19.58
Last update: 03 May 2024
The estimated P/E Ratio for Australia Stock Market is 19.58, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [14.52 , 17.56]. 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.
03 May 2024 · P/E Ratio: 19.58
03 May 2024 · P/E Ratio: 19.58 ·
1Y Average: 14.93 ·
1 Std Dev range: [13.87 , 15.99] ·
2 Std Dev range: [12.81 , 17.05]
03 May 2024 · P/E Ratio: 19.58 ·
5Y Average: 16.04 ·
1 Std Dev range: [14.52 , 17.56] ·
2 Std Dev range: [13.00 , 19.08]
03 May 2024 · P/E Ratio: 19.58 ·
10Y Average: 15.51 ·
1 Std Dev range: [14.55 , 16.47] ·
2 Std Dev range: [13.60 , 17.42]
03 May 2024 · P/E Ratio: 19.58 ·
20Y Average: 14.43 ·
1 Std Dev range: [13.20 , 15.66] ·
2 Std Dev range: [11.98 , 16.88]
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".
03 May 2024 · P/E Ratio: 19.58 · Last Periods metrics
Show all periods
Swipe left to see all data
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 ( 19.58 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 14.93 | 1.06 | [12.81 · 13.87 , 15.99 · 17.05] |
|
+4.39 σ |
Expensive
|
| Last 2Y | 14.18 | 0.79 | [12.60 · 13.39 , 14.97 · 15.76] |
|
+6.83 σ |
Expensive
|
| Last 3Y | 14.97 | 1.22 | [12.53 · 13.75 , 16.19 · 17.42] |
|
+3.77 σ |
Expensive
|
| Last 4Y | 15.89 | 1.72 | [12.45 · 14.17 , 17.61 · 19.33] |
|
+2.14 σ |
Expensive
|
| Last 5Y | 16.04 | 1.52 | [13.00 · 14.52 , 17.56 · 19.08] |
|
+2.33 σ |
Expensive
|
| Last 6Y | 15.72 | 1.36 | [13.01 · 14.37 , 17.08 · 18.43] |
|
+2.85 σ |
Expensive
|
| Last 7Y | 15.68 | 1.18 | [13.31 · 14.49 , 16.86 · 18.04] |
|
+3.30 σ |
Expensive
|
| Last 8Y | 15.67 | 1.01 | [13.65 · 14.66 , 16.68 · 17.69] |
|
+3.88 σ |
Expensive
|
| Last 9Y | 15.58 | 0.94 | [13.69 · 14.63 , 16.52 · 17.46] |
|
+4.25 σ |
Expensive
|
| Last 10Y | 15.51 | 0.96 | [13.60 · 14.55 , 16.47 · 17.42] |
|
+4.25 σ |
Expensive
|
| Last 11Y | 15.32 | 0.98 | [13.36 · 14.34 , 16.30 · 17.28] |
|
+4.35 σ |
Expensive
|
| Last 12Y | 15.15 | 1.03 | [13.08 · 14.12 , 16.18 · 17.21] |
|
+4.29 σ |
Expensive
|
| Last 13Y | 14.90 | 1.19 | [12.53 · 13.71 , 16.08 · 17.27] |
|
+3.95 σ |
Expensive
|
| Last 14Y | 14.65 | 1.36 | [11.93 · 13.29 , 16.01 · 17.37] |
|
+3.63 σ |
Expensive
|
| Last 15Y | 14.70 | 1.30 | [12.10 · 13.40 , 16.00 · 17.30] |
|
+3.76 σ |
Expensive
|
| Last 16Y | 14.46 | 1.44 | [11.58 · 13.02 , 15.90 · 17.34] |
|
+3.56 σ |
Expensive
|
| Last 17Y | 14.46 | 1.42 | [11.62 · 13.04 , 15.88 · 17.29] |
|
+3.62 σ |
Expensive
|
| Last 18Y | 14.42 | 1.35 | [11.71 · 13.07 , 15.78 · 17.13] |
|
+3.81 σ |
Expensive
|
| Last 19Y | 14.41 | 1.29 | [11.82 · 13.12 , 15.70 · 17.00] |
|
+4.00 σ |
Expensive
|
| Last 20Y | 14.43 | 1.23 | [11.98 · 13.20 , 15.66 · 16.88] |
|
+4.20 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 | 19.58 |
|
+4.39 σ | +2.33 σ | +4.25 σ | +4.20 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
| Developed ex-US | 15.04 |
|
+2.64 σ | +0.44 σ | +0.94 σ | +1.36 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 | +5.50% | 03 May | |
| Short Term | Price vs SMA50 | +0.22% | 03 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.