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The S&P500 P/E ratio (average of all the 500 companies) can be tracked live here, as well as some historical values (click on the various date tabs). These figures include only those companies with positive earnings. If negative earnings were included, the ratios would be much higher.
Historical data:
September 9 2009: 45.04
August 19 2009: 44.01
July 7 2009: 42.00
June 8 2009: 43.23
May 23 2009: 40.99
April 16 2009: 16.21
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