Malaysia Stock Market
P/E Ratio
14.55
07 August 2025

The estimated Price-to-Earnings (P/E) Ratio for Malaysia Stock Market is 14.55, calculated on 07 August 2025.

Considering the last 5 years, an average P/E interval is [13.56 , 15.15]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the EWM Etf, whose benchmark is the Malaysia 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 Malaysia Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

Normalized vs (μ , σ)
07 August 2025 · P/E Ratio: 14.55
07 August 2025 · P/E Ratio: 14.55 · 1Y Average: 14.77 · 1 Std Dev range: [14.26 , 15.28] · 2 Std Dev range: [13.75 , 15.79]
07 August 2025 · P/E Ratio: 14.55 · 5Y Average: 14.35 · 1 Std Dev range: [13.56 , 15.15] · 2 Std Dev range: [12.76 , 15.94]
07 August 2025 · P/E Ratio: 14.55 · 10Y Average: 15.05 · 1 Std Dev range: [14.28 , 15.81] · 2 Std Dev range: [13.51 , 16.58]
07 August 2025 · P/E Ratio: 14.55 · 20Y Average: 14.64 · 1 Std Dev range: [13.82 , 15.47] · 2 Std Dev range: [12.99 , 16.29]
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). Additionally, P/E values greater than 70 or lower than 1 are logarithmically normalized to reduce distortions.

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".

P/E vs Forward Returns

This chart illustrates the historical relationship between the market’s Price-to-Earnings (P/E) ratio and the subsequent returns over the following years. The horizontal axis shows the P/E ratio observed at a given point in time, while the vertical axis displays the annualized return over the subsequent period (e.g., 10 years).

P/E RATIO vs Forward Return
Scatter plot and stats
Based on the last 30 years, when available
Forward 1Y
Forward 5Y
Forward 10Y
Forward 20Y
Stats for 1 Range

Estimate for x = 14.55: y = 7.34
Prediction interval at 80% confidence: [-44.575 , 59.249]
Slope (b): -4.7265
Intercept (a): 76.1072
R² (coefficient of determination): 0.1084
Residual standard error: 31.5109
T-Critical: 1.645
Stats for 5 Range

Estimate for x = 14.55: y = 5.17
Prediction interval at 80% confidence: [-9.397 , 19.733]
Slope (b): -1.8699
Intercept (a): 32.375
R² (coefficient of determination): 0.2053
Residual standard error: 8.8387
T-Critical: 1.645
Stats for 10 Range

Estimate for x = 14.55: y = 5.58
Prediction interval at 80% confidence: [-4.802 , 15.955]
Slope (b): -0.6644
Intercept (a): 15.2439
R² (coefficient of determination): 0.0714
Residual standard error: 6.2955
T-Critical: 1.645
Stats for 20 Range

Estimate for x = 14.55: y = 5.45
Prediction interval at 80% confidence: [2.034 , 8.865]
Slope (b): -0.2936
Intercept (a): 9.7218
R² (coefficient of determination): 0.1966
Residual standard error: 2.0667
T-Critical: 1.645

Trailing vs Forward Returns

This chart illustrates the relationship between trailing (past) returns and forward (subsequent) returns across various time ranges. Each point represents a specific period in the past, showing how past performance has (or hasn’t) correlated with future outcomes. By analyzing different time frames, the chart highlights the degree of persistence —or mean reversion— in investment returns over time.

Trailing vs Forward Return
Scatter plot and stats
Based on the last 30 years, when available
1Y Range
5Y Range
10Y Range
Stats for 1 Range

Estimate for x = 3.11: y = 8.78
Prediction interval at 80% confidence: [-42.975 , 60.535]
Slope (b): -0.2284
Intercept (a): 9.4906
R² (coefficient of determination): 0.0572
Residual standard error: 31.4139
T-Critical: 1.645
Stats for 5 Range

Estimate for x = 0.67: y = 5.97
Prediction interval at 80% confidence: [-8.517 , 20.449]
Slope (b): -0.0933
Intercept (a): 6.0282
R² (coefficient of determination): 0.0125
Residual standard error: 8.7806
T-Critical: 1.645
Stats for 10 Range

Estimate for x = -0.32: y = 4.51
Prediction interval at 80% confidence: [-0.406 , 9.421]
Slope (b): -0.3602
Intercept (a): 4.3924
R² (coefficient of determination): 0.3242
Residual standard error: 2.9287
T-Critical: 1.645

Trailing P/E Ratio Stats

The following table provides a comprehensive analysis of the Price-to-Earnings (P/E) ratio over different trailing time periods. It includes key statistical measures such as the average P/E ratio, variance, and an evaluation of the current price relative to historical trends.

The data allows to assess market valuation over various time horizons, helping to identify potential overvaluation or undervaluation trends. The time intervals range from short-term (1 year) to long-term (20 years when available), offering a broad perspective on market conditions.

07 August 2025 · P/E Ratio: 14.55 · Last Periods metrics
Show all periods
Swipe left to see all data
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
( 14.55 )		 Deviation
vs μ		 Valuation
Last 1Y 14.77 0.51 [13.75 · 14.26 , 15.28 · 15.79]
-0.43 σ
Fair
Last 2Y 14.95 0.61 [13.73 · 14.34 , 15.56 · 16.17]
-0.66 σ
Fair
Last 3Y 14.26 1.00 [12.25 · 13.25 , 15.26 · 16.26]
+0.29 σ
Fair
Last 4Y 14.22 0.87 [12.48 · 13.35 , 15.09 · 15.96]
+0.38 σ
Fair
Last 5Y 14.35 0.80 [12.76 · 13.56 , 15.15 · 15.94]
+0.25 σ
Fair
Last 6Y 14.54 0.84 [12.85 · 13.69 , 15.38 · 16.22]
+0.02 σ
Fair
Last 7Y 14.75 0.87 [13.01 · 13.88 , 15.62 · 16.49]
-0.23 σ
Fair
Last 8Y 14.89 0.85 [13.18 · 14.04 , 15.75 · 16.60]
-0.40 σ
Fair
Last 9Y 15.03 0.83 [13.36 · 14.20 , 15.86 · 16.69]
-0.58 σ
Fair
Last 10Y 15.05 0.77 [13.51 · 14.28 , 15.81 · 16.58]
-0.65 σ
Fair
Last 11Y 15.05 0.72 [13.62 · 14.33 , 15.76 · 16.48]
-0.70 σ
Fair
Last 12Y 15.07 0.67 [13.73 · 14.40 , 15.74 · 16.41]
-0.78 σ
Fair
Last 13Y 14.99 0.68 [13.63 · 14.31 , 15.66 · 16.34]
-0.65 σ
Fair
Last 14Y 14.88 0.73 [13.41 · 14.14 , 15.61 · 16.34]
-0.45 σ
Fair
Last 15Y 14.85 0.71 [13.43 · 14.14 , 15.56 · 16.27]
-0.42 σ
Fair
Last 16Y 14.83 0.71 [13.41 · 14.12 , 15.54 · 16.24]
-0.39 σ
Fair
Last 17Y 14.75 0.75 [13.24 · 13.99 , 15.50 · 16.25]
-0.26 σ
Fair
Last 18Y 14.71 0.77 [13.17 · 13.94 , 15.48 · 16.25]
-0.21 σ
Fair
Last 19Y 14.71 0.79 [13.14 · 13.93 , 15.50 · 16.29]
-0.21 σ
Fair
Last 20Y 14.64 0.82 [12.99 · 13.82 , 15.47 · 16.29]
-0.11 σ
Fair

P/E Comparison

How does the Malaysia Stock Market P/E Ratio compare to other related markets or sectors?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Malaysia 14.55
-0.43 σ +0.25 σ -0.65 σ -0.11 σ
All World 21.66
+3.84 σ +2.05 σ +2.96 σ +3.95 σ
Emerging Markets 14.62
+1.20 σ +0.69 σ +1.29 σ +1.57 σ

Malaysia Stock Market Trend

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

Swipe left to see all data
Trend Indicator Valuation Margin
Long Term Price vs SMA200 +1.50% 07 Aug
Short Term Price vs SMA50 +1.28% 07 Aug
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.