India Stock Market: current P/E Ratio

24.43
Last update: 22 April 2024

The estimated P/E Ratio for India Stock Market is 24.43, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [19.80 , 23.02]. 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.

22 April 2024 · P/E Ratio: 24.43
22 April 2024 · P/E Ratio: 24.43 · 1Y Average: 23.36 · 1 Std Dev range: [22.58 , 24.13] · 2 Std Dev range: [21.81 , 24.91]
22 April 2024 · P/E Ratio: 24.43 · 5Y Average: 21.41 · 1 Std Dev range: [19.80 , 23.02] · 2 Std Dev range: [18.19 , 24.62]
22 April 2024 · P/E Ratio: 24.43 · 10Y Average: 19.12 · 1 Std Dev range: [17.02 , 21.21] · 2 Std Dev range: [14.93 , 23.30]
22 April 2024 · P/E Ratio: 24.43 · 20Y Average: 16.92 · 1 Std Dev range: [14.47 , 19.37] · 2 Std Dev range: [12.03 , 21.81]
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: 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 23.36 0.78 [21.81 · 22.58 , 24.13 · 24.91]
+1.38 σ
Overvalued
Last 2Y 22.06 1.19 [19.68 · 20.87 , 23.26 · 24.45]
+1.99 σ
Overvalued
Last 3Y 22.01 1.04 [19.93 · 20.97 , 23.05 · 24.08]
+2.34 σ
Expensive
Last 4Y 22.07 1.04 [20.00 · 21.03 , 23.11 · 24.15]
+2.27 σ
Expensive
Last 5Y 21.41 1.61 [18.19 · 19.80 , 23.02 · 24.62]
+1.88 σ
Overvalued
Last 6Y 20.65 1.96 [16.72 · 18.69 , 22.62 · 24.58]
+1.92 σ
Overvalued
Last 7Y 20.22 1.98 [16.26 · 18.24 , 22.20 · 24.18]
+2.13 σ
Expensive
Last 8Y 19.74 2.02 [15.70 · 17.72 , 21.76 · 23.78]
+2.32 σ
Expensive
Last 9Y 19.38 2.04 [15.30 · 17.34 , 21.42 · 23.46]
+2.47 σ
Expensive
Last 10Y 19.12 2.09 [14.93 · 17.02 , 21.21 · 23.30]
+2.54 σ
Expensive
Last 11Y 18.69 2.17 [14.36 · 16.53 , 20.86 · 23.02]
+2.65 σ
Expensive
Last 12Y 18.22 2.43 [13.36 · 15.79 , 20.64 · 23.07]
+2.56 σ
Expensive
Last 13Y 17.76 2.56 [12.64 · 15.20 , 20.32 · 22.88]
+2.60 σ
Expensive
Last 14Y 17.56 2.50 [12.57 · 15.07 , 20.06 · 22.56]
+2.75 σ
Expensive
Last 15Y 17.51 2.41 [12.69 · 15.10 , 19.92 · 22.33]
+2.87 σ
Expensive
Last 16Y 17.21 2.44 [12.33 · 14.77 , 19.65 · 22.08]
+2.96 σ
Expensive
Last 17Y 17.37 2.47 [12.44 · 14.90 , 19.84 · 22.31]
+2.86 σ
Expensive
Last 18Y 17.30 2.35 [12.59 · 14.95 , 19.65 · 22.00]
+3.03 σ
Expensive
Last 19Y 17.13 2.34 [12.46 · 14.80 , 19.47 · 21.80]
+3.13 σ
Expensive
Last 20Y 16.92 2.45 [12.03 · 14.47 , 19.37 · 21.81]
+3.07 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
+1.38 σ +1.88 σ +2.54 σ +3.07 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Emerging Markets 13.32
+2.01 σ -0.04 σ +0.27 σ +0.64 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 +10.12% 22 Apr
Short Term Price vs SMA50 +1.09% 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.