17.55
Last update: 26 July 2024
The estimated P/E Ratio for Canada Stock Market is 17.55, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [13.17 , 15.65]. 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.
26 July 2024 · P/E Ratio: 17.55
26 July 2024 · P/E Ratio: 17.55 ·
1Y Average: 14.97 ·
1 Std Dev range: [13.94 , 16.00] ·
2 Std Dev range: [12.92 , 17.02]
26 July 2024 · P/E Ratio: 17.55 ·
5Y Average: 14.41 ·
1 Std Dev range: [13.17 , 15.65] ·
2 Std Dev range: [11.93 , 16.89]
26 July 2024 · P/E Ratio: 17.55 ·
10Y Average: 14.75 ·
1 Std Dev range: [13.73 , 15.76] ·
2 Std Dev range: [12.72 , 16.77]
26 July 2024 · P/E Ratio: 17.55 ·
20Y Average: 14.15 ·
1 Std Dev range: [13.18 , 15.11] ·
2 Std Dev range: [12.22 , 16.08]
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".
26 July 2024 · P/E Ratio: 17.55 · 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 ( 17.55 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 14.97 | 1.03 | [12.92 · 13.94 , 16.00 · 17.02] |
|
+2.52 σ |
Expensive
|
| Last 2Y | 13.46 | 1.35 | [10.76 · 12.11 , 14.81 · 16.16] |
|
+3.03 σ |
Expensive
|
| Last 3Y | 13.57 | 1.06 | [11.45 · 12.51 , 14.63 · 15.69] |
|
+3.76 σ |
Expensive
|
| Last 4Y | 14.28 | 1.32 | [11.63 · 12.95 , 15.60 · 16.93] |
|
+2.47 σ |
Expensive
|
| Last 5Y | 14.41 | 1.24 | [11.93 · 13.17 , 15.65 · 16.89] |
|
+2.53 σ |
Expensive
|
| Last 6Y | 14.17 | 1.11 | [11.95 · 13.06 , 15.28 · 16.39] |
|
+3.05 σ |
Expensive
|
| Last 7Y | 14.31 | 1.03 | [12.24 · 13.27 , 15.34 · 16.37] |
|
+3.14 σ |
Expensive
|
| Last 8Y | 14.54 | 1.06 | [12.41 · 13.47 , 15.60 · 16.66] |
|
+2.84 σ |
Expensive
|
| Last 9Y | 14.62 | 1.03 | [12.57 · 13.60 , 15.65 · 16.68] |
|
+2.85 σ |
Expensive
|
| Last 10Y | 14.75 | 1.01 | [12.72 · 13.73 , 15.76 · 16.77] |
|
+2.77 σ |
Expensive
|
| Last 11Y | 14.67 | 0.95 | [12.78 · 13.72 , 15.62 · 16.57] |
|
+3.04 σ |
Expensive
|
| Last 12Y | 14.47 | 1.05 | [12.38 · 13.43 , 15.52 · 16.57] |
|
+2.93 σ |
Expensive
|
| Last 13Y | 14.25 | 1.16 | [11.92 · 13.08 , 15.41 · 16.58] |
|
+2.84 σ |
Expensive
|
| Last 14Y | 14.23 | 1.10 | [12.02 · 13.12 , 15.33 · 16.44] |
|
+3.01 σ |
Expensive
|
| Last 15Y | 14.25 | 1.04 | [12.16 · 13.20 , 15.29 · 16.34] |
|
+3.16 σ |
Expensive
|
| Last 16Y | 14.08 | 1.13 | [11.83 · 12.96 , 15.21 · 16.34] |
|
+3.08 σ |
Expensive
|
| Last 17Y | 14.10 | 1.10 | [11.90 · 13.00 , 15.19 · 16.29] |
|
+3.15 σ |
Expensive
|
| Last 18Y | 14.13 | 1.06 | [12.01 · 13.07 , 15.19 · 16.25] |
|
+3.23 σ |
Expensive
|
| Last 19Y | 14.14 | 1.01 | [12.11 · 13.13 , 15.16 · 16.17] |
|
+3.36 σ |
Expensive
|
| Last 20Y | 14.15 | 0.97 | [12.22 · 13.18 , 15.12 · 16.08] |
|
+3.52 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 | 17.55 |
|
+2.52 σ | +2.53 σ | +2.77 σ | +3.52 σ | |
| All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 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 | +5.17% | 26 Jul | |
| Short Term | Price vs SMA50 | +1.54% | 26 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.