Brazil Stock Market: current P/E Ratio

7.81
Last update: 22 April 2024

The estimated P/E Ratio for Brazil Stock Market is 7.81, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [6.78 , 11.25]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWZ Etf, whose benchmark is the Brazil 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 Brazil 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: 7.81
22 April 2024 · P/E Ratio: 7.81 · 1Y Average: 6.72 · 1 Std Dev range: [5.84 , 7.61] · 2 Std Dev range: [4.95 , 8.50]
22 April 2024 · P/E Ratio: 7.81 · 5Y Average: 9.01 · 1 Std Dev range: [6.78 , 11.25] · 2 Std Dev range: [4.54 , 13.48]
22 April 2024 · P/E Ratio: 7.81 · 10Y Average: 10.32 · 1 Std Dev range: [8.57 , 12.08] · 2 Std Dev range: [6.81 , 13.83]
22 April 2024 · P/E Ratio: 7.81 · 20Y Average: 9.69 · 1 Std Dev range: [8.00 , 11.37] · 2 Std Dev range: [6.32 , 13.06]
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: 7.81 · 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
( 7.81 )
Deviation
vs μ
Valuation
Last 1Y 6.72 0.89 [4.95 · 5.84 , 7.61 · 8.50]
+1.22 σ
Overvalued
Last 2Y 6.47 0.71 [5.06 · 5.77 , 7.18 · 7.88]
+1.89 σ
Overvalued
Last 3Y 6.95 0.79 [5.37 · 6.16 , 7.74 · 8.53]
+1.08 σ
Overvalued
Last 4Y 7.94 1.70 [4.55 · 6.24 , 9.64 · 11.33]
-0.08 σ
Fair
Last 5Y 9.01 2.24 [4.54 · 6.78 , 11.25 · 13.48]
-0.54 σ
Fair
Last 6Y 9.34 2.10 [5.14 · 7.24 , 11.43 · 13.53]
-0.73 σ
Fair
Last 7Y 9.80 2.12 [5.55 · 7.68 , 11.92 · 14.04]
-0.94 σ
Fair
Last 8Y 10.08 2.05 [5.98 · 8.03 , 12.13 · 14.18]
-1.11 σ
Undervalued
Last 9Y 10.21 1.93 [6.34 · 8.27 , 12.14 · 14.08]
-1.24 σ
Undervalued
Last 10Y 10.32 1.76 [6.81 · 8.57 , 12.08 · 13.83]
-1.43 σ
Undervalued
Last 11Y 10.26 1.62 [7.01 · 8.64 , 11.88 · 13.51]
-1.51 σ
Undervalued
Last 12Y 10.22 1.52 [7.18 · 8.70 , 11.75 · 13.27]
-1.59 σ
Undervalued
Last 13Y 10.09 1.48 [7.13 · 8.61 , 11.56 · 13.04]
-1.54 σ
Undervalued
Last 14Y 10.10 1.39 [7.33 · 8.71 , 11.48 · 12.87]
-1.65 σ
Undervalued
Last 15Y 10.29 1.39 [7.51 · 8.90 , 11.68 · 13.08]
-1.78 σ
Undervalued
Last 16Y 10.16 1.46 [7.23 · 8.70 , 11.62 · 13.09]
-1.61 σ
Undervalued
Last 17Y 10.21 1.42 [7.37 · 8.79 , 11.62 · 13.04]
-1.69 σ
Undervalued
Last 18Y 10.05 1.45 [7.15 · 8.60 , 11.50 · 12.95]
-1.54 σ
Undervalued
Last 19Y 9.85 1.57 [6.70 · 8.28 , 11.43 · 13.00]
-1.30 σ
Undervalued
Last 20Y 9.69 1.69 [6.32 · 8.00 , 11.37 · 13.06]
-1.12 σ
Undervalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Brazil 7.81
+1.22 σ -0.54 σ -1.43 σ -1.12 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Emerging Markets 13.32
+2.01 σ -0.04 σ +0.27 σ +0.64 σ

Brazil Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -4.11% 22 Apr
Short Term Price vs SMA50 -4.20% 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.