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

There is little evidence of risk appetite fading. The Nasdaq 100 and Russell 2000 both trade at 26 times forward earnings, with the S&P 500 at 21. Multiples are elevated, but the bid for equities is still there.

Image: Goldman Sachs Global Investment Research

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