27.34
Last update: 26 July 2024
The estimated P/E Ratio for New Zealand Stock Market is 27.34, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [22.88 , 31.45]. 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.
26 July 2024 · P/E Ratio: 27.34
26 July 2024 · P/E Ratio: 27.34 ·
1Y Average: 23.05 ·
1 Std Dev range: [19.17 , 26.93] ·
2 Std Dev range: [15.30 , 30.80]
26 July 2024 · P/E Ratio: 27.34 ·
5Y Average: 27.16 ·
1 Std Dev range: [22.88 , 31.45] ·
2 Std Dev range: [18.59 , 35.73]
26 July 2024 · P/E Ratio: 27.34 ·
10Y Average: 25.39 ·
1 Std Dev range: [21.15 , 29.63] ·
2 Std Dev range: [16.91 , 33.87]
26 July 2024 · P/E Ratio: 27.34 ·
20Y Average: 19.67 ·
1 Std Dev range: [14.73 , 24.62] ·
2 Std Dev range: [9.78 , 29.56]
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: 27.34 · 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 ( 27.34 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 23.05 | 3.88 | [15.30 · 19.17 , 26.93 · 30.80] |
|
+1.11 σ |
Overvalued
|
| Last 2Y | 23.94 | 4.64 | [14.66 · 19.30 , 28.58 · 33.21] |
|
+0.73 σ |
Fair
|
| Last 3Y | 24.13 | 4.06 | [16.01 · 20.07 , 28.19 · 32.25] |
|
+0.79 σ |
Fair
|
| Last 4Y | 26.53 | 4.95 | [16.63 · 21.58 , 31.48 · 36.43] |
|
+0.16 σ |
Fair
|
| Last 5Y | 27.16 | 4.28 | [18.59 · 22.88 , 31.45 · 35.73] |
|
+0.04 σ |
Fair
|
| Last 6Y | 27.19 | 3.93 | [19.34 · 23.26 , 31.12 · 35.04] |
|
+0.04 σ |
Fair
|
| Last 7Y | 27.60 | 4.32 | [18.95 · 23.28 , 31.92 · 36.24] |
|
-0.06 σ |
Fair
|
| Last 8Y | 26.53 | 4.32 | [17.88 · 22.21 , 30.86 · 35.18] |
|
+0.19 σ |
Fair
|
| Last 9Y | 25.91 | 4.18 | [17.55 · 21.73 , 30.09 · 34.27] |
|
+0.34 σ |
Fair
|
| Last 10Y | 25.39 | 4.24 | [16.91 · 21.15 , 29.63 · 33.87] |
|
+0.46 σ |
Fair
|
| Last 11Y | 24.66 | 4.14 | [16.38 · 20.52 , 28.80 · 32.94] |
|
+0.65 σ |
Fair
|
| Last 12Y | 24.11 | 4.09 | [15.93 · 20.02 , 28.21 · 32.30] |
|
+0.79 σ |
Fair
|
| Last 13Y | 23.45 | 4.03 | [15.39 · 19.42 , 27.48 · 31.51] |
|
+0.97 σ |
Fair
|
| Last 14Y | 22.76 | 4.31 | [14.13 · 18.44 , 27.07 · 31.39] |
|
+1.06 σ |
Overvalued
|
| Last 15Y | 22.17 | 4.69 | [12.79 · 17.48 , 26.86 · 31.55] |
|
+1.10 σ |
Overvalued
|
| Last 16Y | 21.41 | 4.90 | [11.60 · 16.50 , 26.31 · 31.22] |
|
+1.21 σ |
Overvalued
|
| Last 17Y | 20.86 | 5.01 | [10.83 · 15.85 , 25.87 · 30.89] |
|
+1.29 σ |
Overvalued
|
| Last 18Y | 20.34 | 4.97 | [10.39 · 15.37 , 25.31 · 30.28] |
|
+1.41 σ |
Overvalued
|
| Last 19Y | 19.93 | 4.95 | [10.02 · 14.98 , 24.89 · 29.84] |
|
+1.50 σ |
Overvalued
|
| Last 20Y | 19.67 | 4.95 | [9.78 · 14.73 , 24.62 · 29.57] |
|
+1.55 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 | 27.34 |
|
+1.11 σ | +0.04 σ | +0.46 σ | +1.55 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 | ||
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 | +0.35% | 26 Jul | |
| Short Term | Price vs SMA50 | -0.29% | 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.