Germany Stock Market: current P/E Ratio

14.56
Last update: 24 May 2024

The estimated P/E Ratio for Germany Stock Market is 14.56, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [11.74 , 14.69]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWG Etf, whose benchmark is the Germany 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 Germany 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: 14.56
24 May 2024 · P/E Ratio: 14.56 · 1Y Average: 12.72 · 1 Std Dev range: [12.26 , 13.18] · 2 Std Dev range: [11.80 , 13.64]
24 May 2024 · P/E Ratio: 14.56 · 5Y Average: 13.21 · 1 Std Dev range: [11.74 , 14.69] · 2 Std Dev range: [10.26 , 16.17]
24 May 2024 · P/E Ratio: 14.56 · 10Y Average: 13.00 · 1 Std Dev range: [12.11 , 13.89] · 2 Std Dev range: [11.21 , 14.79]
24 May 2024 · P/E Ratio: 14.56 · 20Y Average: 12.23 · 1 Std Dev range: [11.18 , 13.27] · 2 Std Dev range: [10.14 , 14.32]
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: 14.56 · 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
( 14.56 )
Deviation
vs μ
Valuation
Last 1Y 12.72 0.46 [11.80 · 12.26 , 13.18 · 13.64]
+4.02 σ
Expensive
Last 2Y 11.71 1.18 [9.35 · 10.53 , 12.88 · 14.06]
+2.42 σ
Expensive
Last 3Y 12.24 1.26 [9.72 · 10.98 , 13.50 · 14.75]
+1.85 σ
Overvalued
Last 4Y 13.16 1.69 [9.78 · 11.47 , 14.85 · 16.54]
+0.83 σ
Fair
Last 5Y 13.21 1.48 [10.26 · 11.74 , 14.69 · 16.17]
+0.91 σ
Fair
Last 6Y 12.93 1.29 [10.34 · 11.64 , 14.22 · 15.51]
+1.26 σ
Overvalued
Last 7Y 13.00 1.13 [10.75 · 11.87 , 14.12 · 15.25]
+1.39 σ
Overvalued
Last 8Y 12.96 0.95 [11.06 · 12.01 , 13.91 · 14.85]
+1.69 σ
Overvalued
Last 9Y 12.96 0.89 [11.17 · 12.06 , 13.85 · 14.74]
+1.79 σ
Overvalued
Last 10Y 13.00 0.89 [11.21 · 12.11 , 13.89 · 14.79]
+1.75 σ
Overvalued
Last 11Y 12.87 0.87 [11.13 · 12.00 , 13.74 · 14.60]
+1.95 σ
Overvalued
Last 12Y 12.65 1.01 [10.64 · 11.65 , 13.66 · 14.66]
+1.90 σ
Overvalued
Last 13Y 12.41 1.16 [10.09 · 11.25 , 13.56 · 14.72]
+1.86 σ
Overvalued
Last 14Y 12.25 1.20 [9.85 · 11.05 , 13.45 · 14.64]
+1.93 σ
Overvalued
Last 15Y 12.27 1.13 [10.00 · 11.13 , 13.40 · 14.53]
+2.02 σ
Expensive
Last 16Y 12.09 1.21 [9.67 · 10.88 , 13.29 · 14.50]
+2.05 σ
Expensive
Last 17Y 12.11 1.17 [9.77 · 10.94 , 13.27 · 14.44]
+2.10 σ
Expensive
Last 18Y 12.12 1.11 [9.89 · 11.00 , 13.23 · 14.34]
+2.20 σ
Expensive
Last 19Y 12.15 1.07 [10.00 · 11.08 , 13.22 · 14.30]
+2.24 σ
Expensive
Last 20Y 12.23 1.04 [10.14 · 11.18 , 13.27 · 14.32]
+2.23 σ
Expensive

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Germany 14.56
+4.02 σ +0.91 σ +1.75 σ +2.23 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

Germany Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +11.68% 24 May
Short Term Price vs SMA50 +3.07% 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.