S&P 500 Energy PE Ratio

The S&P 500 Energy currently trades at a current P/E ratio of 16.98 as of October 24, 2025.

Over the past five years, the median P/E has been 11.97, putting today's valuation in the 86.7th percentile of that range. Looking at the longer 10-year period, where the median sits at 15.48, the current reading ranks close to the median - a level historically associated with Fair Value pricing. The 20-year median of 12.43 provides additional context, with the current ratio in the 74.6th percentile of that extended timeframe.

Since June 1996, the S&P 500 Energy has recorded a median P/E ratio of 14.4 over 29 years. Against this full historical backdrop, the current valuation sits in the 67.4th 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 (16.98) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	15.07	91.7	Expensive
5 Year	11.97	86.7	Expensive
10 Year	15.48	58.3	Fair Value
20 Year	12.43	74.6	Overvalued
Since Jun 1996	14.4	67.4	Overvalued

Forward 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 16.98 (58.3th 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 (1996-2025)

Date	Current PE Ratio
Oct 2025	16.98
Sep 2025	17.42
Aug 2025	16.94
Jul 2025	15.28
Jun 2025	14.86
May 2025	14.28
Apr 2025	16.48
Mar 2025	16.70
Feb 2025	14.57
Jan 2025	13.69
Dec 2024	14.59
Nov 2024	13.39
Oct 2024	11.90
Sep 2024	13.29
Aug 2024	13.65
Jul 2024	13.17
Jun 2024	13.30
May 2024	13.19
Apr 2024	12.17
Mar 2024	12.04
Feb 2024	10.45
Jan 2024	10.22
Dec 2023	10.15
Nov 2023	9.70
Oct 2023	9.14
Sep 2023	9.13
Aug 2023	8.59
Jul 2023	7.64
Jun 2023	6.49
May 2023	7.38
Apr 2023	7.59
Mar 2023	7.23
Feb 2023	8.16
Jan 2023	10.18
Dec 2022	9.63
Nov 2022	10.26
Oct 2022	9.40
Sep 2022	7.75
Aug 2022	7.83
Jul 2022	7.83
Jun 2022	10.09
May 2022	9.53
Apr 2022	10.70
Mar 2022	11.12
Feb 2022	11.37
Jan 2022	11.37
Dec 2021	10.71
Nov 2021	10.33
Oct 2021	11.77
Sep 2021	12.36
Aug 2021	12.36
Jul 2021	13.68
Jun 2021	15.44
May 2021	17.54
Apr 2021	18.17
Mar 2021	19.28
Feb 2021	23.83
Jan 2021	32.64
Dec 2020	32.64
Nov 2020	32.64
Oct 2020	29.24
Sep 2020	31.19
Aug 2020	35.87
Jul 2020	43.62
Jun 2020	44.48
May 2020	44.48
Apr 2020	44.48
Mar 2020	44.48
Feb 2020	14.46
Jan 2020	15.77
Dec 2019	16.83
Nov 2019	14.40
Oct 2019	14.40
Sep 2019	14.40
Aug 2019	14.40
Jul 2019	15.40
Jun 2019	15.16
May 2019	14.12
Apr 2019	15.55
Mar 2019	17.12
Feb 2019	17.12
Jan 2019	15.52
Dec 2018	13.30
Nov 2018	13.09
Oct 2018	13.44
Sep 2018	15.10
Aug 2018	16.18
Jul 2018	16.92
Jun 2018	17.59
May 2018	17.59
Apr 2018	19.50
Mar 2018	18.56
Feb 2018	18.97
Jan 2018	19.47
Dec 2017	24.46
Nov 2017	24.90
Oct 2017	25.70
Sep 2017	28.18
Aug 2017	27.76
Jul 2017	27.76
Jun 2017	24.66
May 2017	24.16
Apr 2017	26.41
Mar 2017	26.50
Feb 2017	27.48
Jan 2017	28.06
Dec 2016	30.84
Nov 2016	31.92
Oct 2016	31.05
Sep 2016	34.46
Aug 2016	35.29
Jul 2016	38.35
Jun 2016	40.33
May 2016	43.71
Apr 2016	44.49
Mar 2016	44.49
Feb 2016	44.49
Jan 2016	41.90
Dec 2015	35.22
Nov 2015	26.02
Oct 2015	27.19
Sep 2015	26.46
Aug 2015	23.88
Jul 2015	22.08
Jun 2015	22.86
May 2015	24.39
Apr 2015	28.29
Mar 2015	26.51
Feb 2015	26.66
Jan 2015	23.97
Dec 2014	17.55
Nov 2014	14.42
Oct 2014	13.15
Sep 2014	13.15
Aug 2014	13.83
Jul 2014	14.15
Jun 2014	14.15
May 2014	13.74
Apr 2014	13.74
Mar 2014	13.09
Feb 2014	12.63
Jan 2014	12.21
Dec 2013	12.55
Nov 2013	12.25
Oct 2013	12.25
Sep 2013	12.07
Aug 2013	12.07
Jul 2013	11.75
Jun 2013	11.75
May 2013	11.16
Apr 2013	11.16
Mar 2013	11.72
Feb 2013	11.72
Jan 2013	11.25
Dec 2012	10.82
Nov 2012	10.82
Oct 2012	11.05
Sep 2012	11.09
Aug 2012	11.09
Jul 2012	9.78
Jun 2012	9.58
May 2012	9.92
Apr 2012	9.92
Mar 2012	10.34
Feb 2012	10.61
Jan 2012	10.02
Dec 2011	9.88
Nov 2011	9.88
Oct 2011	8.51
Sep 2011	8.62
Aug 2011	8.99
Jul 2011	10.47
Jun 2011	10.37
May 2011	10.61
Apr 2011	12.44
Mar 2011	11.80
Feb 2011	12.64
Jan 2011	12.43
Dec 2010	12.43
Nov 2010	11.88
Oct 2010	11.40
Sep 2010	10.74
Aug 2010	9.76
Jul 2010	9.69
Jun 2010	10.10
May 2010	10.61
Apr 2010	11.98
Mar 2010	11.69
Feb 2010	11.90
Jan 2010	12.58
Dec 2009	12.58
Nov 2009	13.22
Oct 2009	13.84
Sep 2009	13.22
Aug 2009	12.67
Jul 2009	11.91
Jun 2009	14.51
May 2009	14.51
Apr 2009	13.31
Mar 2009	11.61
Feb 2009	11.61
Jan 2009	10.83
Dec 2008	10.08
Nov 2008	7.95
Oct 2008	6.15
Sep 2008	7.59
Aug 2008	8.14
Jul 2008	8.50
Jun 2008	9.11
May 2008	10.50
Apr 2008	10.28
Mar 2008	10.28
Feb 2008	10
Jan 2008	11.90
Dec 2007	11.90
Nov 2007	11.52
Oct 2007	12.03
Sep 2007	10.93
Aug 2007	10.93
Jul 2007	11.80
Jun 2007	11.80
May 2007	11.49
Apr 2007	11.49
Mar 2007	10.68
Feb 2007	10.68
Jan 2007	10.34
Dec 2006	10.34
Nov 2006	9.91
Oct 2006	8.77
Sep 2006	8.77
Aug 2006	9.71
Jul 2006	9.25
Jun 2006	9.25
May 2006	10.25
Apr 2006	10.25
Mar 2006	9.70
Feb 2006	10.16
Jan 2006	10
Dec 2005	9.35
Nov 2005	9.35
Oct 2005	10.40
Sep 2005	11
Aug 2005	11.46
Jul 2005	12.02
Jun 2005	11.26
May 2005	11.26
Apr 2005	12.33
Mar 2005	13.50
Feb 2005	13.07
Jan 2005	13.07
Dec 2004	12.98
Nov 2004	12.98
Oct 2004	13.38
Sep 2004	13.38
Aug 2004	13.58
Jul 2004	14.12
Jun 2004	14.30
May 2004	14.74
Apr 2004	15.24
Mar 2004	16.28
Feb 2004	16.60
Jan 2004	16.60
Dec 2003	16.07
Nov 2003	15.39
Oct 2003	15.05
Sep 2003	15.05
Aug 2003	14.60
Jul 2003	14.92
Jun 2003	14.74
May 2003	14.15
Apr 2003	14.15
Mar 2003	14.92
Feb 2003	14.92
Jan 2003	15.97
Dec 2002	15.65
Nov 2002	15.85
Oct 2002	15.85
Sep 2002	16.16
Aug 2002	16.16
Jul 2002	17.27
Jun 2002	18.03
May 2002	18.78
Apr 2002	20.42
Mar 2002	21.20
Feb 2002	20.09
Jan 2002	18.32
Dec 2001	17.82
Nov 2001	16.31
Oct 2001	15.65
Sep 2001	14.25
Aug 2001	14.37
Jul 2001	15.67
Jun 2001	18.92
May 2001	15.97
Apr 2001	15.97
Mar 2001	16.11
Feb 2001	16.11
Jan 2001	16.48
Dec 2000	16.48
Nov 2000	17.44
Oct 2000	18
Sep 2000	18
Aug 2000	17.86
Jul 2000	17.48
Jun 2000	18.94
May 2000	19.23
Apr 2000	19.23
Mar 2000	19.75
Feb 2000	20.52
Jan 2000	22.56
Dec 1999	22.56
Nov 1999	23.20
Oct 1999	23.20
Sep 1999	24.86
Aug 1999	26.54
Jul 1999	28.20
Jun 1999	28.63
May 1999	28.20
Apr 1999	27.67
Mar 1999	27.05
Feb 1999	24.27
Jan 1999	23.60
Dec 1998	23.60
Nov 1998	22.29
Oct 1998	21.22
Sep 1998	20.71
Aug 1998	20.39
Jul 1998	20.39
Jun 1998	20.93
May 1998	20.93
Apr 1998	20.02
Mar 1998	20.02
Feb 1998	18.19
Jan 1998	17.55
Dec 1997	18.47
Nov 1997	18.47
Oct 1997	19.66
Sep 1997	19.49
Aug 1997	18.98
Jul 1997	18.78
Jun 1997	18.10
May 1997	18.10
Apr 1997	16.54
Mar 1997	16.80
Feb 1997	17.29
Jan 1997	17.29
Dec 1996	16.83
Nov 1996	16.49
Oct 1996	15.93
Sep 1996	15.93
Aug 1996	15.49
Jul 1996	15.85
Jun 1996	15.85

Sector Comparison

The table below shows a comparison of the current P/E Ratio (16.98) with other sectors.

Sector	PE Ratio	Percentile Rank	Rating
S&P 500 Consumer Discretionary	29.74	85.80	Expensive
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

Definition: Trailing P/E Ratio

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