Germany Stock Market: current P/E Ratio

16.24
Last update: 05 December 2024

The estimated P/E Ratio for Germany Stock Market is 16.24, calculated on 05 December 2024.

Considering the last 5 years, an average P/E interval is [11.93 , 15.15]. 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.

05 December 2024 · P/E Ratio: 16.24
05 December 2024 · P/E Ratio: 16.24 · 1Y Average: 13.87 · 1 Std Dev range: [12.82 , 14.92] · 2 Std Dev range: [11.77 , 15.97]
05 December 2024 · P/E Ratio: 16.24 · 5Y Average: 13.54 · 1 Std Dev range: [11.93 , 15.15] · 2 Std Dev range: [10.32 , 16.76]
05 December 2024 · P/E Ratio: 16.24 · 10Y Average: 13.20 · 1 Std Dev range: [12.20 , 14.19] · 2 Std Dev range: [11.21 , 15.18]
05 December 2024 · P/E Ratio: 16.24 · 20Y Average: 12.27 · 1 Std Dev range: [11.17 , 13.36] · 2 Std Dev range: [10.08 , 14.45]
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".
05 December 2024 · P/E Ratio: 16.24 · 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
( 16.24 )
Deviation
vs μ
Valuation
Last 1Y 13.87 1.05 [11.77 · 12.82 , 14.92 · 15.97]
+2.26 σ
Expensive
Last 2Y 13.13 0.97 [11.19 · 12.16 , 14.10 · 15.06]
+3.21 σ
Expensive
Last 3Y 12.25 1.28 [9.69 · 10.97 , 13.53 · 14.82]
+3.11 σ
Expensive
Last 4Y 13.02 1.53 [9.97 · 11.50 , 14.55 · 16.08]
+2.10 σ
Expensive
Last 5Y 13.54 1.61 [10.32 · 11.93 , 15.15 · 16.76]
+1.67 σ
Overvalued
Last 6Y 13.25 1.46 [10.34 · 11.80 , 14.71 · 16.16]
+2.05 σ
Expensive
Last 7Y 13.15 1.30 [10.56 · 11.85 , 14.45 · 15.75]
+2.38 σ
Expensive
Last 8Y 13.17 1.11 [10.95 · 12.06 , 14.29 · 15.40]
+2.76 σ
Expensive
Last 9Y 13.08 1.02 [11.04 · 12.06 , 14.10 · 15.12]
+3.10 σ
Expensive
Last 10Y 13.20 0.99 [11.21 · 12.20 , 14.19 · 15.18]
+3.06 σ
Expensive
Last 11Y 13.08 0.91 [11.25 · 12.16 , 13.99 · 14.90]
+3.46 σ
Expensive
Last 12Y 12.89 0.99 [10.91 · 11.90 , 13.88 · 14.87]
+3.38 σ
Expensive
Last 13Y 12.65 1.12 [10.42 · 11.54 , 13.77 · 14.89]
+3.21 σ
Expensive
Last 14Y 12.45 1.23 [10.00 · 11.23 , 13.68 · 14.90]
+3.09 σ
Expensive
Last 15Y 12.38 1.23 [9.93 · 11.15 , 13.61 · 14.83]
+3.15 σ
Expensive
Last 16Y 12.28 1.21 [9.85 · 11.07 , 13.50 · 14.71]
+3.26 σ
Expensive
Last 17Y 12.17 1.24 [9.68 · 10.93 , 13.41 · 14.65]
+3.28 σ
Expensive
Last 18Y 12.20 1.18 [9.83 · 11.02 , 13.39 · 14.57]
+3.41 σ
Expensive
Last 19Y 12.23 1.14 [9.94 · 11.08 , 13.37 · 14.51]
+3.52 σ
Expensive
Last 20Y 12.27 1.09 [10.08 · 11.17 , 13.36 · 14.45]
+3.64 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 16.24
+2.26 σ +1.67 σ +3.06 σ +3.64 σ
All World 21.29
+1.49 σ +2.46 σ +3.55 σ +4.36 σ
Developed ex-US 16.54
+1.39 σ +1.25 σ +2.28 σ +2.68 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 +5.74% 05 Dec
Short Term Price vs SMA50 +2.69% 05 Dec
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.