@GlobalCollapse @LaMonicaBuzz @FactSet Agree but percentage is meaningless. Actually numbers do and don't support the forward p/e (as if forward PEs mean anything anymore). $SPX FY2020 is $128. +28% (for FY2021) = 163.4. So, we're trading at 19.4x FY 2021!! 5yr avg FWD (1yr) PE is 16.7. We're at 19.4x Full Year 2021.