Taiwan Stock Market: current P/E Ratio

21.38
Last update: 24 May 2024

The estimated P/E Ratio for Taiwan Stock Market is 21.38, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [13.39 , 16.82]. For this reason, the current P/E can be considered Expensive

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.

24 May 2024 · P/E Ratio: 21.38
24 May 2024 · P/E Ratio: 21.38 · 1Y Average: 16.33 · 1 Std Dev range: [15.14 , 17.51] · 2 Std Dev range: [13.95 , 18.70]
24 May 2024 · P/E Ratio: 21.38 · 5Y Average: 15.10 · 1 Std Dev range: [13.39 , 16.82] · 2 Std Dev range: [11.67 , 18.53]
24 May 2024 · P/E Ratio: 21.38 · 10Y Average: 13.93 · 1 Std Dev range: [12.59 , 15.26] · 2 Std Dev range: [11.25 , 16.60]
24 May 2024 · P/E Ratio: 21.38 · 20Y Average: 13.42 · 1 Std Dev range: [12.14 , 14.70] · 2 Std Dev range: [10.86 , 15.99]
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: 21.38 · 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
( 21.38 )
Deviation
vs μ
Valuation
Last 1Y 16.33 1.19 [13.95 · 15.14 , 17.51 · 18.70]
+4.25 σ
Expensive
Last 2Y 13.36 2.51 [8.34 · 10.85 , 15.87 · 18.38]
+3.19 σ
Expensive
Last 3Y 13.88 1.99 [9.90 · 11.89 , 15.86 · 17.85]
+3.78 σ
Expensive
Last 4Y 14.84 2.12 [10.61 · 12.73 , 16.96 · 19.08]
+3.09 σ
Expensive
Last 5Y 15.10 1.72 [11.67 · 13.39 , 16.82 · 18.53]
+3.66 σ
Expensive
Last 6Y 14.70 1.60 [11.51 · 13.11 , 16.30 · 17.90]
+4.18 σ
Expensive
Last 7Y 14.53 1.44 [11.65 · 13.09 , 15.97 · 17.40]
+4.77 σ
Expensive
Last 8Y 14.27 1.33 [11.60 · 12.94 , 15.60 · 16.93]
+5.33 σ
Expensive
Last 9Y 13.94 1.44 [11.07 · 12.51 , 15.38 · 16.82]
+5.17 σ
Expensive
Last 10Y 13.93 1.34 [11.25 · 12.59 , 15.26 · 16.60]
+5.57 σ
Expensive
Last 11Y 13.88 1.20 [11.49 · 12.69 , 15.08 · 16.27]
+6.27 σ
Expensive
Last 12Y 13.87 1.11 [11.65 · 12.76 , 14.99 · 16.10]
+6.73 σ
Expensive
Last 13Y 13.77 1.08 [11.61 · 12.69 , 14.85 · 15.93]
+7.05 σ
Expensive
Last 14Y 13.62 1.10 [11.42 · 12.52 , 14.72 · 15.82]
+7.05 σ
Expensive
Last 15Y 13.83 1.24 [11.36 · 12.59 , 15.07 · 16.30]
+6.10 σ
Expensive
Last 16Y 13.85 1.32 [11.20 · 12.53 , 15.17 · 16.49]
+5.70 σ
Expensive
Last 17Y 13.74 1.30 [11.15 · 12.45 , 15.04 · 16.33]
+5.89 σ
Expensive
Last 18Y 13.63 1.25 [11.14 · 12.39 , 14.88 · 16.12]
+6.22 σ
Expensive
Last 19Y 13.52 1.24 [11.04 · 12.28 , 14.76 · 16.00]
+6.34 σ
Expensive
Last 20Y 13.42 1.28 [10.86 · 12.14 , 14.70 · 15.99]
+6.20 σ
Expensive

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Taiwan 21.38
+4.25 σ +3.66 σ +5.57 σ +6.20 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

Taiwan Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +10.90% 24 May
Short Term Price vs SMA50 +6.25% 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.