DJ S&P 500 Price/Earnings Ratio At 41.12, Up From 40.88
03/08/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.)
NEW YORK (Dow Jones)--The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Friday, March 8, was 41.12.
Thursday, the ratio was 40.88.
A year ago, the ratio was about 23.20.
The lowest price/earnings ratio on the S&P 500 came in the second quarter of 1949, when the reading slipped to 5.9. Over the last decade, the low was 15.77 in the first quarter of 1995.
The price/earnings ratio, known as the multiple, is a measure of the average stock price divided by the average earnings per share. The earnings data is based on the trailing four quarters.
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