Germany Stock Market: current P/E Ratio

14.81
Last update: 18 July 2024

The estimated P/E Ratio for Germany Stock Market is 14.81, calculated on 18 July 2024.

Considering the last 5 years, an average P/E interval is [11.79 , 14.75]. For this reason, the current P/E can be considered Overvalued

P/E Ratio is calculated on the EWG Etf, whose benchmark is the Germany 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 Germany Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

18 July 2024 · P/E Ratio: 14.81
18 July 2024 · P/E Ratio: 14.81 · 1Y Average: 12.79 · 1 Std Dev range: [12.27 , 13.31] · 2 Std Dev range: [11.75 , 13.83]
18 July 2024 · P/E Ratio: 14.81 · 5Y Average: 13.27 · 1 Std Dev range: [11.79 , 14.75] · 2 Std Dev range: [10.31 , 16.23]
18 July 2024 · P/E Ratio: 14.81 · 10Y Average: 13.03 · 1 Std Dev range: [12.12 , 13.93] · 2 Std Dev range: [11.22 , 14.84]
18 July 2024 · P/E Ratio: 14.81 · 20Y Average: 12.22 · 1 Std Dev range: [11.18 , 13.27] · 2 Std Dev range: [10.14 , 14.31]
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".
18 July 2024 · P/E Ratio: 14.81 · 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
( 14.81 )
Deviation
vs μ
Valuation
Last 1Y 12.79 0.52 [11.75 · 12.27 , 13.31 · 13.83]
+3.90 σ
Expensive
Last 2Y 12.04 1.21 [9.61 · 10.83 , 13.25 · 14.47]
+2.28 σ
Expensive
Last 3Y 12.21 1.22 [9.77 · 10.99 , 13.43 · 14.65]
+2.13 σ
Expensive
Last 4Y 13.05 1.57 [9.92 · 11.48 , 14.62 · 16.19]
+1.12 σ
Overvalued
Last 5Y 13.27 1.48 [10.31 · 11.79 , 14.75 · 16.23]
+1.04 σ
Overvalued
Last 6Y 12.97 1.31 [10.36 · 11.66 , 14.28 · 15.59]
+1.41 σ
Overvalued
Last 7Y 13.00 1.13 [10.74 · 11.87 , 14.14 · 15.27]
+1.59 σ
Overvalued
Last 8Y 13.00 0.95 [11.10 · 12.05 , 13.96 · 14.91]
+1.89 σ
Overvalued
Last 9Y 12.96 0.90 [11.17 · 12.06 , 13.86 · 14.75]
+2.07 σ
Expensive
Last 10Y 13.03 0.90 [11.22 · 12.12 , 13.93 · 14.84]
+1.97 σ
Overvalued
Last 11Y 12.92 0.86 [11.20 · 12.06 , 13.77 · 14.63]
+2.21 σ
Expensive
Last 12Y 12.72 0.98 [10.76 · 11.74 , 13.69 · 14.67]
+2.14 σ
Expensive
Last 13Y 12.46 1.15 [10.17 · 11.32 , 13.61 · 14.76]
+2.05 σ
Expensive
Last 14Y 12.29 1.21 [9.87 · 11.08 , 13.50 · 14.71]
+2.08 σ
Expensive
Last 15Y 12.30 1.15 [10.00 · 11.15 , 13.45 · 14.60]
+2.19 σ
Expensive
Last 16Y 12.13 1.22 [9.70 · 10.91 , 13.34 · 14.56]
+2.21 σ
Expensive
Last 17Y 12.11 1.18 [9.76 · 10.93 , 13.29 · 14.46]
+2.29 σ
Expensive
Last 18Y 12.14 1.13 [9.89 · 11.02 , 13.27 · 14.39]
+2.37 σ
Expensive
Last 19Y 12.17 1.09 [10.00 · 11.09 , 13.26 · 14.35]
+2.43 σ
Expensive
Last 20Y 12.22 1.04 [10.14 · 11.18 , 13.27 · 14.31]
+2.48 σ
Expensive

P/E Comparison

How is the Germany Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Germany 14.81
+3.90 σ +1.04 σ +1.97 σ +2.48 σ
All World 20.63
+2.80 σ +2.32 σ +3.65 σ +4.33 σ
Developed ex-US 16.62
+4.06 σ +1.63 σ +2.76 σ +2.79 σ

Germany Stock Market Trend

Trend is evaluated considering the price of the EWG Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +5.31% 18 Jul
Short Term Price vs SMA50 -0.90% 18 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.