History of Market · The Chronicle of the U.S. Stock Market Financials
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S5FINL · Consensus Forward PE

S5FINL · Consensus Forward PE — Thirty years of Financials forward PE

Forward PE — Thirty years of financials forward PE and its structural discount.

Terminal data records monthly forward PE for the Financials GICS sub-index (S5FINL) back to 1996. The sector has spent most of three decades inside an 11–18× corridor — structurally a notch below technology. The 38× print in 2008-12 is not a valuation top; it's the accounting consequence of sector-wide writedowns briefly pushing the EPS denominator toward zero during the financial crisis. Current reading, long-run mean, and historical percentile sit on the metric strip below the chart.

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What this page answers

This static page is built to answer searches for S5FINL · Consensus Forward PE. It summarizes the live dataset behind the Thirty years of Financials forward PE panel and links to the full interactive chart.

Terminal data records monthly forward PE for the Financials GICS sub-index (S5FINL) back to 1996. The sector has spent most of three decades inside an 11–18× corridor — structurally a notch below technology. The 38× print in 2008-12 is not a valuation top; it's the accounting consequence of sector-wide writedowns briefly pushing the EPS denominator toward zero during the financial crisis. Current reading, long-run mean, and historical percentile sit on the metric strip below the chart. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

The plate

S5FINL · Consensus Forward PE — Thirty years of Financials forward PE10×15×20×25×30×20002005201020152020202514.0×
Plate V.1 Terminal data records monthly forward PE for the Financials GICS sub-index (S5FINL) back to 1996. The sector has spent most of three decades inside an 11–18× corridor — structurally a notch below technology. The 38× print in 2008-12 is not a valuation top; it's the accounting consequence of sector-wide writedowns briefly pushing the EPS denominator toward zero during the financial crisis. Current reading, long-run mean, and historical percentile sit on the metric strip below the chart. 2026-08-14  ·  Showing 358 of 360

Latest Snapshot

Updated
2026-08-14

Data & Source

GET /api/sectors/forward-pe.json — Canonical dataset endpoint.

Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.

FAQ

Where does this data come from?

History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.

How often is it updated?

Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.

Can I use the data?

Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.