As another post for our Charts and Tables category, we are highlighting the historical P/E ratios of the ten major US economic sectors of the S&P 500.
Below we highlight Financials, Industrials and Technology. As shown in the charts, divergence has been created in all three sectors since the bull market began. The P/E ratio of Industrials has continued to decline even as its price has gone up. While Technology's P/E is much lower than it was during the bubble years, its P/E has remained flat for the past three years. We'll be back with the rest of the sector charts shortly.