.37 , 25.71 · 30.38] |
|
+2.75 σ |
Expensive
|
| Last 11Y | 20.24 | 4.63 | [10.97 · 15.61 , 24.87 · 29.50] |
|
+2.95 σ |
Expensive
|
| Last 12Y | 19.54 | 4.73 | [10.07 · 14.81 , 24.27 · 29.00] |
|
+3.03 σ |
Expensive
|
| Last 13Y | 18.75 | 4.82 | [9.10 · 13.92 , 23.57 · 28.39] |
|
+3.14 σ |
Expensive
|
| Last 14Y | 18.21 | 4.80 | [8.61 · 13.41 , 23.01 · 27.81] |
|
+3.27 σ |
Expensive
|
| Last 15Y | 18.07 | 4.64 | [8.78 · 13.42 , 22.71 · 27.35] |
|
+3.41 σ |
Expensive
|
| Last 16Y | 17.64 | 4.46 | [8.72 · 13.18 , 22.10 · 26.56] |
|
+3.64 σ |
Expensive
|
| Last 17Y | 17.63 | 4.24 | [9.15 · 13.39 , 21.88 · 26.12] |
|
+3.83 σ |
Expensive
|
| Last 18Y | 17.62 | 3.96 | [9.70 · 13.66 , 21.57 · 25.53] |
|
+4.11 σ |
Expensive
|
| Last 19Y | 17.72 | 3.78 | [10.16 · 13.94 , 21.50 · 25.28] |
|
+4.28 σ |
Expensive
|
| Last 20Y | 17.99 | 3.73 | [10.53 · 14.26 , 21.72 · 25.45] |
|
+4.26 σ |
Expensive
|
S&P 500 Information Technology Sector Trend
Trend is evaluated considering the price of the XLK Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +8.62% | 03 May | |
| Short Term | Price vs SMA50 | -1.03% | 03 May |
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.