S&P 500 Energy Forward PE Ratio

The S&P 500 Energy currently trades at a forward P/E ratio of 15.38 as of October 24, 2025.

Over the past five years, the median forward P/E has been 12.39, putting today's valuation in the 68.3th percentile of that range. Looking at the longer 10-year period, where the median sits at 15.12, the current reading ranks close to the median - a level historically associated with Fair Value pricing.

Since June 2009, the S&P 500 Energy has recorded a median forward P/E ratio of 12.86 over 16 years. Against this full historical backdrop, the current valuation sits in the 65.5th 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 (15.38) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	16.06	25	Undervalued
5 Year	12.39	68.3	Overvalued
10 Year	15.12	50.8	Fair Value
Since Jun 2009	12.86	65.5	Overvalued

Trailing P/E for S&P 500 Energy

Returns vs P/E Ratio

Over the past decade, the PE fell from 27.2 (96.5th percentile) to 15.38 (50.8th percentile). Annualized total return over this period was 2.9%. Percentile rank indicates position within the historical distribution. At fair value, outcomes have historically varied; near-term paths can be mixed while longer-horizon returns tend to cluster around historical averages.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	11.9	36.7	-2.6%	-2.6%
3 Year	9.4	14.4	+0.6%	+0.2%
5 Year	29.24	89.3	+191.8%	+23.9%
10 Year	27.19	96.5	+33.7%	+2.9%

Historical Data (2009-2025)

Date	Forward PE Ratio
Oct 2025	15.38
Sep 2025	16.18
Aug 2025	16.26
Jul 2025	15.80
Jun 2025	15.56
May 2025	14.86
Apr 2025	14.81
Mar 2025	17.62
Feb 2025	16.98
Jan 2025	16.44
Dec 2024	15.93
Nov 2024	17.61
Oct 2024	16.57
Sep 2024	16.13
Aug 2024	16.59
Jul 2024	16.99
Jun 2024	15.98
May 2024	16.20
Apr 2024	16.36
Mar 2024	15.45
Feb 2024	13.99
Jan 2024	13.64
Dec 2023	13.09
Nov 2023	13.12
Oct 2023	13.33
Sep 2023	13.01
Aug 2023	12.69
Jul 2023	12.53
Jun 2023	11.66
May 2023	10.95
Apr 2023	12.25
Mar 2023	10.98
Feb 2023	11.04
Jan 2023	11.95
Dec 2022	10.45
Nov 2022	10.79
Oct 2022	10.72
Sep 2022	7.54
Aug 2022	8.35
Jul 2022	8.17
Jun 2022	6.31
May 2022	7.60
Apr 2022	6.61
Mar 2022	6.93
Feb 2022	6.37
Jan 2022	5.99
Dec 2021	5.46
Nov 2021	5.30
Oct 2021	5.63
Sep 2021	6.32
Aug 2021	5.79
Jul 2021	5.96
Jun 2021	9.61
May 2021	9.20
Apr 2021	8.77
Mar 2021	11.75
Feb 2021	11.45
Jan 2021	9.42
Dec 2020	28.16
Nov 2020	27
Oct 2020	21.34
Sep 2020	-202.49
Aug 2020	-237.21
Jul 2020	-242.19
Jun 2020	-18.80
May 2020	-19.07
Apr 2020	-18.94
Mar 2020	-8
Feb 2020	-12.30
Jan 2020	-14.52
Dec 2019	-24.25
Nov 2019	-22.91
Oct 2019	-22.66
Sep 2019	-40.98
Aug 2019	-39.57
Jul 2019	-43.35
Jun 2019	146.42
May 2019	134.25
Apr 2019	152.05
Mar 2019	30.05
Feb 2019	29.47
Jan 2019	28.91
Dec 2018	16.86
Nov 2018	19.34
Oct 2018	19.77
Sep 2018	20.62
Aug 2018	20.13
Jul 2018	20.92
Jun 2018	19.77
May 2018	19.65
Apr 2018	19.17
Mar 2018	16.08
Feb 2018	15.83
Jan 2018	17.86
Dec 2017	21.66
Nov 2017	20.68
Oct 2017	20.43
Sep 2017	25.52
Aug 2017	23.25
Jul 2017	24.65
Jun 2017	30.06
May 2017	30.14
Apr 2017	31.38
Mar 2017	38.21
Feb 2017	38.64
Jan 2017	39.72
Dec 2016	50.87
Nov 2016	49.97
Oct 2016	46.32
Sep 2016	64.99
Aug 2016	63.13
Jul 2016	62.73
Jun 2016	163.30
May 2016	158.25
Apr 2016	160.13
Mar 2016	-130.91
Feb 2016	-119.90
Jan 2016	-123.05
Dec 2015	-36.62
Nov 2015	-40.68
Oct 2015	-41
Sep 2015	-25.50
Aug 2015	-27.35
Jul 2015	-28.70
Jun 2015	-34.16
May 2015	-35.42
Apr 2015	-37.37
Mar 2015	-40.77
Feb 2015	-41.62
Jan 2015	-40.21
Dec 2014	471.18
Nov 2014	469.57
Oct 2014	515.14
Sep 2014	35.67
Aug 2014	38.62
Jul 2014	37.93
Jun 2014	23.37
May 2014	22.27
Apr 2014	22.04
Mar 2014	15.02
Feb 2014	14.69
Jan 2014	14.05
Dec 2013	14.11
Nov 2013	13.70
Oct 2013	13.63
Sep 2013	13.80
Aug 2013	13.57
Jul 2013	13.85
Jun 2013	13.33
May 2013	13.62
Apr 2013	13.34
Mar 2013	13.62
Feb 2013	13.38
Jan 2013	13.38
Dec 2012	12.14
Nov 2012	12.08
Oct 2012	12.30
Sep 2012	12.59
Aug 2012	12.19
Jul 2012	11.96
Jun 2012	11.31
May 2012	10.71
Apr 2012	11.98
Mar 2012	12.01
Feb 2012	12.43
Jan 2012	11.78
Dec 2011	11.72
Nov 2011	11.85
Oct 2011	11.65
Sep 2011	9.14
Aug 2011	10.45
Jul 2011	11.62
Jun 2011	11.36
May 2011	11.59
Apr 2011	12.14
Mar 2011	12.15
Feb 2011	11.97
Jan 2011	11.21
Dec 2010	10.65
Nov 2010	9.78
Oct 2010	9.30
Sep 2010	10.03
Aug 2010	9.19
Jul 2010	9.65
Jun 2010	9.81
May 2010	10.42
Apr 2010	11.81
Mar 2010	12.08
Feb 2010	11.74
Jan 2010	11.52
Dec 2009	13.10
Nov 2009	13.23
Oct 2009	12.87
Sep 2009	13.50
Aug 2009	12.90
Jul 2009	12.86
Jun 2009	14.63

Sector Comparison

The table below shows a comparison of the forward P/E Ratio (15.38) with other sectors.

Sector	PE Ratio	Percentile Rank	Rating
S&P 500 Consumer Discretionary	29.13	72.50	Overvalued
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

Definition: Forward P/E Ratio

The forward P/E ratio for S&P 500 Energy 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.