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S&P 500 closes near record as only 27 firms trade above 40x forward P/E, Phil Rosen notes

S&P 500 closes near record as only 27 firms trade above 40x forward P/E, Phil Rosen notes
S&P 500 valuation matches 2022, 2020 peaks

Phil Rosen highlights that only 27 companies in the S&P 500 currently have a forward price-to-earnings ratio above 40 times, a figure equal to the peak seen during the 2022 bear market and the 2020 COVID crash.

Despite this, the index recently closed just 1.8% below its record high, underscoring strong market momentum amid a limited number of highly valued firms.

Rosen recently observed that the Russell 2000 gained nearly all of its 5-year rally in the past year, while the S&P 500 outperformed since 2021. He also reported that September is typically the weakest month for the S&P 500, with an average decline of 0.9% since 1975. These patterns provide additional context for the index’s current performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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