Valuation current_state is 0.99, at the ceiling of the operator policy band. Multpl.com (Robert Shiller data) published_at 2026-06-05 reports "Current Shiller PE Ratio: 41.57". FactSet Research Systems Inc. published_at 2026-06-05 reports "84% (72 out of 86)" of oil-citing S&P 500 companies with 2026 EPS guidance maintained or increased it. The position de-loads when valuation and earnings evidence retreat together.
Valuation current_state is 0.99, at the ceiling of the operator policy band. Multpl.com (Robert Shiller data) published_at 2026-06-05 reports "Current Shiller PE Ratio: 41.57". FactSet Research Systems Inc. published_at 2026-06-05 reports "84% (72 out of 86)" of oil-citing S&P 500 companies with 2026 EPS guidance maintained or increased it. The position de-loads when valuation and earnings evidence retreat together.
Multpl.com, a public mirror of Robert Shiller's CAPE data, shows the S&P 500 Shiller PE ratio at 41.85 as of the Jul 13, 2026 close. The reading remains above the regime-defining 40 anchor and below the Dec 1999 maximum of 44.19, with a long-run mean of 17.39.
Current Shiller PE Ratio: 41.85 -0.33 (-0.78%). 4:00 PM EDT, Mon Jul 13. Mean: 17.39. Median: 16.10. Min: 4.78 (Dec 1920). Max: 44.19 (Dec 1999).
The multpl.com monthly table confirms CAPE at 41.85 on Jul 13, 2026 and shows the recent trajectory: 41.32 on Jun 1, 41.10 on May 1, after a transient dip to 38.93 in April and 37.66 in March. CAPE has held above the regime anchor of 40 continuously since May 1, 2026.
Jul 13, 2026 41.85 | Jun 1, 2026 41.32 | May 1, 2026 41.10 | Apr 1, 2026 38.93 | Mar 1, 2026 37.66 | Feb 1, 2026 39.53 | Jan 1, 2026 40.03
Multpl.com reports the S&P 500 at 7,570.03 on Jul 13, 2026, up from 7,473.85 on Jun 1 and 7,412.55 on May 1. The elevated index level is the current price input to the CAPE ratio calculation.
Jul 13, 2026 7,570.03 | Jun 1, 2026 7,473.85 | May 1, 2026 7,412.55 | Apr 1, 2026 6,957.01 | Mar 1, 2026 6,654.42
FactSet reports that as of Jul 10, 2026 the Q2 2026 estimated earnings growth rate is 23.6%, with actual growth projected above 29% -- the highest since Q4 2021. Of 18 early-reporting companies, 89% have beaten mean EPS estimates, consistent with the ongoing strong earnings cycle.
The current earnings growth rate for the S&P 500 for the second quarter is 23.6%, with the index likely to report actual earnings growth above 29% for Q2. Of 18 early reporters, 89% have reported actual EPS above the mean EPS estimate.
FactSet Earnings Insight dated Jul 10, 2026 reports the forward 12-month P/E for the S&P 500 at 20.5, above the 5-year average of 19.9 and the 10-year average of 19.0. Elevated forward valuation is consistent with strong near-term earnings growth projections rather than speculative multiple re-rating.
The forward 12-month P/E ratio for the S&P 500 is 20.5. This P/E ratio is above the 5-year average (19.9) and above the 10-year average (19.0).
Multpl.com, a public mirror of Robert Shiller's CAPE data, shows the S&P 500 Shiller PE ratio at 41.43 after the June 12 close. The same page shows a mean of 17.39 and a prior maximum of 44.19 in Dec 1999.
Current Shiller PE Ratio: 41.43 +0.23 (0.55%). 4:00 PM EDT, Fri Jun 12. Mean: 17.39. Median: 16.10. Min: 4.78 (Dec 1920). Max: 44.19 (Dec 1999).
The multpl.com monthly table shows the latest intra-month reading at 41.43 on Jun 12, 2026 and monthly readings of 41.32 on Jun 1, 2026 and 41.10 on May 1, 2026. The table confirms that the CAPE reading re-crossed the regime anchor after the March-April dip.
Jun 12, 2026 41.43 | Jun 1, 2026 41.32 | May 1, 2026 41.10 | Apr 1, 2026 38.93 | Mar 1, 2026 37.66 | Feb 1, 2026 39.53 | Jan 1, 2026 40.03
Multpl.com, a Robert Shiller data mirror, reports the current Shiller CAPE at 40.87 as of 4:00 PM EDT on Jun 10, 2026. The reading is below the Jun 9 evidence but remains above the regime-defining 40 anchor and below the Dec 1999 maximum listed on the page.
Current Shiller PE Ratio: 40.87 -0.67 (-1.62%). 4:00 PM EDT, Wed Jun 10. Mean: 17.38 | Median: 16.09 | Min: 4.78 (Dec 1920) | Max: 44.19 (Dec 1999).
FRED, sourcing S&P Dow Jones Indices LLC, reports the S&P 500 close at 7,266.99 for Jun 10, 2026. The daily price input is lower than the Jun 9 close and keeps the live valuation read current.
2026-06-10: 7,266.99 | Index, Not Seasonally Adjusted | Daily, Close. Updated: Jun 10, 2026 7:02 PM CDT. 2026-06-09: 7,386.65; 2026-06-08: 7,405.73; 2026-06-05: 7,383.74; 2026-06-04: 7,584.31.
FRED, sourcing S&P Dow Jones Indices LLC, reports the S&P 500 close at 7,386.65 for Jun 9, 2026. The recent price input is lower than the Jun 4 close but remains a current daily valuation input.
2026-06-09: 7,386.65 | Index, Not Seasonally Adjusted | Daily, Close. Updated: Jun 9, 2026 7:02 PM CDT. 2026-06-08: 7,405.73; 2026-06-05: 7,383.74; 2026-06-04: 7,584.31; 2026-06-03: 7,553.68.