20.22
Last update: 26 July 2024
The estimated P/E Ratio for Australia Stock Market is 20.22, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [14.55 , 17.86]. For this reason, the current P/E can be considered Expensive
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.
26 July 2024 · P/E Ratio: 20.22
26 July 2024 · P/E Ratio: 20.22 ·
1Y Average: 16.18 ·
1 Std Dev range: [14.36 , 18.01] ·
2 Std Dev range: [12.53 , 19.83]
26 July 2024 · P/E Ratio: 20.22 ·
5Y Average: 16.20 ·
1 Std Dev range: [14.55 , 17.86] ·
2 Std Dev range: [12.90 , 19.51]
26 July 2024 · P/E Ratio: 20.22 ·
10Y Average: 15.59 ·
1 Std Dev range: [14.58 , 16.60] ·
2 Std Dev range: [13.57 , 17.61]
26 July 2024 · P/E Ratio: 20.22 ·
20Y Average: 14.46 ·
1 Std Dev range: [13.21 , 15.71] ·
2 Std Dev range: [11.96 , 16.95]
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".
26 July 2024 · P/E Ratio: 20.22 · 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 ( 20.22 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 16.18 | 1.82 | [12.53 · 14.36 , 18.01 · 19.83] |
|
+2.21 σ |
Expensive
|
| Last 2Y | 14.65 | 1.37 | [11.91 · 13.28 , 16.03 · 17.40] |
|
+4.05 σ |
Expensive
|
| Last 3Y | 14.97 | 1.23 | [12.52 · 13.75 , 16.20 · 17.42] |
|
+4.28 σ |
Expensive
|
| Last 4Y | 15.92 | 1.76 | [12.40 · 14.16 , 17.68 · 19.44] |
|
+2.44 σ |
Expensive
|
| Last 5Y | 16.20 | 1.65 | [12.90 · 14.55 , 17.86 · 19.51] |
|
+2.43 σ |
Expensive
|
| Last 6Y | 15.86 | 1.47 | [12.91 · 14.39 , 17.33 · 18.80] |
|
+2.96 σ |
Expensive
|
| Last 7Y | 15.78 | 1.29 | [13.19 · 14.48 , 17.07 · 18.37] |
|
+3.43 σ |
Expensive
|
| Last 8Y | 15.73 | 1.09 | [13.55 · 14.64 , 16.82 · 17.91] |
|
+4.11 σ |
Expensive
|
| Last 9Y | 15.63 | 1.01 | [13.61 · 14.62 , 16.64 · 17.65] |
|
+4.53 σ |
Expensive
|
| Last 10Y | 15.59 | 1.01 | [13.57 · 14.58 , 16.60 · 17.61] |
|
+4.58 σ |
Expensive
|
| Last 11Y | 15.39 | 1.00 | [13.38 · 14.39 , 16.39 · 17.39] |
|
+4.82 σ |
Expensive
|
| Last 12Y | 15.22 | 1.05 | [13.13 · 14.17 , 16.26 · 17.31] |
|
+4.78 σ |
Expensive
|
| Last 13Y | 14.98 | 1.16 | [12.65 · 13.82 , 16.14 · 17.31] |
|
+4.50 σ |
Expensive
|
| Last 14Y | 14.73 | 1.35 | [12.03 · 13.38 , 16.08 · 17.43] |
|
+4.07 σ |
Expensive
|
| Last 15Y | 14.74 | 1.33 | [12.09 · 13.41 , 16.07 · 17.40] |
|
+4.12 σ |
Expensive
|
| Last 16Y | 14.52 | 1.45 | [11.63 · 13.08 , 15.97 · 17.42] |
|
+3.93 σ |
Expensive
|
| Last 17Y | 14.48 | 1.44 | [11.60 · 13.04 , 15.92 · 17.36] |
|
+3.98 σ |
Expensive
|
| Last 18Y | 14.46 | 1.37 | [11.71 · 13.08 , 15.83 · 17.20] |
|
+4.19 σ |
Expensive
|
| Last 19Y | 14.45 | 1.31 | [11.82 · 13.13 , 15.76 · 17.07] |
|
+4.39 σ |
Expensive
|
| Last 20Y | 14.46 | 1.25 | [11.96 · 13.21 , 15.71 · 16.95] |
|
+4.61 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 | 20.22 |
|
+2.21 σ | +2.43 σ | +4.58 σ | +4.61 σ | |
| All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 σ | ||
| Developed ex-US | 16.49 |
|
+3.85 σ | +1.53 σ | +2.61 σ | +2.67 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 | +4.31% | 26 Jul | |
| Short Term | Price vs SMA50 | -0.22% | 26 Jul |
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.