Key points
Semis forward P/E ÷ S&P 500 forward P/E, 2010-2026 ｜ Ratio at 0.87, a 13% discount vs the -12% long-run average
Image source: @dailychartbook
2026-09-23
Semiconductors Trade at a 13% Forward-P/E Discount to the S&P 500, Cheapest in Over Four Years