S&P 500 Forward P/E: 18x Aggregate vs 16x Equal-Weight, Gap Narrows to ~2 Turns

Key points

S&P 500 consensus forward 12-month P/E, 1990-2026 ｜ Aggregate index now about 18x vs 16x equal-weight, a gap that has narrowed to roughly 2 turns from over 5 a year ago

Image source: @MikeZaccardi