Germany Stock Market: current P/E Ratio

12.79
Last update: 22 April 2024

The estimated P/E Ratio for Germany Stock Market is 12.79, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [11.72 , 14.68]. For this reason, the current P/E can be considered Fair

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.

22 April 2024 · P/E Ratio: 12.79
22 April 2024 · P/E Ratio: 12.79 · 1Y Average: 12.81 · 1 Std Dev range: [12.26 , 13.36] · 2 Std Dev range: [11.71 , 13.92]
22 April 2024 · P/E Ratio: 12.79 · 5Y Average: 13.20 · 1 Std Dev range: [11.72 , 14.68] · 2 Std Dev range: [10.24 , 16.16]
22 April 2024 · P/E Ratio: 12.79 · 10Y Average: 13.00 · 1 Std Dev range: [12.10 , 13.89] · 2 Std Dev range: [11.20 , 14.79]
22 April 2024 · P/E Ratio: 12.79 · 20Y Average: 12.23 · 1 Std Dev range: [11.18 , 13.29] · 2 Std Dev range: [10.13 , 14.34]
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".
22 April 2024 · P/E Ratio: 12.79 · 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
( 12.79 )
Deviation
vs μ
Valuation
Last 1Y 12.81 0.55 [11.71 · 12.26 , 13.37 · 13.92]
-0.04 σ
Fair
Last 2Y 11.62 1.15 [9.32 · 10.47 , 12.77 · 13.92]
+1.02 σ
Overvalued
Last 3Y 12.29 1.31 [9.67 · 10.98 , 13.60 · 14.91]
+0.38 σ
Fair
Last 4Y 13.17 1.69 [9.80 · 11.48 , 14.86 · 16.55]
-0.22 σ
Fair
Last 5Y 13.20 1.48 [10.24 · 11.72 , 14.68 · 16.16]
-0.28 σ
Fair
Last 6Y 12.93 1.29 [10.34 · 11.64 , 14.22 · 15.52]
-0.11 σ
Fair
Last 7Y 13.01 1.13 [10.76 · 11.88 , 14.14 · 15.27]
-0.19 σ
Fair
Last 8Y 12.96 0.95 [11.06 · 12.01 , 13.91 · 14.85]
-0.18 σ
Fair
Last 9Y 12.98 0.92 [11.14 · 12.06 , 13.90 · 14.83]
-0.21 σ
Fair
Last 10Y 13.00 0.90 [11.20 · 12.10 , 13.89 · 14.79]
-0.23 σ
Fair
Last 11Y 12.85 0.89 [11.07 · 11.96 , 13.74 · 14.63]
-0.06 σ
Fair
Last 12Y 12.63 1.03 [10.58 · 11.61 , 13.66 · 14.69]
+0.16 σ
Fair
Last 13Y 12.39 1.17 [10.06 · 11.22 , 13.56 · 14.72]
+0.35 σ
Fair
Last 14Y 12.24 1.20 [9.84 · 11.04 , 13.44 · 14.64]
+0.46 σ
Fair
Last 15Y 12.25 1.14 [9.98 · 11.12 , 13.39 · 14.53]
+0.47 σ
Fair
Last 16Y 12.07 1.21 [9.65 · 10.86 , 13.28 · 14.49]
+0.59 σ
Fair
Last 17Y 12.10 1.17 [9.77 · 10.94 , 13.27 · 14.44]
+0.59 σ
Fair
Last 18Y 12.12 1.12 [9.89 · 11.00 , 13.24 · 14.35]
+0.60 σ
Fair
Last 19Y 12.15 1.07 [10.00 · 11.07 , 13.22 · 14.29]
+0.60 σ
Fair
Last 20Y 12.23 1.05 [10.13 · 11.18 , 13.29 · 14.34]
+0.53 σ
Fair

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 12.79
-0.04 σ -0.28 σ -0.23 σ +0.53 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Developed ex-US 14.67
+2.53 σ +0.16 σ +0.51 σ +1.03 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 +6.37% 22 Apr
Short Term Price vs SMA50 -1.02% 22 Apr
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.