The estimated P/E Ratio for Asia ex-Japan Stocks is 14.50, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [13.00 , 15.93]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the AAXJ Etf, whose benchmark is the Asia ex-Japan 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 Asia ex-Japan Stocks P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
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".
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 ( 14.50 ) |
Deviation vs μ |
Valuation |
Last 1Y | 15.12 | 0.59 | [13.93 · 14.52 , 15.71 · 16.30] |
|
-1.04 σ |
Undervalued
|
Last 2Y | 13.94 | 1.13 | [11.69 · 12.81 , 15.07 · 16.19] |
|
+0.49 σ |
Fair
|
Last 3Y | 13.46 | 1.02 | [11.41 · 12.43 , 14.48 · 15.50] |
|
+1.02 σ |
Overvalued
|
Last 4Y | 14.17 | 1.39 | [11.39 · 12.78 , 15.55 · 16.94] |
|
+0.24 σ |
Fair
|
Last 5Y | 14.47 | 1.46 | [11.54 · 13.00 , 15.93 · 17.39] |
|
+0.02 σ |
Fair
|
Last 6Y | 14.13 | 1.35 | [11.43 · 12.78 , 15.48 · 16.83] |
|
+0.27 σ |
Fair
|
Last 7Y | 14.02 | 1.25 | [11.52 · 12.77 , 15.26 · 16.51] |
|
+0.38 σ |
Fair
|
Last 8Y | 13.96 | 1.09 | [11.79 · 12.87 , 15.05 · 16.14] |
|
+0.49 σ |
Fair
|
Last 9Y | 13.81 | 1.05 | [11.70 · 12.75 , 14.86 · 15.91] |
|
+0.65 σ |
Fair
|
Last 10Y | 13.72 | 1.04 | [11.63 · 12.68 , 14.76 · 15.80] |
|
+0.75 σ |
Fair
|
Last 11Y | 13.50 | 1.04 | [11.42 · 12.46 , 14.54 · 15.59] |
|
+0.95 σ |
Fair
|
Last 12Y | 13.33 | 1.07 | [11.20 · 12.27 , 14.40 · 15.47] |
|
+1.09 σ |
Overvalued
|
Last 13Y | 13.14 | 1.09 | [10.95 · 12.05 , 14.23 · 15.32] |
|
+1.24 σ |
Overvalued
|
Last 14Y | 13.02 | 1.09 | [10.84 · 11.93 , 14.11 · 15.19] |
|
+1.36 σ |
Overvalued
|
Last 15Y | 13.06 | 1.06 | [10.94 · 12.00 , 14.12 · 15.18] |
|
+1.36 σ |
Overvalued
|
Last 16Y | 13.15 | 1.14 | [10.86 · 12.00 , 14.29 · 15.43] |
|
+1.18 σ |
Overvalued
|
Last 17Y | 13.14 | 1.16 | [10.82 · 11.98 , 14.30 · 15.46] |
|
+1.17 σ |
Overvalued
|
Last 18Y | 13.27 | 1.23 | [10.81 · 12.04 , 14.50 · 15.72] |
|
+1.00 σ |
Fair
|
Last 19Y | 13.25 | 1.19 | [10.88 · 12.06 , 14.44 · 15.62] |
|
+1.05 σ |
Overvalued
|
Last 20Y | 13.21 | 1.17 | [10.88 · 12.04 , 14.38 · 15.54] |
|
+1.10 σ |
Overvalued
|
Asia ex-Japan Stocks Trend
Trend is evaluated considering the price of the AAXJ Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +0.09% | 20 Dec | |
Short Term | Price vs SMA50 | -4.03% | 20 Dec |