Israel Stock Market: current P/E Ratio

12.04
Last update: 22 April 2024

The estimated P/E Ratio for Israel Stock Market is 12.04, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [9.36 , 12.45]. 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.

22 April 2024 · P/E Ratio: 12.04
22 April 2024 · P/E Ratio: 12.04 · 1Y Average: 8.95 · 1 Std Dev range: [7.81 , 10.08] · 2 Std Dev range: [6.68 , 11.21]
22 April 2024 · P/E Ratio: 12.04 · 5Y Average: 10.90 · 1 Std Dev range: [9.36 , 12.45] · 2 Std Dev range: [7.82 , 13.99]
22 April 2024 · P/E Ratio: 12.04 · 10Y Average: 10.83 · 1 Std Dev range: [9.99 , 11.67] · 2 Std Dev range: [9.15 , 12.50]
22 April 2024 · P/E Ratio: 12.04 · 20Y Average: 11.05 · 1 Std Dev range: [9.42 , 12.69] · 2 Std Dev range: [7.78 , 14.32]
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: 12.04 · Last Periods metrics
Show all periods
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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
( 12.04 )
Deviation
vs μ
Valuation
Last 1Y 8.95 1.13 [6.68 · 7.81 , 10.08 · 11.21]
+2.73 σ
Expensive
Last 2Y 9.01 1.07 [6.87 · 7.94 , 10.07 · 11.14]
+2.84 σ
Expensive
Last 3Y 10.30 1.83 [6.65 · 8.48 , 12.13 · 13.96]
+0.95 σ
Fair
Last 4Y 10.88 1.77 [7.33 · 9.11 , 12.66 · 14.43]
+0.65 σ
Fair
Last 5Y 10.90 1.54 [7.82 · 9.36 , 12.45 · 13.99]
+0.73 σ
Fair
Last 6Y 10.88 1.32 [8.25 · 9.57 , 12.20 · 13.51]
+0.88 σ
Fair
Last 7Y 10.89 1.14 [8.62 · 9.75 , 12.03 · 13.17]
+1.00 σ
Overvalued
Last 8Y 10.75 1.02 [8.70 · 9.72 , 11.77 · 12.79]
+1.26 σ
Overvalued
Last 9Y 10.81 0.94 [8.93 · 9.87 , 11.75 · 12.69]
+1.30 σ
Overvalued
Last 10Y 10.83 0.84 [9.15 · 9.99 , 11.67 · 12.50]
+1.44 σ
Overvalued
Last 11Y 10.57 1.01 [8.55 · 9.56 , 11.58 · 12.59]
+1.45 σ
Overvalued
Last 12Y 10.33 1.18 [7.97 · 9.15 , 11.51 · 12.69]
+1.44 σ
Overvalued
Last 13Y 10.14 1.23 [7.67 · 8.91 , 11.37 · 12.61]
+1.54 σ
Overvalued
Last 14Y 10.17 1.18 [7.82 · 9.00 , 11.35 · 12.53]
+1.58 σ
Overvalued
Last 15Y 10.34 1.20 [7.95 · 9.14 , 11.54 · 12.74]
+1.41 σ
Overvalued
Last 16Y 10.30 1.21 [7.88 · 9.09 , 11.52 · 12.73]
+1.42 σ
Overvalued
Last 17Y 10.45 1.27 [7.92 · 9.19 , 11.72 · 12.99]
+1.25 σ
Overvalued
Last 18Y 10.62 1.37 [7.88 · 9.25 , 12.00 · 13.37]
+1.03 σ
Overvalued
Last 19Y 10.81 1.49 [7.83 · 9.32 , 12.30 · 13.80]
+0.82 σ
Fair
Last 20Y 11.05 1.63 [7.78 · 9.42 , 12.69 · 14.32]
+0.60 σ
Fair

P/E Comparison

How is the Israel Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Israel 12.04
+2.73 σ +0.73 σ +1.44 σ +0.60 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Developed ex-US 14.67
+2.53 σ +0.16 σ +0.51 σ +1.03 σ

Israel Stock Market Trend

Trend is evaluated considering the price of the EIS Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +4.19% 22 Apr
Short Term Price vs SMA50 -4.83% 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.