U.S. Equity Index P/E Valuations vs. History

There is little sign that risk appetite is fading. The Russell 2000 trades at 25 times forward earnings, the Nasdaq 100 at 24, and the S&P 500 at 20. Valuations look stretched, but the bid under equities remains firm.

Image: Goldman Sachs Global Investment Research

U.S. Equity Index P/E Valuations vs. History