Singapore Stock Market: current P/E Ratio

12.14
Last update: 24 May 2024

The estimated P/E Ratio for Singapore Stock Market is 12.14, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [12.00 , 14.40]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWS Etf, whose benchmark is the Singapore 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 Singapore 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: 12.14
24 May 2024 · P/E Ratio: 12.14 · 1Y Average: 10.90 · 1 Std Dev range: [10.47 , 11.32] · 2 Std Dev range: [10.05 , 11.74]
24 May 2024 · P/E Ratio: 12.14 · 5Y Average: 13.20 · 1 Std Dev range: [12.00 , 14.40] · 2 Std Dev range: [10.80 , 15.60]
24 May 2024 · P/E Ratio: 12.14 · 10Y Average: 13.01 · 1 Std Dev range: [12.10 , 13.92] · 2 Std Dev range: [11.19 , 14.83]
24 May 2024 · P/E Ratio: 12.14 · 20Y Average: 13.32 · 1 Std Dev range: [12.48 , 14.17] · 2 Std Dev range: [11.64 , 15.01]
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: 12.14 · 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
( 12.14 )
Deviation
vs μ
Valuation
Last 1Y 10.90 0.42 [10.05 · 10.47 , 11.32 · 11.74]
+2.94 σ
Expensive
Last 2Y 12.15 1.32 [9.52 · 10.84 , 13.47 · 14.79]
-0.01 σ
Fair
Last 3Y 12.99 1.46 [10.07 · 11.53 , 14.45 · 15.91]
-0.58 σ
Fair
Last 4Y 13.39 1.30 [10.79 · 12.09 , 14.68 · 15.98]
-0.96 σ
Fair
Last 5Y 13.20 1.20 [10.80 · 12.00 , 14.40 · 15.60]
-0.89 σ
Fair
Last 6Y 12.96 1.10 [10.75 · 11.86 , 14.06 · 15.16]
-0.74 σ
Fair
Last 7Y 13.13 1.03 [11.06 · 12.09 , 14.16 · 15.19]
-0.95 σ
Fair
Last 8Y 13.06 0.95 [11.17 · 12.11 , 14.01 · 14.96]
-0.97 σ
Fair
Last 9Y 12.91 0.98 [10.95 · 11.93 , 13.89 · 14.87]
-0.79 σ
Fair
Last 10Y 13.01 0.91 [11.20 · 12.10 , 13.92 · 14.83]
-0.96 σ
Fair
Last 11Y 13.05 0.85 [11.34 · 12.19 , 13.90 · 14.75]
-1.06 σ
Undervalued
Last 12Y 13.06 0.82 [11.41 · 12.23 , 13.88 · 14.70]
-1.11 σ
Undervalued
Last 13Y 13.02 0.80 [11.42 · 12.22 , 13.82 · 14.62]
-1.10 σ
Undervalued
Last 14Y 13.08 0.79 [11.50 · 12.29 , 13.87 · 14.65]
-1.19 σ
Undervalued
Last 15Y 13.22 0.83 [11.56 · 12.39 , 14.05 · 14.88]
-1.30 σ
Undervalued
Last 16Y 13.12 0.87 [11.37 · 12.25 , 13.99 · 14.86]
-1.12 σ
Undervalued
Last 17Y 13.20 0.89 [11.42 · 12.31 , 14.09 · 14.98]
-1.19 σ
Undervalued
Last 18Y 13.27 0.90 [11.46 · 12.36 , 14.17 · 15.08]
-1.25 σ
Undervalued
Last 19Y 13.32 0.88 [11.55 · 12.43 , 14.20 · 15.08]
-1.33 σ
Undervalued
Last 20Y 13.32 0.84 [11.64 · 12.48 , 14.17 · 15.01]
-1.41 σ
Undervalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Singapore 12.14
+2.94 σ -0.89 σ -0.96 σ -1.41 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

Singapore Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +7.29% 24 May
Short Term Price vs SMA50 +4.31% 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.