Sector P/E Ratios

Below we provide charts of historical P/E ratios (trailing 12-month before extraordinary items) for the S&P 500 and its ten sectors.  After getting under 10 briefly in early March, the S&P 500's P/E currently stands at 14.37.  On the day of the Lehman Brothers collapse, the index's P/E was at 15.94.

The Financial sector is the only one that currently has a negative P/E.  Consumer Discretionary did have the highest P/E when General Motors was still in the sector, but when it got pulled out, the sector's P/E dropped and is currently the second highest behind Technology.  Energy has the lowest P/E ratio at 7.81, followed by Telecom (9.83), and Industrials (9.96).

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Comments

[Cecil]

Your P-E data is at odds with THIS : http://online.barrons.com/public/page/9_0210-indexespeyields.html

[Justin]

Cecil,

Both sets of data are right, but they are from two different calculations. The P/E ratio we've shown is using trailing 12-month earnings before extraordinary items. Barron's is calculating it based on a different earnings per share number.