Vietnam Stock Market: current P/E Ratio

15.68
Last update: 24 May 2024

The estimated P/E Ratio for Vietnam Stock Market is 15.68, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [13.50 , 19.76]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the VNM Etf, whose benchmark is the Vietnam 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 Vietnam 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: 15.68
24 May 2024 · P/E Ratio: 15.68 · 1Y Average: 13.81 · 1 Std Dev range: [12.62 , 14.99] · 2 Std Dev range: [11.43 , 16.18]
24 May 2024 · P/E Ratio: 15.68 · 5Y Average: 16.63 · 1 Std Dev range: [13.50 , 19.76] · 2 Std Dev range: [10.37 , 22.89]
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: 15.68 · 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
( 15.68 )
Deviation
vs μ
Valuation
Last 1Y 13.81 1.19 [11.43 · 12.62 , 14.99 · 16.18]
+1.58 σ
Overvalued
Last 2Y 12.34 1.58 [9.19 · 10.76 , 13.91 · 15.49]
+2.12 σ
Expensive
Last 3Y 14.04 2.51 [9.02 · 11.53 , 16.55 · 19.06]
+0.65 σ
Fair
Last 4Y 15.91 3.64 [8.63 · 12.27 , 19.55 · 23.19]
-0.06 σ
Fair
Last 5Y 16.63 3.13 [10.37 · 13.50 , 19.76 · 22.89]
-0.30 σ
Fair
Last 6Y 17.26 3.04 [11.19 · 14.22 , 20.30 · 23.34]
-0.52 σ
Fair
Last 7Y 17.64 2.98 [11.68 · 14.66 , 20.63 · 23.61]
-0.66 σ
Fair
Last 8Y 16.65 3.32 [10.00 · 13.33 , 19.98 · 23.30]
-0.29 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Vietnam 15.68
+1.58 σ -0.30 σ - -
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Frontier Markets 60.49
+118.92 σ +35.86 σ +45.66 σ +32.49 σ

Vietnam Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -5.47% 24 May
Short Term Price vs SMA50 -2.33% 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.