19.25
Last update: 20 November 2024
The estimated P/E Ratio for Canada Stock Market is 19.25, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [13.27 , 16.13]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the EWC Etf, whose benchmark is the Canada 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 Canada 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: 19.25
20 November 2024 · P/E Ratio: 19.25 ·
1Y Average: 16.60 ·
1 Std Dev range: [15.26 , 17.94] ·
2 Std Dev range: [13.92 , 19.28]
20 November 2024 · P/E Ratio: 19.25 ·
5Y Average: 14.70 ·
1 Std Dev range: [13.27 , 16.13] ·
2 Std Dev range: [11.83 , 17.57]
20 November 2024 · P/E Ratio: 19.25 ·
10Y Average: 14.84 ·
1 Std Dev range: [13.75 , 15.92] ·
2 Std Dev range: [12.67 , 17.00]
20 November 2024 · P/E Ratio: 19.25 ·
20Y Average: 14.20 ·
1 Std Dev range: [13.20 , 15.20] ·
2 Std Dev range: [12.20 , 16.20]
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: 19.25 · 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 ( 19.25 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 16.60 | 1.34 | [13.92 · 15.26 , 17.94 · 19.28] |
|
+1.97 σ |
Overvalued
|
| Last 2Y | 14.67 | 1.70 | [11.27 · 12.97 , 16.38 · 18.08] |
|
+2.68 σ |
Expensive
|
| Last 3Y | 13.81 | 1.47 | [10.87 · 12.34 , 15.28 · 16.75] |
|
+3.70 σ |
Expensive
|
| Last 4Y | 14.31 | 1.37 | [11.57 · 12.94 , 15.68 · 17.05] |
|
+3.61 σ |
Expensive
|
| Last 5Y | 14.70 | 1.43 | [11.83 · 13.27 , 16.13 · 17.57] |
|
+3.17 σ |
Expensive
|
| Last 6Y | 14.41 | 1.29 | [11.82 · 13.11 , 15.70 · 16.99] |
|
+3.74 σ |
Expensive
|
| Last 7Y | 14.40 | 1.17 | [12.06 · 13.23 , 15.56 · 16.73] |
|
+4.16 σ |
Expensive
|
| Last 8Y | 14.55 | 1.08 | [12.39 · 13.47 , 15.62 · 16.70] |
|
+4.37 σ |
Expensive
|
| Last 9Y | 14.69 | 1.10 | [12.50 · 13.60 , 15.79 · 16.89] |
|
+4.15 σ |
Expensive
|
| Last 10Y | 14.84 | 1.08 | [12.67 · 13.76 , 15.92 · 17.00] |
|
+4.08 σ |
Expensive
|
| Last 11Y | 14.79 | 0.99 | [12.81 · 13.80 , 15.78 · 16.77] |
|
+4.51 σ |
Expensive
|
| Last 12Y | 14.61 | 1.06 | [12.49 · 13.55 , 15.67 · 16.73] |
|
+4.38 σ |
Expensive
|
| Last 13Y | 14.38 | 1.16 | [12.06 · 13.22 , 15.55 · 16.71] |
|
+4.18 σ |
Expensive
|
| Last 14Y | 14.31 | 1.15 | [12.00 · 13.16 , 15.46 · 16.62] |
|
+4.28 σ |
Expensive
|
| Last 15Y | 14.31 | 1.09 | [12.12 · 13.22 , 15.40 · 16.50] |
|
+4.51 σ |
Expensive
|
| Last 16Y | 14.20 | 1.11 | [11.97 · 13.09 , 15.31 · 16.43] |
|
+4.53 σ |
Expensive
|
| Last 17Y | 14.13 | 1.13 | [11.87 · 13.00 , 15.25 · 16.38] |
|
+4.54 σ |
Expensive
|
| Last 18Y | 14.18 | 1.10 | [11.99 · 13.08 , 15.28 · 16.37] |
|
+4.62 σ |
Expensive
|
| Last 19Y | 14.18 | 1.05 | [12.08 · 13.13 , 15.23 · 16.28] |
|
+4.82 σ |
Expensive
|
| Last 20Y | 14.20 | 1.00 | [12.20 · 13.20 , 15.20 · 16.20] |
|
+5.05 σ |
Expensive
|
P/E Comparison
How is the Canada 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 | |||
|
|
Canada | 19.25 |
|
+1.97 σ | +3.17 σ | +4.08 σ | +5.05 σ | |
| All World | 21.24 |
|
+1.65 σ | +2.51 σ | +3.63 σ | +4.41 σ | ||
Canada Stock Market Trend
Trend is evaluated considering the price of the EWC Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +8.89% | 20 Nov | |
| Short Term | Price vs SMA50 | +1.78% | 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.