Level Chart

Basic Info

S&P 500 Earnings Yield is at 4.03%, compared to 4.30% last quarter and 4.50% last year. This is lower than the long term average of 4.71%.

The S&P 500 Earnings Yield, reflects the sum of the underlying S&P 500 companies’ earnings for the previous year, divided by the S&P 500 index level at the end of the year. The S&P 500 index is a basket of 500 large US stocks, weighted by market cap, and is the most widely followed index representing the US stock market. As a broad market index earnings yield, one can compare this to the 10 year treasury rate to determine valuation of the US stock market relative to the bond market, as well as price forecasting. After the financial crisis of 2008 the yield value hovered around 5% on average for the 10 years following.

Stats

Last Value 4.03%
Latest Period Dec 2023
Last Updated Apr 9 2024, 10:36 EDT
Next Release Jul 8 2024, 11:00 EDT (E)
Long Term Average 4.71%
Average Growth Rate 5.51%
Value from Last Quarter 4.30%
Change from Last Quarter -6.11%
Value from 1 Year Ago 4.50%
Change from 1 Year Ago -10.33%
Frequency Quarterly
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
December 31, 2023 4.03%
September 30, 2023 4.30%
June 30, 2023 4.07%
March 31, 2023 4.26%
December 31, 2022 4.50%
September 30, 2022 5.22%
June 30, 2022 5.08%
March 31, 2022 4.37%
December 31, 2021 4.15%
September 30, 2021 4.07%
June 30, 2021 3.69%
March 31, 2021 3.23%
December 31, 2020 2.51%
September 30, 2020 2.92%
June 30, 2020 3.20%
March 31, 2020 4.50%
December 31, 2019 4.32%
September 30, 2019 4.46%
June 30, 2019 4.60%
March 31, 2019 4.74%
December 31, 2018 5.28%
September 30, 2018 4.47%
June 30, 2018 4.51%
March 31, 2018 4.37%
December 31, 2017 4.11%
Date Value
September 30, 2017 4.25%
June 30, 2017 4.29%
March 31, 2017 4.24%
December 31, 2016 4.22%
September 30, 2016 4.11%
June 30, 2016 4.14%
March 31, 2016 4.20%
December 31, 2015 4.23%
September 30, 2015 4.72%
June 30, 2015 4.60%
March 31, 2015 4.80%
December 31, 2014 4.97%
September 30, 2014 5.37%
June 30, 2014 5.26%
March 31, 2014 5.39%
December 31, 2013 5.42%
September 30, 2013 5.61%
June 30, 2013 5.66%
March 31, 2013 5.59%
December 31, 2012 6.07%
September 30, 2012 6.00%
June 30, 2012 6.45%
March 31, 2012 6.29%
December 31, 2011 6.91%
September 30, 2011 7.69%

Basic Info

S&P 500 Earnings Yield is at 4.03%, compared to 4.30% last quarter and 4.50% last year. This is lower than the long term average of 4.71%.

The S&P 500 Earnings Yield, reflects the sum of the underlying S&P 500 companies’ earnings for the previous year, divided by the S&P 500 index level at the end of the year. The S&P 500 index is a basket of 500 large US stocks, weighted by market cap, and is the most widely followed index representing the US stock market. As a broad market index earnings yield, one can compare this to the 10 year treasury rate to determine valuation of the US stock market relative to the bond market, as well as price forecasting. After the financial crisis of 2008 the yield value hovered around 5% on average for the 10 years following.

Stats

Last Value 4.03%
Latest Period Dec 2023
Last Updated Apr 9 2024, 10:36 EDT
Next Release Jul 8 2024, 11:00 EDT (E)
Long Term Average 4.71%
Average Growth Rate 5.51%
Value from Last Quarter 4.30%
Change from Last Quarter -6.11%
Value from 1 Year Ago 4.50%
Change from 1 Year Ago -10.33%
Frequency Quarterly
Unit Percent
Adjustment N/A
Download Source File Upgrade