South Korea Stock Market: current P/E Ratio

12.37
Last update: 24 May 2024

The estimated P/E Ratio for South Korea Stock Market is 12.37, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [9.48 , 11.56]. 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 May 2024 · P/E Ratio: 12.37
24 May 2024 · P/E Ratio: 12.37 · 1Y Average: 10.16 · 1 Std Dev range: [9.65 , 10.67] · 2 Std Dev range: [9.14 , 11.18]
24 May 2024 · P/E Ratio: 12.37 · 5Y Average: 10.52 · 1 Std Dev range: [9.48 , 11.56] · 2 Std Dev range: [8.44 , 12.60]
24 May 2024 · P/E Ratio: 12.37 · 10Y Average: 9.88 · 1 Std Dev range: [9.05 , 10.71] · 2 Std Dev range: [8.23 , 11.53]
24 May 2024 · P/E Ratio: 12.37 · 20Y Average: 9.63 · 1 Std Dev range: [8.73 , 10.54] · 2 Std Dev range: [7.82 , 11.44]
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: 12.37 · 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
( 12.37 )
Deviation
vs μ
Valuation
Last 1Y 10.16 0.51 [9.14 · 9.65 , 10.67 · 11.18]
+4.34 σ
Expensive
Last 2Y 9.36 0.71 [7.94 · 8.65 , 10.07 · 10.78]
+4.23 σ
Expensive
Last 3Y 9.66 0.73 [8.20 · 8.93 , 10.38 · 11.11]
+3.74 σ
Expensive
Last 4Y 10.33 1.16 [8.02 · 9.18 , 11.49 · 12.64]
+1.76 σ
Overvalued
Last 5Y 10.52 1.04 [8.44 · 9.48 , 11.56 · 12.60]
+1.78 σ
Overvalued
Last 6Y 10.17 1.12 [7.93 · 9.05 , 11.29 · 12.41]
+1.97 σ
Overvalued
Last 7Y 9.93 1.10 [7.73 · 8.83 , 11.03 · 12.13]
+2.22 σ
Expensive
Last 8Y 9.89 0.96 [7.97 · 8.93 , 10.85 · 11.81]
+2.58 σ
Expensive
Last 9Y 9.89 0.88 [8.13 · 9.01 , 10.77 · 11.65]
+2.82 σ
Expensive
Last 10Y 9.88 0.83 [8.23 · 9.05 , 10.71 · 11.53]
+3.02 σ
Expensive
Last 11Y 9.72 0.83 [8.06 · 8.89 , 10.55 · 11.38]
+3.19 σ
Expensive
Last 12Y 9.60 0.85 [7.90 · 8.75 , 10.44 · 11.29]
+3.27 σ
Expensive
Last 13Y 9.51 0.81 [7.90 · 8.71 , 10.32 · 11.13]
+3.53 σ
Expensive
Last 14Y 9.50 0.77 [7.95 · 8.72 , 10.27 · 11.04]
+3.71 σ
Expensive
Last 15Y 9.59 0.81 [7.97 · 8.78 , 10.40 · 11.22]
+3.43 σ
Expensive
Last 16Y 9.60 0.80 [8.00 · 8.80 , 10.39 · 11.19]
+3.48 σ
Expensive
Last 17Y 9.73 0.90 [7.93 · 8.83 , 10.63 · 11.53]
+2.93 σ
Expensive
Last 18Y 9.75 0.87 [8.01 · 8.88 , 10.62 · 11.49]
+3.01 σ
Expensive
Last 19Y 9.71 0.86 [8.00 · 8.86 , 10.57 · 11.43]
+3.10 σ
Expensive
Last 20Y 9.63 0.90 [7.82 · 8.73 , 10.54 · 11.44]
+3.03 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 12.37
+4.34 σ +1.78 σ +3.02 σ +3.03 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 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 +2.55% 24 May
Short Term Price vs SMA50 -1.20% 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.