India Stock Market: current P/E Ratio

24.94
Last update: 24 May 2024

The estimated P/E Ratio for India Stock Market is 24.94, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [19.94 , 23.11]. For this reason, the current P/E can be considered Expensive

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.

24 May 2024 · P/E Ratio: 24.94
24 May 2024 · P/E Ratio: 24.94 · 1Y Average: 23.61 · 1 Std Dev range: [22.82 , 24.40] · 2 Std Dev range: [22.03 , 25.19]
24 May 2024 · P/E Ratio: 24.94 · 5Y Average: 21.52 · 1 Std Dev range: [19.94 , 23.11] · 2 Std Dev range: [18.36 , 24.69]
24 May 2024 · P/E Ratio: 24.94 · 10Y Average: 19.19 · 1 Std Dev range: [17.08 , 21.30] · 2 Std Dev range: [14.97 , 23.41]
24 May 2024 · P/E Ratio: 24.94 · 20Y Average: 16.97 · 1 Std Dev range: [14.50 , 19.43] · 2 Std Dev range: [12.03 , 21.90]
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: 24.94 · 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
( 24.94 )
Deviation
vs μ
Valuation
Last 1Y 23.61 0.79 [22.03 · 22.82 , 24.40 · 25.19]
+1.69 σ
Overvalued
Last 2Y 22.30 1.23 [19.84 · 21.07 , 23.53 · 24.76]
+2.15 σ
Expensive
Last 3Y 22.11 1.09 [19.93 · 21.02 , 23.20 · 24.28]
+2.60 σ
Expensive
Last 4Y 22.17 1.02 [20.13 · 21.15 , 23.19 · 24.21]
+2.71 σ
Expensive
Last 5Y 21.52 1.58 [18.36 · 19.94 , 23.11 · 24.69]
+2.16 σ
Expensive
Last 6Y 20.76 1.96 [16.85 · 18.80 , 22.72 · 24.67]
+2.14 σ
Expensive
Last 7Y 20.30 2.00 [16.31 · 18.31 , 22.30 · 24.30]
+2.32 σ
Expensive
Last 8Y 19.82 2.04 [15.74 · 17.78 , 21.86 · 23.90]
+2.51 σ
Expensive
Last 9Y 19.44 2.08 [15.29 · 17.37 , 21.52 · 23.60]
+2.65 σ
Expensive
Last 10Y 19.19 2.11 [14.97 · 17.08 , 21.30 · 23.41]
+2.72 σ
Expensive
Last 11Y 18.77 2.17 [14.42 · 16.60 , 20.94 · 23.12]
+2.84 σ
Expensive
Last 12Y 18.30 2.43 [13.43 · 15.86 , 20.73 · 23.16]
+2.73 σ
Expensive
Last 13Y 17.82 2.59 [12.65 · 15.24 , 20.41 · 23.00]
+2.75 σ
Expensive
Last 14Y 17.61 2.53 [12.55 · 15.08 , 20.14 · 22.67]
+2.90 σ
Expensive
Last 15Y 17.57 2.43 [12.72 · 15.14 , 19.99 · 22.42]
+3.04 σ
Expensive
Last 16Y 17.24 2.48 [12.29 · 14.76 , 19.71 · 22.19]
+3.11 σ
Expensive
Last 17Y 17.41 2.50 [12.41 · 14.91 , 19.91 · 22.41]
+3.01 σ
Expensive
Last 18Y 17.32 2.38 [12.56 · 14.94 , 19.70 · 22.08]
+3.20 σ
Expensive
Last 19Y 17.18 2.35 [12.48 · 14.83 , 19.53 · 21.88]
+3.30 σ
Expensive
Last 20Y 16.97 2.47 [12.03 · 14.50 , 19.43 · 21.90]
+3.23 σ
Expensive

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
India 24.94
+1.69 σ +2.16 σ +2.72 σ +3.23 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Emerging Markets 14.41
+4.30 σ +0.71 σ +1.46 σ +1.63 σ

India Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +12.38% 24 May
Short Term Price vs SMA50 +4.23% 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.