|
|
|
|
P/E Gap Shrinks Between Tech Stocks and Non-Tech Stocks
Price to earnings ratios of beleaguered technology stocks are falling back to earth, and causing the gap between them and all others to narrow.
Market-capitalization-weighted PEs for the trailing 12 months are listed below:
Sector
|
March Peak
|
Current
|
|
Technology
|
83
|
37
|
|
Health Care
|
30
|
36
|
|
Energy
|
28
|
22
|
|
Communication Services
|
26
|
20
|
|
Consumer Staples
|
25
|
31
|
|
Financials
|
22
|
19
|
|
Capital Goods
|
20
|
28
|
|
Capital Goods
|
20
|
28
|
|
Consumer Cyclicals
|
19
|
16
|
|
Transportation
|
12
|
14
|
|
Basic Materials
|
12
|
18
|
|
Utilities
|
9
|
23
|
Source: Wall Street Journal, November 27, 2000
|
Sponsored by James J. Eccleston. This Web site contains material of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment adviser when building and protecting your wealth.
All content Copyright © 2010 Advocate Compliance Partners, Inc. except where noted. All rights reserved.
One North Franklin Street, Suite 2620, Chicago, IL 60606
Telephone 312-332-0000 | Fax 312-332-0003
|
|
|
|
|