09/19/2026
The S&P500 forward PE is now below both the 5yr and 10yr averages... near the March low.
The S&P 500 closed at 7,612 on June 2 and at 7,646.04 on September 18, nearly unchanged. Over roughly the same period, the forward P/E fell from 20.4 at the end of June to 19.1.