Originally Posted by marko
Thanks! I'm just going by what M* says; I've found them to give odd numbers from time to time.
What would you expect to see for S&P numbers on those two that you think are incorrect? A quick search showed a recent S&P P/E of 24 (and a mean of 15), so if I were at 17 what does my portfolio being 7 points under that (or 2 points over the mean) imply?
Current Price/Forward Earnings of S&P is 19 (for 2020 Q4).
You being under that means that your holdings are a better "value" on an earnings basis. That does not necessarily translate in to a higher share price or better comparative performance. Generally, what the market wants to see is "earnings growth", which is more important than the P/E.
2019 S&P earnings growth was 1.9% and for 2020 it is currently projected to be 10%. So, it again looks like you are in the same neighborhood as S&P. However, take earning projections with a big grain of salt. They typically start out high and are slowly reduced through the year. 2019 was initially projected to be 8% growth, and look how that's turned out.