Valuations across sectors & countries
I looked at the S&P 500's valuations over the weekend. To re-iterate, valuations aren't very important for short-medium term traders, but are important for investors. While the S&P 500's valuations have improved significantly from just a few weeks ago, valuations are still not incredibly attractive. Valuations will become attractive for my portfolio if they fall a little more. Here are valuations across sectors and other countries if you're interested in more than just the S&P 500. The overall story is similar: valuations are getting towards the cheap side, but are not as cheap as during 2008.
S&P 500 sectors
Communication Services forward P/E = 13.99
Consumer Discretionary forward P/E = 17.07
Consumer Staples forward P/E = 16.46
Energy forward P/E = 15.23
Financials forward P/E = 8.37
Health care forward P/E = 12.56
Industrials forward P/E = 12.47
Materials forward P/E = 13.52
Technology forward P/E = 17.33
Utilities forward P/E = 14.6
Europe
Europe (Euro Stoxx 50) forward P/E = 10.62
Germany (DAX) forward P/E = 10.25
UK (FTSE 100) forward P/E = 9.97
France (CAC 40) forward P/E = 10.91
North & South America
Canada (S&P/TSX Composite Index) forward P/E = 11.62
Brazil (Ibovespa) forward P/E = 8.69
Mexico forward P/E = 10.88
Asia Pacific
Australia (S&P/ASX 200) forward P/E = 13.1
Japan (Nikkei 225) forward P/E = 13.34
Singapore (Strait Times Index) forward P/E = 10.54
South Korea (KOSPI) forward P/E = Index
China (Shanghai Index) forward P/E = 10.14
Taiwan (Taiwan Stock Exchange Weighted Index) forward P/E = 12.59
Emerging markets index
MSCI Emerging Markets Index forward P/E = 10.65