S&P 500 Real Estate Sector: current P/E Ratio

38.32
Last update: 20 November 2024

The estimated P/E Ratio for S&P 500 Real Estate Sector is 38.32, calculated on 20 November 2024.

Considering the last 5 years, an average P/E interval is [33.32 , 45.61]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the XLRE Etf, whose benchmark is the S&P 500 Real Estate 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 Real Estate Sector P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

20 November 2024 · P/E Ratio: 38.32
20 November 2024 · P/E Ratio: 38.32 · 1Y Average: 34.78 · 1 Std Dev range: [33.01 , 36.56] · 2 Std Dev range: [31.23 , 38.34]
20 November 2024 · P/E Ratio: 38.32 · 5Y Average: 39.47 · 1 Std Dev range: [33.32 , 45.61] · 2 Std Dev range: [27.18 , 51.76]
20 November 2024 · P/E Ratio: 38.32 · 10Y Average: 38.03 · 1 Std Dev range: [34.30 , 41.75] · 2 Std Dev range: [30.58 , 45.48]
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".
20 November 2024 · P/E Ratio: 38.32 · 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
( 38.32 )		 Deviation
vs μ		 Valuation
Last 1Y 34.78 1.78 [31.23 · 33.01 , 36.56 · 38.34]
+1.99 σ
Overvalued
Last 2Y 32.49 2.75 [26.98 · 29.74 , 35.24 · 38.00]
+2.12 σ
Expensive
Last 3Y 34.13 3.22 [27.70 · 30.91 , 37.35 · 40.56]
+1.30 σ
Overvalued
Last 4Y 37.83 6.18 [25.47 · 31.65 , 44.01 · 50.19]
+0.08 σ
Fair
Last 5Y 39.47 6.14 [27.18 · 33.32 , 45.61 · 51.76]
-0.19 σ
Fair
Last 6Y 39.57 5.35 [28.86 · 34.22 , 44.92 · 50.28]
-0.23 σ
Fair
Last 7Y 39.09 4.81 [29.48 · 34.28 , 43.89 · 48.70]
-0.16 σ
Fair
Last 8Y 38.60 4.21 [30.18 · 34.39 , 42.81 · 47.03]
-0.07 σ
Fair
Last 9Y 38.23 3.89 [30.45 · 34.34 , 42.12 · 46.02]
+0.02 σ
Fair
Last 10Y 38.03 3.73 [30.58 · 34.30 , 41.75 · 45.48]
+0.08 σ
Fair
Last 11Y 37.58 3.38 [30.81 · 34.20 , 40.96 · 44.34]
+0.22 σ
Fair
Last 12Y 37.42 3.11 [31.20 · 34.31 , 40.53 · 43.63]
+0.29 σ
Fair
Last 13Y 37.30 2.75 [31.81 · 34.56 , 40.05 · 42.80]
+0.37 σ
Fair
Last 14Y 37.34 2.63 [32.09 · 34.72 , 39.97 · 42.60]
+0.37 σ
Fair
Last 15Y 38.10 3.43 [31.24 · 34.67 , 41.54 · 44.97]
+0.06 σ
Fair
Last 16Y 38.07 3.57 [30.93 · 34.50 , 41.64 · 45.21]
+0.07 σ
Fair
Last 17Y 37.54 3.79 [29.96 · 33.75 , 41.33 · 45.12]
+0.21 σ
Fair
Last 18Y 37.34 3.63 [30.07 · 33.71 , 40.98 · 44.61]
+0.27 σ
Fair

S&P 500 Real Estate Sector Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +7.53% 20 Nov
Short Term Price vs SMA50 -1.11% 20 Nov
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.