S&P 500: PE as of today's close = 17.27

S&P Price/Earnings Ratio At 17.27, Up From 17.08

Last update: 6/8/2010 4:19:01 PM

NEW YORK (Dow Jones)--The price/earnings ratio of the Standard & Poor's 500 Index at the close of trading Tuesday was 17.27.

On Monday, the ratio ended at 17.08.

The price/earnings ratio for the S&P 500 measures the index's closing level divided by the index's total adjusted earnings for the most recent year.

In 2009, the most recently reported year, S&P 500 companies reported earnings of $61.50 a share.