France Stock Market: current P/E Ratio

19.26
Last update: 24 May 2024

The estimated P/E Ratio for France Stock Market is 19.26, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [13.55 , 17.05]. For this reason, the current P/E can be considered Expensive

P/E Ratio is calculated on the EWQ Etf, whose benchmark is the France 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 France Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

24 May 2024 · P/E Ratio: 19.26
24 May 2024 · P/E Ratio: 19.26 · 1Y Average: 16.18 · 1 Std Dev range: [15.43 , 16.93] · 2 Std Dev range: [14.68 , 17.68]
24 May 2024 · P/E Ratio: 19.26 · 5Y Average: 15.30 · 1 Std Dev range: [13.55 , 17.05] · 2 Std Dev range: [11.79 , 18.80]
24 May 2024 · P/E Ratio: 19.26 · 10Y Average: 14.61 · 1 Std Dev range: [13.39 , 15.82] · 2 Std Dev range: [12.18 , 17.03]
24 May 2024 · P/E Ratio: 19.26 · 20Y Average: 12.94 · 1 Std Dev range: [11.34 , 14.53] · 2 Std Dev range: [9.75 , 16.12]
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 May 2024 · P/E Ratio: 19.26 · 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
( 19.26 )
Deviation
vs μ
Valuation
Last 1Y 16.18 0.75 [14.68 · 15.43 , 16.93 · 17.68]
+4.11 σ
Expensive
Last 2Y 14.33 2.06 [10.21 · 12.27 , 16.39 · 18.45]
+2.39 σ
Expensive
Last 3Y 14.75 1.84 [11.08 · 12.91 , 16.59 · 18.43]
+2.45 σ
Expensive
Last 4Y 15.59 1.88 [11.83 · 13.71 , 17.46 · 19.34]
+1.96 σ
Overvalued
Last 5Y 15.30 1.75 [11.79 · 13.55 , 17.05 · 18.80]
+2.26 σ
Expensive
Last 6Y 14.86 1.71 [11.43 · 13.15 , 16.57 · 18.29]
+2.57 σ
Expensive
Last 7Y 14.84 1.51 [11.82 · 13.33 , 16.34 · 17.85]
+2.94 σ
Expensive
Last 8Y 14.67 1.34 [11.98 · 13.32 , 16.01 · 17.36]
+3.42 σ
Expensive
Last 9Y 14.62 1.25 [12.13 · 13.37 , 15.87 · 17.11]
+3.72 σ
Expensive
Last 10Y 14.61 1.21 [12.18 · 13.39 , 15.82 · 17.03]
+3.84 σ
Expensive
Last 11Y 14.35 1.24 [11.88 · 13.11 , 15.59 · 16.83]
+3.97 σ
Expensive
Last 12Y 14.07 1.40 [11.27 · 12.67 , 15.47 · 16.86]
+3.71 σ
Expensive
Last 13Y 13.72 1.60 [10.51 · 12.11 , 15.32 · 16.93]
+3.45 σ
Expensive
Last 14Y 13.42 1.78 [9.86 · 11.64 , 15.20 · 16.98]
+3.28 σ
Expensive
Last 15Y 13.32 1.74 [9.83 · 11.58 , 15.07 · 16.81]
+3.40 σ
Expensive
Last 16Y 13.04 1.85 [9.33 · 11.18 , 14.89 · 16.74]
+3.36 σ
Expensive
Last 17Y 12.95 1.80 [9.35 · 11.15 , 14.76 · 16.56]
+3.50 σ
Expensive
Last 18Y 12.88 1.72 [9.44 · 11.16 , 14.59 · 16.31]
+3.72 σ
Expensive
Last 19Y 12.85 1.64 [9.57 · 11.21 , 14.48 · 16.12]
+3.92 σ
Expensive
Last 20Y 12.94 1.59 [9.75 · 11.34 , 14.53 · 16.12]
+3.97 σ
Expensive

P/E Comparison

How is the France Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
France 19.26
+4.11 σ +2.26 σ +3.84 σ +3.97 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Developed ex-US 16.13
+5.00 σ +1.32 σ +2.30 σ +2.35 σ

France Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +9.21% 24 May
Short Term Price vs SMA50 +2.24% 24 May
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.