26.55
Last update: 20 November 2024
The estimated P/E Ratio for New Zealand Stock Market is 26.55, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [22.90 , 31.66]. 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.
20 November 2024 · P/E Ratio: 26.55
20 November 2024 · P/E Ratio: 26.55 ·
1Y Average: 26.48 ·
1 Std Dev range: [24.97 , 27.98] ·
2 Std Dev range: [23.47 , 29.48]
20 November 2024 · P/E Ratio: 26.55 ·
5Y Average: 27.28 ·
1 Std Dev range: [22.90 , 31.66] ·
2 Std Dev range: [18.51 , 36.05]
20 November 2024 · P/E Ratio: 26.55 ·
10Y Average: 25.70 ·
1 Std Dev range: [21.53 , 29.88] ·
2 Std Dev range: [17.35 , 34.06]
20 November 2024 · P/E Ratio: 26.55 ·
20Y Average: 19.94 ·
1 Std Dev range: [14.92 , 24.95] ·
2 Std Dev range: [9.90 , 29.97]
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".
20 November 2024 · P/E Ratio: 26.55 · 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 ( 26.55 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 26.48 | 1.50 | [23.47 · 24.97 , 27.98 · 29.48] |
|
+0.05 σ |
Fair
|
| Last 2Y | 23.26 | 3.98 | [15.30 · 19.28 , 27.25 · 31.23] |
|
+0.82 σ |
Fair
|
| Last 3Y | 23.92 | 3.94 | [16.03 · 19.97 , 27.86 · 31.81] |
|
+0.67 σ |
Fair
|
| Last 4Y | 25.82 | 4.33 | [17.16 · 21.49 , 30.15 · 34.48] |
|
+0.17 σ |
Fair
|
| Last 5Y | 27.28 | 4.38 | [18.52 · 22.90 , 31.66 · 36.05] |
|
-0.17 σ |
Fair
|
| Last 6Y | 26.84 | 3.73 | [19.39 · 23.12 , 30.57 · 34.30] |
|
-0.08 σ |
Fair
|
| Last 7Y | 27.86 | 4.26 | [19.35 · 23.60 , 32.12 · 36.38] |
|
-0.31 σ |
Fair
|
| Last 8Y | 26.73 | 4.35 | [18.03 · 22.38 , 31.08 · 35.43] |
|
-0.04 σ |
Fair
|
| Last 9Y | 26.23 | 4.10 | [18.04 · 22.13 , 30.33 · 34.43] |
|
+0.08 σ |
Fair
|
| Last 10Y | 25.70 | 4.18 | [17.35 · 21.53 , 29.88 · 34.06] |
|
+0.20 σ |
Fair
|
| Last 11Y | 24.98 | 4.09 | [16.79 · 20.89 , 29.07 · 33.16] |
|
+0.38 σ |
Fair
|
| Last 12Y | 24.41 | 4.08 | [16.25 · 20.33 , 28.49 · 32.57] |
|
+0.52 σ |
Fair
|
| Last 13Y | 23.75 | 4.03 | [15.69 · 19.72 , 27.79 · 31.82] |
|
+0.69 σ |
Fair
|
| Last 14Y | 23.17 | 4.15 | [14.87 · 19.02 , 27.32 · 31.47] |
|
+0.81 σ |
Fair
|
| Last 15Y | 22.53 | 4.64 | [13.25 · 17.89 , 27.17 · 31.81] |
|
+0.87 σ |
Fair
|
| Last 16Y | 21.78 | 4.84 | [12.11 · 16.94 , 26.62 · 31.45] |
|
+0.99 σ |
Fair
|
| Last 17Y | 21.16 | 5.05 | [11.05 · 16.10 , 26.21 · 31.26] |
|
+1.07 σ |
Overvalued
|
| Last 18Y | 20.66 | 4.98 | [10.70 · 15.68 , 25.64 · 30.62] |
|
+1.18 σ |
Overvalued
|
| Last 19Y | 20.20 | 5.03 | [10.15 · 15.18 , 25.23 · 30.25] |
|
+1.26 σ |
Overvalued
|
| Last 20Y | 19.94 | 5.02 | [9.90 · 14.92 , 24.95 · 29.97] |
|
+1.32 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 | 26.55 |
|
+0.05 σ | -0.17 σ | +0.20 σ | +1.32 σ | |
| All World | 21.24 |
|
+1.65 σ | +2.51 σ | +3.63 σ | +4.41 σ | ||
| Developed ex-US | 15.95 |
|
+0.98 σ | +0.84 σ | +1.69 σ | +2.16 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 | +1.09% | 20 Nov | |
| Short Term | Price vs SMA50 | -2.89% | 20 Nov |
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.