Mexico Stock Market: current P/E Ratio

12.58
Last update: 24 May 2024

The estimated P/E Ratio for Mexico Stock Market is 12.58, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [12.05 , 13.89]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWW Etf, whose benchmark is the Mexico 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 Mexico 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: 12.58
24 May 2024 · P/E Ratio: 12.58 · 1Y Average: 11.62 · 1 Std Dev range: [11.10 , 12.15] · 2 Std Dev range: [10.58 , 12.67]
24 May 2024 · P/E Ratio: 12.58 · 5Y Average: 12.97 · 1 Std Dev range: [12.05 , 13.89] · 2 Std Dev range: [11.14 , 14.80]
24 May 2024 · P/E Ratio: 12.58 · 10Y Average: 14.79 · 1 Std Dev range: [12.89 , 16.70] · 2 Std Dev range: [10.98 , 18.60]
24 May 2024 · P/E Ratio: 12.58 · 20Y Average: 14.26 · 1 Std Dev range: [12.52 , 15.99] · 2 Std Dev range: [10.78 , 17.73]
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: 12.58 · 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
( 12.58 )
Deviation
vs μ
Valuation
Last 1Y 11.62 0.52 [10.58 · 11.10 , 12.15 · 12.67]
+1.83 σ
Overvalued
Last 2Y 11.87 0.56 [10.75 · 11.31 , 12.42 · 12.98]
+1.28 σ
Overvalued
Last 3Y 12.46 0.84 [10.77 · 11.62 , 13.30 · 14.15]
+0.15 σ
Fair
Last 4Y 12.93 0.99 [10.95 · 11.94 , 13.92 · 14.91]
-0.35 σ
Fair
Last 5Y 12.97 0.92 [11.14 · 12.05 , 13.89 · 14.80]
-0.42 σ
Fair
Last 6Y 13.10 0.92 [11.26 · 12.18 , 14.02 · 14.94]
-0.56 σ
Fair
Last 7Y 13.48 1.15 [11.18 · 12.33 , 14.63 · 15.78]
-0.78 σ
Fair
Last 8Y 13.89 1.45 [10.99 · 12.44 , 15.34 · 16.79]
-0.90 σ
Fair
Last 9Y 14.32 1.70 [10.92 · 12.62 , 16.01 · 17.71]
-1.02 σ
Undervalued
Last 10Y 14.79 1.90 [10.98 · 12.89 , 16.70 · 18.60]
-1.16 σ
Undervalued
Last 11Y 15.01 1.89 [11.23 · 13.12 , 16.90 · 18.79]
-1.28 σ
Undervalued
Last 12Y 15.20 1.86 [11.47 · 13.33 , 17.06 · 18.92]
-1.40 σ
Undervalued
Last 13Y 15.07 1.80 [11.48 · 13.28 , 16.87 · 18.66]
-1.39 σ
Undervalued
Last 14Y 14.96 1.75 [11.47 · 13.21 , 16.71 · 18.46]
-1.36 σ
Undervalued
Last 15Y 14.89 1.71 [11.46 · 13.17 , 16.60 · 18.32]
-1.35 σ
Undervalued
Last 16Y 14.64 1.79 [11.05 · 12.85 , 16.44 · 18.23]
-1.15 σ
Undervalued
Last 17Y 14.51 1.79 [10.94 · 12.72 , 16.30 · 18.09]
-1.08 σ
Undervalued
Last 18Y 14.47 1.73 [11.01 · 12.74 , 16.19 · 17.92]
-1.09 σ
Undervalued
Last 19Y 14.35 1.72 [10.91 · 12.63 , 16.08 · 17.80]
-1.03 σ
Undervalued
Last 20Y 14.26 1.74 [10.78 · 12.52 , 15.99 · 17.73]
-0.96 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Mexico 12.58
+1.83 σ -0.42 σ -1.16 σ -0.96 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

Mexico Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +3.38% 24 May
Short Term Price vs SMA50 -2.32% 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.