The estimated P/E Ratio for S&P 500 Utilities Sector is 19.57, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [18.43 , 19.95]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the XLU Etf, whose benchmark is the S&P 500 Utilities 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 Utilities 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 ( 19.57 ) |
Deviation vs μ |
Valuation |
Last 1Y | 18.72 | 0.84 | [17.04 · 17.88 , 19.56 · 20.40] |
|
+1.01 σ |
Overvalued
|
Last 2Y | 19.60 | 1.22 | [17.16 · 18.38 , 20.82 · 22.05] |
|
-0.02 σ |
Fair
|
Last 3Y | 19.51 | 0.82 | [17.86 · 18.68 , 20.33 · 21.15] |
|
+0.08 σ |
Fair
|
Last 4Y | 19.12 | 0.87 | [17.38 · 18.25 , 19.98 · 20.85] |
|
+0.53 σ |
Fair
|
Last 5Y | 19.19 | 0.76 | [17.67 · 18.43 , 19.95 · 20.72] |
|
+0.50 σ |
Fair
|
Last 6Y | 18.76 | 1.00 | [16.76 · 17.76 , 19.77 · 20.77] |
|
+0.81 σ |
Fair
|
Last 7Y | 18.53 | 1.05 | [16.44 · 17.49 , 19.58 · 20.63] |
|
+0.99 σ |
Fair
|
Last 8Y | 18.34 | 1.02 | [16.30 · 17.32 , 19.36 · 20.38] |
|
+1.21 σ |
Overvalued
|
Last 9Y | 18.05 | 1.18 | [15.69 · 16.87 , 19.22 · 20.40] |
|
+1.30 σ |
Overvalued
|
Last 10Y | 17.89 | 1.21 | [15.47 · 16.68 , 19.10 · 20.31] |
|
+1.39 σ |
Overvalued
|
Last 11Y | 17.63 | 1.29 | [15.05 · 16.34 , 18.92 · 20.21] |
|
+1.51 σ |
Overvalued
|
Last 12Y | 17.37 | 1.41 | [14.54 · 15.95 , 18.78 · 20.20] |
|
+1.56 σ |
Overvalued
|
Last 13Y | 17.11 | 1.50 | [14.11 · 15.61 , 18.60 · 20.10] |
|
+1.65 σ |
Overvalued
|
Last 14Y | 16.83 | 1.66 | [13.51 · 15.17 , 18.49 · 20.15] |
|
+1.65 σ |
Overvalued
|
Last 15Y | 16.54 | 1.93 | [12.69 · 14.61 , 18.46 · 20.39] |
|
+1.58 σ |
Overvalued
|
Last 16Y | 16.26 | 2.04 | [12.17 · 14.22 , 18.30 · 20.34] |
|
+1.62 σ |
Overvalued
|
Last 17Y | 16.23 | 1.95 | [12.33 · 14.28 , 18.18 · 20.13] |
|
+1.72 σ |
Overvalued
|
Last 18Y | 16.11 | 1.89 | [12.32 · 14.21 , 18.00 · 19.89] |
|
+1.83 σ |
Overvalued
|
Last 19Y | 16.04 | 1.83 | [12.38 · 14.21 , 17.87 · 19.70] |
|
+1.93 σ |
Overvalued
|
Last 20Y | 15.95 | 1.82 | [12.30 · 14.13 , 17.77 · 19.59] |
|
+1.99 σ |
Overvalued
|
S&P 500 Utilities Sector Trend
Trend is evaluated considering the price of the XLU Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +8.86% | 03 May | |
Short Term | Price vs SMA50 | +6.13% | 03 May |