Mexico Stock Market: current P/E Ratio

11.92
Last update: 22 April 2024

The estimated P/E Ratio for Mexico Stock Market is 11.92, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [12.10 , 13.90]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the EWW Etf, whose benchmark is the Mexico 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 Mexico 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: 11.92
22 April 2024 · P/E Ratio: 11.92 · 1Y Average: 11.72 · 1 Std Dev range: [11.09 , 12.36] · 2 Std Dev range: [10.45 , 12.99]
22 April 2024 · P/E Ratio: 11.92 · 5Y Average: 13.00 · 1 Std Dev range: [12.10 , 13.90] · 2 Std Dev range: [11.19 , 14.81]
22 April 2024 · P/E Ratio: 11.92 · 10Y Average: 14.85 · 1 Std Dev range: [12.95 , 16.76] · 2 Std Dev range: [11.04 , 18.66]
22 April 2024 · P/E Ratio: 11.92 · 20Y Average: 14.26 · 1 Std Dev range: [12.53 , 15.99] · 2 Std Dev range: [10.79 , 17.73]
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: 11.92 · 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
( 11.92 )
Deviation
vs μ
Valuation
Last 1Y 11.72 0.63 [10.45 · 11.09 , 12.36 · 12.99]
+0.31 σ
Fair
Last 2Y 11.91 0.59 [10.73 · 11.32 , 12.51 · 13.10]
+0.01 σ
Fair
Last 3Y 12.52 0.86 [10.80 · 11.66 , 13.38 · 14.24]
-0.70 σ
Fair
Last 4Y 12.93 0.99 [10.95 · 11.94 , 13.92 · 14.91]
-1.02 σ
Undervalued
Last 5Y 13.00 0.90 [11.19 · 12.10 , 13.90 · 14.81]
-1.20 σ
Undervalued
Last 6Y 13.15 0.93 [11.29 · 12.22 , 14.08 · 15.01]
-1.32 σ
Undervalued
Last 7Y 13.54 1.17 [11.19 · 12.37 , 14.71 · 15.89]
-1.38 σ
Undervalued
Last 8Y 13.96 1.47 [11.02 · 12.49 , 15.43 · 16.90]
-1.39 σ
Undervalued
Last 9Y 14.38 1.71 [10.96 · 12.67 , 16.10 · 17.81]
-1.44 σ
Undervalued
Last 10Y 14.85 1.91 [11.04 · 12.95 , 16.76 · 18.66]
-1.54 σ
Undervalued
Last 11Y 15.06 1.88 [11.30 · 13.18 , 16.95 · 18.83]
-1.67 σ
Undervalued
Last 12Y 15.23 1.84 [11.56 · 13.39 , 17.07 · 18.90]
-1.80 σ
Undervalued
Last 13Y 15.08 1.78 [11.51 · 13.30 , 16.87 · 18.65]
-1.77 σ
Undervalued
Last 14Y 14.98 1.73 [11.51 · 13.24 , 16.71 · 18.44]
-1.76 σ
Undervalued
Last 15Y 14.89 1.71 [11.46 · 13.17 , 16.60 · 18.32]
-1.73 σ
Undervalued
Last 16Y 14.65 1.78 [11.08 · 12.87 , 16.43 · 18.22]
-1.53 σ
Undervalued
Last 17Y 14.52 1.78 [10.97 · 12.75 , 16.30 · 18.08]
-1.47 σ
Undervalued
Last 18Y 14.48 1.72 [11.05 · 12.77 , 16.20 · 17.92]
-1.49 σ
Undervalued
Last 19Y 14.35 1.73 [10.90 · 12.63 , 16.08 · 17.80]
-1.41 σ
Undervalued
Last 20Y 14.26 1.73 [10.79 · 12.53 , 15.99 · 17.73]
-1.35 σ
Undervalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Mexico 11.92
+0.31 σ -1.20 σ -1.54 σ -1.35 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Emerging Markets 13.32
+2.01 σ -0.04 σ +0.27 σ +0.64 σ

Mexico Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +3.62% 22 Apr
Short Term Price vs SMA50 -2.23% 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.