Real S&P 500 P/E - Monthly

Chart Description

This chart shows the monthly price-to-earnings ratio (P/E) for the real (inflation adjusted) S&P 500. The P/E is calculated by taking the ratio of Real S&P 500 - Monthly to Real S&P 500 Earnings - Monthly AR. The horizontal gray line is the average of the P/E values. The colored horizontal lines represent one and two standard deviations from the average. By definition, around 68% of the data points are within one standard deviation of the average and 95% of the data points are within two standard deviations of the average.

Relevant Links

mccormick-charts.com: Real S&P 500 - Monthly, Real S&P 500 Earnings - Monthly AR

Wikipedia: price-earnings ratio, standard deviation

Spreadsheet