16.42
Last update: 26 July 2024
The estimated P/E Ratio for Japan Stock Market is 16.42, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [12.98 , 16.03]. 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.
26 July 2024 · P/E Ratio: 16.42
26 July 2024 · P/E Ratio: 16.42 ·
1Y Average: 15.11 ·
1 Std Dev range: [14.43 , 15.78] ·
2 Std Dev range: [13.76 , 16.46]
26 July 2024 · P/E Ratio: 16.42 ·
5Y Average: 14.51 ·
1 Std Dev range: [12.98 , 16.03] ·
2 Std Dev range: [11.45 , 17.56]
26 July 2024 · P/E Ratio: 16.42 ·
10Y Average: 13.93 ·
1 Std Dev range: [12.83 , 15.04] ·
2 Std Dev range: [11.72 , 16.15]
26 July 2024 · P/E Ratio: 16.42 ·
20Y Average: 14.48 ·
1 Std Dev range: [12.90 , 16.06] ·
2 Std Dev range: [11.32 , 17.64]
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: 16.42 · 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 ( 16.42 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 15.11 | 0.68 | [13.76 · 14.43 , 15.78 · 16.46] |
|
+1.94 σ |
Overvalued
|
| Last 2Y | 13.76 | 1.20 | [11.37 · 12.57 , 14.96 · 16.16] |
|
+2.22 σ |
Expensive
|
| Last 3Y | 13.81 | 1.16 | [11.48 · 12.64 , 14.97 · 16.14] |
|
+2.24 σ |
Expensive
|
| Last 4Y | 14.65 | 1.58 | [11.49 · 13.07 , 16.23 · 17.81] |
|
+1.12 σ |
Overvalued
|
| Last 5Y | 14.51 | 1.53 | [11.45 · 12.98 , 16.03 · 17.56] |
|
+1.25 σ |
Overvalued
|
| Last 6Y | 14.02 | 1.51 | [11.01 · 12.51 , 15.53 · 17.04] |
|
+1.59 σ |
Overvalued
|
| Last 7Y | 14.00 | 1.35 | [11.30 · 12.65 , 15.35 · 16.71] |
|
+1.79 σ |
Overvalued
|
| Last 8Y | 13.95 | 1.19 | [11.57 · 12.76 , 15.14 · 16.33] |
|
+2.07 σ |
Expensive
|
| Last 9Y | 13.86 | 1.15 | [11.57 · 12.71 , 15.01 · 16.15] |
|
+2.23 σ |
Expensive
|
| Last 10Y | 13.93 | 1.11 | [11.72 · 12.83 , 15.04 · 16.15] |
|
+2.24 σ |
Expensive
|
| Last 11Y | 13.89 | 1.02 | [11.86 · 12.88 , 14.91 · 15.92] |
|
+2.49 σ |
Expensive
|
| Last 12Y | 13.83 | 1.05 | [11.72 · 12.77 , 14.88 · 15.94] |
|
+2.46 σ |
Expensive
|
| Last 13Y | 13.65 | 1.06 | [11.53 · 12.59 , 14.71 · 15.77] |
|
+2.61 σ |
Expensive
|
| Last 14Y | 13.60 | 1.02 | [11.57 · 12.59 , 14.62 · 15.63] |
|
+2.77 σ |
Expensive
|
| Last 15Y | 13.85 | 1.22 | [11.41 · 12.63 , 15.07 · 16.29] |
|
+2.11 σ |
Expensive
|
| Last 16Y | 13.92 | 1.29 | [11.34 · 12.63 , 15.20 · 16.49] |
|
+1.94 σ |
Overvalued
|
| Last 17Y | 13.97 | 1.30 | [11.37 · 12.67 , 15.26 · 16.56] |
|
+1.89 σ |
Overvalued
|
| Last 18Y | 14.16 | 1.45 | [11.25 · 12.71 , 15.61 · 17.07] |
|
+1.55 σ |
Overvalued
|
| Last 19Y | 14.34 | 1.57 | [11.21 · 12.77 , 15.90 · 17.47] |
|
+1.33 σ |
Overvalued
|
| Last 20Y | 14.48 | 1.58 | [11.32 · 12.90 , 16.06 · 17.64] |
|
+1.23 σ |
Overvalued
|
P/E Comparison
How is the Japan 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 | |||
|
|
Japan | 16.42 |
|
+1.94 σ | +1.25 σ | +2.24 σ | +1.23 σ | |
| All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 σ | ||
| Developed ex-US | 16.49 |
|
+3.85 σ | +1.53 σ | +2.61 σ | +2.67 σ | ||
Japan Stock Market Trend
Trend is evaluated considering the price of the EWJ Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +3.57% | 26 Jul | |
| Short Term | Price vs SMA50 | -0.19% | 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.