Developed ex-US Stocks: current P/E Ratio

15.15
Last update: 24 June 2024

The estimated P/E Ratio for Developed ex-US Stocks is 15.15, calculated on 24 June 2024.

Considering the last 5 years, an average P/E interval is [13.31 , 15.80]. For this reason, the current P/E can be considered Fair

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.

24 June 2024 · P/E Ratio: 15.15
24 June 2024 · P/E Ratio: 15.15 · 1Y Average: 13.96 · 1 Std Dev range: [13.45 , 14.47] · 2 Std Dev range: [12.93 , 14.99]
24 June 2024 · P/E Ratio: 15.15 · 5Y Average: 14.56 · 1 Std Dev range: [13.31 , 15.80] · 2 Std Dev range: [12.07 , 17.05]
24 June 2024 · P/E Ratio: 15.15 · 10Y Average: 14.30 · 1 Std Dev range: [13.46 , 15.13] · 2 Std Dev range: [12.63 , 15.96]
24 June 2024 · P/E Ratio: 15.15 · 20Y Average: 13.52 · 1 Std Dev range: [12.41 , 14.63] · 2 Std Dev range: [11.29 , 15.75]
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".
24 June 2024 · P/E Ratio: 15.15 · 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
( 15.15 )
Deviation
vs μ
Valuation
Last 1Y 13.96 0.51 [12.93 · 13.45 , 14.47 · 14.99]
+2.31 σ
Expensive
Last 2Y 13.29 0.76 [11.76 · 12.52 , 14.05 · 14.81]
+2.44 σ
Expensive
Last 3Y 13.82 0.97 [11.88 · 12.85 , 14.78 · 15.75]
+1.38 σ
Overvalued
Last 4Y 14.61 1.41 [11.80 · 13.21 , 16.02 · 17.43]
+0.38 σ
Fair
Last 5Y 14.56 1.25 [12.07 · 13.31 , 15.80 · 17.05]
+0.47 σ
Fair
Last 6Y 14.21 1.17 [11.87 · 13.04 , 15.38 · 16.56]
+0.80 σ
Fair
Last 7Y 14.25 1.04 [12.17 · 13.21 , 15.29 · 16.34]
+0.86 σ
Fair
Last 8Y 14.25 0.89 [12.48 · 13.36 , 15.14 · 16.03]
+1.01 σ
Overvalued
Last 9Y 14.25 0.83 [12.60 · 13.42 , 15.08 · 15.90]
+1.09 σ
Overvalued
Last 10Y 14.30 0.83 [12.63 · 13.46 , 15.13 · 15.96]
+1.03 σ
Overvalued
Last 11Y 14.16 0.81 [12.55 · 13.36 , 14.97 · 15.77]
+1.23 σ
Overvalued
Last 12Y 13.99 0.88 [12.24 · 13.12 , 14.87 · 15.75]
+1.31 σ
Overvalued
Last 13Y 13.76 1.03 [11.69 · 12.73 , 14.80 · 15.83]
+1.34 σ
Overvalued
Last 14Y 13.55 1.18 [11.18 · 12.36 , 14.73 · 15.91]
+1.36 σ
Overvalued
Last 15Y 13.60 1.14 [11.32 · 12.46 , 14.73 · 15.87]
+1.37 σ
Overvalued
Last 16Y 13.42 1.23 [10.96 · 12.19 , 14.65 · 15.88]
+1.41 σ
Overvalued
Last 17Y 13.37 1.21 [10.94 · 12.15 , 14.58 · 15.79]
+1.47 σ
Overvalued
Last 18Y 13.38 1.16 [11.06 · 12.22 , 14.53 · 15.69]
+1.53 σ
Overvalued
Last 19Y 13.41 1.11 [11.18 · 12.30 , 14.52 · 15.64]
+1.56 σ
Overvalued
Last 20Y 13.52 1.11 [11.29 · 12.41 , 14.63 · 15.75]
+1.46 σ
Overvalued

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 +4.83% 24 Jun
Short Term Price vs SMA50 -0.94% 24 Jun
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.