16.08
Last update: 17 May 2024
The estimated P/E Ratio for Europe Stocks is 16.08, calculated on 17 May 2024.
Considering the last 5 years, an average P/E interval is [11.85 , 14.54]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the VGK Etf, whose benchmark is the Europe 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 Europe Stocks P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
17 May 2024 · P/E Ratio: 16.08
17 May 2024 · P/E Ratio: 16.08 ·
1Y Average: 13.09 ·
1 Std Dev range: [12.60 , 13.58] ·
2 Std Dev range: [12.11 , 14.06]
17 May 2024 · P/E Ratio: 16.08 ·
5Y Average: 13.20 ·
1 Std Dev range: [11.85 , 14.54] ·
2 Std Dev range: [10.51 , 15.89]
17 May 2024 · P/E Ratio: 16.08 ·
10Y Average: 13.47 ·
1 Std Dev range: [12.60 , 14.35] ·
2 Std Dev range: [11.73 , 15.22]
17 May 2024 · P/E Ratio: 16.08 ·
20Y Average: 12.43 ·
1 Std Dev range: [11.07 , 13.80] ·
2 Std Dev range: [9.70 , 15.17]
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".
17 May 2024 · P/E Ratio: 16.08 · 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 ( 16.08 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 13.09 | 0.49 | [12.11 · 12.60 , 13.58 · 14.06] |
|
+6.13 σ |
Expensive
|
| Last 2Y | 11.98 | 1.38 | [9.21 · 10.59 , 13.36 · 14.74] |
|
+2.96 σ |
Expensive
|
| Last 3Y | 12.39 | 1.28 | [9.84 · 11.12 , 13.67 · 14.95] |
|
+2.88 σ |
Expensive
|
| Last 4Y | 13.22 | 1.56 | [10.10 · 11.66 , 14.77 · 16.33] |
|
+1.84 σ |
Overvalued
|
| Last 5Y | 13.20 | 1.35 | [10.51 · 11.85 , 14.54 · 15.89] |
|
+2.14 σ |
Expensive
|
| Last 6Y | 13.00 | 1.18 | [10.64 · 11.82 , 14.17 · 15.35] |
|
+2.62 σ |
Expensive
|
| Last 7Y | 13.17 | 1.08 | [11.01 · 12.09 , 14.25 · 15.32] |
|
+2.70 σ |
Expensive
|
| Last 8Y | 13.25 | 0.95 | [11.35 · 12.30 , 14.20 · 15.15] |
|
+2.98 σ |
Expensive
|
| Last 9Y | 13.38 | 0.91 | [11.55 · 12.46 , 14.29 · 15.21] |
|
+2.95 σ |
Expensive
|
| Last 10Y | 13.47 | 0.87 | [11.73 · 12.60 , 14.35 · 15.22] |
|
+2.98 σ |
Expensive
|
| Last 11Y | 13.33 | 0.87 | [11.58 · 12.45 , 14.20 · 15.07] |
|
+3.15 σ |
Expensive
|
| Last 12Y | 13.08 | 1.08 | [10.92 · 12.00 , 14.16 · 15.24] |
|
+2.78 σ |
Expensive
|
| Last 13Y | 12.79 | 1.31 | [10.16 · 11.47 , 14.10 · 15.41] |
|
+2.50 σ |
Expensive
|
| Last 14Y | 12.54 | 1.46 | [9.62 · 11.08 , 14.01 · 15.47] |
|
+2.41 σ |
Expensive
|
| Last 15Y | 12.51 | 1.41 | [9.69 · 11.10 , 13.91 · 15.32] |
|
+2.54 σ |
Expensive
|
| Last 16Y | 12.29 | 1.50 | [9.28 · 10.79 , 13.79 · 15.30] |
|
+2.52 σ |
Expensive
|
| Last 17Y | 12.26 | 1.45 | [9.35 · 10.81 , 13.71 · 15.17] |
|
+2.62 σ |
Expensive
|
| Last 18Y | 12.25 | 1.39 | [9.48 · 10.87 , 13.64 · 15.02] |
|
+2.76 σ |
Expensive
|
| Last 19Y | 12.28 | 1.33 | [9.62 · 10.95 , 13.60 · 14.93] |
|
+2.86 σ |
Expensive
|
| Last 20Y | 12.43 | 1.37 | [9.70 · 11.07 , 13.80 · 15.17] |
|
+2.66 σ |
Expensive
|
Europe Stocks Trend
Trend is evaluated considering the price of the VGK Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +11.92% | 17 May | |
| Short Term | Price vs SMA50 | +4.78% | 17 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.