New Zealand Stock Market: current P/E Ratio

29.18
Last update: 24 May 2024

The estimated P/E Ratio for New Zealand Stock Market is 29.18, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [22.82 , 31.35]. For this reason, the current P/E can be considered Fair

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.

24 May 2024 · P/E Ratio: 29.18
24 May 2024 · P/E Ratio: 29.18 · 1Y Average: 21.16 · 1 Std Dev range: [18.08 , 24.23] · 2 Std Dev range: [15.00 , 27.31]
24 May 2024 · P/E Ratio: 29.18 · 5Y Average: 27.08 · 1 Std Dev range: [22.82 , 31.35] · 2 Std Dev range: [18.55 , 35.62]
24 May 2024 · P/E Ratio: 29.18 · 10Y Average: 25.22 · 1 Std Dev range: [20.94 , 29.49] · 2 Std Dev range: [16.67 , 33.76]
24 May 2024 · P/E Ratio: 29.18 · 20Y Average: 19.53 · 1 Std Dev range: [14.64 , 24.41] · 2 Std Dev range: [9.75 , 29.30]
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: 29.18 · 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
( 29.18 )
Deviation
vs μ
Valuation
Last 1Y 21.16 3.08 [15.00 · 18.08 , 24.23 · 27.31]
+2.61 σ
Expensive
Last 2Y 23.49 4.57 [14.35 · 18.92 , 28.06 · 32.63]
+1.25 σ
Overvalued
Last 3Y 24.14 4.06 [16.02 · 20.08 , 28.20 · 32.26]
+1.24 σ
Overvalued
Last 4Y 26.69 5.14 [16.41 · 21.55 , 31.84 · 36.98]
+0.48 σ
Fair
Last 5Y 27.08 4.27 [18.55 · 22.82 , 31.35 · 35.62]
+0.49 σ
Fair
Last 6Y 27.43 4.19 [19.04 · 23.23 , 31.62 · 35.81]
+0.42 σ
Fair
Last 7Y 27.38 4.44 [18.49 · 22.94 , 31.83 · 36.27]
+0.40 σ
Fair
Last 8Y 26.40 4.33 [17.73 · 22.07 , 30.74 · 35.07]
+0.64 σ
Fair
Last 9Y 25.73 4.23 [17.27 · 21.50 , 29.95 · 34.18]
+0.82 σ
Fair
Last 10Y 25.22 4.27 [16.67 · 20.94 , 29.49 · 33.76]
+0.93 σ
Fair
Last 11Y 24.49 4.15 [16.19 · 20.34 , 28.64 · 32.79]
+1.13 σ
Overvalued
Last 12Y 23.94 4.11 [15.73 · 19.84 , 28.05 · 32.15]
+1.28 σ
Overvalued
Last 13Y 23.28 4.03 [15.22 · 19.25 , 27.31 · 31.34]
+1.46 σ
Overvalued
Last 14Y 22.53 4.40 [13.74 · 18.14 , 26.93 · 31.33]
+1.51 σ
Overvalued
Last 15Y 21.97 4.72 [12.53 · 17.25 , 26.69 · 31.41]
+1.53 σ
Overvalued
Last 16Y 21.21 4.92 [11.37 · 16.29 , 26.13 · 31.05]
+1.62 σ
Overvalued
Last 17Y 20.70 4.97 [10.75 · 15.73 , 25.67 · 30.64]
+1.71 σ
Overvalued
Last 18Y 20.17 4.93 [10.30 · 15.24 , 25.10 · 30.04]
+1.83 σ
Overvalued
Last 19Y 19.77 4.90 [9.97 · 14.87 , 24.68 · 29.58]
+1.92 σ
Overvalued
Last 20Y 19.53 4.89 [9.75 · 14.64 , 24.41 · 29.30]
+1.98 σ
Overvalued

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 29.18
+2.61 σ +0.49 σ +0.93 σ +1.98 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Developed ex-US 16.13
+5.00 σ +1.32 σ +2.30 σ +2.35 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 +0.81% 24 May
Short Term Price vs SMA50 +1.45% 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.