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2026-11-08

Technology Forward P/E Falls to 17x, Below Its 5-Year Average of 25.2x

Technology Forward P/E Falls to 17x, Below Its 5-Year Average of 25.2x

Key points

Technology sector forward P/E, since early 2025 | Now 17.0x, below the 5-year (25.2x) and 10-year (23.0x) averages and down about 15 turns from the October 2025 peak

Image source: @MikeZaccardi