Shiller P/E (CAPE)

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.

Latest stored source observation

41.38×

As of 2026-10-02. Dataset last changed 2026-10-03 (UTC). Not a live quote.

Shiller P/E (CAPE)

2016-11-01–2026-10-02 · 120 dated observations. Hover or touch the chart to inspect values.

Accessible data table for this range

Shiller P/E (CAPE) source observations, most recent first
Date	Value (ratio)	Source estimate
2026-10-02	41.38×	—
2026-09-01	40.90×	—
2026-08-01	41.13×	—
2026-07-01	40.02×	—
2026-06-01	40.16×	—
2026-05-01	40.11×	—
2026-04-01	38.15×	—
2026-03-01	37.04×	—
2026-02-01	39.02×	—
2026-01-01	39.65×	—
2025-12-01	39.59×	—
2025-11-01	39.16×	—
2025-10-01	39.31×	—
2025-09-01	38.59×	—
2025-08-01	37.85×	—
2025-07-01	37.48×	—
2025-06-01	36.12×	—
2025-05-01	35.08×	—
2025-04-01	32.63×	—
2025-03-01	34.79×	—
2025-02-01	37.19×	—
2025-01-01	37.14×	—
2024-12-01	37.72×	—
2024-11-01	37.36×	—
2024-10-01	36.59×	—
2024-09-01	35.70×	—
2024-08-01	35.08×	—
2024-07-01	35.48×	—
2024-06-01	34.81×	—
2024-05-01	33.78×	—
2024-04-01	33.03×	—
2024-03-01	33.76×	—
2024-02-01	33.04×	—
2024-01-01	31.97×	—
2023-12-01	31.45×	—
2023-11-01	30.01×	—
2023-10-01	28.70×	—
2023-09-01	29.80×	—
2023-08-01	30.09×	—
2023-07-01	30.89×	—
2023-06-01	29.94×	—
2023-05-01	28.76×	—
2023-04-01	28.77×	—
2023-03-01	27.94×	—
2023-02-01	28.92×	—
2023-01-01	28.34×	—
2022-12-01	28.32×	—
2022-11-01	28.38×	—
2022-10-01	27.08×	—
2022-09-01	28.23×	—
2022-08-01	30.70×	—
2022-07-01	29.00×	—
2022-06-01	29.05×	—
2022-05-01	30.67×	—
2022-04-01	33.89×	—
2022-03-01	34.27×	—
2022-02-01	35.29×	—
2022-01-01	36.94×	—
2021-12-01	38.31×	—
2021-11-01	38.58×	—
2021-10-01	37.25×	—
2021-09-01	37.62×	—
2021-08-01	37.97×	—
2021-07-01	37.44×	—
2021-06-01	36.70×	—
2021-05-01	36.55×	—
2021-04-01	36.72×	—
2021-03-01	35.04×	—
2021-02-01	35.10×	—
2021-01-01	34.51×	—
2020-12-01	33.77×	—
2020-11-01	32.47×	—
2020-10-01	31.28×	—
2020-09-01	30.84×	—
2020-08-01	31.16×	—
2020-07-01	29.60×	—
2020-06-01	28.84×	—
2020-05-01	27.33×	—
2020-04-01	25.93×	—
2020-03-01	24.82×	—
2020-02-01	30.73×	—
2020-01-01	30.99×	—
2019-12-01	30.33×	—
2019-11-01	29.84×	—
2019-10-01	28.84×	—
2019-09-01	29.23×	—
2019-08-01	28.71×	—
2019-07-01	29.99×	—
2019-06-01	29.28×	—
2019-05-01	29.24×	—
2019-04-01	30.13×	—
2019-03-01	29.58×	—
2019-02-01	29.54×	—
2019-01-01	28.38×	—
2018-12-01	28.29×	—
2018-11-01	30.20×	—
2018-10-01	31.04×	—
2018-09-01	32.62×	—
2018-08-01	32.39×	—
2018-07-01	31.89×	—
2018-06-01	31.63×	—
2018-05-01	31.24×	—
2018-04-01	30.97×	—
2018-03-01	31.81×	—
2018-02-01	32.04×	—
2018-01-01	33.31×	—
2017-12-01	32.09×	—
2017-11-01	31.30×	—
2017-10-01	30.92×	—
2017-09-01	30.17×	—
2017-08-01	29.91×	—
2017-07-01	30.00×	—
2017-06-01	29.75×	—
2017-05-01	29.31×	—
2017-04-01	28.90×	—
2017-03-01	29.09×	—
2017-02-01	28.66×	—
2017-01-01	28.06×	—
2016-12-01	27.87×	—
2016-11-01	26.85×	—

Full-history observation statistics

Mean: 17.44×
Median: 16.13×
Minimum: 4.78× (1920-12-01)
Maximum: 44.19× (1999-12-01)

Calculated from 1,869 stored observations, equally weighted, including the current point. They may differ from Multpl’s summary statistics. Historical data may predate the modern S&P 500 index.

Source & methodology

Multpl, using Robert Shiller’s historical data. The newest point is the source’s current estimate; older points are monthly observations.

Read the source chart and definition or original monthly table.

Updates are checked on weekdays. A failed or malformed source keeps the previous dataset and its dates. Monthly history is replaced together so revisions and inflation rebasing remain internally consistent. No values are invented for missing dates.