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2026-11-08

S&P 500 Forward 12-Month P/E Falls to 17.7x, the Lowest in More Than 3 Years

S&P 500 Forward 12-Month P/E Falls to 17.7x, the Lowest in More Than 3 Years

Key points

S&P 500 forward 12-month P/E ratio, last 10 years | Now 17.7x, below the 5-year average of about 19.8x and the 10-year average of about 19x, a 3-year-plus low

Image source: @C_Barraud