11.87
Last update: 20 December 2024
The estimated P/E Ratio for South Africa Stock Market is 11.87, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [9.15 , 10.98]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the EZA Etf, whose benchmark is the South Africa 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 South Africa 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: 11.87
20 December 2024 · P/E Ratio: 11.87 ·
1Y Average: 11.62 ·
1 Std Dev range: [10.44 , 12.79] ·
2 Std Dev range: [9.27 , 13.96]
20 December 2024 · P/E Ratio: 11.87 ·
5Y Average: 10.06 ·
1 Std Dev range: [9.15 , 10.98] ·
2 Std Dev range: [8.23 , 11.90]
20 December 2024 · P/E Ratio: 11.87 ·
10Y Average: 12.35 ·
1 Std Dev range: [10.27 , 14.42] ·
2 Std Dev range: [8.20 , 16.49]
20 December 2024 · P/E Ratio: 11.87 ·
20Y Average: 11.69 ·
1 Std Dev range: [10.10 , 13.28] ·
2 Std Dev range: [8.51 , 14.87]
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: 11.87 · 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 ( 11.87 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 11.62 | 1.17 | [9.27 · 10.44 , 12.79 · 13.96] |
|
+0.22 σ |
Fair
|
| Last 2Y | 10.41 | 1.05 | [8.30 · 9.36 , 11.46 · 12.51] |
|
+1.39 σ |
Overvalued
|
| Last 3Y | 9.62 | 0.95 | [7.72 · 8.67 , 10.58 · 11.53] |
|
+2.36 σ |
Expensive
|
| Last 4Y | 9.77 | 0.86 | [8.05 · 8.91 , 10.63 · 11.48] |
|
+2.45 σ |
Expensive
|
| Last 5Y | 10.06 | 0.92 | [8.23 · 9.15 , 10.98 · 11.90] |
|
+1.97 σ |
Overvalued
|
| Last 6Y | 10.50 | 1.21 | [8.08 · 9.29 , 11.71 · 12.92] |
|
+1.13 σ |
Overvalued
|
| Last 7Y | 11.00 | 1.54 | [7.92 · 9.46 , 12.54 · 14.07] |
|
+0.57 σ |
Fair
|
| Last 8Y | 11.49 | 1.85 | [7.80 · 9.64 , 13.34 · 15.19] |
|
+0.20 σ |
Fair
|
| Last 9Y | 11.88 | 1.95 | [7.98 · 9.93 , 13.83 · 15.78] |
|
-0.01 σ |
Fair
|
| Last 10Y | 12.35 | 2.07 | [8.20 · 10.27 , 14.42 · 16.49] |
|
-0.23 σ |
Fair
|
| Last 11Y | 12.52 | 2.00 | [8.52 · 10.52 , 14.51 · 16.51] |
|
-0.32 σ |
Fair
|
| Last 12Y | 12.55 | 1.88 | [8.79 · 10.67 , 14.43 · 16.31] |
|
-0.36 σ |
Fair
|
| Last 13Y | 12.37 | 1.83 | [8.70 · 10.53 , 14.20 · 16.03] |
|
-0.27 σ |
Fair
|
| Last 14Y | 12.22 | 1.80 | [8.61 · 10.41 , 14.02 · 15.82] |
|
-0.19 σ |
Fair
|
| Last 15Y | 12.16 | 1.74 | [8.69 · 10.42 , 13.90 · 15.64] |
|
-0.17 σ |
Fair
|
| Last 16Y | 11.99 | 1.74 | [8.52 · 10.26 , 13.73 · 15.47] |
|
-0.07 σ |
Fair
|
| Last 17Y | 11.82 | 1.77 | [8.29 · 10.05 , 13.59 · 15.36] |
|
+0.03 σ |
Fair
|
| Last 18Y | 11.79 | 1.67 | [8.44 · 10.12 , 13.47 · 15.14] |
|
+0.05 σ |
Fair
|
| Last 19Y | 11.75 | 1.62 | [8.51 · 10.13 , 13.36 · 14.98] |
|
+0.08 σ |
Fair
|
| Last 20Y | 11.69 | 1.59 | [8.51 · 10.10 , 13.28 · 14.87] |
|
+0.11 σ |
Fair
|
P/E Comparison
How is the South Africa 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 | |||
|
|
South Africa | 11.87 |
|
+0.22 σ | +1.97 σ | -0.23 σ | +0.11 σ | |
| All World | 20.46 |
|
+0.66 σ | +1.89 σ | +2.96 σ | +3.83 σ | ||
| Emerging Markets | 13.29 |
|
-1.00 σ | -0.22 σ | +0.02 σ | +0.49 σ | ||
South Africa Stock Market Trend
Trend is evaluated considering the price of the EZA Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -1.98% | 20 Dec | |
| Short Term | Price vs SMA50 | -9.63% | 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.