Asia ex-Japan Stocks: current P/E Ratio

16.38
Last update: 17 May 2024

The estimated P/E Ratio for Asia ex-Japan Stocks is 16.38, calculated on 17 May 2024.

Considering the last 5 years, an average P/E interval is [12.71 , 15.43]. For this reason, the current P/E can be considered Overvalued

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.

17 May 2024 · P/E Ratio: 16.38
17 May 2024 · P/E Ratio: 16.38 · 1Y Average: 13.66 · 1 Std Dev range: [13.22 , 14.10] · 2 Std Dev range: [12.78 , 14.53]
17 May 2024 · P/E Ratio: 16.38 · 5Y Average: 14.07 · 1 Std Dev range: [12.71 , 15.43] · 2 Std Dev range: [11.35 , 16.79]
17 May 2024 · P/E Ratio: 16.38 · 10Y Average: 13.46 · 1 Std Dev range: [12.52 , 14.40] · 2 Std Dev range: [11.59 , 15.34]
17 May 2024 · P/E Ratio: 16.38 · 20Y Average: 13.07 · 1 Std Dev range: [11.97 , 14.17] · 2 Std Dev range: [10.87 , 15.27]
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: 16.38 · 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
( 16.38 )		 Deviation
vs μ		 Valuation
Last 1Y 13.66 0.44 [12.78 · 13.22 , 14.10 · 14.53]
+6.21 σ
Expensive
Last 2Y 12.93 0.62 [11.68 · 12.30 , 13.55 · 14.18]
+5.52 σ
Expensive
Last 3Y 13.43 0.97 [11.48 · 12.45 , 14.40 · 15.37]
+3.04 σ
Expensive
Last 4Y 14.23 1.48 [11.28 · 12.75 , 15.70 · 17.18]
+1.46 σ
Overvalued
Last 5Y 14.07 1.36 [11.35 · 12.71 , 15.43 · 16.79]
+1.70 σ
Overvalued
Last 6Y 13.78 1.22 [11.34 · 12.56 , 15.00 · 16.21]
+2.14 σ
Expensive
Last 7Y 13.86 1.08 [11.70 · 12.78 , 14.94 · 16.02]
+2.34 σ
Expensive
Last 8Y 13.73 0.93 [11.86 · 12.80 , 14.66 · 15.60]
+2.84 σ
Expensive
Last 9Y 13.56 0.93 [11.71 · 12.63 , 14.49 · 15.41]
+3.04 σ
Expensive
Last 10Y 13.46 0.94 [11.59 · 12.52 , 14.40 · 15.34]
+3.11 σ
Expensive
Last 11Y 13.25 0.94 [11.38 · 12.32 , 14.19 · 15.13]
+3.33 σ
Expensive
Last 12Y 13.09 0.97 [11.15 · 12.12 , 14.06 · 15.03]
+3.38 σ
Expensive
Last 13Y 12.91 0.99 [10.93 · 11.92 , 13.91 · 14.90]
+3.50 σ
Expensive
Last 14Y 12.88 0.94 [11.00 · 11.94 , 13.82 · 14.76]
+3.72 σ
Expensive
Last 15Y 13.06 1.06 [10.94 · 12.00 , 14.12 · 15.19]
+3.13 σ
Expensive
Last 16Y 12.99 1.06 [10.88 · 11.93 , 14.05 · 15.10]
+3.21 σ
Expensive
Last 17Y 13.14 1.16 [10.82 · 11.98 , 14.30 · 15.46]
+2.79 σ
Expensive
Last 18Y 13.17 1.14 [10.88 · 12.02 , 14.31 · 15.45]
+2.81 σ
Expensive
Last 19Y 13.12 1.11 [10.91 · 12.01 , 14.23 · 15.33]
+2.95 σ
Expensive
Last 20Y 13.07 1.10 [10.87 · 11.97 , 14.17 · 15.27]
+3.01 σ
Expensive

Asia ex-Japan Stocks Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +11.82% 17 May
Short Term Price vs SMA50 +7.22% 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.