The estimated P/E Ratio for Canada Stock Market is 19.74, calculated on 05 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.
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".
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 ( 19.74 ) |
Deviation vs μ |
Valuation |
Last 1Y | 17.09 | 1.18 | [14.73 · 15.91 , 18.27 · 19.45] |
|
+2.24 σ |
Expensive
|
Last 2Y | 15.01 | 1.81 | [11.38 · 13.20 , 16.83 · 18.64] |
|
+2.60 σ |
Expensive
|
Last 3Y | 13.90 | 1.60 | [10.69 · 12.30 , 15.51 · 17.11] |
|
+3.63 σ |
Expensive
|
Last 4Y | 14.35 | 1.43 | [11.48 · 12.91 , 15.78 · 17.21] |
|
+3.76 σ |
Expensive
|
Last 5Y | 14.77 | 1.48 | [11.81 · 13.29 , 16.25 · 17.73] |
|
+3.36 σ |
Expensive
|
Last 6Y | 14.49 | 1.32 | [11.84 · 13.17 , 15.81 · 17.13] |
|
+3.97 σ |
Expensive
|
Last 7Y | 14.42 | 1.20 | [12.01 · 13.21 , 15.62 · 16.82] |
|
+4.43 σ |
Expensive
|
Last 8Y | 14.56 | 1.10 | [12.35 · 13.46 , 15.67 · 16.77] |
|
+4.68 σ |
Expensive
|
Last 9Y | 14.72 | 1.12 | [12.48 · 13.60 , 15.84 · 16.96] |
|
+4.48 σ |
Expensive
|
Last 10Y | 14.87 | 1.10 | [12.68 · 13.78 , 15.97 · 17.07] |
|
+4.43 σ |
Expensive
|
Last 11Y | 14.81 | 1.01 | [12.80 · 13.81 , 15.82 · 16.82] |
|
+4.89 σ |
Expensive
|
Last 12Y | 14.65 | 1.06 | [12.53 · 13.59 , 15.70 · 16.76] |
|
+4.82 σ |
Expensive
|
Last 13Y | 14.42 | 1.16 | [12.10 · 13.26 , 15.58 · 16.74] |
|
+4.59 σ |
Expensive
|
Last 14Y | 14.33 | 1.17 | [11.99 · 13.16 , 15.50 · 16.67] |
|
+4.62 σ |
Expensive
|
Last 15Y | 14.33 | 1.11 | [12.11 · 13.22 , 15.44 · 16.54] |
|
+4.88 σ |
Expensive
|
Last 16Y | 14.23 | 1.11 | [12.00 · 13.12 , 15.34 · 16.45] |
|
+4.95 σ |
Expensive
|
Last 17Y | 14.13 | 1.14 | [11.85 · 12.99 , 15.27 · 16.41] |
|
+4.92 σ |
Expensive
|
Last 18Y | 14.19 | 1.11 | [11.98 · 13.08 , 15.30 · 16.40] |
|
+5.01 σ |
Expensive
|
Last 19Y | 14.19 | 1.06 | [12.07 · 13.13 , 15.25 · 16.31] |
|
+5.22 σ |
Expensive
|
Last 20Y | 14.21 | 1.01 | [12.19 · 13.20 , 15.22 · 16.23] |
|
+5.47 σ |
Expensive
|
P/E Comparison
How is the Canada Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
Canada | 19.74 |
|
+2.24 σ | +3.36 σ | +4.43 σ | +5.47 σ | |
All World | 21.29 |
|
+1.49 σ | +2.46 σ | +3.55 σ | +4.36 σ |
Canada Stock Market Trend
Trend is evaluated considering the price of the EWC Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +10.69% | 05 Dec | |
Short Term | Price vs SMA50 | +3.35% | 05 Dec |