METV - Nearing 10x Sales For Large-Cap Tech

2024-06-20 19:45:00 ET

Summary

• Below is a quick look at trailing 12-month price to sales ratios (P/S) over the last five years for the large-cap S&P 500 and small-cap Russell 2,000 along with each index's respective Technology sector.
• The Russell 2000's price to sales ratio is just 1.25x, which is slightly below its average P/S ratio over the last five years.
• The S&P 500 Tech sector's price to sales ratio has pushed all the way up to 9.8x, which is well above its high at the peak in late 2021.

In today's Chart of the Day, we took a look at valuations across the Tech sector and how things stand relative to historical extremes....

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