South Korea Stock Market: current P/E Ratio

11.90
Last update: 24 June 2024

The estimated P/E Ratio for South Korea Stock Market is 11.90, calculated on 24 June 2024.

Considering the last 5 years, an average P/E interval is [9.49 , 11.61]. For this reason, the current P/E can be considered Overvalued

P/E Ratio is calculated on the EWY Etf, whose benchmark is the South Korea 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 Korea 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 June 2024 · P/E Ratio: 11.90
24 June 2024 · P/E Ratio: 11.90 · 1Y Average: 10.44 · 1 Std Dev range: [9.72 , 11.15] · 2 Std Dev range: [9.00 , 11.87]
24 June 2024 · P/E Ratio: 11.90 · 5Y Average: 10.55 · 1 Std Dev range: [9.49 , 11.61] · 2 Std Dev range: [8.43 , 12.67]
24 June 2024 · P/E Ratio: 11.90 · 10Y Average: 9.91 · 1 Std Dev range: [9.06 , 10.75] · 2 Std Dev range: [8.22 , 11.60]
24 June 2024 · P/E Ratio: 11.90 · 20Y Average: 9.65 · 1 Std Dev range: [8.74 , 10.56] · 2 Std Dev range: [7.83 , 11.47]
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 June 2024 · P/E Ratio: 11.90 · 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
( 11.90 )
Deviation
vs μ
Valuation
Last 1Y 10.44 0.72 [9.00 · 9.72 , 11.15 · 11.87]
+2.04 σ
Expensive
Last 2Y 9.49 0.81 [7.87 · 8.68 , 10.29 · 11.10]
+3.00 σ
Expensive
Last 3Y 9.66 0.73 [8.20 · 8.93 , 10.38 · 11.11]
+3.10 σ
Expensive
Last 4Y 10.34 1.17 [8.00 · 9.17 , 11.51 · 12.68]
+1.33 σ
Overvalued
Last 5Y 10.55 1.06 [8.43 · 9.49 , 11.61 · 12.67]
+1.28 σ
Overvalued
Last 6Y 10.23 1.13 [7.98 · 9.10 , 11.35 · 12.48]
+1.49 σ
Overvalued
Last 7Y 9.97 1.12 [7.73 · 8.85 , 11.10 · 12.22]
+1.71 σ
Overvalued
Last 8Y 9.91 0.99 [7.94 · 8.93 , 10.90 · 11.89]
+2.01 σ
Expensive
Last 9Y 9.91 0.90 [8.10 · 9.01 , 10.81 · 11.72]
+2.20 σ
Expensive
Last 10Y 9.91 0.85 [8.22 · 9.06 , 10.75 · 11.60]
+2.36 σ
Expensive
Last 11Y 9.75 0.84 [8.07 · 8.91 , 10.59 · 11.43]
+2.56 σ
Expensive
Last 12Y 9.62 0.86 [7.90 · 8.76 , 10.48 · 11.34]
+2.65 σ
Expensive
Last 13Y 9.53 0.83 [7.88 · 8.70 , 10.36 · 11.18]
+2.87 σ
Expensive
Last 14Y 9.52 0.79 [7.95 · 8.73 , 10.31 · 11.09]
+3.03 σ
Expensive
Last 15Y 9.59 0.81 [7.97 · 8.78 , 10.40 · 11.22]
+2.85 σ
Expensive
Last 16Y 9.60 0.80 [7.99 · 8.80 , 10.40 · 11.21]
+2.87 σ
Expensive
Last 17Y 9.73 0.90 [7.93 · 8.83 , 10.63 · 11.53]
+2.41 σ
Expensive
Last 18Y 9.76 0.88 [8.00 · 8.88 , 10.64 · 11.52]
+2.43 σ
Expensive
Last 19Y 9.73 0.86 [8.01 · 8.87 , 10.60 · 11.46]
+2.51 σ
Expensive
Last 20Y 9.65 0.91 [7.83 · 8.74 , 10.56 · 11.47]
+2.47 σ
Expensive

P/E Comparison

How is the South Korea 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 Korea 11.90
+2.04 σ +1.28 σ +2.36 σ +2.47 σ
All World 20.22
+2.80 σ +2.11 σ +3.44 σ +4.12 σ
Emerging Markets 14.30
+3.50 σ +0.61 σ +1.31 σ +1.51 σ

South Korea Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +3.63% 24 Jun
Short Term Price vs SMA50 +1.39% 24 Jun
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.