Brazil Stock Market: current P/E Ratio

8.44
Last update: 03 October 2024

The estimated P/E Ratio for Brazil Stock Market is 8.44, calculated on 03 October 2024.

Considering the last 5 years, an average P/E interval is [6.51 , 10.48]. 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.

03 October 2024 · P/E Ratio: 8.44
03 October 2024 · P/E Ratio: 8.44 · 1Y Average: 7.69 · 1 Std Dev range: [7.39 , 8.00] · 2 Std Dev range: [7.08 , 8.31]
03 October 2024 · P/E Ratio: 8.44 · 5Y Average: 8.49 · 1 Std Dev range: [6.51 , 10.48] · 2 Std Dev range: [4.52 , 12.46]
03 October 2024 · P/E Ratio: 8.44 · 10Y Average: 10.14 · 1 Std Dev range: [8.28 , 12.00] · 2 Std Dev range: [6.41 , 13.87]
03 October 2024 · P/E Ratio: 8.44 · 20Y Average: 9.73 · 1 Std Dev range: [8.10 , 11.35] · 2 Std Dev range: [6.47 , 12.98]
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".
03 October 2024 · P/E Ratio: 8.44 · 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
( 8.44 )
Deviation
vs μ
Valuation
Last 1Y 7.69 0.31 [7.08 · 7.39 , 8.00 · 8.31]
+2.44 σ
Expensive
Last 2Y 6.88 0.82 [5.25 · 6.06 , 7.70 · 8.52]
+1.90 σ
Overvalued
Last 3Y 6.88 0.71 [5.46 · 6.17 , 7.59 · 8.30]
+2.20 σ
Expensive
Last 4Y 7.41 0.99 [5.43 · 6.42 , 8.40 · 9.39]
+1.04 σ
Overvalued
Last 5Y 8.49 1.98 [4.52 · 6.51 , 10.48 · 12.46]
-0.03 σ
Fair
Last 6Y 9.04 2.10 [4.85 · 6.94 , 11.14 · 13.24]
-0.29 σ
Fair
Last 7Y 9.47 2.13 [5.21 · 7.34 , 11.60 · 13.73]
-0.48 σ
Fair
Last 8Y 9.76 2.08 [5.61 · 7.69 , 11.84 · 13.92]
-0.64 σ
Fair
Last 9Y 9.94 1.98 [5.98 · 7.96 , 11.92 · 13.90]
-0.76 σ
Fair
Last 10Y 10.14 1.86 [6.41 · 8.28 , 12.00 · 13.87]
-0.91 σ
Fair
Last 11Y 10.13 1.73 [6.67 · 8.40 , 11.86 · 13.58]
-0.98 σ
Fair
Last 12Y 10.14 1.61 [6.92 · 8.53 , 11.75 · 13.36]
-1.06 σ
Undervalued
Last 13Y 10.03 1.53 [6.97 · 8.50 , 11.57 · 13.10]
-1.04 σ
Undervalued
Last 14Y 10.00 1.47 [7.06 · 8.53 , 11.47 · 12.94]
-1.06 σ
Undervalued
Last 15Y 10.14 1.46 [7.22 · 8.68 , 11.59 · 13.05]
-1.16 σ
Undervalued
Last 16Y 10.07 1.50 [7.08 · 8.57 , 11.57 · 13.06]
-1.09 σ
Undervalued
Last 17Y 10.13 1.49 [7.15 · 8.64 , 11.62 · 13.11]
-1.13 σ
Undervalued
Last 18Y 10.04 1.46 [7.13 · 8.58 , 11.50 · 12.96]
-1.10 σ
Undervalued
Last 19Y 9.89 1.52 [6.85 · 8.37 , 11.41 · 12.93]
-0.95 σ
Fair
Last 20Y 9.73 1.63 [6.47 · 8.10 , 11.35 · 12.98]
-0.79 σ
Fair

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 8.44
+2.44 σ -0.03 σ -0.91 σ -0.79 σ
All World 21.10
+1.66 σ +2.46 σ +3.64 σ +4.40 σ
Emerging Markets 16.84
+4.98 σ +2.11 σ +3.77 σ +3.71 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 -5.62% 03 Oct
Short Term Price vs SMA50 -0.36% 03 Oct
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.