As shown in the historical chart of the S&P 500 Technology sector, its P/E ratio has now moved back to 15-year lows. With the sector moving lower in price and earnings continuing to show strength this quarter, Tech's P/E ratio has dropped to 21.63. The sector's P/E was at these same levels in late 1995 and the middle of 2006.
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Please could you do the same chart for banks. Thank you.
Posted by: Bryan Wendon | February 08, 2008 at 11:23 AM