U.S. Growth Stocks P/E Ratio: 1987-2009 vs. 2008-2020

U.S. Growth Stocks P/E Ratio: 1987-2009 vs. 2008-2020 Are growth stocks overvalued? This chart shows the P/E ratio on growth stocks during the dotcom bubble compared to the period 2008-2020. Image: Alpine Macro

S&P 500 Forward 2-Year P/E Ratio

S&P 500 Forward 2-Year P/E Ratio The U.S. stock market is pricing in a V-shaped economic recovery. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 12-Month Forward P/E Ratio

Valuation – S&P 500 12-Month Forward P/E Ratio The 12m forward P/E ratio of the S&P 500, close to 19x, remains at high level and above its historical range. Image: The Daily Shot – The Wall Street Journal

Valuation – S&P 500 Forward P/E Ratio

Valuation – S&P 500 Forward P/E Ratio Chart showing that the forward P/E ratio of the S&P 500 remains at high level, above its historical range. Image: Fidelity Investments

Core Inflation and Average Trailing S&P 500 P/E Ratio

Core Inflation and Average Trailing S&P 500 P/E Ratio In periods of low inflation, the P/E ratio is higher. Conversely, high inflation tends to depress the P/E ratio. Image: Goldman Sachs Global Investment Research

S&P 500 Forward P/E Ratio

S&P 500 Forward P/E Ratio S&P 500 to 3,550? “Bull markets don’t die of old age” but the forward P/E ratio of the S&P 500 remains at high level. Image: SunTrust Private Wealth Management

Valuation – Forward P/E Ratio

Valuation – Forward P/E Ratio From the valuation peak of January 2018, most P/E ratios have seen drawdowns of 20%-30%, making this feel like a bear market. Image: Fidelity Investments