Big Tech stocks are getting cheaper, and that could mean gains of up to 60%

Big Tech stocks are getting cheaper, and that could mean gains of up to 60%Listen(8 min)Listen(8 min)Whether stocks are expensive depends on how you look at things.With a weighted forward price-to-earnings multiple of 22.4, the S&P 500 SPX is trading at an 11% premium to its five-year average of 20.1 and a 19% premium to its 10-year average of 18.8. About the AuthorPhilip van Doorn writes the Deep Dive investing column for MarketWatch. Follow him on Twitter @PhilipvanDoorn.Christine Ji is a reporter covering Big Tech.Copyright © 2025 MarketWatch, Inc. All rights reserved.