Italy Stock Market: current P/E Ratio

9.85
Last update: 22 April 2024

The estimated P/E Ratio for Italy Stock Market is 9.85, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [8.83 , 12.41]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWI Etf, whose benchmark is the Italy 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 Italy 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: 9.85
22 April 2024 · P/E Ratio: 9.85 · 1Y Average: 8.95 · 1 Std Dev range: [8.50 , 9.40] · 2 Std Dev range: [8.06 , 9.84]
22 April 2024 · P/E Ratio: 9.85 · 5Y Average: 10.62 · 1 Std Dev range: [8.83 , 12.41] · 2 Std Dev range: [7.05 , 14.20]
22 April 2024 · P/E Ratio: 9.85 · 10Y Average: 11.75 · 1 Std Dev range: [10.15 , 13.35] · 2 Std Dev range: [8.55 , 14.95]
22 April 2024 · P/E Ratio: 9.85 · 20Y Average: 11.36 · 1 Std Dev range: [9.64 , 13.07] · 2 Std Dev range: [7.93 , 14.78]
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: 9.85 · 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
( 9.85 )
Deviation
vs μ
Valuation
Last 1Y 8.95 0.45 [8.06 · 8.50 , 9.40 · 9.84]
+2.00 σ
Expensive
Last 2Y 8.41 0.50 [7.41 · 7.91 , 8.90 · 9.40]
+2.89 σ
Expensive
Last 3Y 9.24 1.26 [6.73 · 7.98 , 10.49 · 11.75]
+0.48 σ
Fair
Last 4Y 10.40 2.02 [6.35 · 8.37 , 12.42 · 14.44]
-0.27 σ
Fair
Last 5Y 10.62 1.79 [7.05 · 8.83 , 12.41 · 14.20]
-0.43 σ
Fair
Last 6Y 10.55 1.55 [7.46 · 9.00 , 12.10 · 13.65]
-0.46 σ
Fair
Last 7Y 10.99 1.66 [7.66 · 9.33 , 12.65 · 14.32]
-0.69 σ
Fair
Last 8Y 11.16 1.57 [8.02 · 9.59 , 12.72 · 14.29]
-0.84 σ
Fair
Last 9Y 11.45 1.62 [8.21 · 9.83 , 13.07 · 14.69]
-0.99 σ
Fair
Last 10Y 11.75 1.60 [8.55 · 10.15 , 13.35 · 14.95]
-1.19 σ
Undervalued
Last 11Y 11.67 1.49 [8.68 · 10.18 , 13.16 · 14.66]
-1.22 σ
Undervalued
Last 12Y 11.40 1.62 [8.17 · 9.79 , 13.02 · 14.64]
-0.96 σ
Fair
Last 13Y 11.11 1.73 [7.65 · 9.38 , 12.84 · 14.57]
-0.73 σ
Fair
Last 14Y 10.99 1.68 [7.62 · 9.30 , 12.67 · 14.35]
-0.68 σ
Fair
Last 15Y 11.06 1.61 [7.83 · 9.44 , 12.67 · 14.29]
-0.75 σ
Fair
Last 16Y 10.84 1.68 [7.47 · 9.15 , 12.52 · 14.21]
-0.59 σ
Fair
Last 17Y 10.89 1.64 [7.62 · 9.25 , 12.53 · 14.17]
-0.64 σ
Fair
Last 18Y 10.99 1.61 [7.77 · 9.38 , 12.60 · 14.21]
-0.71 σ
Fair
Last 19Y 11.15 1.64 [7.86 · 9.50 , 12.79 · 14.43]
-0.79 σ
Fair
Last 20Y 11.36 1.71 [7.93 · 9.64 , 13.07 · 14.78]
-0.88 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Italy 9.85
+2.00 σ -0.43 σ -1.19 σ -0.88 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
Europe 15.00
+3.92 σ +1.40 σ +1.80 σ +1.88 σ

Italy Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +10.86% 22 Apr
Short Term Price vs SMA50 +1.22% 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.