Key points
NTM P/E of five US indices vs. 20-year range ｜ Now Nasdaq 100 20x, S&P 500 18x, Russell 2000 21x and S&P Midcap 400 just 14x
Image source: @MikeZaccardi
2026-11-09
US Equity Index Forward P/Es: S&P 500 at 18x, Midcap 400 at 14x
NTM P/E of five US indices vs. 20-year range ｜ Now Nasdaq 100 20x, S&P 500 18x, Russell 2000 21x and S&P Midcap 400 just 14x
Image source: @MikeZaccardi