That article is incorrect about the 26x PE multiple. You can see more in the comments of the article. I believe the author may have made an error confusing PE10 (price divided by AVERAGE earnings over 10 years) with PE on accident, but that is just a guess.
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Is A 3M Dividend Reinvestment Plan A Good Choice For Investors?
Thanks for reading!
Dividend Aristocrats In Focus Part 22: T. Rowe Price Group
That article is incorrect about the 26x PE multiple. You can see more in the comments of the article. I believe the author may have made an error confusing PE10 (price divided by AVERAGE earnings over 10 years) with PE on accident, but that is just a guess.
Dividend Aristocrats In Focus Part 22: T. Rowe Price Group
I have no idea. There is only one real PE multiple for the S&P 500. It is currently 18.28.
Source: http://www.multpl.com/