If you take a longer time frame, these PE ratios are indeed pretty high. Even 24 is much higher than the ~15 historical median https://www.multpl.com/s-p-500-pe

If you take a longer time frame, these PE ratios are indeed pretty high. Even 24 is much higher than the ~15 historical median https://www.multpl.com/s-p-500-pe-ratio https://www.multpl.com/s-p-500-pe-ratio