32.58
Last update: 20 December 2024
The estimated P/E Ratio for New Zealand Stock Market is 32.58, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [22.90 , 31.67]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the ENZL Etf, whose benchmark is the New Zealand 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 New Zealand Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
20 December 2024 · P/E Ratio: 32.58
20 December 2024 · P/E Ratio: 32.58 ·
1Y Average: 26.84 ·
1 Std Dev range: [25.52 , 28.16] ·
2 Std Dev range: [24.20 , 29.48]
20 December 2024 · P/E Ratio: 32.58 ·
5Y Average: 27.28 ·
1 Std Dev range: [22.90 , 31.67] ·
2 Std Dev range: [18.52 , 36.05]
20 December 2024 · P/E Ratio: 32.58 ·
10Y Average: 25.79 ·
1 Std Dev range: [21.66 , 29.92] ·
2 Std Dev range: [17.53 , 34.05]
20 December 2024 · P/E Ratio: 32.58 ·
20Y Average: 20.01 ·
1 Std Dev range: [14.97 , 25.04] ·
2 Std Dev range: [9.94 , 30.07]
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".
20 December 2024 · P/E Ratio: 32.58 · Last Periods metrics
Show all periods
Swipe left to see all data
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 ( 32.58 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 26.84 | 1.32 | [24.20 · 25.52 , 28.16 · 29.48] |
|
+4.35 σ |
Expensive
|
| Last 2Y | 23.15 | 3.82 | [15.51 · 19.33 , 26.97 · 30.78] |
|
+2.47 σ |
Expensive
|
| Last 3Y | 23.91 | 3.94 | [16.03 · 19.97 , 27.86 · 31.80] |
|
+2.20 σ |
Expensive
|
| Last 4Y | 25.68 | 4.17 | [17.34 · 21.51 , 29.85 · 34.02] |
|
+1.66 σ |
Overvalued
|
| Last 5Y | 27.28 | 4.38 | [18.52 · 22.90 , 31.67 · 36.05] |
|
+1.21 σ |
Overvalued
|
| Last 6Y | 26.79 | 3.69 | [19.40 · 23.09 , 30.48 · 34.17] |
|
+1.57 σ |
Overvalued
|
| Last 7Y | 27.94 | 4.21 | [19.52 · 23.73 , 32.14 · 36.35] |
|
+1.10 σ |
Overvalued
|
| Last 8Y | 26.80 | 4.32 | [18.16 · 22.48 , 31.12 · 35.44] |
|
+1.34 σ |
Overvalued
|
| Last 9Y | 26.31 | 4.06 | [18.18 · 22.24 , 30.37 · 34.43] |
|
+1.54 σ |
Overvalued
|
| Last 10Y | 25.79 | 4.13 | [17.53 · 21.66 , 29.92 · 34.05] |
|
+1.64 σ |
Overvalued
|
| Last 11Y | 25.05 | 4.07 | [16.91 · 20.98 , 29.12 · 33.19] |
|
+1.85 σ |
Overvalued
|
| Last 12Y | 24.48 | 4.07 | [16.35 · 20.42 , 28.55 · 32.61] |
|
+1.99 σ |
Overvalued
|
| Last 13Y | 23.83 | 4.02 | [15.79 · 19.81 , 27.85 · 31.87] |
|
+2.18 σ |
Expensive
|
| Last 14Y | 23.26 | 4.11 | [15.03 · 19.14 , 27.37 · 31.49] |
|
+2.27 σ |
Expensive
|
| Last 15Y | 22.62 | 4.61 | [13.41 · 18.01 , 27.23 · 31.83] |
|
+2.16 σ |
Expensive
|
| Last 16Y | 21.87 | 4.81 | [12.25 · 17.06 , 26.68 · 31.49] |
|
+2.23 σ |
Expensive
|
| Last 17Y | 21.23 | 5.05 | [11.13 · 16.18 , 26.29 · 31.34] |
|
+2.25 σ |
Expensive
|
| Last 18Y | 20.74 | 4.98 | [10.77 · 15.75 , 25.72 · 30.70] |
|
+2.38 σ |
Expensive
|
| Last 19Y | 20.27 | 5.04 | [10.20 · 15.23 , 25.31 · 30.35] |
|
+2.44 σ |
Expensive
|
| Last 20Y | 20.01 | 5.03 | [9.94 · 14.97 , 25.04 · 30.07] |
|
+2.50 σ |
Expensive
|
P/E Comparison
How is the New Zealand 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 | |||
|
|
New Zealand | 32.58 |
|
+4.35 σ | +1.21 σ | +1.64 σ | +2.50 σ | |
| All World | 20.46 |
|
+0.66 σ | +1.89 σ | +2.96 σ | +3.83 σ | ||
| Developed ex-US | 15.24 |
|
-0.08 σ | +0.27 σ | +0.86 σ | +1.52 σ | ||
New Zealand Stock Market Trend
Trend is evaluated considering the price of the ENZL Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -3.51% | 20 Dec | |
| Short Term | Price vs SMA50 | -5.06% | 20 Dec |
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.