36.03
Last update: 26 July 2024
The estimated P/E Ratio for S&P 500 Information Technology Sector is 36.03, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [23.90 , 30.28]. 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.
26 July 2024 · P/E Ratio: 36.03
26 July 2024 · P/E Ratio: 36.03 ·
1Y Average: 32.60 ·
1 Std Dev range: [30.98 , 34.23] ·
2 Std Dev range: [29.35 , 35.85]
26 July 2024 · P/E Ratio: 36.03 ·
5Y Average: 27.09 ·
1 Std Dev range: [23.90 , 30.28] ·
2 Std Dev range: [20.71 , 33.47]
26 July 2024 · P/E Ratio: 36.03 ·
10Y Average: 21.37 ·
1 Std Dev range: [16.55 , 26.18] ·
2 Std Dev range: [11.73 , 31.00]
26 July 2024 · P/E Ratio: 36.03 ·
20Y Average: 18.05 ·
1 Std Dev range: [14.20 , 21.89] ·
2 Std Dev range: [10.35 , 25.74]
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".
26 July 2024 · P/E Ratio: 36.03 · 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 ( 36.03 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 32.60 | 1.62 | [29.35 · 30.98 , 34.23 · 35.85] |
|
+2.11 σ |
Expensive
|
| Last 2Y | 29.45 | 3.52 | [22.40 · 25.93 , 32.98 · 36.50] |
|
+1.87 σ |
Overvalued
|
| Last 3Y | 29.21 | 2.67 | [23.86 · 26.53 , 31.88 · 34.55] |
|
+2.56 σ |
Expensive
|
| Last 4Y | 28.21 | 2.58 | [23.05 · 25.63 , 30.79 · 33.37] |
|
+3.03 σ |
Expensive
|
| Last 5Y | 27.09 | 3.19 | [20.71 · 23.90 , 30.28 · 33.47] |
|
+2.80 σ |
Expensive
|
| Last 6Y | 25.33 | 4.11 | [17.10 · 21.21 , 29.44 · 33.56] |
|
+2.60 σ |
Expensive
|
| Last 7Y | 24.11 | 4.43 | [15.25 · 19.68 , 28.54 · 32.97] |
|
+2.69 σ |
Expensive
|
| Last 8Y | 22.93 | 4.55 | [13.83 · 18.38 , 27.48 · 32.03] |
|
+2.88 σ |
Expensive
|
| Last 9Y | 22.01 | 4.68 | [12.64 · 17.32 , 26.69 · 31.38] |
|
+2.99 σ |
Expensive
|
| Last 10Y | 21.37 | 4.82 | [11.73 · 16.55 , 26.18 · 31.00] |
|
+3.04 σ |
Expensive
|
| Last 11Y | 20.53 | 4.77 | [11.00 · 15.77 , 25.30 · 30.07] |
|
+3.25 σ |
Expensive
|
| Last 12Y | 19.83 | 4.84 | [10.16 · 15.00 , 24.67 · 29.51] |
|
+3.35 σ |
Expensive
|
| Last 13Y | 19.02 | 4.92 | [9.17 · 14.10 , 23.94 · 28.87] |
|
+3.46 σ |
Expensive
|
| Last 14Y | 18.44 | 4.94 | [8.57 · 13.51 , 23.38 · 28.32] |
|
+3.56 σ |
Expensive
|
| Last 15Y | 18.25 | 4.81 | [8.64 · 13.45 , 23.06 · 27.87] |
|
+3.70 σ |
Expensive
|
| Last 16Y | 17.80 | 4.64 | [8.53 · 13.16 , 22.44 · 27.07] |
|
+3.93 σ |
Expensive
|
| Last 17Y | 17.74 | 4.41 | [8.93 · 13.34 , 22.15 · 26.56] |
|
+4.15 σ |
Expensive
|
| Last 18Y | 17.74 | 4.12 | [9.50 · 13.62 , 21.86 · 25.98] |
|
+4.44 σ |
Expensive
|
| Last 19Y | 17.81 | 3.93 | [9.95 · 13.88 , 21.74 · 25.67] |
|
+4.64 σ |
Expensive
|
| Last 20Y | 18.05 | 3.85 | [10.35 · 14.20 , 21.89 · 25.74] |
|
+4.68 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 | +7.73% | 26 Jul | |
| Short Term | Price vs SMA50 | -2.76% | 26 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.