If you look at earnings from the past year, the S&P 500 is trading at 15.6. That is slightly lower, or cheaper, than the 17.2 average for this P/E since World War II, according to S&P Capital IQ.Using forecast earnings for the next 12 months, you get a P/E of 14.2, the same as the average over ten years, according to FactSet, a provider of financial data.
As The Dow Breaks 15,000, Is It Too Late To Buy?
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