South Africa Stock Market: current P/E Ratio

11.84
Last update: 24 May 2024

The estimated P/E Ratio for South Africa Stock Market is 11.84, calculated on 24 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 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.

24 May 2024 · P/E Ratio: 11.84
24 May 2024 · P/E Ratio: 11.84 · 1Y Average: 10.08 · 1 Std Dev range: [9.56 , 10.60] · 2 Std Dev range: [9.04 , 11.13]
24 May 2024 · P/E Ratio: 11.84 · 5Y Average: 10.07 · 1 Std Dev range: [9.14 , 11.00] · 2 Std Dev range: [8.22 , 11.93]
24 May 2024 · P/E Ratio: 11.84 · 10Y Average: 12.46 · 1 Std Dev range: [10.35 , 14.56] · 2 Std Dev range: [8.24 , 16.67]
24 May 2024 · P/E Ratio: 11.84 · 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".
24 May 2024 · P/E Ratio: 11.84 · 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
( 11.84 )
Deviation
vs μ
Valuation
Last 1Y 10.08 0.52 [9.04 · 9.56 , 10.60 · 11.13]
+3.37 σ
Expensive
Last 2Y 9.24 0.86 [7.52 · 8.38 , 10.10 · 10.96]
+3.03 σ
Expensive
Last 3Y 9.31 0.68 [7.96 · 8.64 , 9.99 · 10.67]
+3.74 σ
Expensive
Last 4Y 9.71 0.78 [8.14 · 8.93 , 10.50 · 11.28]
+2.71 σ
Expensive
Last 5Y 10.07 0.93 [8.22 · 9.14 , 11.00 · 11.93]
+1.91 σ
Overvalued
Last 6Y 10.54 1.25 [8.03 · 9.28 , 11.79 · 13.04]
+1.04 σ
Overvalued
Last 7Y 11.20 1.82 [7.57 · 9.38 , 13.02 · 14.84]
+0.35 σ
Fair
Last 8Y 11.64 1.98 [7.69 · 9.67 , 13.62 · 15.60]
+0.10 σ
Fair
Last 9Y 12.06 2.09 [7.89 · 9.97 , 14.15 · 16.23]
-0.10 σ
Fair
Last 10Y 12.46 2.11 [8.24 · 10.35 , 14.56 · 16.67]
-0.29 σ
Fair
Last 11Y 12.55 1.98 [8.58 · 10.57 , 14.53 · 16.52]
-0.36 σ
Fair
Last 12Y 12.44 1.89 [8.67 · 10.56 , 14.33 · 16.22]
-0.32 σ
Fair
Last 13Y 12.22 1.87 [8.48 · 10.35 , 14.09 · 15.96]
-0.20 σ
Fair
Last 14Y 12.12 1.80 [8.53 · 10.32 , 13.91 · 15.71]
-0.15 σ
Fair
Last 15Y 12.07 1.74 [8.59 · 10.33 , 13.81 · 15.55]
-0.13 σ
Fair
Last 16Y 11.83 1.81 [8.21 · 10.02 , 13.63 · 15.44]
+0.01 σ
Fair
Last 17Y 11.77 1.74 [8.30 · 10.04 , 13.51 · 15.25]
+0.04 σ
Fair
Last 18Y 11.70 1.66 [8.39 · 10.05 , 13.36 · 15.02]
+0.08 σ
Fair
Last 19Y 11.66 1.60 [8.45 · 10.06 , 13.26 · 14.86]
+0.12 σ
Fair
Last 20Y 11.56 1.62 [8.32 · 9.94 , 13.18 · 14.80]
+0.17 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
South Africa 11.84
+3.37 σ +1.91 σ -0.29 σ +0.17 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Emerging Markets 14.41
+4.30 σ +0.71 σ +1.46 σ +1.63 σ

South Africa Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +8.92% 24 May
Short Term Price vs SMA50 +6.15% 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.