Key points
S&P 500 forward P/E ratio, 1996-2026 ｜ Now 17.7x, close to the 30-year average of 17.2x, but CAPE at 38.9x is above its 28.9x average
Image source: @MikeZaccardi
2026-11-08
S&P 500 Forward P/E Eases to 17.7x, Near Its 30-Year Average, While CAPE Stays High