Developed ex-US Stocks: current P/E Ratio

16.49
Last update: 26 July 2024

The estimated P/E Ratio for Developed ex-US Stocks is 16.49, calculated on 26 July 2024.

Considering the last 5 years, an average P/E interval is [13.36 , 15.83]. For this reason, the current P/E can be considered Overvalued

P/E Ratio is calculated on the EFA Etf, whose benchmark is the Developed ex-US Stocks.

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 Developed ex-US Stocks P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

26 July 2024 · P/E Ratio: 16.49
26 July 2024 · P/E Ratio: 16.49 · 1Y Average: 14.11 · 1 Std Dev range: [13.50 , 14.73] · 2 Std Dev range: [12.88 , 15.35]
26 July 2024 · P/E Ratio: 16.49 · 5Y Average: 14.60 · 1 Std Dev range: [13.36 , 15.83] · 2 Std Dev range: [12.12 , 17.07]
26 July 2024 · P/E Ratio: 16.49 · 10Y Average: 14.31 · 1 Std Dev range: [13.47 , 15.14] · 2 Std Dev range: [12.63 , 15.98]
26 July 2024 · P/E Ratio: 16.49 · 20Y Average: 13.52 · 1 Std Dev range: [12.41 , 14.63] · 2 Std Dev range: [11.29 , 15.74]
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".
26 July 2024 · P/E Ratio: 16.49 · 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
( 16.49 )		 Deviation
vs μ		 Valuation
Last 1Y 14.11 0.62 [12.88 · 13.50 , 14.73 · 15.35]
+3.85 σ
Expensive
Last 2Y 13.40 0.81 [11.78 · 12.59 , 14.21 · 15.02]
+3.82 σ
Expensive
Last 3Y 13.80 0.95 [11.90 · 12.85 , 14.75 · 15.70]
+2.83 σ
Expensive
Last 4Y 14.57 1.36 [11.84 · 13.21 , 15.93 · 17.30]
+1.41 σ
Overvalued
Last 5Y 14.60 1.24 [12.12 · 13.36 , 15.83 · 17.07]
+1.53 σ
Overvalued
Last 6Y 14.23 1.18 [11.88 · 13.05 , 15.41 · 16.59]
+1.92 σ
Overvalued
Last 7Y 14.26 1.05 [12.17 · 13.22 , 15.31 · 16.35]
+2.13 σ
Expensive
Last 8Y 14.27 0.89 [12.49 · 13.38 , 15.16 · 16.05]
+2.49 σ
Expensive
Last 9Y 14.25 0.82 [12.60 · 13.42 , 15.07 · 15.90]
+2.72 σ
Expensive
Last 10Y 14.31 0.84 [12.63 · 13.47 , 15.14 · 15.98]
+2.61 σ
Expensive
Last 11Y 14.18 0.80 [12.58 · 13.38 , 14.98 · 15.78]
+2.88 σ
Expensive
Last 12Y 14.02 0.87 [12.28 · 13.15 , 14.89 · 15.76]
+2.84 σ
Expensive
Last 13Y 13.79 1.02 [11.76 · 12.78 , 14.81 · 15.82]
+2.65 σ
Expensive
Last 14Y 13.58 1.17 [11.24 · 12.41 , 14.75 · 15.92]
+2.49 σ
Expensive
Last 15Y 13.60 1.14 [11.32 · 12.46 , 14.74 · 15.88]
+2.53 σ
Expensive
Last 16Y 13.44 1.22 [11.00 · 12.22 , 14.67 · 15.89]
+2.49 σ
Expensive
Last 17Y 13.37 1.22 [10.94 · 12.15 , 14.59 · 15.81]
+2.56 σ
Expensive
Last 18Y 13.39 1.16 [11.06 · 12.23 , 14.55 · 15.72]
+2.66 σ
Expensive
Last 19Y 13.42 1.12 [11.18 · 12.30 , 14.54 · 15.66]
+2.74 σ
Expensive
Last 20Y 13.52 1.11 [11.29 · 12.41 , 14.63 · 15.74]
+2.67 σ
Expensive

Developed ex-US Stocks Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +4.35% 26 Jul
Short Term Price vs SMA50 -0.75% 26 Jul
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.