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What is the current PE ratio of the stock market?

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Price to earnings ratio, based on trailing twelve month "as reported" earnings. Current PE is estimated from latest reported earnings and current market price. Source: Robert Shiller and his book Irrational Exuberance for historic S&P 500 PE Ratio. S&P 500 PE Ratio. Mean: 15.79 Median: 14.83 Min: 5.31 (Dec 1917) Max: 123.73 (May 2009)
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