Brazil Stock Market: current P/E Ratio

7.60
Last update: 18 July 2024

The estimated P/E Ratio for Brazil Stock Market is 7.60, calculated on 18 July 2024.

Considering the last 5 years, an average P/E interval is [6.59 , 10.90]. 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.

18 July 2024 · P/E Ratio: 7.60
18 July 2024 · P/E Ratio: 7.60 · 1Y Average: 7.28 · 1 Std Dev range: [6.72 , 7.84] · 2 Std Dev range: [6.16 , 8.39]
18 July 2024 · P/E Ratio: 7.60 · 5Y Average: 8.75 · 1 Std Dev range: [6.59 , 10.90] · 2 Std Dev range: [4.44 , 13.06]
18 July 2024 · P/E Ratio: 7.60 · 10Y Average: 10.24 · 1 Std Dev range: [8.41 , 12.06] · 2 Std Dev range: [6.58 , 13.89]
18 July 2024 · P/E Ratio: 7.60 · 20Y Average: 9.70 · 1 Std Dev range: [8.04 , 11.37] · 2 Std Dev range: [6.38 , 13.03]
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".
18 July 2024 · P/E Ratio: 7.60 · 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
( 7.60 )
Deviation
vs μ
Valuation
Last 1Y 7.28 0.56 [6.16 · 6.72 , 7.84 · 8.39]
+0.57 σ
Fair
Last 2Y 6.60 0.76 [5.08 · 5.84 , 7.37 · 8.13]
+1.31 σ
Overvalued
Last 3Y 6.88 0.72 [5.45 · 6.16 , 7.60 · 8.32]
+1.00 σ
Fair
Last 4Y 7.60 1.28 [5.04 · 6.32 , 8.88 · 10.16]
-0.00 σ
Fair
Last 5Y 8.75 2.16 [4.44 · 6.59 , 10.90 · 13.06]
-0.53 σ
Fair
Last 6Y 9.15 2.09 [4.97 · 7.06 , 11.24 · 13.34]
-0.74 σ
Fair
Last 7Y 9.64 2.16 [5.32 · 7.48 , 11.80 · 13.95]
-0.95 σ
Fair
Last 8Y 9.93 2.09 [5.74 · 7.84 , 12.02 · 14.11]
-1.11 σ
Undervalued
Last 9Y 10.03 1.95 [6.13 · 8.08 , 11.98 · 13.94]
-1.25 σ
Undervalued
Last 10Y 10.24 1.83 [6.58 · 8.41 , 12.06 · 13.89]
-1.44 σ
Undervalued
Last 11Y 10.18 1.69 [6.80 · 8.49 , 11.87 · 13.56]
-1.53 σ
Undervalued
Last 12Y 10.18 1.57 [7.04 · 8.61 , 11.76 · 13.33]
-1.64 σ
Undervalued
Last 13Y 10.03 1.53 [6.97 · 8.50 , 11.57 · 13.10]
-1.59 σ
Undervalued
Last 14Y 10.04 1.44 [7.17 · 8.60 , 11.48 · 12.92]
-1.70 σ
Undervalued
Last 15Y 10.21 1.44 [7.33 · 8.77 , 11.65 · 13.09]
-1.82 σ
Undervalued
Last 16Y 10.08 1.49 [7.09 · 8.58 , 11.57 · 13.06]
-1.66 σ
Undervalued
Last 17Y 10.16 1.46 [7.24 · 8.70 , 11.63 · 13.09]
-1.75 σ
Undervalued
Last 18Y 10.04 1.47 [7.11 · 8.57 , 11.50 · 12.97]
-1.66 σ
Undervalued
Last 19Y 9.87 1.55 [6.77 · 8.32 , 11.42 · 12.97]
-1.46 σ
Undervalued
Last 20Y 9.70 1.66 [6.38 · 8.04 , 11.37 · 13.03]
-1.27 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 7.60
+0.57 σ -0.53 σ -1.44 σ -1.27 σ
All World 20.63
+2.80 σ +2.32 σ +3.65 σ +4.33 σ
Emerging Markets 14.17
+2.35 σ +0.51 σ +1.15 σ +1.38 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 -11.42% 18 Jul
Short Term Price vs SMA50 -4.09% 18 Jul
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.