6.70%

Historical Average

Avg YoY (Not compounded)

6.14%

1Y CAGR

Compounded Annually

4.17%

5Y CAGR

Compounded Annually

4.33%

10Y CAGR

Compounded Annually

3.44%

25Y CAGR

Compounded Annually

1.99%

All‑Time CAGR

Compounded Annually (1871 to present)

S&P 500 Historical Earnings Over Time

Data source: Historical U.S. equity data (1871–present), based on Robert J. Shiller’s reconstructed series (Yale University). Curated by Finanzapedia.

About Earnings

The S&P 500 aggregate/trailing earnings series used for valuation comparisons.

Key Insights

  • Series: Earnings shown are the S&P 500 trailing/aggregate earnings used for valuation comparisons.
  • Volatility: Earnings can be cyclical and affected by macroeconomic conditions and accounting changes.
  • Use with Caution: Use earnings alongside other metrics (P/E, CAPE, dividend yield) for a fuller view.
  • Data Source: Historical earnings are gathered from public data providers and adjusted for consistency where applicable.
Current Market Assessment

Valuation Scenarios:

Current Earnings: $214.07

At Mean P/E (16.20): 3,467.93 -49.9%

At Mean CAPE (17.33): 3,709.83 -46.4%

At Mean Dividend Yield (4.22%): 1,854.74 -73.2%

Research Methodology & Limitations

This analysis is produced by Finanzapedia's Team using publicly available historical data. Our assessments rely on quantitative frameworks and historical context to inform long-term valuation perspectives.

While we apply rigorous standards to ensure accuracy and consistency, past performance is not indicative of future results. Our ratings and commentary represent our independent opinion as of the date of publication and are not intended as investment advice or a recommendation to buy, sell, or hold any security.

Investors are solely responsible for their decisions and should perform their own due diligence, considering their risk tolerance, investment objectives, and financial circumstances.