Performance Derby: S&P 500 Sectors & Industries Current P/E and Year-Ago P/E September 12, 2018 Dr. Ed Yardeni 516-972-7683 eyardeni@yardeni.com Joe Abbott 732-497-5306 jabbott@yardeni.com Please visit our sites at blog.yardeni.com thinking outside the box
Current P/E And Year-Ago P/E Table 1: Current P/E And Year-Ago P/E (sorted on Thursday data as of September 06, 2018) S&P 500 Industry 09/06/18 09/07/17 Internet & Direct Marketing Retail 63.6 66.7 Oil & Gas Drilling 57.8 NA Residential REITs 49.9 51.0 Office REITs 47.9 50.8 Specialized REITs 44.5 44.3 Real Estate sector 39.0 38.9 Health Care REITs 38.7 36.1 Industrial REITs 37.9 35.2 Application Software 37.3 35.8 Publishing & Printing 34.2 27.9 Health Care Supplies 31.4 25.6 Retail REITs 30.2 30.7 Leisure Products 29.3 17.4 Diversified Support Services 29.2 24.5 Footwear 28.4 20.8 Electronic Equipment & Instruments 26.7 19.3 Hotel & Resort REITs 26.2 25.6 Water Utilities 25.7 25.2 Data Processing & Outsourced Services 25.5 24.2 Personal Products 24.9 25.0 Life Sciences Tools & Services 24.6 23.1 Home Entertainment Software 23.9 25.9 Health Care Technology 23.8 25.0 Internet Software & Services 23.6 25.5 Hypermarkets & Super Centers 23.3 19.7 Oil & Gas Storage & Transportation 23.2 28.8 Research & Consulting Services 23.2 19.3 Distillers & Vintners 22.8 24.2 Health Care Equipment 22.5 20.1 Financial Exchanges & Data 22.3 22.1 Oil & Gas Equipment & Services 22.1 27.6 Speciality Stores 22.0 16.9 Systems Software 21.9 20.7 Consumer Discretionary Sector 21.2 19.3 Restaurants 21.1 23.1 Industrial Gasses 20.9 21.3 Food Distributors 20.9 18.8 Multi-Sector Holdings 20.9 22.3 Environmental & Facilities Services 20.6 21.6 Consumer Electronics 20.4 18.4 Speciality Chemicals 20.4 20.6 Soft Drinks 20.3 22.6 Gold 20.3 30.0 Construction Materials 20.2 23.9 Electronic Components 20.1 19.2 Human Resource & Employment Services 20.0 15.8 Home Improvement Retail 19.9 18.4 Trucking 19.9 23.1 Household Products 19.0 21.8 Information Technology Sector 18.7 18.2 Electrical Components & Equipment 18.7 18.8 Apparel Retail 18.6 15.6 Casinos & Gaming 18.3 23.3 Railroads 18.2 17.6 Multi-Utilities 18.2 19.4 Apparel & Accessories 18.1 16.5 Aerospace & Defense 18.1 19.7 Alternative Carriers 18.0 31.7 Consumer Staples Sector 17.9 19.6 Industrial Machinery 17.7 18.5 Oil & Gas Exploration & Production 17.6 69.0 Managed Health Care 17.6 17.6 Automotive Retail 17.2 14.6 Insurance Brokers 17.0 18.1 Industrial Conglomerates 16.9 17.3 Utilities Sector 16.8 18.2 S&P 500 16.8 17.6 Fertilizers & Agricultural Chemicals 16.7 22.9 Electric Utilities 16.5 17.7 Industrials Sector 16.3 17.1 Page 1 / September 12, 2018 / Current P/E And Year-Ago P/E S&P 500 Industry 09/06/18 09/07/17 Cable & Satellite 16.2 23.9 Communications Equipment 16.2 13.4 Health Care Sector 16.1 16.4 Metal & Glass Containers 16.1 17.1 Energy Sector 16.1 27.0 General Merchandise Stores 15.8 14.6 Packaged Foods 15.6 17.5 Hotels 15.6 17.9 Air Freight & Couriers 15.6 17.1 Technology Hardware, Storage & Peripherals 15.5 14.0 Electronic Manufacturing Services 15.5 15.7 Distributors 15.4 16.9 Trading Companies & Distributors 15.4 15.2 Pharmaceuticals 15.2 15.4 Movies & Entertainment 15.2 14.5 Materials Sector 15.2 17.8 Computer & Electronics Retail 14.8 13.3 Integrated Oil & Gas 14.6 23.2 Tobacco 14.5 20.5 Diversified Chemicals 14.4 10.6 Food Retail 14.4 11.2 Real Estate Services 14.2 13.5 IT Consulting & Other Services 14.2 13.5 Construction & Engineering 14.1 16.0 Building Products 14.0 15.8 Agricultural Products 13.9 15.1 Home Furnishings 13.8 17.5 Health Care Facilities 13.4 10.8 Semiconductors 13.3 14.6 Specialized Consumer Services 13.2 13.0 Property & Casualty Insurance 13.1 13.4 Brewers 13.1 19.0 Biotechnology 12.8 15.1 Department Stores 12.7 10.4 Auto Parts & Equipment 12.7 13.0 Agricultural & Farm Machinery 12.6 16.2 Motorcycle Manufacturers 12.6 12.7 Financials Sector 12.6 13.3 Oil & Gas Refining & Marketing 12.5 14.7 Regional Banks 12.5 13.1 Asset Management & Custody Banks 12.3 14.0 Advertising 12.2 13.5 Paper Packaging 11.6 15.5 Diversified Banks 11.3 11.8 Investment Banking & Brokerage 11.2 13.0 Construction & Farm Machinery 11.0 17.1 Health Care Distributors 10.9 13.8 Health Care Services 10.9 11.3 Multi-Line Insurance 10.8 11.7 Drug Retail 10.5 13.6 Semiconductor Equipment 10.4 12.8 Copper sub industry 10.4 12.0 Consumer Finance 10.2 10.9 Telecommunications Services Sector 10.1 12.5 Independent Power Producers & Energy Tr. 10.1 13.4 Reinsurance 10.0 11.0 Integrated Telecommunication Services 9.9 12.2 Airlines 9.7 8.9 Commodity Chemicals 9.7 9.9 Steel 9.4 12.2 Housewares & Specialities 9.3 14.0 Broadcasting 9.1 12.1 Life & Health Insurance 8.6 10.1 Homebuilding 8.4 10.9 Household Appliances 8.0 10.3 Tires & Rubber 7.0 7.7 Automobile Manufacturers 6.3 6.7
YOY P/E % Change and Current P/E Table 2: YOY P/E % Change And Current P/E (sorted on Thursday data as of September 06, 2018) S&P 500 Industry 1-Year % Chg 09/06/18 Leisure Products 68.3 29.3 Electronic Equipment & Instruments 38.5 26.7 Footwear 36.2 28.4 Diversified Chemicals 35.3 14.4 Speciality Stores 30.2 22.0 Food Retail 28.5 14.4 Human Resource & Employment Services 26.3 20.0 Health Care Facilities 24.0 13.4 Department Stores 22.7 12.7 Publishing & Printing 22.7 34.2 Health Care Supplies 22.4 31.4 Communications Equipment 20.7 16.2 Research & Consulting Services 20.1 23.2 Apparel Retail 19.8 18.6 Diversified Support Services 19.2 29.2 Hypermarkets & Super Centers 18.3 23.3 Automotive Retail 17.7 17.2 Health Care Equipment 12.0 22.5 Computer & Electronics Retail 11.5 14.8 Food Distributors 10.9 20.9 Consumer Electronics 10.7 20.4 Technology Hardware, Storage & Peripherals 10.7 15.5 Apparel & Accessories 9.9 18.1 Consumer Discretionary Sector 9.9 21.2 Airlines 9.5 9.7 General Merchandise Stores 8.3 15.8 Home Improvement Retail 8.1 19.9 Industrial REITs 7.7 37.9 Health Care REITs 7.1 38.7 Life Sciences Tools & Services 6.6 24.6 Systems Software 5.8 21.9 Real Estate Services 5.8 14.2 Data Processing & Outsourced Services 5.7 25.5 Movies & Entertainment 5.2 15.2 Electronic Components 5.0 20.1 IT Consulting & Other Services 4.8 14.2 Application Software 4.2 37.3 Railroads 3.2 18.2 Information Technology Sector 2.7 18.7 Hotel & Resort REITs 2.1 26.2 Water Utilities 2.0 25.7 Specialized Consumer Services 1.9 13.2 Trading Companies & Distributors 1.4 15.4 Financial Exchanges & Data 0.9 22.3 Specialized REITs 0.5 44.5 Real Estate sector 0.2 39.0 Managed Health Care -0.1 17.6 Personal Products -0.4 24.9 Electrical Components & Equipment -0.4 18.7 Pharmaceuticals -1.0 15.2 Speciality Chemicals -1.0 20.4 Motorcycle Manufacturers -1.1 12.6 Retail REITs -1.5 30.2 Industrial Gasses -1.6 20.9 Electronic Manufacturing Services -1.6 15.5 Health Care Sector -2.0 16.1 Residential REITs -2.1 49.9 Commodity Chemicals -2.3 9.7 Property & Casualty Insurance -2.4 13.1 Industrial Conglomerates -2.4 16.9 Auto Parts & Equipment -2.6 12.7 Health Care Services -3.7 10.9 Regional Banks -4.1 12.5 Diversified Banks -4.1 11.3 Industrial Machinery -4.4 17.7 S&P 500-4.5 16.8 Internet & Direct Marketing Retail -4.7 63.6 Environmental & Facilities Services -4.9 20.6 Industrials Sector -4.9 16.3 Health Care Technology -4.9 23.8 Page 2 / September 12, 2018 / Current P/E And Year-Ago P/E S&P 500 Industry 1-Year % Chg 09/06/18 Automobile Manufacturers -5.4 6.3 Financials Sector -5.5 12.6 Metal & Glass Containers -5.7 16.1 Distillers & Vintners -5.8 22.8 Office REITs -5.8 47.9 Insurance Brokers -5.9 17.0 Consumer Finance -6.0 10.2 Multi-Utilities -6.4 18.2 Multi-Sector Holdings -6.5 20.9 Electric Utilities -6.9 16.5 Internet Software & Services -7.3 23.6 Agricultural Products -7.6 13.9 Utilities Sector -7.6 16.8 Home Entertainment Software -7.8 23.9 Multi-Line Insurance -8.2 10.8 Aerospace & Defense -8.4 18.1 Restaurants -8.5 21.1 Consumer Staples Sector -8.8 17.9 Semiconductors -8.9 13.3 Distributors -8.9 15.4 Air Freight & Couriers -8.9 15.6 Tires & Rubber -8.9 7.0 Reinsurance -9.3 10.0 Advertising -9.6 12.2 Soft Drinks -10.1 20.3 Packaged Foods -10.5 15.6 Building Products -11.0 14.0 Construction & Engineering -11.8 14.1 Asset Management & Custody Banks -12.1 12.3 Household Products -12.6 19.0 Hotels -12.9 15.6 Copper sub industry -13.4 10.4 Investment Banking & Brokerage -13.5 11.2 Trucking -14.0 19.9 Life & Health Insurance -14.2 8.6 Materials Sector -14.7 15.2 Oil & Gas Refining & Marketing -14.8 12.5 Biotechnology -15.2 12.8 Construction Materials -15.7 20.2 Integrated Telecommunication Services -18.6 9.9 Telecommunications Services Sector -18.7 10.1 Semiconductor Equipment -18.8 10.4 Oil & Gas Storage & Transportation -19.3 23.2 Oil & Gas Equipment & Services -19.6 22.1 Health Care Distributors -20.9 10.9 Home Furnishings -21.2 13.8 Casinos & Gaming -21.3 18.3 Agricultural & Farm Machinery -22.2 12.6 Homebuilding -22.4 8.4 Steel -22.5 9.4 Household Appliances -22.6 8.0 Drug Retail -22.9 10.5 Broadcasting -24.3 9.1 Independent Power Producers & Energy Tr. -24.8 10.1 Paper Packaging -25.1 11.6 Fertilizers & Agricultural Chemicals -27.3 16.7 Tobacco -29.3 14.5 Brewers -31.1 13.1 Cable & Satellite -32.1 16.2 Gold -32.3 20.3 Housewares & Specialities -33.4 9.3 Construction & Farm Machinery -35.6 11.0 Integrated Oil & Gas -37.2 14.6 Energy Sector -40.4 16.1 Alternative Carriers -43.3 18.0 Oil & Gas Exploration & Production -74.4 17.6 Oil & Gas Drilling NA 57.8
2-Year P/E % Change and Current P/E Table 3: 2-Year P/E % Change And Current P/E (sorted on Thursday data as of September 06, 2018) S&P 500 Industry 2-Year % Chg 09/06/18 Health Care Supplies 54.1 31.4 Leisure Products 52.5 29.3 Human Resource & Employment Services 51.5 20.0 Electronic Equipment & Instruments 50.2 26.7 Consumer Electronics 36.0 20.4 Trucking 31.6 19.9 Technology Hardware, Storage & Peripherals 30.1 15.5 Internet & Direct Marketing Retail 25.6 63.6 Footwear 24.0 28.4 Managed Health Care 23.6 17.6 Hypermarkets & Super Centers 22.9 23.3 Communications Equipment 22.1 16.2 Airlines 21.7 9.7 Systems Software 21.5 21.9 Speciality Stores 20.9 22.0 Computer & Electronics Retail 20.9 14.8 Consumer Discretionary Sector 20.4 21.2 Auto Parts & Equipment 19.1 12.7 Electronic Components 17.7 20.1 Commodity Chemicals 17.3 9.7 Data Processing & Outsourced Services 16.8 25.5 Health Care Equipment 16.1 22.5 Life Sciences Tools & Services 15.3 24.6 Publishing & Printing 15.0 34.2 Hotels 13.8 15.6 Home Entertainment Software 13.8 23.9 Research & Consulting Services 12.8 23.2 Diversified Support Services 11.9 29.2 Information Technology Sector 10.8 18.7 Movies & Entertainment 9.8 15.2 Health Care Facilities 9.2 13.4 Aerospace & Defense 9.1 18.1 Specialized Consumer Services 9.0 13.2 Multi-Sector Holdings 8.9 20.9 Railroads 8.4 18.2 Home Improvement Retail 7.7 19.9 Application Software 6.9 37.3 Electronic Manufacturing Services 6.4 15.5 Health Care Sector 6.0 16.1 General Merchandise Stores 6.0 15.8 Department Stores 5.7 12.7 Electrical Components & Equipment 5.6 18.7 Metal & Glass Containers 5.3 16.1 Apparel & Accessories 5.3 18.1 Industrial Gasses 4.6 20.9 Biotechnology 3.6 12.8 IT Consulting & Other Services 3.4 14.2 Automobile Manufacturers 3.0 6.3 Diversified Banks 2.3 11.3 Internet Software & Services 2.1 23.6 Regional Banks 1.8 12.5 Water Utilities 1.1 25.7 Personal Products 1.0 24.9 Environmental & Facilities Services 0.8 20.6 Insurance Brokers 0.7 17.0 Consumer Finance 0.1 10.2 Property & Casualty Insurance -0.1 13.1 Life & Health Insurance -0.6 8.6 Food Retail -0.6 14.4 Apparel Retail -0.9 18.6 Speciality Chemicals -1.1 20.4 S&P 500-1.5 16.8 Pharmaceuticals -2.0 15.2 Industrials Sector -2.0 16.3 Motorcycle Manufacturers -2.7 12.6 Electric Utilities -2.8 16.5 Multi-Utilities -3.2 18.2 Tires & Rubber -3.5 7.0 Industrial Machinery -4.2 17.7 Utilities Sector -4.3 16.8 Page 3 / September 12, 2018 / Current P/E And Year-Ago P/E S&P 500 Industry 2-Year % Chg 09/06/18 Health Care Technology -4.7 23.8 Air Freight & Couriers -4.8 15.6 Restaurants -5.8 21.1 Diversified Chemicals -6.4 14.4 Food Distributors -6.5 20.9 Gold -6.7 20.3 Construction & Engineering -6.8 14.1 Multi-Line Insurance -7.5 10.8 Soft Drinks -7.5 20.3 Cable & Satellite -7.6 16.2 Automotive Retail -7.6 17.2 Distillers & Vintners -7.6 22.8 Trading Companies & Distributors -8.2 15.4 Investment Banking & Brokerage -8.6 11.2 Asset Management & Custody Banks -8.9 12.3 Oil & Gas Refining & Marketing -9.1 12.5 Industrial Conglomerates -9.8 16.9 Materials Sector -10.6 15.2 Casinos & Gaming -11.7 18.3 Financials Sector -11.8 12.6 Construction Materials -11.9 20.2 Consumer Staples Sector -12.0 17.9 Agricultural Products -12.2 13.9 Health Care Services -12.5 10.9 Semiconductors -13.4 13.3 Household Products -15.2 19.0 Distributors -19.0 15.4 Home Furnishings -20.5 13.8 Fertilizers & Agricultural Chemicals -22.5 16.7 Broadcasting -22.7 9.1 Semiconductor Equipment -23.1 10.4 Oil & Gas Storage & Transportation -24.2 23.2 Packaged Foods -24.6 15.6 Paper Packaging -25.0 11.6 Health Care Distributors -25.2 10.9 Homebuilding -25.6 8.4 Household Appliances -27.1 8.0 Telecommunications Services Sector -27.4 10.1 Integrated Telecommunication Services -27.9 9.9 Advertising -28.2 12.2 Building Products -28.7 14.0 Alternative Carriers -29.4 18.0 Tobacco -30.1 14.5 Independent Power Producers & Energy Tr. -31.2 10.1 Drug Retail -31.3 10.5 Brewers -38.0 13.1 Steel -41.7 9.4 Agricultural & Farm Machinery -41.9 12.6 Construction & Farm Machinery -42.1 11.0 Integrated Oil & Gas -43.5 14.6 Housewares & Specialities -47.5 9.3 Energy Sector -56.6 16.1 Oil & Gas Equipment & Services -67.7 22.1 Oil & Gas Drilling NA 57.8 Oil & Gas Exploration & Production NA 17.6 Financial Exchanges & Data NA 22.3 Reinsurance NA 10.0 Real Estate sector NA 39.0 Health Care REITs NA 38.7 Hotel & Resort REITs NA 26.2 Industrial REITs NA 37.9 Office REITs NA 47.9 Real Estate Services NA 14.2 Residential REITs NA 49.9 Retail REITs NA 30.2 Specialized REITs NA 44.5 Copper sub industry NA 10.4
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