Belgium Stock Market: current P/E Ratio

12.50
Last update: 22 April 2024

The estimated P/E Ratio for Belgium Stock Market is 12.50, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [13.17 , 18.82]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the EWK Etf, whose benchmark is the Belgium 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 Belgium Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

22 April 2024 · P/E Ratio: 12.50
22 April 2024 · P/E Ratio: 12.50 · 1Y Average: 11.29 · 1 Std Dev range: [10.58 , 11.99] · 2 Std Dev range: [9.87 , 12.70]
22 April 2024 · P/E Ratio: 12.50 · 5Y Average: 16.00 · 1 Std Dev range: [13.17 , 18.82] · 2 Std Dev range: [10.35 , 21.64]
22 April 2024 · P/E Ratio: 12.50 · 10Y Average: 16.94 · 1 Std Dev range: [15.08 , 18.79] · 2 Std Dev range: [13.23 , 20.65]
22 April 2024 · P/E Ratio: 12.50 · 20Y Average: 14.28 · 1 Std Dev range: [11.73 , 16.83] · 2 Std Dev range: [9.18 , 19.38]
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".
22 April 2024 · P/E Ratio: 12.50 · 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
( 12.50 )
Deviation
vs μ
Valuation
Last 1Y 11.29 0.71 [9.87 · 10.58 , 11.99 · 12.70]
+1.72 σ
Overvalued
Last 2Y 12.50 2.11 [8.29 · 10.40 , 14.61 · 16.71]
+0.00 σ
Fair
Last 3Y 14.69 3.25 [8.18 · 11.43 , 17.94 · 21.19]
-0.67 σ
Fair
Last 4Y 15.91 3.28 [9.35 · 12.63 , 19.19 · 22.47]
-1.04 σ
Undervalued
Last 5Y 16.00 2.82 [10.35 · 13.17 , 18.82 · 21.64]
-1.24 σ
Undervalued
Last 6Y 15.78 2.42 [10.94 · 13.36 , 18.20 · 20.62]
-1.36 σ
Undervalued
Last 7Y 16.27 2.34 [11.58 · 13.93 , 18.61 · 20.96]
-1.61 σ
Undervalued
Last 8Y 16.60 2.22 [12.15 · 14.38 , 18.83 · 21.05]
-1.84 σ
Undervalued
Last 9Y 16.82 2.08 [12.66 · 14.74 , 18.90 · 20.98]
-2.08 σ
Cheap
Last 10Y 16.94 1.85 [13.23 · 15.08 , 18.79 · 20.65]
-2.39 σ
Cheap
Last 11Y 16.74 1.76 [13.21 · 14.97 , 18.50 · 20.26]
-2.40 σ
Cheap
Last 12Y 16.41 1.92 [12.57 · 14.49 , 18.33 · 20.25]
-2.03 σ
Cheap
Last 13Y 15.97 2.19 [11.60 · 13.79 , 18.16 · 20.34]
-1.59 σ
Undervalued
Last 14Y 15.66 2.29 [11.08 · 13.37 , 17.95 · 20.24]
-1.38 σ
Undervalued
Last 15Y 15.47 2.33 [10.81 · 13.14 , 17.80 · 20.13]
-1.27 σ
Undervalued
Last 16Y 15.07 2.54 [10.00 · 12.54 , 17.61 · 20.15]
-1.02 σ
Undervalued
Last 17Y 14.77 2.66 [9.44 · 12.11 , 17.43 · 20.09]
-0.85 σ
Fair
Last 18Y 14.53 2.64 [9.25 · 11.89 , 17.18 · 19.82]
-0.77 σ
Fair
Last 19Y 14.38 2.59 [9.20 · 11.79 , 16.97 · 19.56]
-0.73 σ
Fair
Last 20Y 14.28 2.55 [9.18 · 11.73 , 16.83 · 19.38]
-0.70 σ
Fair

P/E Comparison

How is the Belgium Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Belgium 12.50
+1.72 σ -1.24 σ -2.39 σ -0.70 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Developed ex-US 14.67
+2.53 σ +0.16 σ +0.51 σ +1.03 σ

Belgium Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +1.93% 22 Apr
Short Term Price vs SMA50 +0.22% 22 Apr
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.