S&P 500 Materials Sector: current P/E Ratio

25.05
Last update: 03 May 2024

The estimated P/E Ratio for S&P 500 Materials Sector is 25.05, calculated on 03 May 2024.

Considering the last 5 years, an average P/E interval is [15.77 , 19.47]. For this reason, the current P/E can be considered Expensive

P/E Ratio is calculated on the XLB Etf, whose benchmark is the S&P 500 Materials 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 Materials 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: 25.05
03 May 2024 · P/E Ratio: 25.05 · 1Y Average: 19.15 · 1 Std Dev range: [17.33 , 20.97] · 2 Std Dev range: [15.51 , 22.79]
03 May 2024 · P/E Ratio: 25.05 · 5Y Average: 17.62 · 1 Std Dev range: [15.77 , 19.47] · 2 Std Dev range: [13.92 , 21.32]
03 May 2024 · P/E Ratio: 25.05 · 10Y Average: 16.80 · 1 Std Dev range: [15.46 , 18.14] · 2 Std Dev range: [14.12 , 19.48]
03 May 2024 · P/E Ratio: 25.05 · 20Y Average: 15.37 · 1 Std Dev range: [13.73 , 17.02] · 2 Std Dev range: [12.08 , 18.67]
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".
03 May 2024 · P/E Ratio: 25.05 · Last Periods metrics
Show all periods
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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
( 25.05 )		 Deviation
vs μ		 Valuation
Last 1Y 19.15 1.82 [15.51 · 17.33 , 20.97 · 22.79]
+3.25 σ
Expensive
Last 2Y 16.58 2.29 [12.01 · 14.29 , 18.86 · 21.15]
+3.71 σ
Expensive
Last 3Y 16.35 1.48 [13.39 · 14.87 , 17.82 · 19.30]
+5.89 σ
Expensive
Last 4Y 17.58 2.15 [13.29 · 15.43 , 19.72 · 21.87]
+3.48 σ
Expensive
Last 5Y 17.62 1.85 [13.92 · 15.77 , 19.47 · 21.32]
+4.01 σ
Expensive
Last 6Y 17.01 1.86 [13.29 · 15.15 , 18.87 · 20.72]
+4.33 σ
Expensive
Last 7Y 17.11 1.67 [13.78 · 15.44 , 18.78 · 20.45]
+4.76 σ
Expensive
Last 8Y 17.05 1.42 [14.21 · 15.63 , 18.47 · 19.88]
+5.64 σ
Expensive
Last 9Y 16.80 1.45 [13.90 · 15.35 , 18.25 · 19.70]
+5.69 σ
Expensive
Last 10Y 16.80 1.34 [14.12 · 15.46 , 18.14 · 19.48]
+6.15 σ
Expensive
Last 11Y 16.58 1.31 [13.96 · 15.27 , 17.89 · 19.19]
+6.48 σ
Expensive
Last 12Y 16.26 1.50 [13.26 · 14.76 , 17.76 · 19.26]
+5.86 σ
Expensive
Last 13Y 15.90 1.69 [12.51 · 14.21 , 17.59 · 19.28]
+5.42 σ
Expensive
Last 14Y 15.69 1.72 [12.24 · 13.97 , 17.41 · 19.13]
+5.43 σ
Expensive
Last 15Y 15.91 1.79 [12.33 · 14.12 , 17.70 · 19.49]
+5.11 σ
Expensive
Last 16Y 15.73 1.83 [12.08 · 13.91 , 17.56 · 19.39]
+5.10 σ
Expensive
Last 17Y 15.65 1.76 [12.14 · 13.89 , 17.40 · 19.16]
+5.35 σ
Expensive
Last 18Y 15.46 1.76 [11.95 · 13.71 , 17.22 · 18.98]
+5.45 σ
Expensive
Last 19Y 15.37 1.71 [11.94 · 13.66 , 17.08 · 18.80]
+5.65 σ
Expensive
Last 20Y 15.37 1.65 [12.08 · 13.73 , 17.02 · 18.67]
+5.87 σ
Expensive

S&P 500 Materials Sector Trend

Trend is evaluated considering the price of the XLB Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +7.06% 03 May
Short Term Price vs SMA50 -0.57% 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.