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.

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Image: FactSet Research Systems Inc.

S&P 500 Forward 12-Month PE Ratio - 10 Years