12.12
Last update: 17 May 2024
The estimated P/E Ratio for South Africa Stock Market is 12.12, calculated on 17 May 2024.
Considering the last 5 years, an average P/E interval is [9.14 , 11.00]. For this reason, the current P/E can be considered Expensive
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.
17 May 2024 · P/E Ratio: 12.12
17 May 2024 · P/E Ratio: 12.12 ·
1Y Average: 10.08 ·
1 Std Dev range: [9.56 , 10.60] ·
2 Std Dev range: [9.04 , 11.13]
17 May 2024 · P/E Ratio: 12.12 ·
5Y Average: 10.07 ·
1 Std Dev range: [9.14 , 11.00] ·
2 Std Dev range: [8.22 , 11.93]
17 May 2024 · P/E Ratio: 12.12 ·
10Y Average: 12.46 ·
1 Std Dev range: [10.35 , 14.56] ·
2 Std Dev range: [8.24 , 16.67]
17 May 2024 · P/E Ratio: 12.12 ·
20Y Average: 11.56 ·
1 Std Dev range: [9.94 , 13.18] ·
2 Std Dev range: [8.32 , 14.80]
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".
17 May 2024 · P/E Ratio: 12.12 · 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 ( 12.12 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 10.08 | 0.52 | [9.04 · 9.56 , 10.60 · 11.13] |
|
+3.91 σ |
Expensive
|
| Last 2Y | 9.24 | 0.86 | [7.52 · 8.38 , 10.10 · 10.96] |
|
+3.36 σ |
Expensive
|
| Last 3Y | 9.31 | 0.68 | [7.96 · 8.64 , 9.99 · 10.67] |
|
+4.15 σ |
Expensive
|
| Last 4Y | 9.71 | 0.78 | [8.14 · 8.93 , 10.50 · 11.28] |
|
+3.07 σ |
Expensive
|
| Last 5Y | 10.07 | 0.93 | [8.22 · 9.14 , 11.00 · 11.93] |
|
+2.21 σ |
Expensive
|
| Last 6Y | 10.54 | 1.25 | [8.03 · 9.28 , 11.79 · 13.04] |
|
+1.27 σ |
Overvalued
|
| Last 7Y | 11.20 | 1.82 | [7.57 · 9.38 , 13.02 · 14.84] |
|
+0.51 σ |
Fair
|
| Last 8Y | 11.64 | 1.98 | [7.69 · 9.67 , 13.62 · 15.60] |
|
+0.24 σ |
Fair
|
| Last 9Y | 12.06 | 2.09 | [7.89 · 9.97 , 14.15 · 16.23] |
|
+0.03 σ |
Fair
|
| Last 10Y | 12.46 | 2.11 | [8.24 · 10.35 , 14.56 · 16.67] |
|
-0.16 σ |
Fair
|
| Last 11Y | 12.55 | 1.98 | [8.58 · 10.57 , 14.53 · 16.52] |
|
-0.22 σ |
Fair
|
| Last 12Y | 12.44 | 1.89 | [8.67 · 10.56 , 14.33 · 16.22] |
|
-0.17 σ |
Fair
|
| Last 13Y | 12.22 | 1.87 | [8.48 · 10.35 , 14.09 · 15.96] |
|
-0.05 σ |
Fair
|
| Last 14Y | 12.12 | 1.80 | [8.53 · 10.32 , 13.91 · 15.71] |
|
+0.00 σ |
Fair
|
| Last 15Y | 12.07 | 1.74 | [8.59 · 10.33 , 13.81 · 15.55] |
|
+0.03 σ |
Fair
|
| Last 16Y | 11.83 | 1.81 | [8.21 · 10.02 , 13.63 · 15.44] |
|
+0.16 σ |
Fair
|
| Last 17Y | 11.77 | 1.74 | [8.30 · 10.04 , 13.51 · 15.25] |
|
+0.20 σ |
Fair
|
| Last 18Y | 11.70 | 1.66 | [8.39 · 10.05 , 13.36 · 15.02] |
|
+0.25 σ |
Fair
|
| Last 19Y | 11.66 | 1.60 | [8.45 · 10.06 , 13.26 · 14.86] |
|
+0.29 σ |
Fair
|
| Last 20Y | 11.56 | 1.62 | [8.32 · 9.94 , 13.18 · 14.80] |
|
+0.35 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 | 12.12 |
|
+3.91 σ | +2.21 σ | -0.16 σ | +0.35 σ | |
| All World | 21.20 |
|
+5.06 σ | +2.85 σ | +4.34 σ | +4.88 σ | ||
| Emerging Markets | 14.67 |
|
+4.85 σ | +0.89 σ | +1.75 σ | +1.86 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 | +11.65% | 17 May | |
| Short Term | Price vs SMA50 | +9.84% | 17 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.