34.44
Last update: 17 January 2025
The estimated P/E Ratio for New Zealand Stock Market is 34.44, calculated on 17 January 2025.
Considering the last 5 years, an average P/E interval is [22.94 , 31.84]. For this reason, the current P/E can be considered Overvalued
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.
17 January 2025 · P/E Ratio: 34.44
17 January 2025 · P/E Ratio: 34.44 ·
1Y Average: 27.24 ·
1 Std Dev range: [25.67 , 28.82] ·
2 Std Dev range: [24.09 , 30.40]
17 January 2025 · P/E Ratio: 34.44 ·
5Y Average: 27.39 ·
1 Std Dev range: [22.94 , 31.84] ·
2 Std Dev range: [18.49 , 36.29]
17 January 2025 · P/E Ratio: 34.44 ·
10Y Average: 25.91 ·
1 Std Dev range: [21.76 , 30.07] ·
2 Std Dev range: [17.60 , 34.23]
17 January 2025 · P/E Ratio: 34.44 ·
20Y Average: 20.09 ·
1 Std Dev range: [15.01 , 25.18] ·
2 Std Dev range: [9.92 , 30.26]
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".
17 January 2025 · P/E Ratio: 34.44 · 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 ( 34.44 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 27.24 | 1.58 | [24.09 · 25.67 , 28.82 · 30.40] |
|
+4.57 σ |
Expensive
|
| Last 2Y | 23.15 | 3.82 | [15.51 · 19.33 , 26.97 · 30.78] |
|
+2.96 σ |
Expensive
|
| Last 3Y | 24.13 | 4.12 | [15.89 · 20.01 , 28.25 · 32.36] |
|
+2.50 σ |
Expensive
|
| Last 4Y | 25.68 | 4.17 | [17.34 · 21.51 , 29.85 · 34.02] |
|
+2.10 σ |
Expensive
|
| Last 5Y | 27.39 | 4.45 | [18.50 · 22.94 , 31.84 · 36.29] |
|
+1.58 σ |
Overvalued
|
| Last 6Y | 26.97 | 3.72 | [19.52 · 23.24 , 30.69 · 34.41] |
|
+2.01 σ |
Expensive
|
| Last 7Y | 28.04 | 4.24 | [19.57 · 23.81 , 32.28 · 36.51] |
|
+1.51 σ |
Overvalued
|
| Last 8Y | 26.94 | 4.33 | [18.28 · 22.61 , 31.28 · 35.61] |
|
+1.73 σ |
Overvalued
|
| Last 9Y | 26.42 | 4.10 | [18.23 · 22.33 , 30.52 · 34.62] |
|
+1.96 σ |
Overvalued
|
| Last 10Y | 25.91 | 4.16 | [17.60 · 21.76 , 30.07 · 34.23] |
|
+2.05 σ |
Expensive
|
| Last 11Y | 25.17 | 4.10 | [16.97 · 21.07 , 29.27 · 33.38] |
|
+2.26 σ |
Expensive
|
| Last 12Y | 24.60 | 4.11 | [16.39 · 20.49 , 28.70 · 32.81] |
|
+2.40 σ |
Expensive
|
| Last 13Y | 23.94 | 4.07 | [15.81 · 19.88 , 28.01 · 32.07] |
|
+2.58 σ |
Expensive
|
| Last 14Y | 23.38 | 4.14 | [15.10 · 19.24 , 27.53 · 31.67] |
|
+2.67 σ |
Expensive
|
| Last 15Y | 22.75 | 4.63 | [13.50 · 18.12 , 27.38 · 32.00] |
|
+2.53 σ |
Expensive
|
| Last 16Y | 22.00 | 4.84 | [12.32 · 17.16 , 26.84 · 31.67] |
|
+2.57 σ |
Expensive
|
| Last 17Y | 21.34 | 5.10 | [11.15 · 16.25 , 26.44 · 31.54] |
|
+2.57 σ |
Expensive
|
| Last 18Y | 20.84 | 5.03 | [10.78 · 15.81 , 25.87 · 30.90] |
|
+2.70 σ |
Expensive
|
| Last 19Y | 20.37 | 5.08 | [10.21 · 15.29 , 25.45 · 30.53] |
|
+2.77 σ |
Expensive
|
| Last 20Y | 20.09 | 5.08 | [9.92 · 15.01 , 25.18 · 30.26] |
|
+2.82 σ |
Expensive
|
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 | 34.44 |
|
+4.57 σ | +1.58 σ | +2.05 σ | +2.82 σ | |
| All World | 21.60 |
|
+1.63 σ | +2.57 σ | +3.64 σ | +4.47 σ | ||
| Developed ex-US | 16.40 |
|
+1.32 σ | +1.13 σ | +2.10 σ | +2.54 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 | -2.75% | 17 Jan | |
| Short Term | Price vs SMA50 | -2.24% | 17 Jan |
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.