26.50
Last update: 21 February 2025
The estimated P/E Ratio for New Zealand Stock Market is 26.50, calculated on 21 February 2025.
Considering the last 5 years, an average P/E interval is [22.96 , 32.06]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the ENZL Etf, whose benchmark is the New Zealand 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 New Zealand 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 February 2025 · P/E Ratio: 26.50
21 February 2025 · P/E Ratio: 26.50 ·
1Y Average: 28.12 ·
1 Std Dev range: [26.07 , 30.18] ·
2 Std Dev range: [24.01 , 32.24]
21 February 2025 · P/E Ratio: 26.50 ·
5Y Average: 27.51 ·
1 Std Dev range: [22.96 , 32.06] ·
2 Std Dev range: [18.41 , 36.61]
21 February 2025 · P/E Ratio: 26.50 ·
10Y Average: 26.04 ·
1 Std Dev range: [21.82 , 30.26] ·
2 Std Dev range: [17.61 , 34.47]
21 February 2025 · P/E Ratio: 26.50 ·
20Y Average: 20.18 ·
1 Std Dev range: [15.04 , 25.32] ·
2 Std Dev range: [9.90 , 30.46]
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 February 2025 · P/E Ratio: 26.50 · 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 ( 26.50 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 28.12 | 2.06 | [24.01 · 26.07 , 30.18 · 32.24] |
|
-0.79 σ |
Fair
|
| Last 2Y | 23.75 | 3.92 | [15.92 · 19.83 , 27.66 · 31.58] |
|
+0.70 σ |
Fair
|
| Last 3Y | 24.48 | 4.30 | [15.88 · 20.18 , 28.78 · 33.07] |
|
+0.47 σ |
Fair
|
| Last 4Y | 25.68 | 4.17 | [17.34 · 21.51 , 29.85 · 34.02] |
|
+0.20 σ |
Fair
|
| Last 5Y | 27.51 | 4.55 | [18.41 · 22.96 , 32.06 · 36.61] |
|
-0.22 σ |
Fair
|
| Last 6Y | 27.16 | 3.80 | [19.57 · 23.37 , 30.96 · 34.76] |
|
-0.18 σ |
Fair
|
| Last 7Y | 28.00 | 4.15 | [19.69 · 23.85 , 32.15 · 36.31] |
|
-0.36 σ |
Fair
|
| Last 8Y | 27.14 | 4.31 | [18.52 · 22.83 , 31.45 · 35.76] |
|
-0.15 σ |
Fair
|
| Last 9Y | 26.57 | 4.15 | [18.27 · 22.42 , 30.72 · 34.86] |
|
-0.02 σ |
Fair
|
| Last 10Y | 26.04 | 4.22 | [17.61 · 21.82 , 30.26 · 34.47] |
|
+0.11 σ |
Fair
|
| Last 11Y | 25.31 | 4.16 | [16.98 · 21.14 , 29.47 · 33.63] |
|
+0.29 σ |
Fair
|
| Last 12Y | 24.72 | 4.18 | [16.35 · 20.54 , 28.90 · 33.08] |
|
+0.43 σ |
Fair
|
| Last 13Y | 24.07 | 4.14 | [15.79 · 19.93 , 28.20 · 32.34] |
|
+0.59 σ |
Fair
|
| Last 14Y | 23.51 | 4.20 | [15.11 · 19.31 , 27.71 · 31.91] |
|
+0.71 σ |
Fair
|
| Last 15Y | 22.89 | 4.66 | [13.56 · 18.23 , 27.55 · 32.21] |
|
+0.78 σ |
Fair
|
| Last 16Y | 22.13 | 4.87 | [12.39 · 17.26 , 27.00 · 31.87] |
|
+0.90 σ |
Fair
|
| Last 17Y | 21.46 | 5.14 | [11.19 · 16.32 , 26.60 · 31.73] |
|
+0.98 σ |
Fair
|
| Last 18Y | 20.93 | 5.08 | [10.78 · 15.86 , 26.01 · 31.09] |
|
+1.10 σ |
Overvalued
|
| Last 19Y | 20.47 | 5.12 | [10.22 · 15.35 , 25.59 · 30.72] |
|
+1.18 σ |
Overvalued
|
| Last 20Y | 20.18 | 5.14 | [9.90 · 15.04 , 25.32 · 30.46] |
|
+1.23 σ |
Overvalued
|
P/E Comparison
How is the New Zealand 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 | |||
|
|
New Zealand | 26.50 |
|
-0.79 σ | -0.22 σ | +0.11 σ | +1.23 σ | |
| All World | 21.23 |
|
+1.22 σ | +2.21 σ | +3.28 σ | +4.17 σ | ||
| Developed ex-US | 17.36 |
|
+2.18 σ | +1.78 σ | +3.01 σ | +3.38 σ | ||
New Zealand Stock Market Trend
Trend is evaluated considering the price of the ENZL Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -5.50% | 21 Feb | |
| Short Term | Price vs SMA50 | -2.45% | 21 Feb |
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.