Telecom Valuations

Includes: IXP, IYZ, TTH
by: Bespoke Investment Group

Below are charts of the trailing 12-month P/E ratios for the S&P 500 and the S&P 500 Telecom sector. While the P/E for the S&P 500 as a whole has declined over the last year, the P/E for the Telecom sector has expanded pretty significantly. The sector has had a nice price run over the last few months and is up nearly 7% year to date. Since the P/E has gone higher, it means price has gone up more than earnings. (Click to enlarge)