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P&E
Commerce., plant and equipment.
Example Sentences
Among the three least expensive sectors based on current forward P/E, the financial sector may appear pricey, since it is trading at a 19% premium to its 10-year average P/E, but it is still the second-cheapest sector based on current P/E. On this basis, the financial sector trades at 71% of the valuation of the full S&P 500.
The second data column shows the current P/E valuations relative to 10-year average valuations, based on rolling stock prices and 12-month EPS estimates.
In fact, all sectors of the S&P 500 are trading at premium valuations to their 10-year average P/E, except for the energy and real-estate sectors, according to LSEG’s data.
The information-technology sector is the most expensive according to this comparison, trading at a 34% premium to its 10-year average forward P/E. The full S&P 500 is trading at a 21% premium to its 10-year average P/E valuation.
The healthcare sector trades just above its five-year average P/E and a modest 5% premium to its 10-year average P/E.
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