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P&E
- Commerce. plant and equipment.
Example Sentences
Naval Special Warfare, which oversees the SEALs, announced on Friday that it would begin force-wide random testing for performance-enhancing drugs, or P.E.D.s, starting in November.
JPMorgan looked at another metric, which compares P/E ratios to long-term expected earnings growth, and found equities are overvalued by 14%.
Forward price to earnings multiples for 10 out of the 11 sector groups of the S&P 500 fell in August, he noted, though the P/E for the index as a whole remains near 20, compared with 17 at the end of 2022.
The P/E ratio ended 2022 at just below 17 times.
"While our baseline forecast assumes a slight contraction in the S&P 500 P/E multiple to 19x by year-end, we believe risks to valuations are tilted to the upside if the multiples of laggards 'catch up' or yields fall."
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