19.74
Last update: 20 December 2024
The estimated P/E Ratio for Australia Stock Market is 19.74, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [14.60 , 18.50]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the EWA Etf, whose benchmark is the Australia Stock Market.
Historical P/E Ratio
When evaluating the P/E Ratio, it's important to not only look at its absolute value but also compare it to the average of previous periods. This allows for a more comprehensive understanding of the index/market valuation.
The following chart shows how the Australia Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
20 December 2024 · P/E Ratio: 19.74
20 December 2024 · P/E Ratio: 19.74 ·
1Y Average: 19.26 ·
1 Std Dev range: [17.71 , 20.82] ·
2 Std Dev range: [16.16 , 22.37]
20 December 2024 · P/E Ratio: 19.74 ·
5Y Average: 16.55 ·
1 Std Dev range: [14.60 , 18.50] ·
2 Std Dev range: [12.66 , 20.45]
20 December 2024 · P/E Ratio: 19.74 ·
10Y Average: 15.83 ·
1 Std Dev range: [14.63 , 17.02] ·
2 Std Dev range: [13.44 , 18.22]
20 December 2024 · P/E Ratio: 19.74 ·
20Y Average: 14.53 ·
1 Std Dev range: [13.22 , 15.85] ·
2 Std Dev range: [11.91 , 17.16]
Methodology
The Average P/E (μ) and the Standard Deviation (σ) are calculated excluding 20% outliers (i.e. over a range of values excluding 10% of observations from the top and 10% from the bottom of the dataset).
A P/E between (μ - σ) and (μ + σ) is considered "Fair", over a specific timeframe.
A P/E greater than (μ + σ) is defined "Overvalued", greater than (μ + 2σ) is defined "Expensive".
A P/E less than (μ - σ) is defined "Undervalued", less than (μ - 2σ) is defined "Cheap".
A P/E greater than (μ + σ) is defined "Overvalued", greater than (μ + 2σ) is defined "Expensive".
A P/E less than (μ - σ) is defined "Undervalued", less than (μ - 2σ) is defined "Cheap".
20 December 2024 · P/E Ratio: 19.74 · Last Periods metrics
Show all periods
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Range |
Analysis |
|||||
|---|---|---|---|---|---|---|
| Period | Average P/E (μ) |
Std Dev (σ) |
Std Dev Range [ μ-2σ · μ-σ , μ+σ · μ+2σ ] |
vs Current P/E ( 19.74 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 19.26 | 1.55 | [16.16 · 17.71 , 20.82 · 22.37] |
|
+0.30 σ |
Fair
|
| Last 2Y | 16.35 | 2.53 | [11.29 · 13.82 , 18.87 · 21.40] |
|
+1.34 σ |
Overvalued
|
| Last 3Y | 15.39 | 1.98 | [11.43 · 13.41 , 17.37 · 19.35] |
|
+2.19 σ |
Expensive
|
| Last 4Y | 15.99 | 1.87 | [12.24 · 14.11 , 17.86 · 19.74] |
|
+2.00 σ |
Expensive
|
| Last 5Y | 16.55 | 1.95 | [12.66 · 14.60 , 18.50 · 20.45] |
|
+1.63 σ |
Overvalued
|
| Last 6Y | 16.26 | 1.74 | [12.78 · 14.52 , 18.00 · 19.75] |
|
+2.00 σ |
Overvalued
|
| Last 7Y | 16.05 | 1.59 | [12.87 · 14.46 , 17.64 · 19.24] |
|
+2.32 σ |
Expensive
|
| Last 8Y | 15.93 | 1.37 | [13.20 · 14.57 , 17.30 · 18.66] |
|
+2.79 σ |
Expensive
|
| Last 9Y | 15.86 | 1.23 | [13.40 · 14.63 , 17.10 · 18.33] |
|
+3.14 σ |
Expensive
|
| Last 10Y | 15.83 | 1.20 | [13.44 · 14.63 , 17.02 · 18.22] |
|
+3.27 σ |
Expensive
|
| Last 11Y | 15.59 | 1.15 | [13.29 · 14.44 , 16.75 · 17.90] |
|
+3.59 σ |
Expensive
|
| Last 12Y | 15.42 | 1.15 | [13.12 · 14.27 , 16.57 · 17.72] |
|
+3.75 σ |
Expensive
|
| Last 13Y | 15.18 | 1.18 | [12.82 · 14.00 , 16.37 · 17.55] |
|
+3.85 σ |
Expensive
|
| Last 14Y | 14.94 | 1.34 | [12.26 · 13.60 , 16.27 · 17.61] |
|
+3.59 σ |
Expensive
|
| Last 15Y | 14.81 | 1.41 | [11.98 · 13.39 , 16.22 · 17.64] |
|
+3.49 σ |
Expensive
|
| Last 16Y | 14.72 | 1.41 | [11.89 · 13.30 , 16.13 · 17.54] |
|
+3.55 σ |
Expensive
|
| Last 17Y | 14.53 | 1.51 | [11.52 · 13.03 , 16.04 · 17.55] |
|
+3.45 σ |
Expensive
|
| Last 18Y | 14.56 | 1.43 | [11.70 · 13.13 , 15.99 · 17.42] |
|
+3.62 σ |
Expensive
|
| Last 19Y | 14.52 | 1.38 | [11.77 · 13.15 , 15.90 · 17.28] |
|
+3.78 σ |
Expensive
|
| Last 20Y | 14.53 | 1.31 | [11.91 · 13.22 , 15.85 · 17.16] |
|
+3.96 σ |
Expensive
|
P/E Comparison
How is the Australia Stock Market P/E Ratio, compared to other global ratios?
Swipe left to see all data
| Deviation vs μ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
|
Australia | 19.74 |
|
+0.30 σ | +1.63 σ | +3.27 σ | +3.96 σ | |
| All World | 20.46 |
|
+0.66 σ | +1.89 σ | +2.96 σ | +3.83 σ | ||
| Developed ex-US | 15.24 |
|
-0.08 σ | +0.27 σ | +0.86 σ | +1.52 σ | ||
Australia Stock Market Trend
Trend is evaluated considering the price of the EWA Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -5.29% | 20 Dec | |
| Short Term | Price vs SMA50 | -7.84% | 20 Dec |
The 200-day moving average is a long-term indicator that takes into account the average price of a stock over the past 200 trading days. It is considered a significant level of support or resistance, meaning that when the stock price is above the 200-day moving average (i.e. margin vs moving average is positive), it is generally viewed as bullish, while when it is below, it is viewed as bearish.
The 50-day moving average, on the other hand, is a shorter-term indicator that measures the average price of a stock over the past 50 trading days. It is also viewed as a significant level of support or resistance and can be used to identify shorter-term trends.