16.62
Last update: 03 May 2024
The estimated P/E Ratio for Canada Stock Market is 16.62, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [13.15 , 15.44]. 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.
03 May 2024 · P/E Ratio: 16.62
03 May 2024 · P/E Ratio: 16.62 ·
1Y Average: 14.31 ·
1 Std Dev range: [13.72 , 14.89] ·
2 Std Dev range: [13.14 , 15.48]
03 May 2024 · P/E Ratio: 16.62 ·
5Y Average: 14.29 ·
1 Std Dev range: [13.15 , 15.44] ·
2 Std Dev range: [12.00 , 16.58]
03 May 2024 · P/E Ratio: 16.62 ·
10Y Average: 14.71 ·
1 Std Dev range: [13.73 , 15.69] ·
2 Std Dev range: [12.76 , 16.66]
03 May 2024 · P/E Ratio: 16.62 ·
20Y Average: 14.13 ·
1 Std Dev range: [13.18 , 15.08] ·
2 Std Dev range: [12.24 , 16.02]
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: 16.62 · 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 ( 16.62 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 14.31 | 0.59 | [13.14 · 13.72 , 14.89 · 15.48] |
|
+3.94 σ |
Expensive
|
| Last 2Y | 13.05 | 1.10 | [10.84 · 11.95 , 14.16 · 15.26] |
|
+3.23 σ |
Expensive
|
| Last 3Y | 13.57 | 1.06 | [11.45 · 12.51 , 14.63 · 15.69] |
|
+2.88 σ |
Expensive
|
| Last 4Y | 14.28 | 1.32 | [11.63 · 12.95 , 15.60 · 16.93] |
|
+1.77 σ |
Overvalued
|
| Last 5Y | 14.29 | 1.14 | [12.00 · 13.15 , 15.44 · 16.58] |
|
+2.03 σ |
Expensive
|
| Last 6Y | 14.10 | 1.03 | [12.03 · 13.06 , 15.13 · 16.16] |
|
+2.44 σ |
Expensive
|
| Last 7Y | 14.28 | 1.00 | [12.29 · 13.29 , 15.28 · 16.27] |
|
+2.35 σ |
Expensive
|
| Last 8Y | 14.54 | 1.06 | [12.41 · 13.47 , 15.60 · 16.66] |
|
+1.96 σ |
Overvalued
|
| Last 9Y | 14.62 | 1.02 | [12.58 · 13.60 , 15.64 · 16.66] |
|
+1.95 σ |
Overvalued
|
| Last 10Y | 14.71 | 0.98 | [12.76 · 13.73 , 15.69 · 16.66] |
|
+1.95 σ |
Overvalued
|
| Last 11Y | 14.60 | 0.95 | [12.71 · 13.66 , 15.55 · 16.50] |
|
+2.13 σ |
Expensive
|
| Last 12Y | 14.40 | 1.06 | [12.29 · 13.35 , 15.46 · 16.51] |
|
+2.10 σ |
Expensive
|
| Last 13Y | 14.20 | 1.14 | [11.92 · 13.06 , 15.34 · 16.48] |
|
+2.12 σ |
Expensive
|
| Last 14Y | 14.19 | 1.08 | [12.03 · 13.11 , 15.27 · 16.35] |
|
+2.25 σ |
Expensive
|
| Last 15Y | 14.22 | 1.02 | [12.18 · 13.20 , 15.24 · 16.26] |
|
+2.35 σ |
Expensive
|
| Last 16Y | 14.04 | 1.11 | [11.83 · 12.94 , 15.15 · 16.26] |
|
+2.32 σ |
Expensive
|
| Last 17Y | 14.09 | 1.09 | [11.91 · 13.00 , 15.18 · 16.27] |
|
+2.31 σ |
Expensive
|
| Last 18Y | 14.10 | 1.04 | [12.02 · 13.06 , 15.14 · 16.19] |
|
+2.41 σ |
Expensive
|
| Last 19Y | 14.12 | 1.00 | [12.13 · 13.12 , 15.11 · 16.11] |
|
+2.51 σ |
Expensive
|
| Last 20Y | 14.13 | 0.95 | [12.24 · 13.18 , 15.08 · 16.02] |
|
+2.63 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 | 16.62 |
|
+3.94 σ | +2.03 σ | +1.95 σ | +2.63 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 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 | +5.91% | 03 May | |
| Short Term | Price vs SMA50 | +0.07% | 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.