S&P 500 Valuation Dispersion on Forward P/E – Value vs. Growth

S&P 500 Valuation Dispersion on Forward P/E – Value vs. Growth When valuation dispersion was this high or higher, value stocks tended to outperform growth stocks (95% of the time) over the next 12 months. Image: BofA Merrill Lynch US Equity & US Quant Strategy

S&P 500 Valuation and Inflation

S&P 500 Valuation and Inflation This chart suggests that the S&P 500 is fairly valued based on current inflation. Image: SunTrust Private Wealth Management

S&P 500 Valuation

S&P 500 Valuation This chart shows that the S&P 500 is in a trading range rather than in a bearish or bullish market trend, for more than 20 months. Image: Fidelity Investments

S&P 500 Valuation and Equity Risk Premium

S&P 500 Valuation and Equity Risk Premium This chart shows that the equity risk premium (earnings yield less 10-year Treasury yield) has declined to 3.9%. Image: Fidelity Investments

S&P 500 Valuations Above Historical Average

S&P 500 Valuation Above Historical Average The S&P 500 is overvalued on 17 of 20 valuation metrics. You may also like our “Stock Market Valuation.” Image: Bank of America

S&P 500 Valuation – Forward P/E Ratio – May 10, 2019

S&P 500 Valuation – Forward P/E Ratio – May 10, 2019 S&P 500 Valuation: Forward P/E Ratio is 16.5 and equal to the 5-year average, above the 10-Year average (14.7).Based on the forward P/E ratio, the US stock market is not too expensive. You may also like our “Stock Market Valuation.” Image: FactSet Research Systems Inc.

Valuation – Distribution of S&P 500 P/E since 1935

Valuation – Distribution of S&P 500 P/E since 1935 On a P/E basis, the S&P 500 is not cheap. The S&P 500 P/E has been higher only about 10% of the time since 1935. Image: Deutsche Bank Asset Allocation

Valuation – S&P 500 Forward Price-to-Earnings

Valuation – S&P 500 Forward Price-to-Earnings Is the S&P 500 valuation stretched? Valuations are currently the highest since early 2018. Image: SunTrust Private Wealth Management