Thailand Stock Market: current P/E Ratio

17.48
Last update: 24 May 2024

The estimated P/E Ratio for Thailand Stock Market is 17.48, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [17.07 , 20.97]. For this reason, the current P/E can be considered Fair

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.

24 May 2024 · P/E Ratio: 17.48
24 May 2024 · P/E Ratio: 17.48 · 1Y Average: 16.29 · 1 Std Dev range: [15.28 , 17.31] · 2 Std Dev range: [14.27 , 18.32]
24 May 2024 · P/E Ratio: 17.48 · 5Y Average: 19.02 · 1 Std Dev range: [17.07 , 20.97] · 2 Std Dev range: [15.12 , 22.92]
24 May 2024 · P/E Ratio: 17.48 · 10Y Average: 17.84 · 1 Std Dev range: [15.91 , 19.78] · 2 Std Dev range: [13.97 , 21.71]
24 May 2024 · P/E Ratio: 17.48 · 20Y Average: 15.25 · 1 Std Dev range: [12.38 , 18.12] · 2 Std Dev range: [9.51 , 20.99]
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: 17.48 · 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
( 17.48 )
Deviation
vs μ
Valuation
Last 1Y 16.29 1.01 [14.27 · 15.28 , 17.31 · 18.32]
+1.17 σ
Overvalued
Last 2Y 16.82 1.51 [13.80 · 15.31 , 18.33 · 19.85]
+0.44 σ
Fair
Last 3Y 18.20 2.02 [14.16 · 16.18 , 20.22 · 22.24]
-0.35 σ
Fair
Last 4Y 19.20 2.19 [14.82 · 17.01 , 21.39 · 23.58]
-0.78 σ
Fair
Last 5Y 19.02 1.95 [15.12 · 17.07 , 20.97 · 22.92]
-0.79 σ
Fair
Last 6Y 18.26 2.06 [14.14 · 16.20 , 20.32 · 22.38]
-0.38 σ
Fair
Last 7Y 17.88 2.00 [13.87 · 15.88 , 19.88 · 21.89]
-0.20 σ
Fair
Last 8Y 17.80 2.02 [13.76 · 15.78 , 19.82 · 21.84]
-0.16 σ
Fair
Last 9Y 17.95 1.96 [14.04 · 15.99 , 19.91 · 21.86]
-0.24 σ
Fair
Last 10Y 17.84 1.94 [13.97 · 15.91 , 19.78 · 21.71]
-0.19 σ
Fair
Last 11Y 17.43 2.03 [13.36 · 15.39 , 19.46 · 21.49]
+0.03 σ
Fair
Last 12Y 17.17 2.03 [13.10 · 15.13 , 19.20 · 21.23]
+0.16 σ
Fair
Last 13Y 16.82 2.08 [12.67 · 14.74 , 18.90 · 20.97]
+0.32 σ
Fair
Last 14Y 16.51 2.17 [12.17 · 14.34 , 18.68 · 20.85]
+0.45 σ
Fair
Last 15Y 16.56 2.26 [12.04 · 14.30 , 18.81 · 21.07]
+0.41 σ
Fair
Last 16Y 16.26 2.35 [11.57 · 13.91 , 18.61 · 20.96]
+0.52 σ
Fair
Last 17Y 16.19 2.41 [11.36 · 13.77 , 18.60 · 21.01]
+0.54 σ
Fair
Last 18Y 15.84 2.54 [10.77 · 13.31 , 18.38 · 20.92]
+0.65 σ
Fair
Last 19Y 15.52 2.71 [10.09 · 12.80 , 18.23 · 20.94]
+0.72 σ
Fair
Last 20Y 15.25 2.87 [9.51 · 12.38 , 18.12 · 20.99]
+0.78 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Thailand 17.48
+1.17 σ -0.79 σ -0.19 σ +0.78 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

Thailand Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -4.77% 24 May
Short Term Price vs SMA50 -0.24% 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.