Friday, January 8, 2010

Average P/E On The S&P 500 is 29.90, But Only 365 Companies Count

The average S&P500 P/E ratio now stands at 29.90, as measured by Google Finance. This excludes all those companies with negative earnings.

We track these live here.

At the end of October, this average was 36.60 and there were 375 companies with positive P/Es. Today there are 10 fewer, 165, so please take this into account!

The number of companies keeps getting smaller ever since we started tracking them about a year ago. On April 16 2009, the average P/E was 16.20, and the number of companies was 399.

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