The estimated P/E Ratio for Israel Stock Market is 12.26, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [9.37 , 12.47]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EIS Etf, whose benchmark is the Israel 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 Israel 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 ( 12.26 ) |
Deviation vs μ |
Valuation |
Last 1Y | 9.48 | 1.35 | [6.78 · 8.13 , 10.83 · 12.17] |
|
+2.06 σ |
Expensive
|
Last 2Y | 9.01 | 1.07 | [6.87 · 7.94 , 10.07 · 11.14] |
|
+3.05 σ |
Expensive
|
Last 3Y | 10.26 | 1.77 | [6.72 · 8.49 , 12.03 · 13.80] |
|
+1.13 σ |
Overvalued
|
Last 4Y | 10.92 | 1.79 | [7.35 · 9.14 , 12.71 · 14.49] |
|
+0.75 σ |
Fair
|
Last 5Y | 10.92 | 1.55 | [7.81 · 9.37 , 12.47 · 14.02] |
|
+0.86 σ |
Fair
|
Last 6Y | 10.91 | 1.32 | [8.26 · 9.58 , 12.23 · 13.56] |
|
+1.02 σ |
Overvalued
|
Last 7Y | 10.91 | 1.15 | [8.62 · 9.76 , 12.06 · 13.21] |
|
+1.17 σ |
Overvalued
|
Last 8Y | 10.76 | 1.03 | [8.70 · 9.73 , 11.80 · 12.83] |
|
+1.45 σ |
Overvalued
|
Last 9Y | 10.82 | 0.95 | [8.93 · 9.87 , 11.76 · 12.71] |
|
+1.53 σ |
Overvalued
|
Last 10Y | 10.84 | 0.85 | [9.15 · 10.00 , 11.69 · 12.54] |
|
+1.67 σ |
Overvalued
|
Last 11Y | 10.61 | 1.00 | [8.61 · 9.61 , 11.61 · 12.61] |
|
+1.65 σ |
Overvalued
|
Last 12Y | 10.36 | 1.17 | [8.02 · 9.19 , 11.54 · 12.71] |
|
+1.61 σ |
Overvalued
|
Last 13Y | 10.16 | 1.25 | [7.67 · 8.91 , 11.40 · 12.65] |
|
+1.69 σ |
Overvalued
|
Last 14Y | 10.17 | 1.18 | [7.82 · 9.00 , 11.35 · 12.53] |
|
+1.77 σ |
Overvalued
|
Last 15Y | 10.35 | 1.20 | [7.94 · 9.14 , 11.55 · 12.76] |
|
+1.59 σ |
Overvalued
|
Last 16Y | 10.31 | 1.22 | [7.87 · 9.09 , 11.53 · 12.75] |
|
+1.60 σ |
Overvalued
|
Last 17Y | 10.45 | 1.26 | [7.93 · 9.19 , 11.71 · 12.97] |
|
+1.44 σ |
Overvalued
|
Last 18Y | 10.62 | 1.36 | [7.90 · 9.26 , 11.98 · 13.34] |
|
+1.21 σ |
Overvalued
|
Last 19Y | 10.80 | 1.48 | [7.85 · 9.33 , 12.28 · 13.76] |
|
+0.99 σ |
Fair
|
Last 20Y | 11.04 | 1.62 | [7.81 · 9.42 , 12.65 · 14.27] |
|
+0.76 σ |
Fair
|
P/E Comparison
How is the Israel Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
Israel | 12.26 |
|
+2.06 σ | +0.86 σ | +1.67 σ | +0.76 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 |
Israel Stock Market Trend
Trend is evaluated considering the price of the EIS Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +5.84% | 03 May | |
Short Term | Price vs SMA50 | -2.65% | 03 May |