S&P 500 Consumer Discretionary PE Ratio

The S&P 500 Consumer Discretionary currently trades at a current P/E ratio of 29.74 as of October 24, 2025.

Over the past five years, the median P/E has been 26.59, putting today's valuation in the 83.3th percentile of that range. Looking at the longer 10-year period, where the median sits at 23.16, the current reading ranks in the 85.8th percentile - a level historically associated with Expensive pricing. The 20-year median of 18.32 provides additional context, with the current ratio in the 92.9th percentile of that extended timeframe.

Since March 1996, the S&P 500 Consumer Discretionary has recorded a median P/E ratio of 18.53 over 30 years. Against this full historical backdrop, the current valuation sits in the 95.2th 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 current P/E Ratio (29.74) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	27.05	100	Expensive
5 Year	26.59	83.3	Expensive
10 Year	23.16	85.8	Expensive
20 Year	18.32	92.9	Expensive
Since Mar 1996	18.53	95.2	Expensive

Forward 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 29.74 (85.8th 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 (1996-2025)

Date	Current PE Ratio
Oct 2025	29.74
Sep 2025	29.30
Aug 2025	29.60
Jul 2025	26.55
Jun 2025	26.05
May 2025	26.55
Apr 2025	27.16
Mar 2025	25.07
Feb 2025	27.46
Jan 2025	28.22
Dec 2024	26.94
Nov 2024	26.39
Oct 2024	26.16
Sep 2024	26.13
Aug 2024	27.67
Jul 2024	24.64
Jun 2024	25.19
May 2024	24.34
Apr 2024	26.64
Mar 2024	27.11
Feb 2024	25.69
Jan 2024	25.88
Dec 2023	25.89
Nov 2023	24.87
Oct 2023	24.54
Sep 2023	26.12
Aug 2023	27.89
Jul 2023	29.15
Jun 2023	28.19
May 2023	27.11
Apr 2023	23.20
Mar 2023	23.41
Feb 2023	25.80
Jan 2023	23.27
Dec 2022	20.72
Nov 2022	21.42
Oct 2022	21.73
Sep 2022	23.13
Aug 2022	26.14
Jul 2022	22.55
Jun 2022	21.59
May 2022	22.17
Apr 2022	23.41
Mar 2022	26.83
Feb 2022	25.29
Jan 2022	27.32
Dec 2021	29.05
Nov 2021	30.65
Oct 2021	31.93
Sep 2021	28.35
Aug 2021	28.74
Jul 2021	29.32
Jun 2021	30.14
May 2021	30.71
Apr 2021	31.54
Mar 2021	33.15
Feb 2021	32.47
Jan 2021	36.06
Dec 2020	35.39
Nov 2020	30.90
Oct 2020	33.32
Sep 2020	33.32
Aug 2020	35.31
Jul 2020	35.86
Jun 2020	37.70
May 2020	37.70
Apr 2020	34.32
Mar 2020	22.68
Feb 2020	23.07
Jan 2020	21.85
Dec 2019	21.39
Nov 2019	21.39
Oct 2019	21.07
Sep 2019	20.52
Aug 2019	21.16
Jul 2019	21.16
Jun 2019	19.95
May 2019	19.95
Apr 2019	21.06
Mar 2019	19.96
Feb 2019	19.39
Jan 2019	19.39
Dec 2018	18.03
Nov 2018	19.15
Oct 2018	20.32
Sep 2018	21.70
Aug 2018	20.62
Jul 2018	20.62
Jun 2018	20.31
May 2018	19.58
Apr 2018	19.24
Mar 2018	19.85
Feb 2018	19.85
Jan 2018	21.30
Dec 2017	20.26
Nov 2017	20.26
Oct 2017	19.19
Sep 2017	19.19
Aug 2017	19.16
Jul 2017	19.16
Jun 2017	19.12
May 2017	19.12
Apr 2017	18.98
Mar 2017	18.98
Feb 2017	18.52
Jan 2017	18.52
Dec 2016	18.04
Nov 2016	18.04
Oct 2016	17.24
Sep 2016	17.36
Aug 2016	17.36
Jul 2016	17
Jun 2016	17
May 2016	17
Apr 2016	17.43
Mar 2016	17.43
Feb 2016	16.04
Jan 2016	16.04
Dec 2015	17.88
Nov 2015	18.32
Oct 2015	17.27
Sep 2015	17.27
Aug 2015	18.53
Jul 2015	18.53
Jun 2015	18.63
May 2015	18.63
Apr 2015	18.74
Mar 2015	18.74
Feb 2015	18.43
Jan 2015	17.66
Dec 2014	17.66
Nov 2014	16.15
Oct 2014	16.15
Sep 2014	17.39
Aug 2014	17.39
Jul 2014	17.34
Jun 2014	17.05
May 2014	17.05
Apr 2014	17.05
Mar 2014	17.63
Feb 2014	17.23
Jan 2014	17.74
Dec 2013	17.74
Nov 2013	17.49
Oct 2013	16.76
Sep 2013	16.76
Aug 2013	16.64
Jul 2013	16.64
Jun 2013	16.48
May 2013	16.48
Apr 2013	15.99
Mar 2013	15.99
Feb 2013	15.42
Jan 2013	15.42
Dec 2012	14.62
Nov 2012	14.62
Oct 2012	14.84
Sep 2012	14.84
Aug 2012	14.53
Jul 2012	13.93
Jun 2012	14.07
May 2012	14.07
Apr 2012	14.68
Mar 2012	14.89
Feb 2012	14.35
Jan 2012	14.35
Dec 2011	13.42
Nov 2011	13.10
Oct 2011	13.10
Sep 2011	12.48
Aug 2011	12.38
Jul 2011	13.46
Jun 2011	13.90
May 2011	14.41
Apr 2011	14.41
Mar 2011	14.41
Feb 2011	14.54
Jan 2011	14.39
Dec 2010	14.39
Nov 2010	14.39
Oct 2010	13.94
Sep 2010	13.22
Aug 2010	12.79
Jul 2010	12.79
Jun 2010	13.85
May 2010	13.85
Apr 2010	15.70
Mar 2010	15.28
Feb 2010	14.60
Jan 2010	15.56
Dec 2009	15.56
Nov 2009	16.68
Oct 2009	16.68
Sep 2009	16.75
Aug 2009	16.75
Jul 2009	16.44
Jun 2009	16.44
May 2009	17
Apr 2009	26.64
Mar 2009	23.46
Feb 2009	21.55
Jan 2009	18.41
Dec 2008	17.59
Nov 2008	14.56
Oct 2008	12.51
Sep 2008	16.58
Aug 2008	16.58
Jul 2008	14.41
Jun 2008	15.56
May 2008	15.56
Apr 2008	14.63
Mar 2008	14.63
Feb 2008	14.66
Jan 2008	14.66
Dec 2007	15.20
Nov 2007	15.20
Oct 2007	16.71
Sep 2007	16.30
Aug 2007	16.30
Jul 2007	17.54
Jun 2007	18.20
May 2007	18.41
Apr 2007	18.05
Mar 2007	18.05
Feb 2007	18.79
Jan 2007	18.79
Dec 2006	18.33
Nov 2006	17.76
Oct 2006	17.15
Sep 2006	16.52
Aug 2006	15.08
Jul 2006	15.37
Jun 2006	15.37
May 2006	16.08
Apr 2006	16.08
Mar 2006	16.30
Feb 2006	16.47
Jan 2006	16.47
Dec 2005	16.06
Nov 2005	16.06
Oct 2005	16.24
Sep 2005	16.91
Aug 2005	17.44
Jul 2005	17.81
Jun 2005	17.69
May 2005	17.69
Apr 2005	17.97
Mar 2005	17.97
Feb 2005	18.66
Jan 2005	18.42
Dec 2004	18
Nov 2004	18
Oct 2004	16.79
Sep 2004	16.35
Aug 2004	16.47
Jul 2004	17.04
Jun 2004	17.04
May 2004	17.64
Apr 2004	17.64
Mar 2004	18.74
Feb 2004	19.48
Jan 2004	19.48
Dec 2003	19.09
Nov 2003	19.30
Oct 2003	19.30
Sep 2003	19.19
Aug 2003	19.33
Jul 2003	19.33
Jun 2003	19.33
May 2003	18.64
Apr 2003	18.27
Mar 2003	17.66
Feb 2003	16.89
Jan 2003	18.25
Dec 2002	17.31
Nov 2002	17.31
Oct 2002	17.35
Sep 2002	17.35
Aug 2002	17.32
Jul 2002	18.07
Jun 2002	19.36
May 2002	21.75
Apr 2002	23.65
Mar 2002	24.36
Feb 2002	25.65
Jan 2002	26.83
Dec 2001	27.88
Nov 2001	27.39
Oct 2001	25.87
Sep 2001	20.16
Aug 2001	24.49
Jul 2001	25.07
Jun 2001	25.88
May 2001	25.88
Apr 2001	25.27
Mar 2001	22.61
Feb 2001	24.72
Jan 2001	25.35
Dec 2000	23.09
Nov 2000	20.17
Oct 2000	18.65
Sep 2000	20.86
Aug 2000	20.70
Jul 2000	21.35
Jun 2000	21.35
May 2000	21.84
Apr 2000	22.50
Mar 2000	21.48
Feb 2000	21.48
Jan 2000	22.83
Dec 1999	24.17
Nov 1999	23.53
Oct 1999	22.88
Sep 1999	22.11
Aug 1999	23.15
Jul 1999	23.96
Jun 1999	24.26
May 1999	24.26
Apr 1999	25.52
Mar 1999	24.49
Feb 1999	24.49
Jan 1999	23.52
Dec 1998	22.60
Nov 1998	21.20
Oct 1998	18.20
Sep 1998	19.99
Aug 1998	20.76
Jul 1998	22.54
Jun 1998	21.14
May 1998	20.81
Apr 1998	20.81
Mar 1998	20.18
Feb 1998	19.60
Jan 1998	21.92
Dec 1997	17.83
Nov 1997	17.41
Oct 1997	17.30
Sep 1997	17.30
Aug 1997	16.74
Jul 1997	16.28
Jun 1997	16.28
May 1997	15.66
Apr 1997	15.16
Mar 1997	15.16
Feb 1997	14.91
Jan 1997	14.91
Dec 1996	14.70
Nov 1996	14.82
Oct 1996	14.82
Sep 1996	14.30
Aug 1996	14.30
Jul 1996	14.57
Jun 1996	15.44
May 1996	15.24
Apr 1996	15.24
Mar 1996	15.24

Sector Comparison

The table below shows a comparison of the current P/E Ratio (29.74) with other sectors.

Sector	PE Ratio	Percentile Rank	Rating
S&P 500 Consumer Staples	22.25	75	Overvalued
S&P 500 Health Care	24.51	80.80	Expensive
S&P 500 Industrials	26.90	97.50	Expensive
S&P 500 Information Technology	40.44	99.20	Expensive
S&P 500 Materials	26.32	98.30	Expensive
S&P 500 Real Estate	35.48	35	Undervalued
S&P 500 Communication Services	19.84	64.20	Overvalued
S&P 500 Utilities	22.47	98.30	Expensive
S&P 500 Financials	19.32	99.20	Expensive
S&P 500 Energy	16.98	58.30	Fair Value

Definition: Trailing P/E Ratio

The trailing P/E ratio for S&P 500 Consumer Discretionary shows how much investors are paying for one unit of the index's past 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 trailing P/E, the EPS_i values are the actual earnings from the past 12 months.