The estimated P/E Ratio for Ireland Stock Market is 16.80, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [13.90 , 19.62]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EIRL Etf, whose benchmark is the Ireland 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 Ireland 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 ( 16.80 ) |
Deviation vs μ |
Valuation |
Last 1Y | 14.30 | 0.85 | [12.59 · 13.44 , 15.15 · 16.00] |
|
+2.94 σ |
Expensive
|
Last 2Y | 14.19 | 0.72 | [12.74 · 13.46 , 14.91 · 15.63] |
|
+3.62 σ |
Expensive
|
Last 3Y | 14.85 | 1.52 | [11.82 · 13.34 , 16.37 · 17.89] |
|
+1.29 σ |
Overvalued
|
Last 4Y | 16.61 | 2.96 | [10.70 · 13.66 , 19.57 · 22.53] |
|
+0.06 σ |
Fair
|
Last 5Y | 16.76 | 2.86 | [11.04 · 13.90 , 19.62 · 22.47] |
|
+0.02 σ |
Fair
|
Last 6Y | 16.03 | 2.68 | [10.67 · 13.35 , 18.72 · 21.40] |
|
+0.29 σ |
Fair
|
Last 7Y | 15.89 | 2.37 | [11.15 · 13.52 , 18.25 · 20.62] |
|
+0.39 σ |
Fair
|
Last 8Y | 15.86 | 2.04 | [11.79 · 13.82 , 17.89 · 19.93] |
|
+0.46 σ |
Fair
|
Last 9Y | 15.87 | 1.84 | [12.19 · 14.03 , 17.71 · 19.54] |
|
+0.51 σ |
Fair
|
Last 10Y | 16.16 | 1.82 | [12.52 · 14.34 , 17.98 · 19.80] |
|
+0.35 σ |
Fair
|
Last 11Y | 16.59 | 2.15 | [12.29 · 14.44 , 18.75 · 20.90] |
|
+0.10 σ |
Fair
|
Last 12Y | 16.83 | 2.21 | [12.41 · 14.62 , 19.05 · 21.26] |
|
-0.01 σ |
Fair
|
Last 13Y | 16.83 | 2.13 | [12.58 · 14.71 , 18.96 · 21.09] |
|
-0.01 σ |
Fair
|
Last 14Y | 17.18 | 2.41 | [12.37 · 14.78 , 19.59 · 22.00] |
|
-0.16 σ |
Fair
|
Last 15Y | 17.34 | 2.35 | [12.64 · 14.99 , 19.69 · 22.04] |
|
-0.23 σ |
Fair
|
Last 16Y | 17.04 | 2.35 | [12.33 · 14.68 , 19.39 · 21.74] |
|
-0.10 σ |
Fair
|
Last 17Y | 16.72 | 2.47 | [11.79 · 14.26 , 19.19 · 21.65] |
|
+0.03 σ |
Fair
|
Last 18Y | 16.42 | 2.48 | [11.46 · 13.94 , 18.90 · 21.38] |
|
+0.15 σ |
Fair
|
Last 19Y | 16.20 | 2.49 | [11.22 · 13.71 , 18.69 · 21.18] |
|
+0.24 σ |
Fair
|
Last 20Y | 16.07 | 2.49 | [11.09 · 13.58 , 18.56 · 21.04] |
|
+0.30 σ |
Fair
|
P/E Comparison
How is the Ireland Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
Ireland | 16.80 |
|
+2.94 σ | +0.02 σ | +0.35 σ | +0.30 σ | |
All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 σ | ||
Developed ex-US | 16.49 |
|
+3.85 σ | +1.53 σ | +2.61 σ | +2.67 σ |
Ireland Stock Market Trend
Trend is evaluated considering the price of the EIRL Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +8.06% | 26 Jul | |
Short Term | Price vs SMA50 | +0.82% | 26 Jul |