Ireland Stock Market: current P/E Ratio

15.12
Last update: 24 May 2024

The estimated P/E Ratio for Ireland Stock Market is 15.12, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [13.83 , 19.60]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EIRL Etf, whose benchmark is the Ireland 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 Ireland 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: 15.12
24 May 2024 · P/E Ratio: 15.12 · 1Y Average: 13.96 · 1 Std Dev range: [13.22 , 14.70] · 2 Std Dev range: [12.49 , 15.43]
24 May 2024 · P/E Ratio: 15.12 · 5Y Average: 16.72 · 1 Std Dev range: [13.83 , 19.60] · 2 Std Dev range: [10.94 , 22.49]
24 May 2024 · P/E Ratio: 15.12 · 10Y Average: 16.22 · 1 Std Dev range: [14.39 , 18.06] · 2 Std Dev range: [12.55 , 19.89]
24 May 2024 · P/E Ratio: 15.12 · 20Y Average: 16.06 · 1 Std Dev range: [13.56 , 18.55] · 2 Std Dev range: [11.06 , 21.05]
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".
24 May 2024 · P/E Ratio: 15.12 · 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
( 15.12 )
Deviation
vs μ
Valuation
Last 1Y 13.96 0.74 [12.49 · 13.22 , 14.70 · 15.43]
+1.57 σ
Overvalued
Last 2Y 14.05 0.70 [12.65 · 13.35 , 14.75 · 15.45]
+1.53 σ
Overvalued
Last 3Y 15.21 2.07 [11.08 · 13.15 , 17.28 · 19.35]
-0.05 σ
Fair
Last 4Y 16.93 3.12 [10.70 · 13.82 , 20.05 · 23.17]
-0.58 σ
Fair
Last 5Y 16.72 2.89 [10.94 · 13.83 , 19.60 · 22.49]
-0.55 σ
Fair
Last 6Y 16.06 2.68 [10.70 · 13.38 , 18.73 · 21.41]
-0.35 σ
Fair
Last 7Y 15.91 2.36 [11.19 · 13.55 , 18.28 · 20.64]
-0.34 σ
Fair
Last 8Y 15.87 2.04 [11.80 · 13.84 , 17.91 · 19.95]
-0.37 σ
Fair
Last 9Y 15.93 1.86 [12.21 · 14.07 , 17.79 · 19.65]
-0.44 σ
Fair
Last 10Y 16.22 1.84 [12.55 · 14.39 , 18.06 · 19.90]
-0.60 σ
Fair
Last 11Y 16.72 2.25 [12.21 · 14.46 , 18.97 · 21.22]
-0.71 σ
Fair
Last 12Y 16.88 2.21 [12.46 · 14.67 , 19.08 · 21.29]
-0.80 σ
Fair
Last 13Y 16.84 2.12 [12.60 · 14.72 , 18.96 · 21.08]
-0.81 σ
Fair
Last 14Y 17.23 2.40 [12.43 · 14.83 , 19.63 · 22.03]
-0.88 σ
Fair
Last 15Y 17.35 2.34 [12.66 · 15.00 , 19.69 · 22.04]
-0.95 σ
Fair
Last 16Y 17.01 2.39 [12.24 · 14.62 , 19.39 · 21.78]
-0.79 σ
Fair
Last 17Y 16.69 2.50 [11.69 · 14.19 , 19.19 · 21.69]
-0.63 σ
Fair
Last 18Y 16.39 2.51 [11.37 · 13.88 , 18.90 · 21.41]
-0.51 σ
Fair
Last 19Y 16.17 2.52 [11.14 · 13.65 , 18.69 · 21.20]
-0.42 σ
Fair
Last 20Y 16.06 2.50 [11.06 · 13.56 , 18.55 · 21.05]
-0.38 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Ireland 15.12
+1.57 σ -0.55 σ -0.60 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

Ireland Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +15.44% 24 May
Short Term Price vs SMA50 +2.81% 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.