New Zealand Stock Market: current P/E Ratio

33.97
Last update: 07 February 2025

The estimated P/E Ratio for New Zealand Stock Market is 33.97, calculated on 07 February 2025.

Considering the last 5 years, an average P/E interval is [22.96 , 32.06]. 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.

07 February 2025 · P/E Ratio: 33.97
07 February 2025 · P/E Ratio: 33.97 · 1Y Average: 28.12 · 1 Std Dev range: [26.07 , 30.18] · 2 Std Dev range: [24.01 , 32.24]
07 February 2025 · P/E Ratio: 33.97 · 5Y Average: 27.51 · 1 Std Dev range: [22.96 , 32.06] · 2 Std Dev range: [18.41 , 36.61]
07 February 2025 · P/E Ratio: 33.97 · 10Y Average: 26.04 · 1 Std Dev range: [21.82 , 30.26] · 2 Std Dev range: [17.61 , 34.47]
07 February 2025 · P/E Ratio: 33.97 · 20Y Average: 20.18 · 1 Std Dev range: [15.04 , 25.32] · 2 Std Dev range: [9.90 , 30.46]
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".
07 February 2025 · P/E Ratio: 33.97 · 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
( 33.97 )
Deviation
vs μ
Valuation
Last 1Y 28.12 2.06 [24.01 · 26.07 , 30.18 · 32.24]
+2.84 σ
Expensive
Last 2Y 23.75 3.92 [15.92 · 19.83 , 27.66 · 31.58]
+2.61 σ
Expensive
Last 3Y 24.48 4.30 [15.88 · 20.18 , 28.78 · 33.07]
+2.21 σ
Expensive
Last 4Y 25.68 4.17 [17.34 · 21.51 , 29.85 · 34.02]
+1.99 σ
Overvalued
Last 5Y 27.51 4.55 [18.41 · 22.96 , 32.06 · 36.61]
+1.42 σ
Overvalued
Last 6Y 27.16 3.80 [19.57 · 23.37 , 30.96 · 34.76]
+1.79 σ
Overvalued
Last 7Y 28.00 4.15 [19.69 · 23.85 , 32.15 · 36.31]
+1.44 σ
Overvalued
Last 8Y 27.14 4.31 [18.52 · 22.83 , 31.45 · 35.76]
+1.58 σ
Overvalued
Last 9Y 26.57 4.15 [18.27 · 22.42 , 30.72 · 34.86]
+1.78 σ
Overvalued
Last 10Y 26.04 4.22 [17.61 · 21.82 , 30.26 · 34.47]
+1.88 σ
Overvalued
Last 11Y 25.31 4.16 [16.98 · 21.14 , 29.47 · 33.63]
+2.08 σ
Expensive
Last 12Y 24.72 4.18 [16.35 · 20.54 , 28.90 · 33.08]
+2.21 σ
Expensive
Last 13Y 24.07 4.14 [15.79 · 19.93 , 28.20 · 32.34]
+2.39 σ
Expensive
Last 14Y 23.51 4.20 [15.11 · 19.31 , 27.71 · 31.91]
+2.49 σ
Expensive
Last 15Y 22.89 4.66 [13.56 · 18.23 , 27.55 · 32.21]
+2.38 σ
Expensive
Last 16Y 22.13 4.87 [12.39 · 17.26 , 27.00 · 31.87]
+2.43 σ
Expensive
Last 17Y 21.46 5.14 [11.19 · 16.32 , 26.60 · 31.73]
+2.44 σ
Expensive
Last 18Y 20.93 5.08 [10.78 · 15.86 , 26.01 · 31.09]
+2.57 σ
Expensive
Last 19Y 20.47 5.12 [10.22 · 15.35 , 25.59 · 30.72]
+2.64 σ
Expensive
Last 20Y 20.18 5.14 [9.90 · 15.04 , 25.32 · 30.46]
+2.68 σ
Expensive

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
New Zealand 33.97
+2.84 σ +1.42 σ +1.88 σ +2.68 σ
All World 21.01
+0.88 σ +2.06 σ +3.13 σ +4.03 σ
Developed ex-US 17.00
+1.70 σ +1.52 σ +2.64 σ +3.06 σ

New Zealand Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -4.14% 07 Feb
Short Term Price vs SMA50 -2.25% 07 Feb
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.