Goldman Sachs: Industrials Are "Even More Expensive" Than Tech Stocks; Global Sector Pricing Logic Is Shifting

Zhito Finance APP has learned that the latest sector valuation analysis from Goldman Sachs Research shows that the industrials sector's 12-month forward P/E ratio is now higher than that of the technology sector, indicating that relative valuations among global equity market sectors are shifting. The industrials sector's forward P/E ratio is 19.4x, above the overall market's 16.7x and the technology sector's 16.2x. The industrials sector has also ranked among the more highly valued sectors in global equity markets, trailing only growth stocks at 20.6x, consumer staples at 18.7x, and consumer discretionary at 18.7x.