Statistics · 2026 · Stocks
Stock Valuation Statistics (2026)
The median price-to-earnings ratio across the 98 of WealthyBud's 103 covered large-caps with a P/E is 29.4× as of 2026-10-02, computed from SEC-filed net income and a delayed share price. multpl.com puts the S&P 500’s P/E at 26.04× and its Shiller CAPE at 40.90× for September 2026, about 1.6 times and more than double their long-run means. Both are index-level ratios for the S&P 500, so they measure something different from a median of company P/Es.
Key takeaways
- The median P/E ratio among the 98 covered stocks with a P/E is 29.4×, and the median P/S ratio across 99 covered stocks is 4.8×, both as of 2026-10-02.
- AT&T INC. (T) trades cheapest on P/E at 7.6×; Palo Alto Networks, Inc (PANW) has the highest P/E at 1,070× because its net income ($307.0M) is 0.09% of its $328.6B market value. Below the 1,000× outlier line, ADVANCED MICRO DEVICES INC (AMD) is highest at 241.4×.
- 49 of the 98 covered stocks with a P/E trade above 30× earnings, and 21 trade above 50×.
- On price-to-sales, CVS HEALTH CORPORATION (CVS) is cheapest at 0.27×, while Micron Technology, Inc. (MU) is richest at 32.45×.
- The Shiller CAPE — a cyclically adjusted P/E for the S&P 500 — was 40.90× for September 2026, and the index’s P/E on trailing twelve-month as-reported earnings was 26.04× for September 2026, against long-run means of 17.42× and 16.23×, per multpl.com.
What is the median valuation of the stocks WealthyBud tracks?
Among the 98 of WealthyBud’s 103 covered large-caps with a P/E, the median price-to-earnings ratio is 29.4× as of 2026-10-02. The median price-to-sales ratio across 99 covered stocks is 4.8×. Both multiples use a delayed share price, so they lag real-time trading.
1. Median P/E ratio: 29.4×
Among the 98 covered stocks with a P/E, the median price-to-earnings ratio is 29.4× as of 2026-10-02 (WealthyBud data · 98 stocks with a P/E · 2026-10-02).
2. Median P/S ratio: 4.8×
Across 99 covered stocks with a price-to-sales ratio, the median is 4.8× as of 2026-10-02 — a more stable multiple than P/E, since it doesn't collapse when earnings are near zero. CMCSA, FDX, HON, and SPGI have no P/S here because their latest fiscal-year results predate a spin-off (WealthyBud data · 99 stocks · 2026-10-02).
3. 5 of 103 covered stocks have no P/E on this page
102 of WealthyBud's 103 covered stocks were profitable in their latest fiscal year, but 5 are outside the 98-stock P/E pool: 4 profitable companies (CMCSA, FDX, HON, and SPGI) have their P/E withheld because their latest fiscal-year earnings predate a spin-off, and 1 company (INTC) posted a net loss (WealthyBud data · 2026-10-02).
4. Shiller CAPE: 40.90× (September 2026), more than double its 17.42× long-run mean
The Shiller CAPE ratio — the S&P 500 price divided by 10-year inflation-adjusted average earnings, a method developed by economist Robert Shiller — was 40.90× for September 2026, versus a 17.42× long-run mean shown on October 2, 2026, per multpl.com.
5. S&P 500 P/E: 26.04× (September 2026), versus a 16.23× historical mean
multpl.com’s S&P 500 P/E, which it describes as “based on trailing twelve month ‘as reported’ earnings”, was 26.04× for September 2026, compared with a 16.23× historical mean (multpl.com, which marks recent months as estimates). WealthyBud’s own 29.4× median (prices as of 2026-10-02) sits above that reading and above the long-run mean; it is a median of company ratios, not an index-level ratio.
Which covered stocks trade cheapest on P/E?
AT&T INC. (T) carries the lowest price-to-earnings ratio among WealthyBud’s covered stocks with a P/E, at 7.57× as of 2026-10-02. A low P/E can signal a bargain, slower expected growth, or both, so it isn’t a buy signal by itself.
6. Cheapest by P/E: AT&T INC. (T) at 7.57×
AT&T INC. trades at the lowest price-to-earnings ratio in the covered set, 7.57×, on a delayed share price of $24.25 (WealthyBud data · 98 stocks with a P/E · 2026-10-02).
7. PROGRESSIVE CORP (PGR) trades at 10.76× earnings
PROGRESSIVE CORP is among the five lowest-P/E covered stocks, at 10.76× trailing earnings as of 2026-10-02 (WealthyBud data).
8. VERIZON COMMUNICATIONS INC (VZ) trades at 11.08× earnings
VERIZON COMMUNICATIONS INC is among the five lowest-P/E covered stocks, at 11.08× trailing earnings as of 2026-10-02 (WealthyBud data).
| Rank | Ticker | Company | P/E | P/S | Share price |
|---|---|---|---|---|---|
| 1 | T | AT&T INC. | 7.57× | 1.32× | $24.25 |
| 2 | PGR | PROGRESSIVE CORP | 10.76× | 1.39× | $209.21 |
| 3 | VZ | VERIZON COMMUNICATIONS INC | 11.08× | 1.38× | $45.79 |
| 4 | WFC | WELLS FARGO & COMPANY | 11.38× | 2.90× | $80.28 |
| 5 | BAC | Bank of America Corporation | 12.29× | 3.32× | $53.62 |
- AT&T INC. (T) trades at 7.57× earnings.
- PROGRESSIVE CORP (PGR) trades at 10.76× earnings.
- VERIZON COMMUNICATIONS INC (VZ) trades at 11.08× earnings.
Which covered stocks trade priciest on P/E?
Palo Alto Networks, Inc (PANW) has the highest P/E in WealthyBud’s dataset, 1,070×, because its net income ($307.0M) is 0.09% of its $328.6B market value; its operating income was $695.0M. WealthyBud treats a P/E of 1,000× or more as an outlier: at that level net income is below 0.1% of market value. Excluding that outlier, ADVANCED MICRO DEVICES INC (AMD) is highest at 241.38×.
9. Palo Alto Networks, Inc (PANW) has the highest P/E: 1,070×
Palo Alto Networks, Inc has a 1,070× P/E because its net income ($307.0M) is 0.09% of its $328.6B market value; its operating income was $695.0M. WealthyBud treats a P/E of 1,000× or more as an outlier: at that level net income is below 0.1% of market value, so this page names it separately. (WealthyBud data · 2026-10-02).
10. Highest P/E below 1,000×: ADVANCED MICRO DEVICES INC (AMD) at 241.38×
Setting aside that outlier, ADVANCED MICRO DEVICES INC carries the highest P/E among covered stocks, 241.38× as of 2026-10-02; its net income is $4.3B (WealthyBud data · 98 stocks with a P/E).
11. THE ESTEE LAUDER COMPANIES INC. (EL) trades at 181.66× earnings
THE ESTEE LAUDER COMPANIES INC. is among the covered stocks with the highest P/E ratios, 181.66× as of 2026-10-02 (WealthyBud data).
| Rank | Ticker | Company | P/E | Net income | Note |
|---|---|---|---|---|---|
| 1 | PANW | Palo Alto Networks, Inc | 1,070.22× | $307.0M | Outlier (P/E 1,000× or more) |
| 2 | AMD | ADVANCED MICRO DEVICES INC | 241.38× | $4.3B | |
| 3 | EL | THE ESTEE LAUDER COMPANIES INC. | 181.66× | $182.0M | |
| 4 | MU | Micron Technology, Inc. | 142.02× | $8.5B | |
| 5 | ABBV | AbbVie Inc. | 109.62× | $4.2B |
Screen all 103 covered stocks by P/E, P/S, growth and Investor Score
How many covered stocks trade above 30× or 50× earnings?
49 of the 98 covered stocks with a P/E trade above 30× earnings, and 21 trade above 50×, as of 2026-10-02. The middle half of the group, by the interquartile range, runs from 19.1× to 44.6×.
12. 49 of 98 covered stocks trade above 30× earnings
49 of the 98 covered stocks with a P/E carry a P/E above 30×, 50% of the pool, as of 2026-10-02 (WealthyBud data · 98 stocks with a P/E).
13. 21 of 98 covered stocks trade above 50× earnings
A smaller group, 21 of 98 covered stocks with a P/E, trades above 50× earnings (WealthyBud data · 2026-10-02).
14. Interquartile range: 19.1× to 44.6×
The middle 50% of covered stocks by P/E — the interquartile range — runs from 19.1× at the 25th percentile to 44.6× at the 75th percentile, with a 29.4× median in between (WealthyBud data · 98 stocks with a P/E · 2026-10-02).
How do price-to-sales ratios compare across covered stocks?
CVS HEALTH CORPORATION (CVS) has the lowest price-to-sales ratio WealthyBud tracks, 0.27×, while Micron Technology, Inc. (MU) is richest at 32.45×. P/S holds up even for unprofitable companies, since it never divides by a near-zero or negative number.
15. Cheapest by P/S: CVS HEALTH CORPORATION (CVS) at 0.27×
CVS HEALTH CORPORATION trades at the lowest price-to-sales ratio in the covered set, 0.27×, on $402.1B in revenue (WealthyBud data · 99 stocks · 2026-10-02).
16. Priciest by P/S: Micron Technology, Inc. (MU) at 32.45×
Micron Technology, Inc. carries the richest price-to-sales ratio WealthyBud tracks, 32.45×, on $37.4B in revenue (WealthyBud data · 2026-10-02).
| Type | Ticker | Company | P/S |
|---|---|---|---|
| Cheapest | CVS | CVS HEALTH CORPORATION | 0.27× |
| Cheapest | TGT | Target Corporation | 0.67× |
| Cheapest | UNH | UnitedHealth Group Incorporated | 0.74× |
| Cheapest | UPS | UNITED PARCEL SERVICE INC | 0.89× |
| Cheapest | NKE | NIKE, Inc. | 1.07× |
| Priciest | MU | Micron Technology, Inc. | 32.45× |
| Priciest | AMD | ADVANCED MICRO DEVICES INC | 29.75× |
| Priciest | MRVL | MARVELL TECHNOLOGY, INC | 29.11× |
| Priciest | ANET | Arista Networks, Inc. | 28.92× |
| Priciest | PANW | Palo Alto Networks, Inc | 28.62× |
How are the largest covered companies valued?
The 5 largest covered companies by market cap trade at P/E ratios from 28.6× to 47.1×; 4 of them sit above WealthyBud’s 29.4× median for the full covered set.
17. NVIDIA CORP (NVDA): $5.65T market cap, 47.08× P/E, 26.18× P/S
NVIDIA CORP trades at a 47.08× P/E and a 26.18× P/S on a $5.65T market cap (WealthyBud data · 2026-10-02).
18. Apple Inc. (AAPL): $4.86T market cap, 43.37× P/E, 11.67× P/S
Apple Inc. trades at a 43.37× P/E and an 11.67× P/S on a $4.86T market cap (WealthyBud data · 2026-10-02).
| Ticker | Company | Market cap | P/E | P/S |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | $5.65T | 47.08× | 26.18× |
| AAPL | Apple Inc. | $4.86T | 43.37× | 11.67× |
| GOOGL | Alphabet Inc. | $4.20T | 31.75× | 10.42× |
| MSFT | MICROSOFT CORPORATION | $3.82T | 28.58× | 11.52× |
| AMZN | AMAZON COM INC | $2.70T | 34.79× | 3.77× |
What this means for investors
A single P/E number can mislead. Palo Alto Networks, Inc’s 1,070× reading reflects net income that is small next to its market value ($307.0M against $328.6B). Checking P/S or revenue growth alongside P/E shows when a small earnings figure is driving the multiple.
Cheap isn’t automatically good. AT&T INC. trades at 7.6× earnings, against the 29.4× median, but a low multiple can reflect slower expected growth or sector-wide skepticism as easily as a mispriced bargain.
The broad market is above its own history. A 40.90× Shiller CAPE (September 2026) is more than double its long-run mean, and a 26.04× S&P 500 P/E (September 2026) is about 1.6 times its own. WealthyBud’s 29.4× median, a different measure, sits above the index P/E and below the CAPE. 4 of the 5 largest covered companies with a P/E trade above that median.
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