Brazil Stock Market: current P/E Ratio

7.36
Last update: 24 May 2024

The estimated P/E Ratio for Brazil Stock Market is 7.36, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [6.72 , 11.16]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWZ Etf, whose benchmark is the Brazil 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 Brazil 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: 7.36
24 May 2024 · P/E Ratio: 7.36 · 1Y Average: 7.01 · 1 Std Dev range: [6.24 , 7.78] · 2 Std Dev range: [5.46 , 8.56]
24 May 2024 · P/E Ratio: 7.36 · 5Y Average: 8.94 · 1 Std Dev range: [6.72 , 11.16] · 2 Std Dev range: [4.50 , 13.38]
24 May 2024 · P/E Ratio: 7.36 · 10Y Average: 10.30 · 1 Std Dev range: [8.53 , 12.07] · 2 Std Dev range: [6.75 , 13.85]
24 May 2024 · P/E Ratio: 7.36 · 20Y Average: 9.70 · 1 Std Dev range: [8.02 , 11.37] · 2 Std Dev range: [6.34 , 13.05]
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: 7.36 · 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
( 7.36 )
Deviation
vs μ
Valuation
Last 1Y 7.01 0.77 [5.46 · 6.24 , 7.78 · 8.56]
+0.45 σ
Fair
Last 2Y 6.49 0.74 [5.02 · 5.76 , 7.23 · 7.97]
+1.17 σ
Overvalued
Last 3Y 6.94 0.78 [5.39 · 6.16 , 7.72 · 8.50]
+0.53 σ
Fair
Last 4Y 7.85 1.61 [4.63 · 6.24 , 9.46 · 11.07]
-0.31 σ
Fair
Last 5Y 8.94 2.22 [4.50 · 6.72 , 11.16 · 13.38]
-0.71 σ
Fair
Last 6Y 9.26 2.07 [5.11 · 7.19 , 11.33 · 13.41]
-0.92 σ
Fair
Last 7Y 9.75 2.13 [5.49 · 7.62 , 11.87 · 14.00]
-1.12 σ
Undervalued
Last 8Y 10.02 2.05 [5.92 · 7.97 , 12.07 · 14.12]
-1.30 σ
Undervalued
Last 9Y 10.16 1.94 [6.28 · 8.22 , 12.10 · 14.04]
-1.44 σ
Undervalued
Last 10Y 10.30 1.77 [6.75 · 8.53 , 12.07 · 13.85]
-1.66 σ
Undervalued
Last 11Y 10.24 1.64 [6.96 · 8.60 , 11.88 · 13.52]
-1.76 σ
Undervalued
Last 12Y 10.21 1.54 [7.14 · 8.67 , 11.75 · 13.28]
-1.86 σ
Undervalued
Last 13Y 10.07 1.49 [7.09 · 8.58 , 11.56 · 13.05]
-1.82 σ
Undervalued
Last 14Y 10.08 1.40 [7.28 · 8.68 , 11.47 · 12.87]
-1.95 σ
Undervalued
Last 15Y 10.27 1.41 [7.46 · 8.87 , 11.68 · 13.09]
-2.07 σ
Cheap
Last 16Y 10.14 1.47 [7.19 · 8.66 , 11.61 · 13.08]
-1.89 σ
Undervalued
Last 17Y 10.20 1.43 [7.34 · 8.77 , 11.62 · 13.05]
-1.99 σ
Undervalued
Last 18Y 10.04 1.46 [7.13 · 8.59 , 11.50 · 12.95]
-1.85 σ
Undervalued
Last 19Y 9.86 1.56 [6.73 · 8.30 , 11.42 · 12.98]
-1.60 σ
Undervalued
Last 20Y 9.70 1.68 [6.34 · 8.02 , 11.37 · 13.05]
-1.40 σ
Undervalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Brazil 7.36
+0.45 σ -0.71 σ -1.66 σ -1.40 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Emerging Markets 14.41
+4.30 σ +0.71 σ +1.46 σ +1.63 σ

Brazil Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -5.53% 24 May
Short Term Price vs SMA50 -3.92% 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.