16.45
Last update: 03 May 2024
The estimated P/E Ratio for Hong Kong Stock Market is 16.45, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [14.06 , 16.23]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the EWH Etf, whose benchmark is the Hong Kong 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 Hong Kong Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
03 May 2024 · P/E Ratio: 16.45
03 May 2024 · P/E Ratio: 16.45 ·
1Y Average: 15.41 ·
1 Std Dev range: [14.89 , 15.94] ·
2 Std Dev range: [14.36 , 16.47]
03 May 2024 · P/E Ratio: 16.45 ·
5Y Average: 15.15 ·
1 Std Dev range: [14.06 , 16.23] ·
2 Std Dev range: [12.98 , 17.32]
03 May 2024 · P/E Ratio: 16.45 ·
10Y Average: 15.03 ·
1 Std Dev range: [14.17 , 15.90] ·
2 Std Dev range: [13.30 , 16.77]
03 May 2024 · P/E Ratio: 16.45 ·
20Y Average: 15.19 ·
1 Std Dev range: [14.25 , 16.12] ·
2 Std Dev range: [13.31 , 17.06]
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".
03 May 2024 · P/E Ratio: 16.45 · 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 ( 16.45 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 15.41 | 0.53 | [14.36 · 14.89 , 15.94 · 16.47] |
|
+1.97 σ |
Overvalued
|
| Last 2Y | 14.65 | 0.86 | [12.93 · 13.79 , 15.51 · 16.37] |
|
+2.10 σ |
Expensive
|
| Last 3Y | 14.91 | 0.98 | [12.95 · 13.93 , 15.89 · 16.86] |
|
+1.58 σ |
Overvalued
|
| Last 4Y | 15.33 | 1.11 | [13.11 · 14.22 , 16.43 · 17.54] |
|
+1.02 σ |
Overvalued
|
| Last 5Y | 15.15 | 1.09 | [12.98 · 14.06 , 16.23 · 17.32] |
|
+1.21 σ |
Overvalued
|
| Last 6Y | 14.98 | 0.98 | [13.01 · 13.99 , 15.96 · 16.95] |
|
+1.50 σ |
Overvalued
|
| Last 7Y | 15.16 | 0.95 | [13.26 · 14.21 , 16.11 · 17.06] |
|
+1.36 σ |
Overvalued
|
| Last 8Y | 15.14 | 0.88 | [13.38 · 14.26 , 16.02 · 16.90] |
|
+1.49 σ |
Overvalued
|
| Last 9Y | 15.05 | 0.92 | [13.22 · 14.13 , 15.96 · 16.88] |
|
+1.53 σ |
Overvalued
|
| Last 10Y | 15.03 | 0.87 | [13.30 · 14.17 , 15.90 · 16.77] |
|
+1.64 σ |
Overvalued
|
| Last 11Y | 14.94 | 0.84 | [13.27 · 14.10 , 15.78 · 16.61] |
|
+1.81 σ |
Overvalued
|
| Last 12Y | 14.90 | 0.82 | [13.25 · 14.08 , 15.72 · 16.54] |
|
+1.89 σ |
Overvalued
|
| Last 13Y | 14.82 | 0.82 | [13.18 · 14.00 , 15.64 · 16.46] |
|
+1.99 σ |
Overvalued
|
| Last 14Y | 14.89 | 0.84 | [13.21 · 14.05 , 15.73 · 16.57] |
|
+1.86 σ |
Overvalued
|
| Last 15Y | 15.04 | 0.91 | [13.21 · 14.13 , 15.95 · 16.87] |
|
+1.55 σ |
Overvalued
|
| Last 16Y | 14.97 | 0.93 | [13.10 · 14.03 , 15.90 · 16.83] |
|
+1.59 σ |
Overvalued
|
| Last 17Y | 15.08 | 0.99 | [13.09 · 14.08 , 16.07 · 17.06] |
|
+1.39 σ |
Overvalued
|
| Last 18Y | 15.13 | 0.99 | [13.16 · 14.15 , 16.12 · 17.11] |
|
+1.34 σ |
Overvalued
|
| Last 19Y | 15.15 | 0.95 | [13.25 · 14.20 , 16.10 · 17.05] |
|
+1.37 σ |
Overvalued
|
| Last 20Y | 15.19 | 0.94 | [13.31 · 14.25 , 16.12 · 17.06] |
|
+1.35 σ |
Overvalued
|
P/E Comparison
How is the Hong Kong 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 | |||
|
|
Hong Kong | 16.45 |
|
+1.97 σ | +1.21 σ | +1.64 σ | +1.35 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
| Developed ex-US | 15.04 |
|
+2.64 σ | +0.44 σ | +0.94 σ | +1.36 σ | ||
Hong Kong Stock Market Trend
Trend is evaluated considering the price of the EWH Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -0.08% | 03 May | |
| Short Term | Price vs SMA50 | +6.38% | 03 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.