16.26
Last update: 03 May 2024
The estimated P/E Ratio for Japan Stock Market is 16.26, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [12.81 , 15.88]. For this reason, the current P/E can be considered Overvalued
P/E Ratio is calculated on the EWJ Etf, whose benchmark is the Japan 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 Japan Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
03 May 2024 · P/E Ratio: 16.26
03 May 2024 · P/E Ratio: 16.26 ·
1Y Average: 14.66 ·
1 Std Dev range: [14.07 , 15.25] ·
2 Std Dev range: [13.48 , 15.83]
03 May 2024 · P/E Ratio: 16.26 ·
5Y Average: 14.35 ·
1 Std Dev range: [12.81 , 15.88] ·
2 Std Dev range: [11.28 , 17.41]
03 May 2024 · P/E Ratio: 16.26 ·
10Y Average: 13.87 ·
1 Std Dev range: [12.81 , 14.93] ·
2 Std Dev range: [11.75 , 15.98]
03 May 2024 · P/E Ratio: 16.26 ·
20Y Average: 14.49 ·
1 Std Dev range: [12.89 , 16.09] ·
2 Std Dev range: [11.29 , 17.69]
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".
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".
03 May 2024 · P/E Ratio: 16.26 · 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 ( 16.26 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 14.66 | 0.59 | [13.48 · 14.07 , 15.25 · 15.83] |
|
+2.73 σ |
Expensive
|
| Last 2Y | 13.44 | 1.01 | [11.43 · 12.44 , 14.45 · 15.46] |
|
+2.79 σ |
Expensive
|
| Last 3Y | 13.81 | 1.16 | [11.48 · 12.64 , 14.97 · 16.14] |
|
+2.11 σ |
Expensive
|
| Last 4Y | 14.61 | 1.56 | [11.49 · 13.05 , 16.18 · 17.74] |
|
+1.05 σ |
Overvalued
|
| Last 5Y | 14.35 | 1.53 | [11.28 · 12.81 , 15.88 · 17.41] |
|
+1.25 σ |
Overvalued
|
| Last 6Y | 13.92 | 1.45 | [11.02 · 12.47 , 15.36 · 16.81] |
|
+1.62 σ |
Overvalued
|
| Last 7Y | 13.94 | 1.29 | [11.35 · 12.65 , 15.23 · 16.52] |
|
+1.80 σ |
Overvalued
|
| Last 8Y | 13.85 | 1.15 | [11.54 · 12.70 , 15.00 · 16.15] |
|
+2.10 σ |
Expensive
|
| Last 9Y | 13.84 | 1.11 | [11.61 · 12.73 , 14.96 · 16.07] |
|
+2.17 σ |
Expensive
|
| Last 10Y | 13.87 | 1.06 | [11.75 · 12.81 , 14.93 · 15.98] |
|
+2.26 σ |
Expensive
|
| Last 11Y | 13.89 | 1.01 | [11.86 · 12.88 , 14.90 · 15.92] |
|
+2.34 σ |
Expensive
|
| Last 12Y | 13.75 | 1.03 | [11.70 · 12.72 , 14.78 · 15.81] |
|
+2.43 σ |
Expensive
|
| Last 13Y | 13.61 | 1.01 | [11.58 · 12.59 , 14.62 · 15.64] |
|
+2.62 σ |
Expensive
|
| Last 14Y | 13.59 | 0.99 | [11.60 · 12.60 , 14.58 · 15.58] |
|
+2.69 σ |
Expensive
|
| Last 15Y | 13.86 | 1.25 | [11.37 · 12.62 , 15.11 · 16.35] |
|
+1.93 σ |
Overvalued
|
| Last 16Y | 13.90 | 1.26 | [11.37 · 12.63 , 15.16 · 16.43] |
|
+1.87 σ |
Overvalued
|
| Last 17Y | 13.98 | 1.32 | [11.33 · 12.65 , 15.30 · 16.63] |
|
+1.72 σ |
Overvalued
|
| Last 18Y | 14.17 | 1.47 | [11.23 · 12.70 , 15.64 · 17.10] |
|
+1.43 σ |
Overvalued
|
| Last 19Y | 14.33 | 1.56 | [11.22 · 12.77 , 15.88 · 17.44] |
|
+1.24 σ |
Overvalued
|
| Last 20Y | 14.49 | 1.60 | [11.29 · 12.89 , 16.09 · 17.69] |
|
+1.11 σ |
Overvalued
|
P/E Comparison
How is the Japan 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 | |||
|
|
Japan | 16.26 |
|
+2.73 σ | +1.25 σ | +2.26 σ | +1.11 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
| Developed ex-US | 15.71 |
|
+4.09 σ | +0.98 σ | +1.77 σ | +1.97 σ | ||
Japan Stock Market Trend
Trend is evaluated considering the price of the EWJ Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +7.87% | 03 May | |
| Short Term | Price vs SMA50 | -0.23% | 03 May |
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.