Germany Stock Market: current P/E Ratio

15.59
Last update: 03 October 2024

The estimated P/E Ratio for Germany Stock Market is 15.59, calculated on 03 October 2024.

Considering the last 5 years, an average P/E interval is [11.88 , 15.03]. For this reason, the current P/E can be considered Overvalued

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.

03 October 2024 · P/E Ratio: 15.59
03 October 2024 · P/E Ratio: 15.59 · 1Y Average: 13.20 · 1 Std Dev range: [12.28 , 14.11] · 2 Std Dev range: [11.37 , 15.02]
03 October 2024 · P/E Ratio: 15.59 · 5Y Average: 13.45 · 1 Std Dev range: [11.88 , 15.03] · 2 Std Dev range: [10.30 , 16.61]
03 October 2024 · P/E Ratio: 15.59 · 10Y Average: 13.12 · 1 Std Dev range: [12.15 , 14.09] · 2 Std Dev range: [11.18 , 15.06]
03 October 2024 · P/E Ratio: 15.59 · 20Y Average: 12.25 · 1 Std Dev range: [11.18 , 13.32] · 2 Std Dev range: [10.11 , 14.39]
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".
03 October 2024 · P/E Ratio: 15.59 · 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
( 15.59 )
Deviation
vs μ
Valuation
Last 1Y 13.20 0.91 [11.37 · 12.28 , 14.11 · 15.02]
+2.62 σ
Expensive
Last 2Y 12.70 1.04 [10.62 · 11.66 , 13.74 · 14.78]
+2.79 σ
Expensive
Last 3Y 12.21 1.22 [9.77 · 10.99 , 13.43 · 14.65]
+2.77 σ
Expensive
Last 4Y 13.02 1.53 [9.97 · 11.50 , 14.55 · 16.08]
+1.68 σ
Overvalued
Last 5Y 13.45 1.58 [10.30 · 11.88 , 15.03 · 16.61]
+1.36 σ
Overvalued
Last 6Y 13.13 1.43 [10.27 · 11.70 , 14.56 · 15.99]
+1.72 σ
Overvalued
Last 7Y 13.11 1.25 [10.61 · 11.86 , 14.35 · 15.60]
+1.99 σ
Overvalued
Last 8Y 13.11 1.06 [10.99 · 12.05 , 14.17 · 15.23]
+2.34 σ
Expensive
Last 9Y 13.03 0.97 [11.09 · 12.06 , 14.01 · 14.98]
+2.63 σ
Expensive
Last 10Y 13.12 0.97 [11.18 · 12.15 , 14.09 · 15.06]
+2.54 σ
Expensive
Last 11Y 13.02 0.88 [11.27 · 12.15 , 13.90 · 14.78]
+2.93 σ
Expensive
Last 12Y 12.82 0.99 [10.85 · 11.84 , 13.81 · 14.80]
+2.81 σ
Expensive
Last 13Y 12.58 1.13 [10.33 · 11.45 , 13.70 · 14.83]
+2.68 σ
Expensive
Last 14Y 12.39 1.22 [9.95 · 11.17 , 13.61 · 14.82]
+2.63 σ
Expensive
Last 15Y 12.34 1.19 [9.96 · 11.15 , 13.54 · 14.73]
+2.72 σ
Expensive
Last 16Y 12.22 1.22 [9.78 · 11.00 , 13.43 · 14.65]
+2.77 σ
Expensive
Last 17Y 12.15 1.22 [9.71 · 10.93 , 13.36 · 14.58]
+2.84 σ
Expensive
Last 18Y 12.18 1.16 [9.86 · 11.02 , 13.34 · 14.50]
+2.94 σ
Expensive
Last 19Y 12.20 1.12 [9.97 · 11.09 , 13.32 · 14.44]
+3.03 σ
Expensive
Last 20Y 12.25 1.07 [10.11 · 11.18 , 13.32 · 14.39]
+3.12 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 15.59
+2.62 σ +1.36 σ +2.54 σ +3.12 σ
All World 21.10
+1.66 σ +2.46 σ +3.64 σ +4.40 σ
Developed ex-US 17.14
+2.11 σ +1.76 σ +3.00 σ +3.24 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 +6.35% 03 Oct
Short Term Price vs SMA50 +3.29% 03 Oct
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.