12.23
Last update: 21 October 2024
The estimated P/E Ratio for Japan Stock Market is 12.23, calculated on 21 October 2024.
Considering the last 5 years, an average P/E interval is [13.21 , 16.39]. For this reason, the current P/E can be considered Undervalued
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.
21 October 2024 · P/E Ratio: 12.23
21 October 2024 · P/E Ratio: 12.23 ·
1Y Average: 15.69 ·
1 Std Dev range: [14.83 , 16.55] ·
2 Std Dev range: [13.96 , 17.42]
21 October 2024 · P/E Ratio: 12.23 ·
5Y Average: 14.80 ·
1 Std Dev range: [13.21 , 16.39] ·
2 Std Dev range: [11.62 , 17.98]
21 October 2024 · P/E Ratio: 12.23 ·
10Y Average: 14.03 ·
1 Std Dev range: [12.82 , 15.23] ·
2 Std Dev range: [11.62 , 16.44]
21 October 2024 · P/E Ratio: 12.23 ·
20Y Average: 14.49 ·
1 Std Dev range: [12.89 , 16.09] ·
2 Std Dev range: [11.30 , 17.68]
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".
21 October 2024 · P/E Ratio: 12.23 · 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 ( 12.23 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 15.69 | 0.86 | [13.96 · 14.83 , 16.55 · 17.42] |
|
-4.00 σ |
Cheap
|
| Last 2Y | 14.35 | 1.40 | [11.55 · 12.95 , 15.75 · 17.16] |
|
-1.51 σ |
Undervalued
|
| Last 3Y | 13.84 | 1.21 | [11.41 · 12.62 , 15.05 · 16.26] |
|
-1.32 σ |
Undervalued
|
| Last 4Y | 14.64 | 1.56 | [11.51 · 13.08 , 16.21 · 17.77] |
|
-1.54 σ |
Undervalued
|
| Last 5Y | 14.80 | 1.59 | [11.62 · 13.21 , 16.39 · 17.98] |
|
-1.61 σ |
Undervalued
|
| Last 6Y | 14.26 | 1.62 | [11.01 · 12.64 , 15.88 · 17.50] |
|
-1.25 σ |
Undervalued
|
| Last 7Y | 14.13 | 1.49 | [11.15 · 12.64 , 15.62 · 17.11] |
|
-1.27 σ |
Undervalued
|
| Last 8Y | 14.10 | 1.30 | [11.49 · 12.79 , 15.40 · 16.70] |
|
-1.43 σ |
Undervalued
|
| Last 9Y | 13.94 | 1.25 | [11.45 · 12.70 , 15.19 · 16.44] |
|
-1.37 σ |
Undervalued
|
| Last 10Y | 14.03 | 1.20 | [11.62 · 12.82 , 15.23 · 16.44] |
|
-1.49 σ |
Undervalued
|
| Last 11Y | 13.94 | 1.10 | [11.75 · 12.85 , 15.04 · 16.14] |
|
-1.56 σ |
Undervalued
|
| Last 12Y | 13.94 | 1.10 | [11.74 · 12.84 , 15.03 · 16.13] |
|
-1.55 σ |
Undervalued
|
| Last 13Y | 13.75 | 1.11 | [11.53 · 12.64 , 14.86 · 15.97] |
|
-1.37 σ |
Undervalued
|
| Last 14Y | 13.66 | 1.09 | [11.49 · 12.57 , 14.74 · 15.83] |
|
-1.31 σ |
Undervalued
|
| Last 15Y | 13.85 | 1.22 | [11.41 · 12.63 , 15.07 · 16.28] |
|
-1.33 σ |
Undervalued
|
| Last 16Y | 13.98 | 1.37 | [11.25 · 12.61 , 15.35 · 16.72] |
|
-1.28 σ |
Undervalued
|
| Last 17Y | 13.98 | 1.33 | [11.33 · 12.65 , 15.31 · 16.63] |
|
-1.32 σ |
Undervalued
|
| Last 18Y | 14.17 | 1.47 | [11.24 · 12.70 , 15.63 · 17.10] |
|
-1.32 σ |
Undervalued
|
| Last 19Y | 14.37 | 1.61 | [11.15 · 12.76 , 15.98 · 17.59] |
|
-1.33 σ |
Undervalued
|
| Last 20Y | 14.49 | 1.60 | [11.30 · 12.89 , 16.09 · 17.68] |
|
-1.41 σ |
Undervalued
|
P/E Comparison
How is the Japan Stock Market P/E Ratio, compared to other global ratios?
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| Deviation vs μ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
|
Japan | 12.23 |
|
-4.00 σ | -1.61 σ | -1.49 σ | -1.41 σ | |
| All World | 21.37 |
|
+1.86 σ | +2.64 σ | +3.83 σ | +4.57 σ | ||
| Developed ex-US | 15.43 |
|
+0.57 σ | +0.46 σ | +1.13 σ | +1.70 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 | +0.24% | 21 Oct | |
| Short Term | Price vs SMA50 | -2.05% | 21 Oct |
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.