The estimated P/E Ratio for S&P 500 Real Estate Sector is 33.32, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [34.24 , 46.31]. For this reason, the current P/E can be considered Undervalued
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.
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".
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 ( 33.32 ) |
Deviation vs μ |
Valuation |
Last 1Y | 31.10 | 1.90 | [27.30 · 29.20 , 33.01 · 34.91] |
|
+1.16 σ |
Overvalued
|
Last 2Y | 32.30 | 2.58 | [27.14 · 29.72 , 34.89 · 37.47] |
|
+0.39 σ |
Fair
|
Last 3Y | 35.98 | 5.55 | [24.89 · 30.44 , 41.53 · 47.08] |
|
-0.48 σ |
Fair
|
Last 4Y | 39.50 | 6.88 | [25.74 · 32.62 , 46.37 · 53.25] |
|
-0.90 σ |
Fair
|
Last 5Y | 40.27 | 6.04 | [28.20 · 34.24 , 46.31 · 52.35] |
|
-1.15 σ |
Undervalued
|
Last 6Y | 39.67 | 5.25 | [29.17 · 34.42 , 44.92 · 50.17] |
|
-1.21 σ |
Undervalued
|
Last 7Y | 39.20 | 4.70 | [29.79 · 34.49 , 43.90 · 48.60] |
|
-1.25 σ |
Undervalued
|
Last 8Y | 38.66 | 4.15 | [30.35 · 34.51 , 42.82 · 46.97] |
|
-1.29 σ |
Undervalued
|
Last 9Y | 38.13 | 3.92 | [30.30 · 34.22 , 42.05 · 45.97] |
|
-1.23 σ |
Undervalued
|
Last 10Y | 37.97 | 3.72 | [30.54 · 34.26 , 41.69 · 45.40] |
|
-1.25 σ |
Undervalued
|
Last 11Y | 37.59 | 3.34 | [30.92 · 34.26 , 40.93 · 44.27] |
|
-1.28 σ |
Undervalued
|
Last 12Y | 37.46 | 3.06 | [31.34 · 34.40 , 40.53 · 43.59] |
|
-1.35 σ |
Undervalued
|
Last 13Y | 37.31 | 2.75 | [31.80 · 34.55 , 40.06 · 42.82] |
|
-1.45 σ |
Undervalued
|
Last 14Y | 37.71 | 2.98 | [31.75 · 34.73 , 40.69 · 43.67] |
|
-1.47 σ |
Undervalued
|
Last 15Y | 38.46 | 3.71 | [31.04 · 34.75 , 42.16 · 45.87] |
|
-1.39 σ |
Undervalued
|
Last 16Y | 37.91 | 3.71 | [30.49 · 34.20 , 41.62 · 45.33] |
|
-1.24 σ |
Undervalued
|
Last 17Y | 37.43 | 3.87 | [29.70 · 33.56 , 41.30 · 45.17] |
|
-1.06 σ |
Undervalued
|
Last 18Y | 37.31 | 3.68 | [29.96 · 33.64 , 40.99 · 44.67] |
|
-1.09 σ |
Undervalued
|
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).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | -0.41% | 03 May | |
Short Term | Price vs SMA50 | -2.93% | 03 May |