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

24.41
Last update: 26 July 2024

The estimated P/E Ratio for S&P 500 Materials Sector is 24.41, calculated on 26 July 2024.

Considering the last 5 years, an average P/E interval is [15.93 , 19.81]. 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.

26 July 2024 · P/E Ratio: 24.41
26 July 2024 · P/E Ratio: 24.41 · 1Y Average: 20.72 · 1 Std Dev range: [18.49 , 22.95] · 2 Std Dev range: [16.26 , 25.18]
26 July 2024 · P/E Ratio: 24.41 · 5Y Average: 17.87 · 1 Std Dev range: [15.93 , 19.81] · 2 Std Dev range: [13.98 , 21.76]
26 July 2024 · P/E Ratio: 24.41 · 10Y Average: 16.89 · 1 Std Dev range: [15.44 , 18.33] · 2 Std Dev range: [14.00 , 19.77]
26 July 2024 · P/E Ratio: 24.41 · 20Y Average: 15.41 · 1 Std Dev range: [13.72 , 17.10] · 2 Std Dev range: [12.03 , 18.80]
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".
26 July 2024 · P/E Ratio: 24.41 · 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
( 24.41 )		 Deviation
vs μ		 Valuation
Last 1Y 20.72 2.23 [16.26 · 18.49 , 22.95 · 25.18]
+1.66 σ
Overvalued
Last 2Y 17.60 2.70 [12.19 · 14.90 , 20.30 · 23.01]
+2.52 σ
Expensive
Last 3Y 16.54 1.83 [12.87 · 14.70 , 18.37 · 20.21]
+4.29 σ
Expensive
Last 4Y 17.60 2.19 [13.22 · 15.41 , 19.79 · 21.98]
+3.11 σ
Expensive
Last 5Y 17.87 1.94 [13.98 · 15.93 , 19.81 · 21.76]
+3.37 σ
Expensive
Last 6Y 17.20 1.99 [13.22 · 15.21 , 19.19 · 21.17]
+3.63 σ
Expensive
Last 7Y 17.22 1.79 [13.64 · 15.43 , 19.01 · 20.80]
+4.02 σ
Expensive
Last 8Y 17.15 1.54 [14.07 · 15.61 , 18.68 · 20.22]
+4.73 σ
Expensive
Last 9Y 16.90 1.55 [13.79 · 15.34 , 18.45 · 20.00]
+4.84 σ
Expensive
Last 10Y 16.89 1.44 [14.00 · 15.44 , 18.33 · 19.77]
+5.21 σ
Expensive
Last 11Y 16.70 1.34 [14.02 · 15.36 , 18.03 · 19.37]
+5.77 σ
Expensive
Last 12Y 16.37 1.52 [13.33 · 14.85 , 17.89 · 19.42]
+5.28 σ
Expensive
Last 13Y 16.01 1.70 [12.61 · 14.31 , 17.71 · 19.41]
+4.95 σ
Expensive
Last 14Y 15.77 1.76 [12.26 · 14.02 , 17.53 · 19.28]
+4.92 σ
Expensive
Last 15Y 15.91 1.79 [12.33 · 14.12 , 17.70 · 19.49]
+4.75 σ
Expensive
Last 16Y 15.80 1.88 [12.05 · 13.93 , 17.68 · 19.56]
+4.58 σ
Expensive
Last 17Y 15.70 1.81 [12.07 · 13.89 , 17.51 · 19.33]
+4.80 σ
Expensive
Last 18Y 15.54 1.78 [11.97 · 13.76 , 17.32 · 19.11]
+4.97 σ
Expensive
Last 19Y 15.43 1.75 [11.93 · 13.68 , 17.18 · 18.93]
+5.14 σ
Expensive
Last 20Y 15.41 1.69 [12.03 · 13.72 , 17.10 · 18.80]
+5.32 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).

Swipe left to see all data
Trend Indicator Valuation Margin
Long Term Price vs SMA200 +6.12% 26 Jul
Short Term Price vs SMA50 +1.50% 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.