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

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.

Comments

[granger]

what are your thoughts on the convergence? and for it?

Thanks for the chart, good stuff as always

[The Level 2Trader]

What is your point here?