Hong Kong Stock Market: current P/E Ratio

14.83
Last update: 24 May 2024

The estimated P/E Ratio for Hong Kong Stock Market is 14.83, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [14.06 , 16.23]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWH Etf, whose benchmark is the Hong Kong 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 Hong Kong 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: 14.83
24 May 2024 · P/E Ratio: 14.83 · 1Y Average: 15.41 · 1 Std Dev range: [14.89 , 15.94] · 2 Std Dev range: [14.36 , 16.47]
24 May 2024 · P/E Ratio: 14.83 · 5Y Average: 15.15 · 1 Std Dev range: [14.06 , 16.23] · 2 Std Dev range: [12.98 , 17.32]
24 May 2024 · P/E Ratio: 14.83 · 10Y Average: 15.03 · 1 Std Dev range: [14.17 , 15.90] · 2 Std Dev range: [13.30 , 16.77]
24 May 2024 · P/E Ratio: 14.83 · 20Y Average: 15.19 · 1 Std Dev range: [14.25 , 16.12] · 2 Std Dev range: [13.31 , 17.06]
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: 14.83 · 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
( 14.83 )
Deviation
vs μ
Valuation
Last 1Y 15.41 0.53 [14.36 · 14.89 , 15.94 · 16.47]
-1.10 σ
Undervalued
Last 2Y 14.65 0.86 [12.93 · 13.79 , 15.51 · 16.37]
+0.22 σ
Fair
Last 3Y 14.91 0.98 [12.95 · 13.93 , 15.89 · 16.86]
-0.08 σ
Fair
Last 4Y 15.33 1.11 [13.11 · 14.22 , 16.43 · 17.54]
-0.44 σ
Fair
Last 5Y 15.15 1.09 [12.98 · 14.06 , 16.23 · 17.32]
-0.29 σ
Fair
Last 6Y 14.98 0.98 [13.01 · 13.99 , 15.96 · 16.95]
-0.15 σ
Fair
Last 7Y 15.16 0.95 [13.26 · 14.21 , 16.11 · 17.06]
-0.34 σ
Fair
Last 8Y 15.14 0.88 [13.38 · 14.26 , 16.02 · 16.90]
-0.35 σ
Fair
Last 9Y 15.05 0.92 [13.22 · 14.13 , 15.96 · 16.88]
-0.23 σ
Fair
Last 10Y 15.03 0.87 [13.30 · 14.17 , 15.90 · 16.77]
-0.23 σ
Fair
Last 11Y 14.94 0.84 [13.27 · 14.10 , 15.78 · 16.61]
-0.13 σ
Fair
Last 12Y 14.90 0.82 [13.25 · 14.08 , 15.72 · 16.54]
-0.08 σ
Fair
Last 13Y 14.82 0.82 [13.18 · 14.00 , 15.64 · 16.46]
+0.02 σ
Fair
Last 14Y 14.89 0.84 [13.21 · 14.05 , 15.73 · 16.57]
-0.07 σ
Fair
Last 15Y 15.04 0.91 [13.21 · 14.13 , 15.95 · 16.87]
-0.23 σ
Fair
Last 16Y 14.97 0.93 [13.10 · 14.03 , 15.90 · 16.83]
-0.14 σ
Fair
Last 17Y 15.08 0.99 [13.09 · 14.08 , 16.07 · 17.06]
-0.24 σ
Fair
Last 18Y 15.13 0.99 [13.16 · 14.15 , 16.12 · 17.11]
-0.30 σ
Fair
Last 19Y 15.15 0.95 [13.25 · 14.20 , 16.10 · 17.05]
-0.33 σ
Fair
Last 20Y 15.19 0.94 [13.31 · 14.25 , 16.12 · 17.06]
-0.38 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Hong Kong 14.83
-1.10 σ -0.29 σ -0.23 σ -0.38 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

Hong Kong Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +1.99% 24 May
Short Term Price vs SMA50 +5.57% 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.