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

24.92
Last update: 22 April 2024

The estimated P/E Ratio for S&P 500 Materials Sector is 24.92, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [15.74 , 19.31]. 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.

22 April 2024 · P/E Ratio: 24.92
22 April 2024 · P/E Ratio: 24.92 · 1Y Average: 18.41 · 1 Std Dev range: [16.75 , 20.07] · 2 Std Dev range: [15.09 , 21.73]
22 April 2024 · P/E Ratio: 24.92 · 5Y Average: 17.53 · 1 Std Dev range: [15.74 , 19.31] · 2 Std Dev range: [13.96 , 21.09]
22 April 2024 · P/E Ratio: 24.92 · 10Y Average: 16.76 · 1 Std Dev range: [15.47 , 18.06] · 2 Std Dev range: [14.18 , 19.35]
22 April 2024 · P/E Ratio: 24.92 · 20Y Average: 15.37 · 1 Std Dev range: [13.73 , 17.00] · 2 Std Dev range: [12.10 , 18.63]
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".
22 April 2024 · P/E Ratio: 24.92 · 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
( 24.92 )
Deviation
vs μ
Valuation
Last 1Y 18.41 1.66 [15.09 · 16.75 , 20.07 · 21.73]
+3.92 σ
Expensive
Last 2Y 16.25 2.04 [12.16 · 14.21 , 18.30 · 20.34]
+4.24 σ
Expensive
Last 3Y 16.35 1.48 [13.39 · 14.87 , 17.82 · 19.30]
+5.80 σ
Expensive
Last 4Y 17.54 2.09 [13.35 · 15.44 , 19.63 · 21.72]
+3.52 σ
Expensive
Last 5Y 17.53 1.78 [13.96 · 15.74 , 19.31 · 21.09]
+4.14 σ
Expensive
Last 6Y 16.92 1.80 [13.33 · 15.12 , 18.71 · 20.51]
+4.46 σ
Expensive
Last 7Y 17.07 1.61 [13.85 · 15.46 , 18.67 · 20.28]
+4.89 σ
Expensive
Last 8Y 17.01 1.37 [14.27 · 15.64 , 18.37 · 19.74]
+5.79 σ
Expensive
Last 9Y 16.76 1.40 [13.96 · 15.36 , 18.16 · 19.56]
+5.83 σ
Expensive
Last 10Y 16.76 1.29 [14.18 · 15.47 , 18.06 · 19.35]
+6.31 σ
Expensive
Last 11Y 16.52 1.29 [13.93 · 15.23 , 17.81 · 19.11]
+6.49 σ
Expensive
Last 12Y 16.20 1.49 [13.21 · 14.71 , 17.70 · 19.19]
+5.83 σ
Expensive
Last 13Y 15.84 1.69 [12.47 · 14.16 , 17.53 · 19.22]
+5.38 σ
Expensive
Last 14Y 15.66 1.70 [12.26 · 13.96 , 17.36 · 19.06]
+5.45 σ
Expensive
Last 15Y 15.91 1.79 [12.33 · 14.12 , 17.70 · 19.49]
+5.03 σ
Expensive
Last 16Y 15.70 1.80 [12.10 · 13.90 , 17.50 · 19.30]
+5.12 σ
Expensive
Last 17Y 15.62 1.73 [12.16 · 13.89 , 17.35 · 19.08]
+5.37 σ
Expensive
Last 18Y 15.44 1.74 [11.96 · 13.70 , 17.18 · 18.92]
+5.45 σ
Expensive
Last 19Y 15.34 1.70 [11.95 · 13.65 , 17.04 · 18.73]
+5.65 σ
Expensive
Last 20Y 15.37 1.63 [12.10 · 13.73 , 17.00 · 18.63]
+5.85 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 +6.84% 22 Apr
Short Term Price vs SMA50 -0.17% 22 Apr
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.