Valuation multiples › P/E ratio
P/E ratio by sector and industry
Price-to-earnings ratio: median and quartiles across 11 GICS sectors and 159 industries, from 29,151 valued stocks worldwide.
As of September 18, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 12.7 (Real Estate, 1,262 values), the highest 29.2 (Information Technology, 2,207 values).
That is a factor of 2.3 between the two: the same ratio means different things in different sectors, so compare within the industry.
The middle sector (Utilities) has a median of 17.7; half of its 532 stocks sit between 10.9 and 26.6.
P/E ratio by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate | 7.7 | 12.7 | 24.6 | 1,262 |
| Financials | 8.9 | 12.8 | 20.2 | 2,684 |
| Energy | 9.8 | 15.8 | 27.9 | 646 |
| Consumer Staples | 11.5 | 17.4 | 28.4 | 1,270 |
| Communication Services | 10.5 | 17.6 | 35.1 | 655 |
| Utilities | 10.9 | 17.7 | 26.6 | 532 |
| Consumer Discretionary | 11.3 | 18.9 | 33.5 | 2,550 |
| Materials | 12.0 | 19.8 | 36.8 | 2,193 |
| Industrials | 12.6 | 21.4 | 39.6 | 3,891 |
| Health Care | 14.9 | 24.4 | 44.3 | 1,344 |
| Information Technology | 16.6 | 29.2 | 61.3 | 2,207 |
P/E ratio by industry (159)
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 | 10.1 | 13.0 | 30.7 | 74 |
| Internet Content & Information | 11.4 | 16.5 | 30.7 | 75 |
| Electronic Gaming & Multimedia | 10.4 | 17.4 | 30.1 | 76 |
| Broadcasting | 12.1 | 17.6 | 31.8 | 37 |
| Advertising Agencies | 10.4 | 17.8 | 43.8 | 92 |
| Telecom Services | 11.0 | 18.0 | 30.1 | 167 |
| Entertainment | 10.1 | 19.6 | 38.7 | 110 |
Consumer Discretionary (26)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Residential Construction | 9.1 | 13.0 | 17.4 | 52 |
| Luxury Goods | 9.3 | 15.0 | 27.6 | 101 |
| Education & Training Services | 6.8 | 15.8 | 24.2 | 82 |
| Personal Services | 9.0 | 15.9 | 21.3 | 29 |
| Recreational Vehicles | 11.9 | 16.5 | 23.2 | 20 |
| Resorts & Casinos | 12.1 | 17.0 | 39.0 | 43 |
| Gambling | 10.5 | 17.1 | 29.0 | 32 |
| Footwear & Accessories | 10.3 | 17.2 | 34.1 | 60 |
| Specialty Retail | 10.7 | 17.5 | 29.6 | 160 |
| Travel Services | 11.6 | 17.6 | 36.5 | 60 |
| Apparel Retail | 10.5 | 17.6 | 32.1 | 69 |
| Restaurants | 13.3 | 17.9 | 26.0 | 132 |
| Apparel Manufacturing | 11.2 | 18.1 | 30.7 | 139 |
| Auto & Truck Dealerships | 11.1 | 18.1 | 25.7 | 62 |
| Home Improvement Retail | 12.3 | 18.2 | 22.7 | 29 |
| Textile Manufacturing | 11.3 | 19.0 | 44.6 | 238 |
| Leisure | 12.9 | 19.6 | 32.7 | 124 |
| Lodging | 15.1 | 20.2 | 33.7 | 104 |
| Furnishings, Fixtures & Appliances | 12.4 | 20.2 | 37.5 | 211 |
| Department Stores | 12.1 | 20.7 | 32.6 | 74 |
| Auto Manufacturers | 11.7 | 21.0 | 34.3 | 66 |
| Discount Stores | 16.2 | 21.9 | 36.6 | 20 |
| Internet Retail | 12.6 | 21.9 | 34.7 | 58 |
| Auto Parts | 13.0 | 22.0 | 39.3 | 473 |
| Textiles | 8.6 | 22.1 | 57.0 | 31 |
| Consumer Electronics | 14.3 | 23.0 | 42.3 | 76 |
Consumer Staples (14)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Farm Products | 8.2 | 12.5 | 26.1 | 193 |
| Tobacco | 10.9 | 14.9 | 23.5 | 29 |
| Packaged Foods | 12.0 | 17.0 | 28.1 | 466 |
| Household & Personal Products | 12.4 | 17.2 | 28.2 | 154 |
| Food Distribution | 9.6 | 17.3 | 24.1 | 55 |
| Beverages - Brewers | 13.5 | 17.4 | 22.4 | 42 |
| Confectioners | 10.9 | 18.0 | 31.4 | 51 |
| Beverages - Non-Alcoholic | 13.1 | 18.5 | 27.7 | 66 |
| Grocery Stores | 13.4 | 18.6 | 23.3 | 64 |
| Pharmaceutical Retailers | 15.3 | 19.0 | 27.5 | 36 |
| Beverages - Wineries & Distilleries | 12.6 | 19.5 | 39.6 | 68 |
| Food Products | 17.6 | 21.9 | 32.3 | 12 |
| Food & Tobacco | 11.5 | 21.9 | 41.2 | 19 |
| Agricultural Products | 8.5 | 26.2 | 40.3 | 17 |
Energy (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Oil & Gas Drilling | 7.0 | 12.4 | 18.6 | 18 |
| Thermal Coal | 9.3 | 14.6 | 29.7 | 75 |
| Oil & Gas Integrated | 11.8 | 15.5 | 19.5 | 46 |
| Oil & Gas Midstream | 9.4 | 15.6 | 25.8 | 72 |
| Oil & Gas E&P | 9.3 | 15.6 | 26.2 | 151 |
| Oil & Gas Refining & Marketing | 10.7 | 15.8 | 24.9 | 82 |
| Oil & Gas Equipment & Services | 11.5 | 17.7 | 35.6 | 130 |
Financials (18)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| REIT - Mortgage | 7.7 | 8.7 | 13.9 | 27 |
| Insurance - Reinsurance | 6.4 | 9.6 | 10.7 | 25 |
| Insurance - Specialty | 8.5 | 10.1 | 14.6 | 26 |
| Banks - Regional | 9.5 | 12.1 | 15.6 | 1,014 |
| Credit Services | 7.3 | 12.1 | 25.2 | 263 |
| Insurance - Life | 6.8 | 12.4 | 20.6 | 82 |
| Asset Management | 6.5 | 12.7 | 25.3 | 457 |
| Insurance - Property & Casualty | 8.9 | 12.8 | 15.7 | 100 |
| Specialized Finance | 7.3 | 12.9 | 23.4 | 14 |
| Insurance - Diversified | 9.2 | 13.2 | 18.7 | 73 |
| Banks - Diversified | 9.2 | 14.0 | 17.5 | 47 |
| Capital Markets | 9.9 | 15.3 | 27.9 | 321 |
| Mortgage Finance | 9.0 | 17.4 | 156.2 | 66 |
| Financial Conglomerates | 9.4 | 17.7 | 28.7 | 44 |
| Financial Services | 8.0 | 18.4 | 33.4 | 12 |
| Insurance Brokers | 12.4 | 19.1 | 28.9 | 26 |
| Financial Data & Stock Exchanges | 18.9 | 24.7 | 34.1 | 45 |
| Shell Companies | 23.7 | 38.8 | 74.2 | 20 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Pharmaceuticals | 12.1 | 18.3 | 36.5 | 26 |
| Medical Distribution | 10.8 | 18.4 | 26.9 | 58 |
| Medical Care Facilities | 13.1 | 20.2 | 33.9 | 184 |
| Drug Manufacturers - General | 16.8 | 22.3 | 35.6 | 56 |
| Drug Manufacturers - Specialty & Generic | 14.4 | 23.4 | 46.1 | 355 |
| Medical Instruments & Supplies | 15.6 | 25.3 | 47.1 | 143 |
| Medical Devices | 17.3 | 25.4 | 40.7 | 168 |
| Biotechnology | 13.5 | 26.1 | 55.7 | 202 |
| Diagnostics & Research | 20.3 | 31.3 | 53.8 | 75 |
| Health Information Services | 21.0 | 33.6 | 57.8 | 59 |
| Healthcare Plans | 16.8 | 36.6 | 49.7 | 12 |
Industrials (27)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Airlines | 8.7 | 10.9 | 21.6 | 40 |
| Marine Shipping | 7.7 | 13.2 | 23.5 | 190 |
| Infrastructure Operations | 9.0 | 13.3 | 19.9 | 61 |
| Rental & Leasing Services | 9.2 | 13.8 | 21.5 | 63 |
| Staffing & Employment Services | 11.9 | 14.2 | 23.7 | 61 |
| Construction & Engineering | 9.2 | 14.4 | 55.2 | 15 |
| Integrated Freight & Logistics | 11.0 | 15.2 | 27.0 | 145 |
| Conglomerates | 9.3 | 16.3 | 31.6 | 230 |
| Engineering & Construction | 10.5 | 16.7 | 30.8 | 562 |
| Airports & Air Services | 14.2 | 17.9 | 25.6 | 41 |
| Farm & Heavy Construction Machinery | 12.2 | 18.3 | 31.0 | 120 |
| Consulting Services | 12.4 | 19.1 | 26.6 | 57 |
| Building Products & Equipment | 12.8 | 19.2 | 40.7 | 176 |
| Business Equipment & Supplies | 12.9 | 19.3 | 27.1 | 49 |
| Specialty Business Services | 12.2 | 19.4 | 35.0 | 157 |
| Railroads | 12.4 | 19.6 | 29.6 | 98 |
| Waste Management | 11.7 | 20.7 | 32.8 | 116 |
| Industrial Distribution | 10.9 | 21.3 | 31.7 | 84 |
| Pollution & Treatment Controls | 11.6 | 23.3 | 40.5 | 54 |
| Industrial Machinery | 15.6 | 23.3 | 31.7 | 22 |
| Tools & Accessories | 14.5 | 24.0 | 39.2 | 95 |
| Trucking | 14.4 | 24.5 | 47.2 | 30 |
| Electrical Equipment | 19.2 | 28.0 | 44.8 | 17 |
| Metal Fabrication | 13.8 | 28.3 | 48.1 | 169 |
| Specialty Industrial Machinery | 18.6 | 29.5 | 50.2 | 607 |
| Electrical Equipment & Parts | 19.8 | 30.9 | 54.9 | 392 |
| Aerospace & Defense | 23.1 | 39.5 | 64.9 | 175 |
Information Technology (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Electronics & Computer Distribution | 11.8 | 18.4 | 28.6 | 115 |
| Information Technology Services | 13.3 | 19.0 | 35.3 | 325 |
| Security & Protection Services | 13.0 | 20.1 | 30.3 | 64 |
| Solar | 13.6 | 23.1 | 38.3 | 45 |
| IT Services | 12.7 | 23.2 | 34.3 | 33 |
| Software - Infrastructure | 13.6 | 23.7 | 50.7 | 191 |
| Computer Hardware | 15.4 | 24.5 | 50.3 | 147 |
| Software - Application | 15.5 | 26.5 | 49.0 | 370 |
| Communication Equipment | 18.6 | 35.7 | 72.0 | 170 |
| Scientific & Technical Instruments | 22.2 | 35.9 | 68.9 | 110 |
| Electronic Components | 21.3 | 37.4 | 71.0 | 432 |
| Semiconductors | 27.8 | 46.9 | 99.1 | 221 |
| Semiconductor Equipment & Materials | 35.2 | 55.8 | 90.0 | 121 |
Materials (17)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Gold | 9.7 | 12.8 | 21.6 | 119 |
| Containers & Packaging | 10.0 | 14.8 | 19.9 | 19 |
| Other | 8.0 | 15.6 | 42.0 | 82 |
| Agricultural Inputs | 10.7 | 15.7 | 28.2 | 122 |
| Metals & Mining | 7.2 | 15.7 | 27.8 | 14 |
| Aluminum | 9.6 | 17.0 | 28.5 | 63 |
| Coking Coal | 7.9 | 17.2 | 35.6 | 10 |
| Other Precious Metals & Mining | 8.1 | 17.3 | 24.1 | 36 |
| Other Industrial Metals & Mining | 10.3 | 17.3 | 33.1 | 159 |
| Paper & Paper Products | 9.7 | 17.8 | 31.4 | 85 |
| Packaging & Containers | 11.7 | 18.0 | 34.8 | 189 |
| Steel | 12.0 | 18.8 | 32.1 | 260 |
| Building Materials | 11.6 | 18.9 | 38.1 | 176 |
| Lumber & Wood Production | 12.6 | 19.4 | 37.9 | 36 |
| Copper | 16.1 | 20.4 | 33.4 | 38 |
| Specialty Chemicals | 14.9 | 25.3 | 44.0 | 486 |
| Chemicals | 15.5 | 26.1 | 43.8 | 210 |
Real Estate (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Operations | 4.2 | 8.5 | 29.8 | 32 |
| REIT - Retail | 8.5 | 11.7 | 19.4 | 78 |
| Real Estate - Development | 6.8 | 11.8 | 25.7 | 358 |
| Real Estate Services | 7.4 | 11.9 | 22.8 | 364 |
| Real Estate - Diversified | 8.0 | 12.0 | 17.9 | 89 |
| REIT - Diversified | 8.6 | 12.3 | 20.3 | 110 |
| REIT - Hotel & Motel | 10.4 | 13.5 | 21.4 | 21 |
| REIT - Industrial | 9.9 | 13.9 | 23.5 | 48 |
| Real Estate Development | 9.0 | 15.7 | 30.4 | 19 |
| REIT - Specialty | 11.5 | 17.0 | 27.9 | 29 |
| REIT - Office | 11.3 | 19.3 | 31.6 | 38 |
| REIT - Healthcare Facilities | 16.4 | 21.5 | 40.0 | 20 |
| REIT - Residential | 11.4 | 25.6 | 41.8 | 31 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Independent Power Producers | 9.3 | 15.5 | 25.8 | 56 |
| Utilities - Regulated Gas | 12.7 | 16.8 | 21.7 | 84 |
| Utilities - Regulated Electric | 10.5 | 17.7 | 24.3 | 141 |
| Utilities - Diversified | 10.9 | 18.0 | 26.2 | 49 |
| Utilities - Renewable | 9.9 | 19.4 | 35.0 | 133 |
| Utilities - Regulated Water | 12.4 | 21.0 | 27.4 | 55 |
Use it
P/E ratio calculator with live sector comparison → · Market valuation by sector and country → · Undervalued stocks by sector → · All 15 metrics →
Cite or reuse this table
Suggested citation: Fair Value Calculator (2026): Price-to-earnings ratio by sector and industry, as of September 18, 2026. https://www.fairvalue-calculator.com/valuation-multiples/pe-ratio
Free to use under CC BY 4.0 with attribution. Raw data: CSV · JSON · API and embedding
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.