24.11
Last update: 26 July 2024
The estimated P/E Ratio for India Stock Market is 24.11, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [20.23 , 23.30]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the INDA Etf, whose benchmark is the India 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 India Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
26 July 2024 · P/E Ratio: 24.11
26 July 2024 · P/E Ratio: 24.11 ·
1Y Average: 23.82 ·
1 Std Dev range: [23.13 , 24.51] ·
2 Std Dev range: [22.44 , 25.20]
26 July 2024 · P/E Ratio: 24.11 ·
5Y Average: 21.77 ·
1 Std Dev range: [20.23 , 23.30] ·
2 Std Dev range: [18.70 , 24.83]
26 July 2024 · P/E Ratio: 24.11 ·
10Y Average: 19.34 ·
1 Std Dev range: [17.19 , 21.49] ·
2 Std Dev range: [15.05 , 23.63]
26 July 2024 · P/E Ratio: 24.11 ·
20Y Average: 17.07 ·
1 Std Dev range: [14.58 , 19.56] ·
2 Std Dev range: [12.08 , 22.05]
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".
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".
26 July 2024 · P/E Ratio: 24.11 · Last Periods metrics
Show all periods
Swipe left to see all data
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 ( 24.11 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 23.82 | 0.69 | [22.44 · 23.13 , 24.51 · 25.20] |
|
+0.41 σ |
Fair
|
| Last 2Y | 22.72 | 1.23 | [20.26 · 21.49 , 23.95 · 25.18] |
|
+1.13 σ |
Overvalued
|
| Last 3Y | 22.27 | 1.24 | [19.80 · 21.03 , 23.51 · 24.75] |
|
+1.48 σ |
Overvalued
|
| Last 4Y | 22.33 | 1.06 | [20.21 · 21.27 , 23.39 · 24.45] |
|
+1.67 σ |
Overvalued
|
| Last 5Y | 21.77 | 1.53 | [18.70 · 20.23 , 23.30 · 24.83] |
|
+1.53 σ |
Overvalued
|
| Last 6Y | 20.97 | 1.96 | [17.05 · 19.01 , 22.93 · 24.89] |
|
+1.60 σ |
Overvalued
|
| Last 7Y | 20.48 | 2.04 | [16.41 · 18.44 , 22.52 · 24.55] |
|
+1.78 σ |
Overvalued
|
| Last 8Y | 19.99 | 2.07 | [15.84 · 17.92 , 22.06 · 24.13] |
|
+1.99 σ |
Overvalued
|
| Last 9Y | 19.59 | 2.12 | [15.36 · 17.47 , 21.71 · 23.83] |
|
+2.13 σ |
Expensive
|
| Last 10Y | 19.34 | 2.15 | [15.05 · 17.19 , 21.49 · 23.63] |
|
+2.22 σ |
Expensive
|
| Last 11Y | 18.92 | 2.21 | [14.49 · 16.70 , 21.13 · 23.34] |
|
+2.35 σ |
Expensive
|
| Last 12Y | 18.46 | 2.44 | [13.57 · 16.01 , 20.90 · 23.34] |
|
+2.31 σ |
Expensive
|
| Last 13Y | 17.97 | 2.62 | [12.72 · 15.35 , 20.59 · 23.21] |
|
+2.34 σ |
Expensive
|
| Last 14Y | 17.73 | 2.58 | [12.56 · 15.15 , 20.31 · 22.90] |
|
+2.47 σ |
Expensive
|
| Last 15Y | 17.66 | 2.49 | [12.67 · 15.17 , 20.16 · 22.65] |
|
+2.58 σ |
Expensive
|
| Last 16Y | 17.33 | 2.54 | [12.26 · 14.80 , 19.87 · 22.41] |
|
+2.67 σ |
Expensive
|
| Last 17Y | 17.46 | 2.56 | [12.34 · 14.90 , 20.03 · 22.59] |
|
+2.59 σ |
Expensive
|
| Last 18Y | 17.41 | 2.43 | [12.55 · 14.98 , 19.83 · 22.26] |
|
+2.76 σ |
Expensive
|
| Last 19Y | 17.28 | 2.38 | [12.52 · 14.90 , 19.66 · 22.04] |
|
+2.87 σ |
Expensive
|
| Last 20Y | 17.07 | 2.49 | [12.08 · 14.58 , 19.56 · 22.05] |
|
+2.82 σ |
Expensive
|
P/E Comparison
How is the India Stock Market P/E Ratio, compared to other global ratios?
Swipe left to see all data
| Deviation vs μ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
|
India | 24.11 |
|
+0.41 σ | +1.53 σ | +2.22 σ | +2.82 σ | |
| All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 σ | ||
| Emerging Markets | 13.91 |
|
+1.88 σ | +0.33 σ | +0.85 σ | +1.14 σ | ||
India Stock Market Trend
Trend is evaluated considering the price of the INDA Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +12.63% | 26 Jul | |
| Short Term | Price vs SMA50 | +3.30% | 26 Jul |
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.