24.43
Last update: 17 May 2024
The estimated P/E Ratio for India Stock Market is 24.43, calculated on 17 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 Overvalued
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.
17 May 2024 · P/E Ratio: 24.43
17 May 2024 · P/E Ratio: 24.43 ·
1Y Average: 23.61 ·
1 Std Dev range: [22.82 , 24.40] ·
2 Std Dev range: [22.03 , 25.19]
17 May 2024 · P/E Ratio: 24.43 ·
5Y Average: 21.52 ·
1 Std Dev range: [19.94 , 23.11] ·
2 Std Dev range: [18.36 , 24.69]
17 May 2024 · P/E Ratio: 24.43 ·
10Y Average: 19.19 ·
1 Std Dev range: [17.08 , 21.30] ·
2 Std Dev range: [14.97 , 23.41]
17 May 2024 · P/E Ratio: 24.43 ·
20Y Average: 16.97 ·
1 Std Dev range: [14.50 , 19.43] ·
2 Std Dev range: [12.03 , 21.90]
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: 24.43 · 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 ( 24.43 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 23.61 | 0.79 | [22.03 · 22.82 , 24.40 · 25.19] |
|
+1.04 σ |
Overvalued
|
| Last 2Y | 22.30 | 1.23 | [19.84 · 21.07 , 23.53 · 24.76] |
|
+1.73 σ |
Overvalued
|
| Last 3Y | 22.11 | 1.09 | [19.93 · 21.02 , 23.20 · 24.28] |
|
+2.14 σ |
Expensive
|
| Last 4Y | 22.17 | 1.02 | [20.13 · 21.15 , 23.19 · 24.21] |
|
+2.21 σ |
Expensive
|
| Last 5Y | 21.52 | 1.58 | [18.36 · 19.94 , 23.11 · 24.69] |
|
+1.84 σ |
Overvalued
|
| Last 6Y | 20.76 | 1.96 | [16.85 · 18.80 , 22.72 · 24.67] |
|
+1.88 σ |
Overvalued
|
| Last 7Y | 20.30 | 2.00 | [16.31 · 18.31 , 22.30 · 24.30] |
|
+2.07 σ |
Expensive
|
| Last 8Y | 19.82 | 2.04 | [15.74 · 17.78 , 21.86 · 23.90] |
|
+2.26 σ |
Expensive
|
| Last 9Y | 19.44 | 2.08 | [15.29 · 17.37 , 21.52 · 23.60] |
|
+2.40 σ |
Expensive
|
| Last 10Y | 19.19 | 2.11 | [14.97 · 17.08 , 21.30 · 23.41] |
|
+2.48 σ |
Expensive
|
| Last 11Y | 18.77 | 2.17 | [14.42 · 16.60 , 20.94 · 23.12] |
|
+2.60 σ |
Expensive
|
| Last 12Y | 18.30 | 2.43 | [13.43 · 15.86 , 20.73 · 23.16] |
|
+2.52 σ |
Expensive
|
| Last 13Y | 17.82 | 2.59 | [12.65 · 15.24 , 20.41 · 23.00] |
|
+2.55 σ |
Expensive
|
| Last 14Y | 17.61 | 2.53 | [12.55 · 15.08 , 20.14 · 22.67] |
|
+2.70 σ |
Expensive
|
| Last 15Y | 17.57 | 2.43 | [12.72 · 15.14 , 19.99 · 22.42] |
|
+2.83 σ |
Expensive
|
| Last 16Y | 17.24 | 2.48 | [12.29 · 14.76 , 19.71 · 22.19] |
|
+2.91 σ |
Expensive
|
| Last 17Y | 17.41 | 2.50 | [12.41 · 14.91 , 19.91 · 22.41] |
|
+2.81 σ |
Expensive
|
| Last 18Y | 17.32 | 2.38 | [12.56 · 14.94 , 19.70 · 22.08] |
|
+2.99 σ |
Expensive
|
| Last 19Y | 17.18 | 2.35 | [12.48 · 14.83 , 19.53 · 21.88] |
|
+3.08 σ |
Expensive
|
| Last 20Y | 16.97 | 2.47 | [12.03 · 14.50 , 19.43 · 21.90] |
|
+3.03 σ |
Expensive
|
P/E Comparison
How is the India 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 | |||
|
|
India | 24.43 |
|
+1.04 σ | +1.84 σ | +2.48 σ | +3.03 σ | |
| All World | 21.20 |
|
+5.06 σ | +2.85 σ | +4.34 σ | +4.88 σ | ||
| Emerging Markets | 14.67 |
|
+4.85 σ | +0.89 σ | +1.75 σ | +1.86 σ | ||
India Stock Market Trend
Trend is evaluated considering the price of the INDA Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +10.64% | 17 May | |
| Short Term | Price vs SMA50 | +2.52% | 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.