Turkey Stock Market: current P/E Ratio

4.73
Last update: 24 May 2024

The estimated P/E Ratio for Turkey Stock Market is 4.73, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [4.86 , 6.15]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the TUR Etf, whose benchmark is the Turkey 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 Turkey 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: 4.73
24 May 2024 · P/E Ratio: 4.73 · 1Y Average: 5.73 · 1 Std Dev range: [5.16 , 6.29] · 2 Std Dev range: [4.60 , 6.86]
24 May 2024 · P/E Ratio: 4.73 · 5Y Average: 5.51 · 1 Std Dev range: [4.86 , 6.15] · 2 Std Dev range: [4.21 , 6.80]
24 May 2024 · P/E Ratio: 4.73 · 10Y Average: 6.71 · 1 Std Dev range: [5.43 , 7.99] · 2 Std Dev range: [4.15 , 9.27]
24 May 2024 · P/E Ratio: 4.73 · 20Y Average: 8.20 · 1 Std Dev range: [6.52 , 9.88] · 2 Std Dev range: [4.85 , 11.55]
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: 4.73 · 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
( 4.73 )
Deviation
vs μ
Valuation
Last 1Y 5.73 0.56 [4.60 · 5.16 , 6.29 · 6.86]
-1.77 σ
Undervalued
Last 2Y 4.98 0.71 [3.56 · 4.27 , 5.69 · 6.40]
-0.36 σ
Fair
Last 3Y 4.97 0.54 [3.88 · 4.43 , 5.51 · 6.06]
-0.44 σ
Fair
Last 4Y 5.32 0.70 [3.93 · 4.62 , 6.02 · 6.72]
-0.85 σ
Fair
Last 5Y 5.51 0.65 [4.21 · 4.86 , 6.15 · 6.80]
-1.20 σ
Undervalued
Last 6Y 5.59 0.59 [4.42 · 5.00 , 6.18 · 6.76]
-1.47 σ
Undervalued
Last 7Y 5.82 0.71 [4.40 · 5.11 , 6.52 · 7.23]
-1.54 σ
Undervalued
Last 8Y 6.09 0.92 [4.25 · 5.17 , 7.01 · 7.93]
-1.48 σ
Undervalued
Last 9Y 6.37 1.08 [4.20 · 5.28 , 7.45 · 8.54]
-1.51 σ
Undervalued
Last 10Y 6.71 1.28 [4.15 · 5.43 , 7.99 · 9.27]
-1.55 σ
Undervalued
Last 11Y 6.94 1.37 [4.19 · 5.57 , 8.31 · 9.69]
-1.61 σ
Undervalued
Last 12Y 7.21 1.51 [4.18 · 5.70 , 8.73 · 10.24]
-1.64 σ
Undervalued
Last 13Y 7.37 1.52 [4.34 · 5.85 , 8.88 · 10.40]
-1.74 σ
Undervalued
Last 14Y 7.56 1.56 [4.44 · 6.00 , 9.12 · 10.68]
-1.82 σ
Undervalued
Last 15Y 7.73 1.54 [4.64 · 6.19 , 9.27 · 10.81]
-1.94 σ
Undervalued
Last 16Y 7.60 1.54 [4.53 · 6.07 , 9.14 · 10.67]
-1.87 σ
Undervalued
Last 17Y 7.74 1.56 [4.62 · 6.18 , 9.30 · 10.86]
-1.93 σ
Undervalued
Last 18Y 7.82 1.55 [4.73 · 6.28 , 9.37 · 10.92]
-2.00 σ
Cheap
Last 19Y 7.99 1.60 [4.79 · 6.39 , 9.58 · 11.18]
-2.04 σ
Cheap
Last 20Y 8.20 1.68 [4.85 · 6.52 , 9.88 · 11.55]
-2.07 σ
Cheap

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Turkey 4.73
-1.77 σ -1.20 σ -1.55 σ -2.07 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

Turkey Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +17.24% 24 May
Short Term Price vs SMA50 +10.16% 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.