Price-To-Economic Book Value Ratio Is Flat In 2Q23

The trailing-twelve-months (TTM) PEBV ratio for the S&P 500 did not change much from 6/30/23 to 8/15/23.

This report is an abridged version of S&P 500 & Sectors: Price-to-Economic Book Value Ratio is Flat in 2Q23, one of my quarterly series on fundamental market and sector trends. I calculate these metrics based on S&P Global’s (SPGI) methodology, which sums the individual S&P 500 constituent values for market cap and economic book value before using them to calculate the metrics. I call this the “Aggregate” methodology. Analysis in this report is based on the latest audited financial data available, or 2Q23 10-Qs in most cases. Price data for the current period is as of 8/15/23.