Valuation multiples › P/E ratio
P/E ratio by sector and industry
Price-to-earnings ratio: median and quartiles across 11 GICS sectors and 158 industries, from 27,914 valued stocks worldwide.
As of October 5, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 12.1 (Financials, 2,646 values), the highest 28.6 (Information Technology, 2,281 values).
That is a factor of 2.4 between the two: the same ratio means different things in different sectors, so compare within the industry.
The middle sector (Communication Services) has a median of 17.3; half of its 646 stocks sit between 10.1 and 35.5.
P/E ratio by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Financials | 8.3 | 12.1 | 19.1 | 2,646 |
| Real Estate | 7.5 | 12.5 | 24.2 | 1,287 |
| Energy | 9.0 | 15.1 | 24.7 | 614 |
| Utilities | 10.7 | 16.8 | 26.4 | 543 |
| Consumer Staples | 11.2 | 17.0 | 28.0 | 1,235 |
| Communication Services | 10.1 | 17.3 | 35.5 | 646 |
| Consumer Discretionary | 10.8 | 17.9 | 32.2 | 2,517 |
| Materials | 11.4 | 18.7 | 34.5 | 2,207 |
| Industrials | 12.4 | 20.7 | 37.6 | 3,927 |
| Health Care | 14.3 | 24.5 | 43.6 | 1,328 |
| Information Technology | 15.4 | 28.6 | 56.8 | 2,281 |
P/E ratio by industry (158)
Grouped by sector, sorted by median within each sector. Only industries with at least ten valued stocks.
Communication Services (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Publishing | 9.3 | 13.5 | 30.5 | 75 |
| Broadcasting | 10.2 | 14.8 | 25.7 | 39 |
| Electronic Gaming & Multimedia | 10.2 | 15.8 | 32.5 | 74 |
| Internet Content & Information | 9.7 | 16.6 | 28.9 | 71 |
| Telecom Services | 10.8 | 17.3 | 30.4 | 173 |
| Entertainment | 10.4 | 19.7 | 42.8 | 111 |
| Advertising Agencies | 10.4 | 19.8 | 44.9 | 102 |
Consumer Discretionary (27)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Textile Industrial | 7.2 | 9.2 | 17.0 | 12 |
| Residential Construction | 8.8 | 12.4 | 15.7 | 52 |
| Textiles | 5.9 | 12.8 | 35.3 | 19 |
| Luxury Goods | 9.9 | 14.4 | 26.8 | 104 |
| Personal Services | 10.6 | 14.4 | 20.1 | 30 |
| Auto & Truck Dealerships | 10.2 | 16.0 | 24.0 | 67 |
| Apparel Retail | 10.0 | 16.0 | 29.9 | 76 |
| Footwear & Accessories | 10.7 | 16.1 | 27.1 | 66 |
| Specialty Retail | 10.1 | 16.1 | 25.9 | 158 |
| Recreational Vehicles | 9.7 | 16.2 | 26.5 | 22 |
| Textile Manufacturing | 10.5 | 16.7 | 39.3 | 253 |
| Apparel Manufacturing | 10.4 | 17.1 | 31.5 | 138 |
| Gambling | 10.5 | 17.3 | 36.4 | 33 |
| Home Improvement Retail | 13.0 | 17.4 | 20.0 | 26 |
| Education & Training Services | 10.1 | 17.5 | 26.6 | 73 |
| Travel Services | 11.6 | 17.9 | 34.3 | 64 |
| Restaurants | 13.2 | 18.2 | 27.9 | 134 |
| Furnishings, Fixtures & Appliances | 12.0 | 18.3 | 32.9 | 207 |
| Lodging | 13.3 | 18.9 | 34.9 | 111 |
| Auto Manufacturers | 10.0 | 19.2 | 34.3 | 69 |
| Leisure | 11.5 | 19.3 | 30.9 | 121 |
| Resorts & Casinos | 12.6 | 19.3 | 31.9 | 40 |
| Consumer Electronics | 12.8 | 20.4 | 38.6 | 76 |
| Department Stores | 11.8 | 20.9 | 35.2 | 74 |
| Auto Parts | 12.7 | 21.1 | 36.2 | 475 |
| Discount Stores | 15.7 | 21.4 | 33.8 | 20 |
| Internet Retail | 12.9 | 22.4 | 39.3 | 61 |
Consumer Staples (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Farm Products | 8.7 | 14.0 | 24.9 | 200 |
| Tobacco | 9.1 | 14.1 | 20.7 | 28 |
| Beverages - Brewers | 12.1 | 16.3 | 23.7 | 42 |
| Packaged Foods | 11.4 | 16.8 | 26.2 | 466 |
| Food Distribution | 11.4 | 16.8 | 27.3 | 57 |
| Confectioners | 9.6 | 16.8 | 28.3 | 56 |
| Household & Personal Products | 12.1 | 17.3 | 26.7 | 155 |
| Beverages - Non-Alcoholic | 12.7 | 18.1 | 25.5 | 67 |
| Grocery Stores | 12.7 | 18.5 | 26.1 | 59 |
| Pharmaceutical Retailers | 15.4 | 20.3 | 30.2 | 39 |
| Beverages - Wineries & Distilleries | 13.0 | 20.8 | 62.8 | 65 |
| Food & Tobacco | 10.3 | 21.9 | 41.2 | 19 |
| Agricultural Products | 8.3 | 33.7 | 44.6 | 14 |
Energy (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Oil & Gas Drilling | 7.1 | 11.0 | 19.3 | 20 |
| Oil & Gas Midstream | 8.5 | 13.4 | 22.8 | 73 |
| Oil & Gas Integrated | 10.6 | 14.1 | 18.5 | 36 |
| Oil & Gas E&P | 8.1 | 14.2 | 22.5 | 156 |
| Oil & Gas Refining & Marketing | 8.9 | 14.5 | 19.9 | 86 |
| Thermal Coal | 9.2 | 16.1 | 29.6 | 68 |
| Oil & Gas Equipment & Services | 11.5 | 17.8 | 30.3 | 132 |
Financials (19)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| REIT - Mortgage | 5.3 | 7.7 | 12.9 | 28 |
| Insurance - Specialty | 7.9 | 9.1 | 13.6 | 25 |
| Insurance - Reinsurance | 5.7 | 9.5 | 11.5 | 23 |
| Banks - Regional | 9.1 | 11.5 | 14.6 | 1,003 |
| Credit Services | 6.8 | 11.5 | 21.8 | 265 |
| Insurance - Property & Casualty | 8.3 | 11.8 | 15.1 | 97 |
| Diversified Financial Services | 8.6 | 12.0 | 29.6 | 11 |
| Asset Management | 6.1 | 12.1 | 22.5 | 482 |
| Insurance - Diversified | 8.6 | 12.8 | 19.1 | 74 |
| Insurance - Life | 6.9 | 13.1 | 20.1 | 77 |
| Banks - Diversified | 11.0 | 13.7 | 16.9 | 43 |
| Capital Markets | 8.8 | 14.2 | 25.0 | 324 |
| Investment Brokerage - National | 5.0 | 15.5 | 30.2 | 13 |
| Mortgage Finance | 8.1 | 15.6 | 156.2 | 66 |
| Financial Conglomerates | 9.4 | 16.1 | 25.6 | 44 |
| Insurance Brokers | 7.6 | 17.9 | 31.5 | 31 |
| Financial Data & Stock Exchanges | 19.0 | 23.3 | 31.5 | 42 |
| Specialized Finance | 7.4 | 31.0 | 44.5 | 11 |
| Shell Companies | 5.4 | 39.3 | 74.1 | 18 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Medical Distribution | 10.0 | 14.8 | 24.7 | 62 |
| Pharmaceuticals | 11.8 | 19.4 | 31.1 | 23 |
| Medical Care Facilities | 12.4 | 19.5 | 34.9 | 191 |
| Drug Manufacturers - Specialty & Generic | 13.8 | 23.0 | 45.5 | 360 |
| Drug Manufacturers - General | 15.5 | 23.3 | 37.7 | 57 |
| Healthcare Plans | 15.9 | 23.4 | 29.5 | 12 |
| Medical Devices | 17.0 | 25.4 | 41.9 | 177 |
| Medical Instruments & Supplies | 15.1 | 26.2 | 43.3 | 141 |
| Biotechnology | 12.3 | 26.6 | 54.6 | 195 |
| Health Information Services | 19.0 | 30.1 | 44.3 | 64 |
| Diagnostics & Research | 20.9 | 32.9 | 52.9 | 76 |
Industrials (26)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Airlines | 9.4 | 12.4 | 27.8 | 43 |
| Marine Shipping | 7.8 | 12.4 | 21.4 | 191 |
| Infrastructure Operations | 10.7 | 13.7 | 21.5 | 57 |
| Rental & Leasing Services | 9.2 | 13.9 | 21.5 | 63 |
| Construction & Engineering | 11.0 | 14.1 | 84.7 | 14 |
| Conglomerates | 8.7 | 14.4 | 30.1 | 236 |
| Staffing & Employment Services | 11.0 | 14.5 | 21.8 | 63 |
| Integrated Freight & Logistics | 10.7 | 14.5 | 28.0 | 150 |
| Engineering & Construction | 10.8 | 16.9 | 30.0 | 568 |
| Airports & Air Services | 13.7 | 17.1 | 22.2 | 40 |
| Waste Management | 11.5 | 18.2 | 33.9 | 114 |
| Industrial Distribution | 10.1 | 18.3 | 32.4 | 88 |
| Farm & Heavy Construction Machinery | 12.2 | 18.5 | 29.7 | 117 |
| Consulting Services | 12.4 | 18.6 | 25.0 | 55 |
| Specialty Business Services | 12.3 | 18.6 | 34.0 | 166 |
| Business Equipment & Supplies | 12.4 | 19.3 | 26.0 | 49 |
| Building Products & Equipment | 11.6 | 19.6 | 37.4 | 179 |
| Tools & Accessories | 14.2 | 20.6 | 35.5 | 98 |
| Railroads | 12.5 | 21.0 | 31.5 | 95 |
| Pollution & Treatment Controls | 13.9 | 25.4 | 48.4 | 55 |
| Metal Fabrication | 12.9 | 25.6 | 47.5 | 173 |
| Industrial Machinery | 23.7 | 27.0 | 49.7 | 14 |
| Trucking | 14.0 | 27.5 | 49.1 | 28 |
| Specialty Industrial Machinery | 17.9 | 27.6 | 52.0 | 605 |
| Electrical Equipment & Parts | 18.2 | 30.5 | 53.8 | 403 |
| Aerospace & Defense | 22.4 | 37.6 | 55.4 | 173 |
Information Technology (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Electronics & Computer Distribution | 10.1 | 15.7 | 28.5 | 125 |
| Computer Hardware | 14.0 | 19.2 | 41.7 | 145 |
| Information Technology Services | 13.4 | 19.6 | 34.2 | 328 |
| IT Services | 11.5 | 20.4 | 36.9 | 19 |
| Security & Protection Services | 13.1 | 21.6 | 34.5 | 66 |
| Software - Infrastructure | 12.9 | 24.3 | 47.6 | 205 |
| Software - Application | 14.4 | 25.1 | 48.8 | 399 |
| Solar | 14.8 | 25.3 | 43.1 | 50 |
| Communication Equipment | 16.4 | 33.5 | 76.8 | 183 |
| Scientific & Technical Instruments | 19.8 | 36.9 | 63.6 | 105 |
| Electronic Components | 21.1 | 37.7 | 67.3 | 446 |
| Semiconductors | 24.6 | 45.0 | 89.1 | 232 |
| Semiconductor Equipment & Materials | 31.6 | 50.3 | 76.3 | 129 |
Materials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Containers & Packaging | 7.2 | 10.5 | 13.4 | 12 |
| Other Precious Metals & Mining | 5.3 | 11.9 | 20.9 | 42 |
| Gold | 8.2 | 12.6 | 18.4 | 120 |
| Aluminum | 8.6 | 13.7 | 19.2 | 60 |
| Metals & Mining | 7.3 | 13.9 | 24.1 | 15 |
| Agricultural Inputs | 10.2 | 15.0 | 25.6 | 125 |
| Other Industrial Metals & Mining | 10.4 | 15.4 | 26.7 | 158 |
| Packaging & Containers | 10.2 | 16.3 | 31.0 | 193 |
| Steel | 11.2 | 17.0 | 29.7 | 277 |
| Paper & Paper Products | 10.7 | 18.0 | 29.6 | 85 |
| Building Materials | 11.5 | 18.7 | 33.9 | 184 |
| Other | 8.4 | 18.8 | 49.5 | 76 |
| Copper | 13.8 | 19.8 | 35.9 | 44 |
| Lumber & Wood Production | 13.9 | 21.6 | 42.8 | 36 |
| Chemicals | 13.1 | 22.5 | 43.8 | 219 |
| Specialty Chemicals | 14.1 | 23.7 | 42.0 | 512 |
Real Estate (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Operations | 4.2 | 7.6 | 29.8 | 32 |
| REIT - Retail | 7.5 | 11.1 | 19.9 | 79 |
| REIT - Diversified | 7.6 | 11.3 | 18.5 | 109 |
| Real Estate - Development | 6.9 | 11.7 | 26.0 | 369 |
| Real Estate Services | 7.2 | 11.7 | 21.3 | 370 |
| Real Estate - Diversified | 7.3 | 11.7 | 19.4 | 91 |
| REIT - Hotel & Motel | 8.4 | 13.6 | 20.2 | 22 |
| REIT - Industrial | 10.1 | 14.1 | 23.1 | 48 |
| REIT - Specialty | 10.1 | 15.9 | 26.2 | 29 |
| REIT - Healthcare Facilities | 15.1 | 19.0 | 26.9 | 21 |
| REIT - Residential | 7.8 | 20.9 | 45.1 | 36 |
| REIT - Office | 11.1 | 21.4 | 34.4 | 42 |
| Real Estate Development | 12.0 | 24.8 | 78.2 | 15 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Independent Power Producers | 9.4 | 15.6 | 26.8 | 63 |
| Utilities - Regulated Gas | 11.8 | 15.6 | 20.1 | 83 |
| Utilities - Regulated Electric | 9.0 | 16.5 | 21.5 | 145 |
| Utilities - Diversified | 11.9 | 18.5 | 31.5 | 48 |
| Utilities - Regulated Water | 12.6 | 18.8 | 25.1 | 56 |
| Utilities - Renewable | 10.9 | 19.6 | 40.9 | 130 |
History of sector medians
| Month | Financials | Real Estate | Energy | Utilities | Consumer Staples | Communication Services | Consumer Discretionary | Materials | Industrials | Health Care | Information Technology |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09 | 12.8 | 12.9 | 15.8 | 17.6 | 17.5 | 17.7 | 18.9 | 19.4 | 21.5 | 24.2 | 29.8 |
| 2026-10 | 12.5 | 12.4 | 15.4 | 17.0 | 17.1 | 17.0 | 18.6 | 19.2 | 21.4 | 24.5 | 29.1 |
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Suggested citation: Fair Value Calculator (2026): Price-to-earnings ratio by sector and industry, as of October 5, 2026. https://www.fairvalue-calculator.com/valuation-multiples/pe-ratio
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Not financial advice. Metrics from reported filings (latest fiscal year or trailing twelve months), percentiles over the visible Fair Value Calculator universe; negative multiples are excluded and outliers beyond the 90th percentile are never the basis of a statement.