Skip to main content

Market context

Market valuation & yield charts

Follow Shiller P/E (CAPE), trailing P/E, yields, earnings and the S&P 500 over time. Open a metric for an interactive chart, historical statistics and its dated data table.

Source: Multpl, with underlying sources credited on each chart. Checked automatically after U.S. market close on weekdays. These are stored observations, not live quotes. Dataset changed 2026-10-03 (UTC).

Shiller P/E (CAPE)

41.38×

Observation 2026-10-02

Last ten years; each chart uses its own scale.

S&P 500 price divided by average inflation-adjusted earnings over the preceding ten years. CAPE smooths the earnings cycle; it is not trailing P/E.

Explore chart →

S&P 500 P/E ratio

26.34×

Observation 2026-10-02 · Source estimate (†)

Last ten years; each chart uses its own scale.

Price relative to trailing twelve-month as-reported earnings. Multpl estimates the current ratio from the latest reported earnings and current market price.

Explore chart →

10-year Treasury yield

5.28%

Observation 2026-10-02

Last ten years; each chart uses its own scale.

Yield on the U.S. ten-year Treasury. The source combines recent Treasury rates with a longer historical series.

Explore chart →

S&P 500 dividend yield

1.05%

Observation 2026-10-02 · Source estimate (†)

Last ten years; each chart uses its own scale.

Trailing twelve-month dividends divided by index price, expressed as a percentage. This is an index yield, not an individual stock’s yield.

Explore chart →

S&P 500 real earnings per share

$295.36

Observation 2026-06-30

Last ten years; each chart uses its own scale.

Trailing twelve-month inflation-adjusted earnings per index share. This is a real EPS series, not total company profits or nominal EPS.

Explore chart →

S&P 500 historical prices

7,781.94

Observation 2026-10-02

Last ten years; each chart uses its own scale.

Nominal S&P 500 index levels. Historical observations are monthly average closing prices; the latest point is the source’s current price.

Explore chart →

Reading the data

Observation dates differ by series. Earnings arrive with a reporting lag; most historical values are monthly, while a current market observation may be appended. Price history excludes dividends, and real earnings can be revised when the inflation adjustment changes. A high ratio alone does not predict the timing of market returns.

Also explore debt, money supply & inflation or AI revenue tracking.