Highest forward 12-Month P/E Ratio for S&P 500 since 2004

Highest forward 12-Month P/E Ratio for S&P 500 since 2004. The forward 12-month P/E ratio for the S&P 500 now stands at 17.1, based on yesterday's closing price (2097.45) and forward 12-month EPS estimate ($122.72). Given the high values driving the P in the P/E ratio, how does this 17.1 P/E ratio compare to historical averages? What is driving the increase in the P/E ratio? The current forward 12-month P/E ratio of 17.1 is now well above the three most recent historical averages: 5-year (13.6), 10-year (14.1), and 15-year (16.0). In fact, this week marked the first time the forward 12-month P/E has been equal to (or above) 17.1 since December 31, 2004. On that date, the closing price of the S&P 500 was 1211.92 and the forward 12-month EPS estimate was $70.79. Full article: (VIEW LINK)


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