17.04
Last update: 20 December 2024
The estimated P/E Ratio for Taiwan Stock Market is 17.04, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [13.50 , 17.74]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EWT Etf, whose benchmark is the Taiwan 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 Taiwan 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: 17.04
20 December 2024 · P/E Ratio: 17.04 ·
1Y Average: 19.25 ·
1 Std Dev range: [18.19 , 20.30] ·
2 Std Dev range: [17.14 , 21.35]
20 December 2024 · P/E Ratio: 17.04 ·
5Y Average: 15.62 ·
1 Std Dev range: [13.50 , 17.74] ·
2 Std Dev range: [11.39 , 19.86]
20 December 2024 · P/E Ratio: 17.04 ·
10Y Average: 14.21 ·
1 Std Dev range: [12.57 , 15.84] ·
2 Std Dev range: [10.94 , 17.48]
20 December 2024 · P/E Ratio: 17.04 ·
20Y Average: 13.64 ·
1 Std Dev range: [12.22 , 15.06] ·
2 Std Dev range: [10.80 , 16.49]
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: 17.04 · 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 ( 17.04 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 19.25 | 1.05 | [17.14 · 18.19 , 20.30 · 21.35] |
|
-2.09 σ |
Cheap
|
| Last 2Y | 16.32 | 2.89 | [10.54 · 13.43 , 19.21 · 22.10] |
|
+0.25 σ |
Fair
|
| Last 3Y | 14.61 | 2.80 | [9.01 · 11.81 , 17.41 · 20.21] |
|
+0.87 σ |
Fair
|
| Last 4Y | 15.24 | 2.53 | [10.19 · 12.71 , 17.77 · 20.29] |
|
+0.71 σ |
Fair
|
| Last 5Y | 15.62 | 2.12 | [11.39 · 13.50 , 17.74 · 19.86] |
|
+0.67 σ |
Fair
|
| Last 6Y | 15.33 | 1.86 | [11.60 · 13.47 , 17.19 · 19.06] |
|
+0.92 σ |
Fair
|
| Last 7Y | 14.99 | 1.77 | [11.46 · 13.22 , 16.76 · 18.53] |
|
+1.16 σ |
Overvalued
|
| Last 8Y | 14.69 | 1.61 | [11.47 · 13.08 , 16.30 · 17.92] |
|
+1.46 σ |
Overvalued
|
| Last 9Y | 14.41 | 1.61 | [11.19 · 12.80 , 16.02 · 17.62] |
|
+1.64 σ |
Overvalued
|
| Last 10Y | 14.21 | 1.64 | [10.94 · 12.57 , 15.84 · 17.48] |
|
+1.73 σ |
Overvalued
|
| Last 11Y | 14.12 | 1.45 | [11.22 · 12.67 , 15.57 · 17.02] |
|
+2.02 σ |
Expensive
|
| Last 12Y | 14.09 | 1.34 | [11.41 · 12.75 , 15.42 · 16.76] |
|
+2.21 σ |
Expensive
|
| Last 13Y | 14.01 | 1.23 | [11.56 · 12.78 , 15.24 · 16.47] |
|
+2.47 σ |
Expensive
|
| Last 14Y | 13.86 | 1.22 | [11.42 · 12.64 , 15.09 · 16.31] |
|
+2.60 σ |
Expensive
|
| Last 15Y | 13.83 | 1.25 | [11.34 · 12.59 , 15.08 · 16.33] |
|
+2.57 σ |
Expensive
|
| Last 16Y | 14.10 | 1.55 | [11.01 · 12.56 , 15.65 · 17.20] |
|
+1.90 σ |
Overvalued
|
| Last 17Y | 13.96 | 1.53 | [10.90 · 12.43 , 15.49 · 17.02] |
|
+2.02 σ |
Expensive
|
| Last 18Y | 13.85 | 1.43 | [10.99 · 12.42 , 15.28 · 16.71] |
|
+2.23 σ |
Expensive
|
| Last 19Y | 13.72 | 1.42 | [10.89 · 12.30 , 15.14 · 16.56] |
|
+2.34 σ |
Expensive
|
| Last 20Y | 13.64 | 1.42 | [10.80 · 12.22 , 15.06 · 16.49] |
|
+2.39 σ |
Expensive
|
P/E Comparison
How is the Taiwan 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 | |||
|
|
Taiwan | 17.04 |
|
-2.09 σ | +0.67 σ | +1.73 σ | +2.39 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 | ||
Taiwan Stock Market Trend
Trend is evaluated considering the price of the EWT Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -0.05% | 20 Dec | |
| Short Term | Price vs SMA50 | -4.29% | 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.