S&P 500: Still "favorable" or in line with long-term average

The expected 12-month price/earnings ratio for the S&P 500 is 19.8x, which is slightly below the slightly below the 5-year average (19.9x) (19.9x), but above the 10-year average (18.3).

Data from 25.4.25

The Equity Risk Premium of >5% shows that equities are "cheap" compared to real bond yields.

$SPY (+0.21%)
$CSPX (+0.31%)