The estimated P/E Ratio for India Stock Market is 24.83, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [19.94 , 23.11]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the INDA Etf, whose benchmark is the India 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 India Stock Market 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 ( 24.83 ) |
Deviation vs μ |
Valuation |
Last 1Y | 23.61 | 0.79 | [22.03 · 22.82 , 24.40 · 25.19] |
|
+1.54 σ |
Overvalued
|
Last 2Y | 22.30 | 1.23 | [19.84 · 21.07 , 23.53 · 24.76] |
|
+2.06 σ |
Expensive
|
Last 3Y | 22.11 | 1.09 | [19.93 · 21.02 , 23.20 · 24.28] |
|
+2.50 σ |
Expensive
|
Last 4Y | 22.17 | 1.02 | [20.13 · 21.15 , 23.19 · 24.21] |
|
+2.60 σ |
Expensive
|
Last 5Y | 21.52 | 1.58 | [18.36 · 19.94 , 23.11 · 24.69] |
|
+2.09 σ |
Expensive
|
Last 6Y | 20.76 | 1.96 | [16.85 · 18.80 , 22.72 · 24.67] |
|
+2.08 σ |
Expensive
|
Last 7Y | 20.30 | 2.00 | [16.31 · 18.31 , 22.30 · 24.30] |
|
+2.26 σ |
Expensive
|
Last 8Y | 19.82 | 2.04 | [15.74 · 17.78 , 21.86 · 23.90] |
|
+2.46 σ |
Expensive
|
Last 9Y | 19.44 | 2.08 | [15.29 · 17.37 , 21.52 · 23.60] |
|
+2.59 σ |
Expensive
|
Last 10Y | 19.19 | 2.11 | [14.97 · 17.08 , 21.30 · 23.41] |
|
+2.67 σ |
Expensive
|
Last 11Y | 18.77 | 2.17 | [14.42 · 16.60 , 20.94 · 23.12] |
|
+2.79 σ |
Expensive
|
Last 12Y | 18.30 | 2.43 | [13.43 · 15.86 , 20.73 · 23.16] |
|
+2.69 σ |
Expensive
|
Last 13Y | 17.82 | 2.59 | [12.65 · 15.24 , 20.41 · 23.00] |
|
+2.71 σ |
Expensive
|
Last 14Y | 17.61 | 2.53 | [12.55 · 15.08 , 20.14 · 22.67] |
|
+2.85 σ |
Expensive
|
Last 15Y | 17.57 | 2.43 | [12.72 · 15.14 , 19.99 · 22.42] |
|
+2.99 σ |
Expensive
|
Last 16Y | 17.24 | 2.48 | [12.29 · 14.76 , 19.71 · 22.19] |
|
+3.07 σ |
Expensive
|
Last 17Y | 17.41 | 2.50 | [12.41 · 14.91 , 19.91 · 22.41] |
|
+2.97 σ |
Expensive
|
Last 18Y | 17.32 | 2.38 | [12.56 · 14.94 , 19.70 · 22.08] |
|
+3.15 σ |
Expensive
|
Last 19Y | 17.18 | 2.35 | [12.48 · 14.83 , 19.53 · 21.88] |
|
+3.25 σ |
Expensive
|
Last 20Y | 16.97 | 2.47 | [12.03 · 14.50 , 19.43 · 21.90] |
|
+3.19 σ |
Expensive
|
P/E Comparison
How is the India Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
India | 24.83 |
|
+1.54 σ | +2.09 σ | +2.67 σ | +3.19 σ | |
All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
Emerging Markets | 14.10 |
|
+3.63 σ | +0.49 σ | +1.11 σ | +1.33 σ |
India Stock Market Trend
Trend is evaluated considering the price of the INDA Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +11.03% | 03 May | |
Short Term | Price vs SMA50 | +2.20% | 03 May |