Africa Stocks: current P/E Ratio

12.10
Last update: 17 May 2024

The estimated P/E Ratio for Africa Stocks is 12.10, calculated on 17 May 2024.

Considering the last 5 years, an average P/E interval is [10.50 , 13.09]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the AFK Etf, whose benchmark is the Africa Stocks.

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 Africa Stocks P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

17 May 2024 · P/E Ratio: 12.10
17 May 2024 · P/E Ratio: 12.10 · 1Y Average: 10.28 · 1 Std Dev range: [9.75 , 10.82] · 2 Std Dev range: [9.21 , 11.35]
17 May 2024 · P/E Ratio: 12.10 · 5Y Average: 11.79 · 1 Std Dev range: [10.50 , 13.09] · 2 Std Dev range: [9.20 , 14.38]
17 May 2024 · P/E Ratio: 12.10 · 10Y Average: 13.35 · 1 Std Dev range: [11.88 , 14.81] · 2 Std Dev range: [10.42 , 16.27]
17 May 2024 · P/E Ratio: 12.10 · 20Y Average: 12.49 · 1 Std Dev range: [11.24 , 13.74] · 2 Std Dev range: [9.99 , 14.99]
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".
17 May 2024 · P/E Ratio: 12.10 · 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
( 12.10 )		 Deviation
vs μ		 Valuation
Last 1Y 10.28 0.53 [9.21 · 9.75 , 10.82 · 11.35]
+3.41 σ
Expensive
Last 2Y 10.15 0.46 [9.24 · 9.69 , 10.61 · 11.06]
+4.28 σ
Expensive
Last 3Y 10.68 0.78 [9.12 · 9.90 , 11.47 · 12.25]
+1.81 σ
Overvalued
Last 4Y 11.39 1.26 [8.86 · 10.12 , 12.65 · 13.92]
+0.56 σ
Fair
Last 5Y 11.79 1.30 [9.20 · 10.50 , 13.09 · 14.38]
+0.24 σ
Fair
Last 6Y 12.07 1.29 [9.48 · 10.77 , 13.36 · 14.65]
+0.03 σ
Fair
Last 7Y 12.49 1.45 [9.60 · 11.04 , 13.93 · 15.38]
-0.27 σ
Fair
Last 8Y 12.83 1.53 [9.77 · 11.30 , 14.36 · 15.89]
-0.48 σ
Fair
Last 9Y 13.11 1.55 [10.02 · 11.56 , 14.65 · 16.20]
-0.65 σ
Fair
Last 10Y 13.35 1.46 [10.42 · 11.88 , 14.81 · 16.27]
-0.85 σ
Fair
Last 11Y 13.33 1.35 [10.62 · 11.97 , 14.68 · 16.03]
-0.91 σ
Fair
Last 12Y 13.14 1.39 [10.37 · 11.76 , 14.53 · 15.92]
-0.75 σ
Fair
Last 13Y 12.88 1.50 [9.89 · 11.39 , 14.38 · 15.88]
-0.52 σ
Fair
Last 14Y 12.75 1.48 [9.79 · 11.27 , 14.23 · 15.71]
-0.44 σ
Fair
Last 15Y 12.73 1.41 [9.90 · 11.32 , 14.14 · 15.56]
-0.45 σ
Fair
Last 16Y 12.52 1.50 [9.52 · 11.02 , 14.01 · 15.51]
-0.28 σ
Fair
Last 17Y 12.50 1.44 [9.63 · 11.07 , 13.94 · 15.38]
-0.28 σ
Fair
Last 18Y 12.47 1.37 [9.74 · 11.11 , 13.84 · 15.21]
-0.27 σ
Fair
Last 19Y 12.46 1.31 [9.84 · 11.15 , 13.77 · 15.08]
-0.28 σ
Fair
Last 20Y 12.49 1.25 [9.99 · 11.24 , 13.74 · 14.99]
-0.31 σ
Fair

Africa Stocks Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +12.38% 17 May
Short Term Price vs SMA50 +7.02% 17 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.