The estimated P/E Ratio for Developed ex-US Stocks is 15.95, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [13.54 , 16.16]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EFA Etf, whose benchmark is the Developed ex-US Stocks.
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 Developed ex-US Stocks P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
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".
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 ( 15.95 ) |
Deviation vs μ |
Valuation |
Last 1Y | 14.98 | 0.99 | [13.00 · 13.99 , 15.97 · 16.97] |
|
+0.98 σ |
Fair
|
Last 2Y | 14.08 | 0.89 | [12.29 · 13.19 , 14.97 · 15.86] |
|
+2.10 σ |
Expensive
|
Last 3Y | 13.80 | 0.94 | [11.92 · 12.86 , 14.73 · 15.67] |
|
+2.31 σ |
Expensive
|
Last 4Y | 14.52 | 1.30 | [11.91 · 13.21 , 15.82 · 17.13] |
|
+1.10 σ |
Overvalued
|
Last 5Y | 14.85 | 1.31 | [12.22 · 13.54 , 16.16 · 17.47] |
|
+0.84 σ |
Fair
|
Last 6Y | 14.44 | 1.30 | [11.85 · 13.15 , 15.74 · 17.03] |
|
+1.17 σ |
Overvalued
|
Last 7Y | 14.36 | 1.17 | [12.02 · 13.19 , 15.53 · 16.71] |
|
+1.36 σ |
Overvalued
|
Last 8Y | 14.37 | 1.01 | [12.35 · 13.36 , 15.38 · 16.39] |
|
+1.57 σ |
Overvalued
|
Last 9Y | 14.33 | 0.92 | [12.49 · 13.41 , 15.26 · 16.18] |
|
+1.75 σ |
Overvalued
|
Last 10Y | 14.41 | 0.91 | [12.59 · 13.50 , 15.32 · 16.23] |
|
+1.69 σ |
Overvalued
|
Last 11Y | 14.30 | 0.84 | [12.61 · 13.45 , 15.14 · 15.98] |
|
+1.97 σ |
Overvalued
|
Last 12Y | 14.14 | 0.89 | [12.37 · 13.25 , 15.03 · 15.91] |
|
+2.05 σ |
Expensive
|
Last 13Y | 13.94 | 0.97 | [11.99 · 12.96 , 14.91 · 15.88] |
|
+2.07 σ |
Expensive
|
Last 14Y | 13.71 | 1.15 | [11.41 · 12.56 , 14.86 · 16.01] |
|
+1.95 σ |
Overvalued
|
Last 15Y | 13.63 | 1.18 | [11.27 · 12.45 , 14.81 · 15.99] |
|
+1.97 σ |
Overvalued
|
Last 16Y | 13.57 | 1.20 | [11.16 · 12.36 , 14.77 · 15.97] |
|
+1.99 σ |
Overvalued
|
Last 17Y | 13.43 | 1.26 | [10.91 · 12.17 , 14.68 · 15.94] |
|
+2.01 σ |
Expensive
|
Last 18Y | 13.44 | 1.20 | [11.05 · 12.24 , 14.64 · 15.84] |
|
+2.10 σ |
Expensive
|
Last 19Y | 13.46 | 1.15 | [11.15 · 12.30 , 14.61 · 15.77] |
|
+2.16 σ |
Expensive
|
Last 20Y | 13.53 | 1.12 | [11.28 · 12.40 , 14.65 · 15.77] |
|
+2.16 σ |
Expensive
|
Developed ex-US Stocks Trend
Trend is evaluated considering the price of the EFA Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | -2.90% | 20 Nov | |
Short Term | Price vs SMA50 | -4.46% | 20 Nov |