Belgium Stock Market: current P/E Ratio

15.89
Last update: 24 May 2024

The estimated P/E Ratio for Belgium Stock Market is 15.89, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [13.06 , 18.79]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWK Etf, whose benchmark is the Belgium 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 Belgium Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

24 May 2024 · P/E Ratio: 15.89
24 May 2024 · P/E Ratio: 15.89 · 1Y Average: 11.52 · 1 Std Dev range: [10.78 , 12.26] · 2 Std Dev range: [10.04 , 13.00]
24 May 2024 · P/E Ratio: 15.89 · 5Y Average: 15.92 · 1 Std Dev range: [13.06 , 18.79] · 2 Std Dev range: [10.19 , 21.66]
24 May 2024 · P/E Ratio: 15.89 · 10Y Average: 16.89 · 1 Std Dev range: [14.99 , 18.80] · 2 Std Dev range: [13.08 , 20.71]
24 May 2024 · P/E Ratio: 15.89 · 20Y Average: 14.28 · 1 Std Dev range: [11.73 , 16.83] · 2 Std Dev range: [9.19 , 19.38]
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".
24 May 2024 · P/E Ratio: 15.89 · 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
( 15.89 )
Deviation
vs μ
Valuation
Last 1Y 11.52 0.74 [10.04 · 10.78 , 12.26 · 13.00]
+5.91 σ
Expensive
Last 2Y 12.25 1.77 [8.71 · 10.48 , 14.01 · 15.78]
+2.06 σ
Expensive
Last 3Y 14.44 3.14 [8.16 · 11.30 , 17.58 · 20.72]
+0.46 σ
Fair
Last 4Y 15.86 3.32 [9.22 · 12.54 , 19.18 · 22.50]
+0.01 σ
Fair
Last 5Y 15.92 2.87 [10.19 · 13.06 , 18.79 · 21.66]
-0.01 σ
Fair
Last 6Y 15.71 2.45 [10.80 · 13.26 , 18.17 · 20.62]
+0.07 σ
Fair
Last 7Y 16.16 2.35 [11.47 · 13.82 , 18.51 · 20.85]
-0.12 σ
Fair
Last 8Y 16.51 2.25 [12.01 · 14.26 , 18.76 · 21.01]
-0.28 σ
Fair
Last 9Y 16.76 2.13 [12.51 · 14.63 , 18.88 · 21.01]
-0.41 σ
Fair
Last 10Y 16.89 1.91 [13.08 · 14.99 , 18.80 · 20.71]
-0.53 σ
Fair
Last 11Y 16.71 1.80 [13.11 · 14.91 , 18.52 · 20.32]
-0.46 σ
Fair
Last 12Y 16.40 1.93 [12.55 · 14.48 , 18.33 · 20.26]
-0.27 σ
Fair
Last 13Y 15.97 2.19 [11.59 · 13.78 , 18.16 · 20.35]
-0.04 σ
Fair
Last 14Y 15.66 2.30 [11.07 · 13.36 , 17.95 · 20.25]
+0.10 σ
Fair
Last 15Y 15.47 2.32 [10.84 · 13.15 , 17.79 · 20.11]
+0.18 σ
Fair
Last 16Y 15.09 2.51 [10.07 · 12.58 , 17.60 · 20.12]
+0.32 σ
Fair
Last 17Y 14.77 2.66 [9.45 · 12.11 , 17.43 · 20.09]
+0.42 σ
Fair
Last 18Y 14.54 2.64 [9.26 · 11.90 , 17.18 · 19.82]
+0.51 σ
Fair
Last 19Y 14.38 2.59 [9.20 · 11.79 , 16.97 · 19.56]
+0.58 σ
Fair
Last 20Y 14.28 2.55 [9.19 · 11.73 , 16.83 · 19.38]
+0.63 σ
Fair

P/E Comparison

How is the Belgium Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Belgium 15.89
+5.91 σ -0.01 σ -0.53 σ +0.63 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Developed ex-US 16.13
+5.00 σ +1.32 σ +2.30 σ +2.35 σ

Belgium Stock Market Trend

Trend is evaluated considering the price of the EWK Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +7.63% 24 May
Short Term Price vs SMA50 +4.01% 24 May
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.