15.36
Last update: 20 December 2024
The estimated P/E Ratio for Thailand Stock Market is 15.36, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [16.98 , 20.96]. For this reason, the current P/E can be considered Undervalued
P/E Ratio is calculated on the THD Etf, whose benchmark is the Thailand 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 Thailand 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: 15.36
20 December 2024 · P/E Ratio: 15.36 ·
1Y Average: 17.42 ·
1 Std Dev range: [17.05 , 17.79] ·
2 Std Dev range: [16.69 , 18.15]
20 December 2024 · P/E Ratio: 15.36 ·
5Y Average: 18.97 ·
1 Std Dev range: [16.98 , 20.96] ·
2 Std Dev range: [14.99 , 22.95]
20 December 2024 · P/E Ratio: 15.36 ·
10Y Average: 18.03 ·
1 Std Dev range: [16.22 , 19.85] ·
2 Std Dev range: [14.40 , 21.66]
20 December 2024 · P/E Ratio: 15.36 ·
20Y Average: 15.53 ·
1 Std Dev range: [12.77 , 18.29] ·
2 Std Dev range: [10.01 , 21.05]
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: 15.36 · 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 ( 15.36 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 17.42 | 0.37 | [16.69 · 17.05 , 17.79 · 18.15] |
|
-5.61 σ |
Cheap
|
| Last 2Y | 16.50 | 1.19 | [14.11 · 15.31 , 17.69 · 18.89] |
|
-0.95 σ |
Fair
|
| Last 3Y | 17.51 | 1.50 | [14.52 · 16.01 , 19.01 · 20.51] |
|
-1.43 σ |
Undervalued
|
| Last 4Y | 18.64 | 2.00 | [14.63 · 16.63 , 20.64 · 22.65] |
|
-1.63 σ |
Undervalued
|
| Last 5Y | 18.97 | 1.99 | [14.99 · 16.98 , 20.96 · 22.95] |
|
-1.81 σ |
Undervalued
|
| Last 6Y | 18.56 | 1.82 | [14.91 · 16.74 , 20.38 · 22.21] |
|
-1.75 σ |
Undervalued
|
| Last 7Y | 18.13 | 1.86 | [14.41 · 16.27 , 19.98 · 21.84] |
|
-1.49 σ |
Undervalued
|
| Last 8Y | 17.68 | 1.86 | [13.96 · 15.82 , 19.54 · 21.40] |
|
-1.24 σ |
Undervalued
|
| Last 9Y | 17.87 | 1.88 | [14.11 · 15.99 , 19.75 · 21.63] |
|
-1.33 σ |
Undervalued
|
| Last 10Y | 18.03 | 1.82 | [14.40 · 16.22 , 19.85 · 21.66] |
|
-1.47 σ |
Undervalued
|
| Last 11Y | 17.66 | 1.89 | [13.88 · 15.77 , 19.55 · 21.44] |
|
-1.21 σ |
Undervalued
|
| Last 12Y | 17.34 | 1.97 | [13.41 · 15.38 , 19.31 · 21.28] |
|
-1.01 σ |
Undervalued
|
| Last 13Y | 17.06 | 1.96 | [13.13 · 15.09 , 19.02 · 20.98] |
|
-0.86 σ |
Fair
|
| Last 14Y | 16.74 | 2.09 | [12.57 · 14.65 , 18.83 · 20.91] |
|
-0.66 σ |
Fair
|
| Last 15Y | 16.51 | 2.19 | [12.13 · 14.32 , 18.70 · 20.88] |
|
-0.52 σ |
Fair
|
| Last 16Y | 16.46 | 2.25 | [11.97 · 14.22 , 18.71 · 20.95] |
|
-0.49 σ |
Fair
|
| Last 17Y | 16.40 | 2.34 | [11.71 · 14.05 , 18.74 · 21.09] |
|
-0.44 σ |
Fair
|
| Last 18Y | 16.11 | 2.41 | [11.29 · 13.70 , 18.52 · 20.93] |
|
-0.31 σ |
Fair
|
| Last 19Y | 15.80 | 2.58 | [10.64 · 13.22 , 18.37 · 20.95] |
|
-0.17 σ |
Fair
|
| Last 20Y | 15.53 | 2.76 | [10.01 · 12.77 , 18.29 · 21.05] |
|
-0.06 σ |
Fair
|
P/E Comparison
How is the Thailand 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 | |||
|
|
Thailand | 15.36 |
|
-5.61 σ | -1.81 σ | -1.47 σ | -0.06 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 | ||
Thailand Stock Market Trend
Trend is evaluated considering the price of the THD Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -2.30% | 20 Dec | |
| Short Term | Price vs SMA50 | -8.31% | 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.