Quote:
Originally Posted by pcptrade
What is the historic average P/E of SP500? Overvaluation and undervaluation is all subjective imo. Current PE of SP500 is still above historic average or mean.
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Below 23.16, the last reading I find from 4/01/22.
We were at 24.21 on 12/31/19 (pre pandemic). Our federal funds rate at the time was 1.55%.
Our mega caps are still growing too, albeit that may be slowing.
Maybe I’m missing something…?