16.15
Last update: 22 January 2025
The estimated P/E Ratio for Thailand Stock Market is 16.15, calculated on 22 January 2025.
Considering the last 5 years, an average P/E interval is [16.88 , 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.
22 January 2025 · P/E Ratio: 16.15
22 January 2025 · P/E Ratio: 16.15 ·
1Y Average: 17.29 ·
1 Std Dev range: [16.85 , 17.74] ·
2 Std Dev range: [16.40 , 18.19]
22 January 2025 · P/E Ratio: 16.15 ·
5Y Average: 18.92 ·
1 Std Dev range: [16.88 , 20.96] ·
2 Std Dev range: [14.84 , 23.00]
22 January 2025 · P/E Ratio: 16.15 ·
10Y Average: 18.01 ·
1 Std Dev range: [16.18 , 19.84] ·
2 Std Dev range: [14.34 , 21.67]
22 January 2025 · P/E Ratio: 16.15 ·
20Y Average: 15.56 ·
1 Std Dev range: [12.82 , 18.29] ·
2 Std Dev range: [10.09 , 21.02]
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".
22 January 2025 · P/E Ratio: 16.15 · 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 ( 16.15 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 17.29 | 0.45 | [16.40 · 16.85 , 17.74 · 18.19] |
|
-2.56 σ |
Cheap
|
| Last 2Y | 16.36 | 1.13 | [14.10 · 15.23 , 17.50 · 18.63] |
|
-0.19 σ |
Fair
|
| Last 3Y | 17.35 | 1.45 | [14.45 · 15.90 , 18.81 · 20.26] |
|
-0.83 σ |
Fair
|
| Last 4Y | 18.47 | 1.97 | [14.52 · 16.49 , 20.44 · 22.41] |
|
-1.17 σ |
Undervalued
|
| Last 5Y | 18.92 | 2.04 | [14.84 · 16.88 , 20.96 · 23.00] |
|
-1.36 σ |
Undervalued
|
| Last 6Y | 18.57 | 1.81 | [14.94 · 16.76 , 20.38 · 22.19] |
|
-1.34 σ |
Undervalued
|
| Last 7Y | 18.11 | 1.88 | [14.36 · 16.23 , 19.98 · 21.86] |
|
-1.04 σ |
Undervalued
|
| Last 8Y | 17.66 | 1.87 | [13.92 · 15.79 , 19.53 · 21.40] |
|
-0.81 σ |
Fair
|
| Last 9Y | 17.85 | 1.90 | [14.06 · 15.95 , 19.74 · 21.64] |
|
-0.90 σ |
Fair
|
| Last 10Y | 18.01 | 1.83 | [14.34 · 16.18 , 19.84 · 21.67] |
|
-1.02 σ |
Undervalued
|
| Last 11Y | 17.67 | 1.87 | [13.92 · 15.79 , 19.54 · 21.42] |
|
-0.81 σ |
Fair
|
| Last 12Y | 17.36 | 1.96 | [13.44 · 15.40 , 19.31 · 21.27] |
|
-0.62 σ |
Fair
|
| Last 13Y | 17.07 | 1.95 | [13.17 · 15.12 , 19.02 · 20.97] |
|
-0.47 σ |
Fair
|
| Last 14Y | 16.76 | 2.06 | [12.63 · 14.69 , 18.82 · 20.89] |
|
-0.30 σ |
Fair
|
| Last 15Y | 16.53 | 2.17 | [12.19 · 14.36 , 18.70 · 20.87] |
|
-0.18 σ |
Fair
|
| Last 16Y | 16.48 | 2.23 | [12.03 · 14.26 , 18.71 · 20.93] |
|
-0.15 σ |
Fair
|
| Last 17Y | 16.42 | 2.33 | [11.76 · 14.09 , 18.74 · 21.07] |
|
-0.12 σ |
Fair
|
| Last 18Y | 16.13 | 2.39 | [11.35 · 13.74 , 18.52 · 20.91] |
|
+0.01 σ |
Fair
|
| Last 19Y | 15.82 | 2.55 | [10.72 · 13.27 , 18.37 · 20.93] |
|
+0.13 σ |
Fair
|
| Last 20Y | 15.56 | 2.73 | [10.09 · 12.82 , 18.29 · 21.02] |
|
+0.22 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 | 16.15 |
|
-2.56 σ | -1.36 σ | -1.02 σ | +0.22 σ | |
| All World | 21.00 |
|
+0.96 σ | +2.16 σ | +3.23 σ | +4.10 σ | ||
| Emerging Markets | 14.24 |
|
+0.73 σ | +0.40 σ | +1.01 σ | +1.33 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 | -1.80% | 22 Jan | |
| Short Term | Price vs SMA50 | -3.43% | 22 Jan |
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.