S&P 500 Valuations

CAPE (Shiller PE) and S&P 500 relative to GDP

CAPE (Shiller PE)

S&P 500 price divided by the 10-year average of inflation-adjusted earnings

CAPE (Shiller PE)

39.42

1 wk

↑ +0.30

1 mo

↑ +0.30

1 yr

↑ +1.71

Source: Shiller (Yale)

CAPE divides the S&P 500's price by the average of its last 10 years of inflation-adjusted earnings. Unlike a standard P/E, which can spike or collapse with a single bad or booming year, CAPE smooths out the business cycle — making valuations easier to compare across time.

Buffett Indicator

Total US corporate equity market value (nonfinancial corporations) as a share of GDP — Warren Buffett's preferred market-valuation gauge

Buffett Indicator

214.0%

1 wk

↓ -4.1%

1 mo

↓ -4.1%

1 yr

↓ -0.1%

Source: FRED