Valuation – S&P 500 Price/Earnings Ratio

Valuation – S&P 500 Price/Earnings Ratio The S&P 500 P/E multiple is expected to remain above the average level observed since 1990, indicating investors’ willingness to pay more for earnings, possibly due to optimism about future growth. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 Forward P/E

Valuation – S&P 500 Forward P/E Ratio The valuation of the S&P 500 index tends to expand after the Fed’s first cut, providing valuable insight into the potential impact of the Fed’s decisions on the U.S. stock market. Image: Goldman Sachs Global Investment Research

Valuation – Mega-Cap Tech Relative NTM P/E vs. Rest of S&P 500

Valuation – Mega-Cap Tech Relative NTM P/E vs. Rest of S&P 500 The concentration of mega-cap tech stocks in the S&P 500 Index has raised concerns that the market is being pulled up by a handful of stocks. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 Forward PE Ratio

Valuation – S&P 500 Forward PE Ratio The forward P/E ratio of the S&P 500 is 19.77 and remains at high level. The historical range is about 15.5 to 17. Image: Bianco Research

Valuation – S&P 500 Trailing PE

Valuation – S&P 500 Trailing PE After the fall of the Berlin Wall, globalization had a significant impact on various aspects of the global economy, including financial markets, as evidenced by the P/E ratios of the S&P 500 index. Image: Morgan Stanley Wealth Management

S&P 500 Index – Over/Under Valuation

S&P 500 Index – Over/Under Valuation S&P 500 valuation remains stretched. Should investors pay more attention to P/E ratios? Image: Real Investment Advice

Valuation – S&P 500 Operating Earnings Per Share

Valuation – S&P 500 Operating Earnings Per Share If companies are able to maintain their profit margins, the forward P/E ratio of the S&P 500 could fall to 20.1x by 4Q22. Image: J.P. Morgan Asset Management

S&P 500 Valuations

S&P 500 Valuations S&P 500 valuations are elevated, as the Shiller P/E and forward P/E ratios remain at high level. Image: Goldman Sachs Global Investment Research