The Shiller P/E ratio – based on average real (inflation-adjusted) earnings from the last ten years – is at 27.08, with a mean and median of 16.59 and 15.96, respectively. And, in February, the forward 12-month earnings P/E ratio, which uses managers’ future earnings guidance, reached an 11-year high of 17.1, with the five- and ten-year averages standing at about 14 and the 15-year average at 16.
标准普尔12个月前瞻市盈率接近20，而长期平均值和中位值分别为15.53和14.57。希勒市盈率——取决于过去十年的平均实际（经通胀调整的）盈利——为27.08，平均值和中位值分别为16.59和15.96。此外，2月份12个月前瞻市盈率——根据经理人未来盈利指引算出——达到了11年来的高点17.1，五年和十年平均水平为14左右，15年平均水平为16。