A Look at P/E Ratios by S&P 500 Sectors

Mar. 6.08 | About: SPDR S&P (SPY)

Notice how the P/E ratios across the ten S&P 500 industry groups seem to be converging.

I apologize for the teeny legend, but I couldn't think of a better way to squeeze it on the graph. Here's a look at the same data (no legend), but by relative P/E ratio. That simply divides each sector P/E ratio by the S&P 500's P/E ratio.