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Sector/Industry
Normal P/E
Advertising Agencies
18
Aerospace & Defense
18
Agricultural Inputs
15
AIR TRANSPORTATION, SCHEDULED
12
Airlines
10
All Other Business Support Services
15
All Other Plastics Product Manufacturing
13
Aluminum
10
APPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL
16
Apparel Manufacturing
15
Apparel Retail
15
Apparel Stores
15
Asset Management
15
Auto & Truck Dealerships
12
Auto Manufacturers
10
Auto Parts
15
Automobile Manufacturing
8
Banks - Diversified
13
Banks - Global
12
Banks - Regional
13
Banks - Regional - US
13
Banks—Diversified
13
BEVERAGES
20
Beverages - Brewers
18
Beverages - Non-Alcoholic
25
Beverages - Soft Drinks
20
Beverages - Wineries & Distilleries
18
BIOLOGICAL PRODUCTS, (NO DISGNOSTIC SUBSTANCES)
18
Biotechnology
20
BLANK CHECKS
18
BOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS
20
Broadcasting
12
Broadcasting - Radio
14
Broadcasting - TV
15
Building Materials
16
Building Products & Equipment
16
Business Equipment
15
Business Equipment & Supplies
15
Business Services
18
Cable & Other Pay Television Services
15
Capital Markets
15
Casinos (except Casino Hotels)
15
Chemicals
15
CIGARETTES
10
Coal
10
COMMERCIAL BANKS, NEC
13
COMMERCIAL PRINTING
16
Communication Equipment
16
Communication Services
15
COMMUNICATIONS SERVICES, NEC
16
COMPUTER COMMUNICATIONS EQUIPMENT
15
Computer Hardware
16
COMPUTER PERIPHERAL EQUIPMENT, NEC
16
COMPUTER STORAGE DEVICES
14
Computer Systems
15
Confectioners
16
Conglomerates
20
CONSTRUCTION - SPECIAL TRADE CONTRACTORS
15
CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP
13
Consulting Services
18
Consumer Cyclical
15
Consumer Electronics
25
Contract Manufacturers
15
Convenience Stores
16
Copper
12
Credit Services
20
CRUDE PETROLEUM & NATURAL GAS
13
Crude Petroleum and Natural Gas Extraction
11
Data Processing, Hosting, and Related Services
20
Data Storage
16
DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
15
Department Stores
15
Diagnostics & Research
25
Dimension Stone Mining and Quarrying
12
Discount Stores
20
Diversified Industrials
15
DRILLING OIL & GAS WELLS
13
Drilling Oil and Gas Wells
12
Drug Manufacturers - General
15
Drug Manufacturers - Major
14
Drug Manufacturers - Specialty & Generic
15
Education & Training Services
15
ELECTRIC & OTHER SERVICES COMBINED
15
ELECTRIC HOUSEWARES & FANS
15
ELECTRIC SERVICES
13
Electrical Equipment & Parts
17
ELECTRICAL INDUSTRIAL APPARATUS
16
ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
18
Electromedical and Electrotherapeutic Apparatus Manufacturing
18
Electronic Components
17
Electronic Gaming & Multimedia
20
Electronic Shopping
18
Electronics & Computer Distribution
17
Electronics Distribution
18
Elementary and Secondary Schools
14
Engineering & Construction
18
Entertainment
18
Farm & Construction Equipment
15
Farm & Heavy Construction Machinery
15
Farm Products
15
FINANCE SERVICES
15
Financial Conglomerates
13
Financial Data & Stock Exchanges
23
Financial Exchanges
18
Financial Services
14
Financial Transactions Processing, Reserve, and Clearinghouse Activities
18
FIRE, MARINE & CASUALTY INSURANCE
13
Food Distribution
18
Food Service Contractors
15
Footwear & Accessories
15
Furnishings, Fixtures & Appliances
15
Gambling
18
GENERAL
15
GENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS
14
GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS
14
GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC
13
General Rental Centers
13
GLASS PRODUCTS, MADE OF PURCHASED GLASS
15
Gold
10
GOLD AND SILVER ORES
10
Grocery Stores
20
GUIDED MISSILES & SPACE VEHICLES & PARTS
18
Health Information Services
20
Healthcare
15
Healthcare Plans
20
HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS
15
Home Furnishings & Fixtures
16
Home Improvement Retail
20
Home Improvement Stores
20
HOSPITAL & MEDICAL SERVICE PLANS
18
HOTELS & MOTELS
12
Household & Personal Products
23
HOUSEHOLD AUDIO & VIDEO EQUIPMENT
15
HOUSEHOLD FURNITURE
15
Hydroelectric Power Generation
15
IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
20
Industrial Distribution
15
INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL
15
Industrial Metals & Minerals
8
Industrials
15
Information Technology Services
25
Insurance - Diversified
12
Insurance - Life
11
Insurance - Property & Casualty
15
Insurance - Reinsurance
11
Insurance - Specialty
13
Insurance Agencies and Brokerages
10
INSURANCE AGENTS, BROKERS & SERVICE
12
Insurance Brokers
12
Integrated Freight & Logistics
15
Integrated Shipping & Logistics
15
Internet Content & Information
25
Internet Retail
30
INVESTMENT ADVICE
16
Investment Banking and Securities Dealing
13
Leisure
20
Lodging
15
Long-Term Care Facilities
13
Lumber & Wood Production
16
Luxury Goods
18
Marine Shipping
8
Materials
15
Media - Diversified
16
Medical Care
15
Medical Care Facilities
15
Medical Devices
18
Medical Distribution
15
Medical Instruments & Supplies
18
Medicinal and Botanical Manufacturing
15
MEN'S & BOYS' FURNISHGS, WORK CLOTHG, & ALLIED GARMENTS
15
Men's Clothing Stores
14
METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM
15
Metal Fabrication
16
METAL MINING
13
METALWORKG MACHINERY & EQUIPMENT
15
MINERAL ROYALTY TRADERS
10
MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)
10
MISCELLANEOUS CHEMICAL PRODUCTS
15
MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES
17
MISCELLANEOUS TRANSPORTATION EQUIPMENT
14
MOBILE HOMES
16
Mortgage Finance
13
Motor and Generator Manufacturing
10
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
10
MOTOR VEHICLE PARTS & ACCESSORIES
13
MOTOR VEHICLES & PASSENGER CAR BODIES
10
MOTORS & GENERATORS
12
NATURAL GAS TRANSMISSION
12
Oil & Gas Drilling
15
Oil & Gas E&P
15
Oil & Gas Equipment & Services
15
OIL & GAS FIELD MACHINERY & EQUIPMENT
12
Oil & Gas Integrated
15
Oil & Gas Midstream
15
Oil & Gas Refining & Marketing
15
OPERATIVE BUILDERS
13
Other Activities Related to Credit Intermediation
14
Other Industrial Metals & Mining
12
Packaged Foods
18
Packaging & Containers
18
PAPER MILLS
10
PATENT OWNERS & LESSORS
15
Pay TV
12
PERSONAL CREDIT INSTITUTIONS
17
Personal Services
18
PETROLEUM REFINING
13
PHARMACEUTICAL PREPARATIONS
14
Pharmaceutical Retailers
14
Pipeline Transportation of Crude Oil
13
PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS
14
Pollution & Treatment Controls
18
PRINTED CIRCUIT BOARDS
14
Publishing
23
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
14
Railroads
15
RAILROADS, LINE-HAUL OPERATING
15
Real Estate - Development
10
Real Estate - Diversified
15
Real Estate - General
10
REAL ESTATE AGENTS & MANAGERS (FOR OTHERS)
13
REAL ESTATE INVESTMENT TRUSTS
10
Real Estate Services
18
Recreational Vehicles
18
REIT - Diversified
20
REIT - Healthcare Facilities
20
REIT - Hotel & Motel
20
REIT - Industrial
20
REIT - Mortgage
15
REIT - Office
20
REIT - Residential
20
REIT - Retail
20
REIT - Specialty
20
Rental & Leasing Services
15
Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
15
Residential Construction
12
Resorts & Casinos
20
Restaurants
25
RETAIL-CATALOG & MAIL-ORDER HOUSES
20
RETAIL-EATING PLACES
20
RETAIL-FAMILY CLOTHING STORES
14
RETAIL-FURNITURE STORES
13
RETAIL-GROCERY STORES
15
RETAIL-JEWELRY STORES
13
RETAIL-MISCELLANEOUS SHOPPING GOODS STORES
15
RETAIL-SHOE STORES
16
Rubber & Plastics
10
RUBBER & PLASTICS FOOTWEAR
16
SAVINGS INSTITUTION, FEDERALLY CHARTERED
10
Savings Institutions
12
Scientific & Technical Instruments
25
SEARCH, DETECTION, NAVAGATION, GUIDANCE, AERONAUTICAL SYS
18
Security & Protection Services
20
Semiconductor and Related Device Manufacturing
20
Semiconductor Equipment & Materials
25
Semiconductor Memory
15
Semiconductors
25
SEMICONDUCTORS & RELATED DEVICES
25
SERVICES-ADVERTISING
16
SERVICES-ADVERTISING AGENCIES
17
SERVICES-BUSINESS SERVICES, NEC
15
SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH
18
SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN
18
SERVICES-COMPUTER PROCESSING & DATA PREPARATION
20
SERVICES-COMPUTER PROGRAMMING SERVICES
20
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
20
SERVICES-EMPLOYMENT AGENCIES
15
SERVICES-HELP SUPPLY SERVICES
14
SERVICES-HOSPITALS
15
SERVICES-MANAGEMENT CONSULTING SERVICES
17
SERVICES-MISCELLANEOUS BUSINESS SERVICES
17
SERVICES-MOTION PICTURE THEATERS
15
SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE
15
SERVICES-PREPACKAGED SOFTWARE
25
SERVICES-TO DWELLINGS & OTHER BUILDINGS
12
Shipping & Ports
10
SOAP, DETERGENTS, CLEANG PREPARATIONS, PERFUMES, COSMETICS
18
Software - Application
30
Software - Infrastructure
30
Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
15
Software Publishers
20
Solar
20
SPECIAL INDUSTRY MACHINERY, NEC
15
Specialty Business Services
20
Specialty Chemicals
15
Specialty Finance
12
Specialty Industrial Machinery
15
Specialty Retail
15
Sporting and Athletic Goods Manufacturing
15
Staffing & Employment Services
20
Staffing & Outsourcing Services
20
STATE COMMERCIAL BANKS
13
Steel
15
STEEL PIPE & TUBES
13
STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS
13
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
15
Supermarkets and Other Grocery (except Convenience) Stores
15
SURETY INSURANCE
10
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
18
SWITCHGEAR & SWITCHBOARD APPARATUS
14
Technology
20
Technology Services
20
Telecom Services
18
Telecommunications Resellers
15
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
14
Testing Laboratories
18
Thermal Coal
8
Tobacco
20
Tools & Accessories
20
Travel Agencies
15
Travel Services
15
TRUCK & BUS BODIES
10
Truck Manufacturing
10
Trucking
15
TRUCKING & COURIER SERVICES (NO AIR)
14
Uranium
20
Utilities - Diversified
15
Utilities - Independent Power Producers
12
Utilities - Regulated Electric
15
Utilities - Regulated Gas
15
Utilities - Regulated Water
15
Utilities - Renewable
18
Utilities—Renewable
13
Waste Management
25
WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS
10
Water and Sewer Line and Related Structures Construction
15
WATER TRANSPORTATION
10
WHOLESALE-DURABLE GOODS, NEC
15
WHOLESALE-ELECTRICAL APPARATUS & EQUIPMENT, WIRING SUPPLIES
15
WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC
15
WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT
13
WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS
13
WOMEN'S, MISSES', AND JUNIORS OUTERWEAR
16
WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED)
15
X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS
18
RETAIL-DRUG STORES AND PROPRIETARY STORES
15
ELECTRONIC CONNECTORS
16
AGRICULTURAL PRODUCTION-CROPS
13
RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES
16
COMMUNICATIONS EQUIPMENT, NEC
17
ELECTRONIC COMPONENTS, NEC
16
LIFE INSURANCE
12
SERVICES-EDUCATIONAL SERVICES
15
GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES)
15
HEATING EQUIP, EXCEPT ELEC & WARM AIR; & PLUMBING FIXTURES
13
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
13
NA
15
SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES
13
INSURANCE CARRIERS, NEC
15
OPERATORS OF NONRESIDENTIAL BUILDINGS
14
OFFICE MACHINES, NEC
12
All Other Miscellaneous Chemical Product and Preparation Manufacturing
13
Postal Service
14
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