Track one of the most respected long-term valuation metrics in finance. CAPE smooths earnings over 10 years to reduce recession and boom noise, giving a cleaner read on broad U.S. equity valuation.
Loading Shiller CAPE data from Yale and FRED...
Current Shiller P/E
Data as of --
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016.840+
Key Valuation Metrics
Macro context for long-horizon investors
Historical Mean
16.8x
Historical Median
15.8x
vs Historical Mean
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Earnings Yield (1/CAPE)
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Current S&P 500 Price
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Data Source
Yale / FRED
Earnings Yield: --
At a CAPE of --, the implied long-run real return proxy is approximately -- per year. This is a rough macro valuation guide, not a guaranteed return forecast.
Historical CAPE Trend (1881 - Present)
Includes zone bands, historical mean/median, and major market events.
What CAPE Measures
The Shiller P/E compares the current S&P 500 price to average inflation-adjusted earnings over the past 10 years. It is designed for long-term valuation context and reduces one-year earnings distortions.
Data Freshness
CAPE is published monthly by Professor Robert Shiller at Yale. Daily S&P price updates come from FRED when available.
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Disclaimer: This tool is provided for informational and educational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. The Shiller P/E ratio is a long-term valuation indicator and does not predict short-term market movements. Historical valuation data is sourced from Professor Robert Shiller, Yale University. S&P 500 price data is sourced from FRED (Federal Reserve Bank of St. Louis) when available.