S&P 500 P/E Ratios By Sector

Here’s a colorful chart. This is what the Price/Earnings Ratios have done for the last 18 months for the different sectors of the S&P 500:

While the overall market’s earnings multiple has fallen, it hasn’t been the same across different sectors.
Notice how far Healthcare (the purple line) has fallen. It used be to second only to tech. Now it’s right in the middle.
Financials, which are still very low, have remained pretty steady.

Posted by Eddy Elfenbein on July 25th, 2006 at 6:31 pm

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