SPDR S&P 500 ETF Trust

BVL:SPY Stock Report

Market Cap: US$624.3b

SPDR S&P 500 ETF Trust Valuation

Is SPY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SPY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPY ($600.85) is trading below our estimate of fair value ($730.89)

Significantly Below Fair Value: SPY is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPY?

Key metric: As SPY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SPY. This is calculated by dividing SPY's market cap by their current earnings.
What is SPY's PE Ratio?
PE Ratio5.3x
EarningsUS$117.90b
Market CapUS$624.35b

Price to Earnings Ratio vs Peers

How does SPY's PE Ratio compare to its peers?

Insufficient data to calculate this valuation analysis check
The above table shows the PE ratio for SPY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Averagen/a
SPY SPDR S&P 500 ETF Trust
5.3xn/aUS$624.3b

Price-To-Earnings vs Peers: Insufficient data to calculate SPY's Price-To-Earnings Ratio vs. peers for valuation analysis.

Price to Earnings Ratio vs Industry

How does SPY's PE Ratio compare vs other companies in the South American Capital Markets Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SPY 5.3xIndustry Avg. 9.4xNo. of Companies8PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SPY is good value based on its Price-To-Earnings Ratio (5.3x) compared to the South American Capital Markets industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is SPY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPY's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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