18.21
Last update: 20 December 2024
The estimated P/E Ratio for Canada Stock Market is 18.21, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [13.29 , 16.25]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the EWC Etf, whose benchmark is the Canada 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 Canada 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: 18.21
20 December 2024 · P/E Ratio: 18.21 ·
1Y Average: 17.09 ·
1 Std Dev range: [15.91 , 18.27] ·
2 Std Dev range: [14.73 , 19.45]
20 December 2024 · P/E Ratio: 18.21 ·
5Y Average: 14.77 ·
1 Std Dev range: [13.29 , 16.25] ·
2 Std Dev range: [11.81 , 17.73]
20 December 2024 · P/E Ratio: 18.21 ·
10Y Average: 14.87 ·
1 Std Dev range: [13.78 , 15.97] ·
2 Std Dev range: [12.68 , 17.07]
20 December 2024 · P/E Ratio: 18.21 ·
20Y Average: 14.21 ·
1 Std Dev range: [13.20 , 15.22] ·
2 Std Dev range: [12.19 , 16.23]
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: 18.21 · 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 ( 18.21 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 17.09 | 1.18 | [14.73 · 15.91 , 18.27 · 19.45] |
|
+0.94 σ |
Fair
|
| Last 2Y | 15.01 | 1.81 | [11.38 · 13.20 , 16.83 · 18.64] |
|
+1.76 σ |
Overvalued
|
| Last 3Y | 13.90 | 1.60 | [10.69 · 12.30 , 15.51 · 17.11] |
|
+2.68 σ |
Expensive
|
| Last 4Y | 14.35 | 1.43 | [11.48 · 12.91 , 15.78 · 17.21] |
|
+2.69 σ |
Expensive
|
| Last 5Y | 14.77 | 1.48 | [11.81 · 13.29 , 16.25 · 17.73] |
|
+2.32 σ |
Expensive
|
| Last 6Y | 14.49 | 1.32 | [11.84 · 13.17 , 15.81 · 17.13] |
|
+2.81 σ |
Expensive
|
| Last 7Y | 14.42 | 1.20 | [12.01 · 13.21 , 15.62 · 16.82] |
|
+3.15 σ |
Expensive
|
| Last 8Y | 14.56 | 1.10 | [12.35 · 13.46 , 15.67 · 16.77] |
|
+3.30 σ |
Expensive
|
| Last 9Y | 14.72 | 1.12 | [12.48 · 13.60 , 15.84 · 16.96] |
|
+3.11 σ |
Expensive
|
| Last 10Y | 14.87 | 1.10 | [12.68 · 13.78 , 15.97 · 17.07] |
|
+3.04 σ |
Expensive
|
| Last 11Y | 14.81 | 1.01 | [12.80 · 13.81 , 15.82 · 16.82] |
|
+3.37 σ |
Expensive
|
| Last 12Y | 14.65 | 1.06 | [12.53 · 13.59 , 15.70 · 16.76] |
|
+3.37 σ |
Expensive
|
| Last 13Y | 14.42 | 1.16 | [12.10 · 13.26 , 15.58 · 16.74] |
|
+3.27 σ |
Expensive
|
| Last 14Y | 14.33 | 1.17 | [11.99 · 13.16 , 15.50 · 16.67] |
|
+3.32 σ |
Expensive
|
| Last 15Y | 14.33 | 1.11 | [12.11 · 13.22 , 15.44 · 16.54] |
|
+3.50 σ |
Expensive
|
| Last 16Y | 14.23 | 1.11 | [12.00 · 13.12 , 15.34 · 16.45] |
|
+3.58 σ |
Expensive
|
| Last 17Y | 14.13 | 1.14 | [11.85 · 12.99 , 15.27 · 16.41] |
|
+3.57 σ |
Expensive
|
| Last 18Y | 14.19 | 1.11 | [11.98 · 13.08 , 15.30 · 16.40] |
|
+3.63 σ |
Expensive
|
| Last 19Y | 14.19 | 1.06 | [12.07 · 13.13 , 15.25 · 16.31] |
|
+3.78 σ |
Expensive
|
| Last 20Y | 14.21 | 1.01 | [12.19 · 13.20 , 15.22 · 16.23] |
|
+3.96 σ |
Expensive
|
P/E Comparison
How is the Canada 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 | |||
|
|
Canada | 18.21 |
|
+0.94 σ | +2.32 σ | +3.04 σ | +3.96 σ | |
| All World | 20.46 |
|
+0.66 σ | +1.89 σ | +2.96 σ | +3.83 σ | ||
Canada Stock Market Trend
Trend is evaluated considering the price of the EWC Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +1.47% | 20 Dec | |
| Short Term | Price vs SMA50 | -4.69% | 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.