The estimated P/E Ratio for Japan Stock Market is 17.56, calculated on 03 October 2024.
Considering the last 5 years, an average P/E interval is [13.21 , 16.39]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the EWJ Etf, whose benchmark is the Japan 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 Japan Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
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".
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 ( 17.56 ) |
Deviation vs μ |
Valuation |
Last 1Y | 15.69 | 0.86 | [13.96 · 14.83 , 16.55 · 17.42] |
|
+2.16 σ |
Expensive
|
Last 2Y | 14.35 | 1.40 | [11.55 · 12.95 , 15.75 · 17.16] |
|
+2.29 σ |
Expensive
|
Last 3Y | 13.84 | 1.21 | [11.41 · 12.62 , 15.05 · 16.26] |
|
+3.07 σ |
Expensive
|
Last 4Y | 14.64 | 1.56 | [11.51 · 13.08 , 16.21 · 17.77] |
|
+1.86 σ |
Overvalued
|
Last 5Y | 14.80 | 1.59 | [11.62 · 13.21 , 16.39 · 17.98] |
|
+1.74 σ |
Overvalued
|
Last 6Y | 14.26 | 1.62 | [11.01 · 12.64 , 15.88 · 17.50] |
|
+2.04 σ |
Expensive
|
Last 7Y | 14.13 | 1.49 | [11.15 · 12.64 , 15.62 · 17.11] |
|
+2.30 σ |
Expensive
|
Last 8Y | 14.10 | 1.30 | [11.49 · 12.79 , 15.40 · 16.70] |
|
+2.65 σ |
Expensive
|
Last 9Y | 13.94 | 1.25 | [11.45 · 12.70 , 15.19 · 16.44] |
|
+2.90 σ |
Expensive
|
Last 10Y | 14.03 | 1.20 | [11.62 · 12.82 , 15.23 · 16.44] |
|
+2.93 σ |
Expensive
|
Last 11Y | 13.94 | 1.10 | [11.75 · 12.85 , 15.04 · 16.14] |
|
+3.30 σ |
Expensive
|
Last 12Y | 13.94 | 1.10 | [11.74 · 12.84 , 15.03 · 16.13] |
|
+3.30 σ |
Expensive
|
Last 13Y | 13.75 | 1.11 | [11.53 · 12.64 , 14.86 · 15.97] |
|
+3.43 σ |
Expensive
|
Last 14Y | 13.66 | 1.09 | [11.49 · 12.57 , 14.74 · 15.83] |
|
+3.59 σ |
Expensive
|
Last 15Y | 13.85 | 1.22 | [11.41 · 12.63 , 15.07 · 16.28] |
|
+3.05 σ |
Expensive
|
Last 16Y | 13.98 | 1.37 | [11.25 · 12.61 , 15.35 · 16.72] |
|
+2.61 σ |
Expensive
|
Last 17Y | 13.98 | 1.33 | [11.33 · 12.65 , 15.31 · 16.63] |
|
+2.70 σ |
Expensive
|
Last 18Y | 14.17 | 1.47 | [11.24 · 12.70 , 15.63 · 17.10] |
|
+2.32 σ |
Expensive
|
Last 19Y | 14.37 | 1.61 | [11.15 · 12.76 , 15.98 · 17.59] |
|
+1.98 σ |
Overvalued
|
Last 20Y | 14.49 | 1.60 | [11.30 · 12.89 , 16.09 · 17.68] |
|
+1.92 σ |
Overvalued
|
P/E Comparison
How is the Japan Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
Japan | 17.56 |
|
+2.16 σ | +1.74 σ | +2.93 σ | +1.92 σ | |
All World | 21.10 |
|
+1.66 σ | +2.46 σ | +3.64 σ | +4.40 σ | ||
Developed ex-US | 17.14 |
|
+2.11 σ | +1.76 σ | +3.00 σ | +3.24 σ |
Japan Stock Market Trend
Trend is evaluated considering the price of the EWJ Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +3.78% | 03 Oct | |
Short Term | Price vs SMA50 | +2.15% | 03 Oct |