19.16
Last update: 21 October 2024
The estimated P/E Ratio for Canada Stock Market is 19.16, calculated on 21 October 2024.
Considering the last 5 years, an average P/E interval is [13.25 , 16.02]. 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.
21 October 2024 · P/E Ratio: 19.16
21 October 2024 · P/E Ratio: 19.16 ·
1Y Average: 16.09 ·
1 Std Dev range: [14.75 , 17.43] ·
2 Std Dev range: [13.41 , 18.77]
21 October 2024 · P/E Ratio: 19.16 ·
5Y Average: 14.63 ·
1 Std Dev range: [13.25 , 16.02] ·
2 Std Dev range: [11.86 , 17.41]
21 October 2024 · P/E Ratio: 19.16 ·
10Y Average: 14.80 ·
1 Std Dev range: [13.73 , 15.87] ·
2 Std Dev range: [12.67 , 16.94]
21 October 2024 · P/E Ratio: 19.16 ·
20Y Average: 14.19 ·
1 Std Dev range: [13.20 , 15.18] ·
2 Std Dev range: [12.20 , 16.17]
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".
21 October 2024 · P/E Ratio: 19.16 · 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 ( 19.16 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 16.09 | 1.34 | [13.41 · 14.75 , 17.43 · 18.77] |
|
+2.29 σ |
Expensive
|
| Last 2Y | 14.37 | 1.63 | [11.10 · 12.73 , 16.00 · 17.64] |
|
+2.93 σ |
Expensive
|
| Last 3Y | 13.70 | 1.31 | [11.09 · 12.40 , 15.01 · 16.32] |
|
+4.18 σ |
Expensive
|
| Last 4Y | 14.28 | 1.32 | [11.63 · 12.95 , 15.60 · 16.93] |
|
+3.68 σ |
Expensive
|
| Last 5Y | 14.63 | 1.39 | [11.86 · 13.25 , 16.02 · 17.41] |
|
+3.26 σ |
Expensive
|
| Last 6Y | 14.33 | 1.26 | [11.82 · 13.07 , 15.58 · 16.84] |
|
+3.85 σ |
Expensive
|
| Last 7Y | 14.37 | 1.13 | [12.12 · 13.24 , 15.50 · 16.63] |
|
+4.24 σ |
Expensive
|
| Last 8Y | 14.54 | 1.07 | [12.41 · 13.47 , 15.60 · 16.67] |
|
+4.34 σ |
Expensive
|
| Last 9Y | 14.68 | 1.08 | [12.52 · 13.60 , 15.75 · 16.83] |
|
+4.16 σ |
Expensive
|
| Last 10Y | 14.80 | 1.07 | [12.67 · 13.73 , 15.87 · 16.94] |
|
+4.08 σ |
Expensive
|
| Last 11Y | 14.76 | 0.98 | [12.81 · 13.78 , 15.74 · 16.71] |
|
+4.50 σ |
Expensive
|
| Last 12Y | 14.58 | 1.05 | [12.48 · 13.53 , 15.63 · 16.68] |
|
+4.36 σ |
Expensive
|
| Last 13Y | 14.35 | 1.17 | [12.02 · 13.18 , 15.51 · 16.68] |
|
+4.13 σ |
Expensive
|
| Last 14Y | 14.29 | 1.14 | [12.02 · 13.15 , 15.43 · 16.57] |
|
+4.27 σ |
Expensive
|
| Last 15Y | 14.30 | 1.08 | [12.14 · 13.22 , 15.38 · 16.46] |
|
+4.50 σ |
Expensive
|
| Last 16Y | 14.17 | 1.12 | [11.94 · 13.05 , 15.29 · 16.40] |
|
+4.47 σ |
Expensive
|
| Last 17Y | 14.12 | 1.12 | [11.87 · 13.00 , 15.25 · 16.37] |
|
+4.48 σ |
Expensive
|
| Last 18Y | 14.16 | 1.09 | [11.99 · 13.08 , 15.25 · 16.34] |
|
+4.59 σ |
Expensive
|
| Last 19Y | 14.17 | 1.04 | [12.08 · 13.13 , 15.21 · 16.25] |
|
+4.79 σ |
Expensive
|
| Last 20Y | 14.19 | 0.99 | [12.20 · 13.20 , 15.18 · 16.17] |
|
+5.01 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 | 19.16 |
|
+2.29 σ | +3.26 σ | +4.08 σ | +5.01 σ | |
| All World | 21.37 |
|
+1.86 σ | +2.64 σ | +3.83 σ | +4.57 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 | +9.42% | 21 Oct | |
| Short Term | Price vs SMA50 | +2.91% | 21 Oct |
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.