Israel Stock Market: current P/E Ratio

12.15
Last update: 24 May 2024

The estimated P/E Ratio for Israel Stock Market is 12.15, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [9.37 , 12.47]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EIS Etf, whose benchmark is the Israel 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 Israel 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: 12.15
24 May 2024 · P/E Ratio: 12.15 · 1Y Average: 9.48 · 1 Std Dev range: [8.13 , 10.83] · 2 Std Dev range: [6.78 , 12.17]
24 May 2024 · P/E Ratio: 12.15 · 5Y Average: 10.92 · 1 Std Dev range: [9.37 , 12.47] · 2 Std Dev range: [7.81 , 14.02]
24 May 2024 · P/E Ratio: 12.15 · 10Y Average: 10.84 · 1 Std Dev range: [10.00 , 11.69] · 2 Std Dev range: [9.15 , 12.54]
24 May 2024 · P/E Ratio: 12.15 · 20Y Average: 11.04 · 1 Std Dev range: [9.42 , 12.65] · 2 Std Dev range: [7.81 , 14.27]
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: 12.15 · 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
( 12.15 )
Deviation
vs μ
Valuation
Last 1Y 9.48 1.35 [6.78 · 8.13 , 10.83 · 12.17]
+1.98 σ
Overvalued
Last 2Y 9.01 1.07 [6.87 · 7.94 , 10.07 · 11.14]
+2.94 σ
Expensive
Last 3Y 10.26 1.77 [6.72 · 8.49 , 12.03 · 13.80]
+1.07 σ
Overvalued
Last 4Y 10.92 1.79 [7.35 · 9.14 , 12.71 · 14.49]
+0.69 σ
Fair
Last 5Y 10.92 1.55 [7.81 · 9.37 , 12.47 · 14.02]
+0.79 σ
Fair
Last 6Y 10.91 1.32 [8.26 · 9.58 , 12.23 · 13.56]
+0.94 σ
Fair
Last 7Y 10.91 1.15 [8.62 · 9.76 , 12.06 · 13.21]
+1.08 σ
Overvalued
Last 8Y 10.76 1.03 [8.70 · 9.73 , 11.80 · 12.83]
+1.34 σ
Overvalued
Last 9Y 10.82 0.95 [8.93 · 9.87 , 11.76 · 12.71]
+1.41 σ
Overvalued
Last 10Y 10.84 0.85 [9.15 · 10.00 , 11.69 · 12.54]
+1.54 σ
Overvalued
Last 11Y 10.61 1.00 [8.61 · 9.61 , 11.61 · 12.61]
+1.54 σ
Overvalued
Last 12Y 10.36 1.17 [8.02 · 9.19 , 11.54 · 12.71]
+1.52 σ
Overvalued
Last 13Y 10.16 1.25 [7.67 · 8.91 , 11.40 · 12.65]
+1.60 σ
Overvalued
Last 14Y 10.17 1.18 [7.82 · 9.00 , 11.35 · 12.53]
+1.68 σ
Overvalued
Last 15Y 10.35 1.20 [7.94 · 9.14 , 11.55 · 12.76]
+1.50 σ
Overvalued
Last 16Y 10.31 1.22 [7.87 · 9.09 , 11.53 · 12.75]
+1.51 σ
Overvalued
Last 17Y 10.45 1.26 [7.93 · 9.19 , 11.71 · 12.97]
+1.35 σ
Overvalued
Last 18Y 10.62 1.36 [7.90 · 9.26 , 11.98 · 13.34]
+1.13 σ
Overvalued
Last 19Y 10.80 1.48 [7.85 · 9.33 , 12.28 · 13.76]
+0.91 σ
Fair
Last 20Y 11.04 1.62 [7.81 · 9.42 , 12.65 · 14.27]
+0.69 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Israel 12.15
+1.98 σ +0.79 σ +1.54 σ +0.69 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

Israel Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +8.81% 24 May
Short Term Price vs SMA50 +1.35% 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.