Forward PE Ratio

The table below shows stock market forward P/E ratios for US indices, giving a snapshot of market valuations.

In the United States, S&P 500 Real Estate, Information Technology, Consumer Discretionary have the highest forward P/E ratios, indicating they are trading at a premium. On the other end of the spectrum, S&P 500 Energy, Financials, Health Care show more attractive valuations with the lowest forward P/E ratios.

The percentile rank shows where forward P/E ratios stand within their 10-year historical ranges, with valuations categorized as:

0-20 Attractive
21-40 Undervalued
41-60 Fair Value
61-80 Overvalued
81-100 Expensive
See Trailing P/E Ratios
Index ↑ Forward P/E Ratio Percentile Rank (10Y) Valuation (10Y) Last Update
Nasdaq 100 27.4 86.7% Expensive Oct 24, 2025
S&P 500 23.08 87.5% Expensive Oct 24, 2025
S&P 500 Communication Services 21.46 84.2% Expensive Oct 24, 2025
S&P 500 Consumer Discretionary 29.28 73.3% Overvalued Oct 24, 2025
S&P 500 Consumer Staples 21.35 75.8% Overvalued Oct 24, 2025
S&P 500 Energy 15.55 51.7% Fair Value Oct 24, 2025
S&P 500 Financials 16.06 83.3% Expensive Oct 24, 2025
S&P 500 Health Care 17.65 8.3% Attractive Oct 24, 2025
S&P 500 Industrials 24.44 73.3% Overvalued Oct 24, 2025
S&P 500 Information Technology 30.5 88.3% Expensive Oct 24, 2025
S&P 500 Materials 19.13 54.2% Fair Value Oct 24, 2025
S&P 500 Real Estate 34.99 56.7% Fair Value Oct 24, 2025
S&P 500 Utilities 19.61 72.5% Overvalued Oct 24, 2025