S&P 500 Consumer Discretionary Forward PE Ratio

The S&P 500 Consumer Discretionary currently trades at a forward P/E ratio of 29.13 as of October 24, 2025.

Over the past five years, the median forward P/E has been 27.63, putting today's valuation in the 61.7th percentile of that range. Looking at the longer 10-year period, where the median sits at 24.64, the current reading ranks in the 72.5th percentile - a level historically associated with Overvalued pricing.

Since May 2009, the S&P 500 Consumer Discretionary has recorded a median forward P/E ratio of 19.45 over 16 years. Against this full historical backdrop, the current valuation sits in the 83.3th percentile of all recorded readings, indicating that the market is trading well above its long-term median.

Historical P/E Comparison

The table below compares the forward P/E Ratio (29.13) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	29.22	50	Fair Value
5 Year	27.63	61.7	Overvalued
10 Year	24.64	72.5	Overvalued
Since May 2009	19.45	83.3	Expensive

Trailing P/E for S&P 500 Consumer Discretionary

Returns vs P/E Ratio

Over the past decade, the PE rose from 17.3 (53.2th percentile) to 29.13 (72.5th percentile). Annualized total return over this period was 11.7%. Percentile rank indicates position within the historical distribution. Elevated valuations do not necessarily imply immediate low returns; markets can remain richly valued for extended periods, but this warrants caution for longer-horizon return assumptions.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	26.16	85.8	+20.4%	+20.4%
3 Year	21.73	75.9	+68.9%	+19.1%
5 Year	33.32	98.6	+53.6%	+9%
10 Year	17.27	53.2	+202.3%	+11.7%

Historical Data (2009-2025)

Date	Forward PE Ratio
Oct 2025	29.13
Sep 2025	30.40
Aug 2025	29.48
Jul 2025	28.52
Jun 2025	28.70
May 2025	28.11
Apr 2025	25.70
Mar 2025	26.66
Feb 2025	29.30
Jan 2025	32.35
Dec 2024	30.18
Nov 2024	29.49
Oct 2024	26.04
Sep 2024	26.42
Aug 2024	24.69
Jul 2024	24.96
Jun 2024	24.49
May 2024	23.36
Apr 2024	23.32
Mar 2024	24.34
Feb 2024	24.34
Jan 2024	22.41
Dec 2023	25.22
Nov 2023	23.78
Oct 2023	21.47
Sep 2023	22.81
Aug 2023	24.27
Jul 2023	24.59
Jun 2023	24.84
May 2023	22.18
Apr 2023	21.51
Mar 2023	22.65
Feb 2023	21.99
Jan 2023	22.50
Dec 2022	20.26
Nov 2022	22.84
Oct 2022	22.66
Sep 2022	24.96
Aug 2022	27.16
Jul 2022	28.50
Jun 2022	26.77
May 2022	30.05
Apr 2022	31.60
Mar 2022	40.24
Feb 2022	38.39
Jan 2022	40.01
Dec 2021	40.54
Nov 2021	40.66
Oct 2021	39.91
Sep 2021	36.61
Aug 2021	37.60
Jul 2021	36.84
Jun 2021	34.40
May 2021	33.16
Apr 2021	34.50
Mar 2021	29.22
Feb 2021	28.20
Jan 2021	28.49
Dec 2020	31.63
Nov 2020	30.87
Oct 2020	28.46
Sep 2020	28.46
Aug 2020	29.55
Jul 2020	27
Jun 2020	29.98
May 2020	28.58
Apr 2020	27.26
Mar 2020	27.67
Feb 2020	31.95
Jan 2020	34.61
Dec 2019	33.28
Nov 2019	32.42
Oct 2019	32.06
Sep 2019	32.98
Aug 2019	32.74
Jul 2019	33.22
Jun 2019	27.20
May 2019	25.27
Apr 2019	27.39
Mar 2019	22.54
Feb 2019	21.68
Jan 2019	21.54
Dec 2018	19.55
Nov 2018	21.35
Oct 2018	20.81
Sep 2018	23.48
Aug 2018	23.25
Jul 2018	22.15
Jun 2018	21.60
May 2018	20.87
Apr 2018	20.49
Mar 2018	19.99
Feb 2018	20.50
Jan 2018	21.25
Dec 2017	19.48
Nov 2017	19.05
Oct 2017	18.16
Sep 2017	18.56
Aug 2017	18.42
Jul 2017	18.79
Jun 2017	19.36
May 2017	19.62
Apr 2017	19.43
Mar 2017	19.61
Feb 2017	19.25
Jan 2017	18.90
Dec 2016	18.74
Nov 2016	18.76
Oct 2016	17.95
Sep 2016	18.57
Aug 2016	18.65
Jul 2016	18.92
Jun 2016	18.20
May 2016	18.44
Apr 2016	18.44
Mar 2016	18.63
Feb 2016	17.49
Jan 2016	17.45
Dec 2015	18.50
Nov 2015	19.06
Oct 2015	19.13
Sep 2015	17.80
Aug 2015	17.94
Jul 2015	19.20
Jun 2015	18.89
May 2015	18.80
Apr 2015	18.58
Mar 2015	19.39
Feb 2015	19.51
Jan 2015	17.99
Dec 2014	18.97
Nov 2014	18.83
Oct 2014	17.88
Sep 2014	18.24
Aug 2014	18.79
Jul 2014	18.01
Jun 2014	18.69
May 2014	18.35
Apr 2014	17.87
Mar 2014	18.29
Feb 2014	18.84
Jan 2014	17.76
Dec 2013	19.60
Nov 2013	19.20
Oct 2013	18.58
Sep 2013	18.01
Aug 2013	17.11
Jul 2013	17.64
Jun 2013	17.16
May 2013	17.04
Apr 2013	16.60
Mar 2013	16.51
Feb 2013	15.76
Jan 2013	15.61
Dec 2012	14.99
Nov 2012	14.95
Oct 2012	14.52
Sep 2012	15.25
Aug 2012	14.79
Jul 2012	14.20
Jun 2012	14.90
May 2012	14.64
Apr 2012	15.55
Mar 2012	15.80
Feb 2012	15.13
Jan 2012	14.48
Dec 2011	14.15
Nov 2011	14.01
Oct 2011	14.13
Sep 2011	12.97
Aug 2011	13.94
Jul 2011	14.74
Jun 2011	14.91
May 2011	14.95
Apr 2011	15.02
Mar 2011	14.63
Feb 2011	14.72
Jan 2011	13.92
Dec 2010	14.38
Nov 2010	13.83
Oct 2010	13.51
Sep 2010	13.32
Aug 2010	12
Jul 2010	12.51
Jun 2010	12.07
May 2010	13.38
Apr 2010	14.41
Mar 2010	14.03
Feb 2010	13.03
Jan 2010	12.37
Dec 2009	13.28
Nov 2009	12.73
Oct 2009	11.93
Sep 2009	12.93
Aug 2009	12.29
Jul 2009	11.90
Jun 2009	12.26
May 2009	12.22

Sector Comparison

The table below shows a comparison of the forward P/E Ratio (29.13) with other sectors.

Sector	PE Ratio	Percentile Rank	Rating
S&P 500 Consumer Staples	21.28	75.80	Overvalued
S&P 500 Health Care	17.59	7.50	Attractive
S&P 500 Industrials	24.30	72.50	Overvalued
S&P 500 Information Technology	30.61	88.30	Expensive
S&P 500 Materials	19.05	54.20	Fair Value
S&P 500 Real Estate	34.87	55	Fair Value
S&P 500 Communication Services	21.43	84.20	Expensive
S&P 500 Utilities	19.68	74.20	Overvalued
S&P 500 Financials	16.05	83.30	Expensive
S&P 500 Energy	15.38	50.80	Fair Value

Definition: Forward P/E Ratio

The forward P/E ratio for S&P 500 Consumer Discretionary shows how much investors are paying for one unit of the index's expected earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For forward P/E, the EPS_i values are forecasted for the next 12 months.