20.72
Last update: 20 November 2024
The estimated P/E Ratio for Australia Stock Market is 20.72, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [14.60 , 18.39]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the EWA Etf, whose benchmark is the Australia 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 Australia Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
20 November 2024 · P/E Ratio: 20.72
20 November 2024 · P/E Ratio: 20.72 ·
1Y Average: 18.60 ·
1 Std Dev range: [16.72 , 20.48] ·
2 Std Dev range: [14.84 , 22.36]
20 November 2024 · P/E Ratio: 20.72 ·
5Y Average: 16.49 ·
1 Std Dev range: [14.60 , 18.39] ·
2 Std Dev range: [12.71 , 20.28]
20 November 2024 · P/E Ratio: 20.72 ·
10Y Average: 15.77 ·
1 Std Dev range: [14.61 , 16.93] ·
2 Std Dev range: [13.45 , 18.09]
20 November 2024 · P/E Ratio: 20.72 ·
20Y Average: 14.52 ·
1 Std Dev range: [13.22 , 15.82] ·
2 Std Dev range: [11.92 , 17.12]
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".
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".
20 November 2024 · P/E Ratio: 20.72 · 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 ( 20.72 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 18.60 | 1.88 | [14.84 · 16.72 , 20.48 · 22.36] |
|
+1.13 σ |
Overvalued
|
| Last 2Y | 16.01 | 2.37 | [11.27 · 13.64 , 18.38 · 20.76] |
|
+1.99 σ |
Overvalued
|
| Last 3Y | 15.30 | 1.82 | [11.66 · 13.48 , 17.12 · 18.93] |
|
+2.98 σ |
Expensive
|
| Last 4Y | 15.94 | 1.80 | [12.34 · 14.14 , 17.74 · 19.55] |
|
+2.65 σ |
Expensive
|
| Last 5Y | 16.49 | 1.89 | [12.71 · 14.60 , 18.39 · 20.28] |
|
+2.23 σ |
Expensive
|
| Last 6Y | 16.16 | 1.70 | [12.76 · 14.46 , 17.87 · 19.57] |
|
+2.68 σ |
Expensive
|
| Last 7Y | 16.00 | 1.53 | [12.93 · 14.47 , 17.53 · 19.06] |
|
+3.09 σ |
Expensive
|
| Last 8Y | 15.88 | 1.31 | [13.27 · 14.57 , 17.19 · 18.49] |
|
+3.70 σ |
Expensive
|
| Last 9Y | 15.81 | 1.18 | [13.44 · 14.62 , 16.99 · 18.18] |
|
+4.15 σ |
Expensive
|
| Last 10Y | 15.77 | 1.16 | [13.45 · 14.61 , 16.93 · 18.09] |
|
+4.27 σ |
Expensive
|
| Last 11Y | 15.55 | 1.11 | [13.32 · 14.44 , 16.66 · 17.78] |
|
+4.64 σ |
Expensive
|
| Last 12Y | 15.37 | 1.12 | [13.13 · 14.25 , 16.49 · 17.61] |
|
+4.78 σ |
Expensive
|
| Last 13Y | 15.14 | 1.17 | [12.80 · 13.97 , 16.31 · 17.48] |
|
+4.76 σ |
Expensive
|
| Last 14Y | 14.90 | 1.32 | [12.25 · 13.57 , 16.22 · 17.55] |
|
+4.40 σ |
Expensive
|
| Last 15Y | 14.79 | 1.39 | [12.01 · 13.40 , 16.18 · 17.58] |
|
+4.26 σ |
Expensive
|
| Last 16Y | 14.68 | 1.42 | [11.84 · 13.26 , 16.10 · 17.52] |
|
+4.26 σ |
Expensive
|
| Last 17Y | 14.53 | 1.49 | [11.54 · 13.03 , 16.02 · 17.52] |
|
+4.14 σ |
Expensive
|
| Last 18Y | 14.55 | 1.42 | [11.71 · 13.13 , 15.96 · 17.38] |
|
+4.36 σ |
Expensive
|
| Last 19Y | 14.51 | 1.37 | [11.78 · 13.14 , 15.87 · 17.24] |
|
+4.55 σ |
Expensive
|
| Last 20Y | 14.52 | 1.30 | [11.92 · 13.22 , 15.82 · 17.12] |
|
+4.78 σ |
Expensive
|
P/E Comparison
How is the Australia Stock Market P/E Ratio, compared to other global ratios?
Swipe left to see all data
| Deviation vs μ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
|
Australia | 20.72 |
|
+1.13 σ | +2.23 σ | +4.27 σ | +4.78 σ | |
| All World | 21.24 |
|
+1.65 σ | +2.51 σ | +3.63 σ | +4.41 σ | ||
| Developed ex-US | 15.95 |
|
+0.98 σ | +0.84 σ | +1.69 σ | +2.16 σ | ||
Australia Stock Market Trend
Trend is evaluated considering the price of the EWA Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +4.29% | 20 Nov | |
| Short Term | Price vs SMA50 | -0.81% | 20 Nov |
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.