The estimated P/E Ratio for Canada Stock Market is 18.60, calculated on 03 October 2024.
Considering the last 5 years, an average P/E interval is [13.25 , 16.02]. 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 ( 18.60 ) |
Deviation vs μ |
Valuation |
Last 1Y | 16.09 | 1.34 | [13.41 · 14.75 , 17.43 · 18.77] |
|
+1.87 σ |
Overvalued
|
Last 2Y | 14.37 | 1.63 | [11.10 · 12.73 , 16.00 · 17.64] |
|
+2.59 σ |
Expensive
|
Last 3Y | 13.70 | 1.31 | [11.09 · 12.40 , 15.01 · 16.32] |
|
+3.75 σ |
Expensive
|
Last 4Y | 14.28 | 1.32 | [11.63 · 12.95 , 15.60 · 16.93] |
|
+3.26 σ |
Expensive
|
Last 5Y | 14.63 | 1.39 | [11.86 · 13.25 , 16.02 · 17.41] |
|
+2.86 σ |
Expensive
|
Last 6Y | 14.33 | 1.26 | [11.82 · 13.07 , 15.58 · 16.84] |
|
+3.40 σ |
Expensive
|
Last 7Y | 14.37 | 1.13 | [12.12 · 13.24 , 15.50 · 16.63] |
|
+3.74 σ |
Expensive
|
Last 8Y | 14.54 | 1.07 | [12.41 · 13.47 , 15.60 · 16.67] |
|
+3.81 σ |
Expensive
|
Last 9Y | 14.68 | 1.08 | [12.52 · 13.60 , 15.75 · 16.83] |
|
+3.64 σ |
Expensive
|
Last 10Y | 14.80 | 1.07 | [12.67 · 13.73 , 15.87 · 16.94] |
|
+3.56 σ |
Expensive
|
Last 11Y | 14.76 | 0.98 | [12.81 · 13.78 , 15.74 · 16.71] |
|
+3.93 σ |
Expensive
|
Last 12Y | 14.58 | 1.05 | [12.48 · 13.53 , 15.63 · 16.68] |
|
+3.82 σ |
Expensive
|
Last 13Y | 14.35 | 1.17 | [12.02 · 13.18 , 15.51 · 16.68] |
|
+3.65 σ |
Expensive
|
Last 14Y | 14.29 | 1.14 | [12.02 · 13.15 , 15.43 · 16.57] |
|
+3.78 σ |
Expensive
|
Last 15Y | 14.30 | 1.08 | [12.14 · 13.22 , 15.38 · 16.46] |
|
+3.99 σ |
Expensive
|
Last 16Y | 14.17 | 1.12 | [11.94 · 13.05 , 15.29 · 16.40] |
|
+3.97 σ |
Expensive
|
Last 17Y | 14.12 | 1.12 | [11.87 · 13.00 , 15.25 · 16.37] |
|
+3.98 σ |
Expensive
|
Last 18Y | 14.16 | 1.09 | [11.99 · 13.08 , 15.25 · 16.34] |
|
+4.08 σ |
Expensive
|
Last 19Y | 14.17 | 1.04 | [12.08 · 13.13 , 15.21 · 16.25] |
|
+4.25 σ |
Expensive
|
Last 20Y | 14.19 | 0.99 | [12.20 · 13.20 , 15.18 · 16.17] |
|
+4.45 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 | 18.60 |
|
+1.87 σ | +2.86 σ | +3.56 σ | +4.45 σ | |
All World | 21.10 |
|
+1.66 σ | +2.46 σ | +3.64 σ | +4.40 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 | +9.40% | 03 Oct | |
Short Term | Price vs SMA50 | +4.42% | 03 Oct |