29.30
Last update: 17 May 2024
The estimated P/E Ratio for New Zealand Stock Market is 29.30, calculated on 17 May 2024.
Considering the last 5 years, an average P/E interval is [22.82 , 31.35]. 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.
17 May 2024 · P/E Ratio: 29.30
17 May 2024 · P/E Ratio: 29.30 ·
1Y Average: 21.16 ·
1 Std Dev range: [18.08 , 24.23] ·
2 Std Dev range: [15.00 , 27.31]
17 May 2024 · P/E Ratio: 29.30 ·
5Y Average: 27.08 ·
1 Std Dev range: [22.82 , 31.35] ·
2 Std Dev range: [18.55 , 35.62]
17 May 2024 · P/E Ratio: 29.30 ·
10Y Average: 25.22 ·
1 Std Dev range: [20.94 , 29.49] ·
2 Std Dev range: [16.67 , 33.76]
17 May 2024 · P/E Ratio: 29.30 ·
20Y Average: 19.53 ·
1 Std Dev range: [14.64 , 24.41] ·
2 Std Dev range: [9.75 , 29.30]
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 May 2024 · P/E Ratio: 29.30 · 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 ( 29.30 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 21.16 | 3.08 | [15.00 · 18.08 , 24.23 · 27.31] |
|
+2.65 σ |
Expensive
|
| Last 2Y | 23.49 | 4.57 | [14.35 · 18.92 , 28.06 · 32.63] |
|
+1.27 σ |
Overvalued
|
| Last 3Y | 24.14 | 4.06 | [16.02 · 20.08 , 28.20 · 32.26] |
|
+1.27 σ |
Overvalued
|
| Last 4Y | 26.69 | 5.14 | [16.41 · 21.55 , 31.84 · 36.98] |
|
+0.51 σ |
Fair
|
| Last 5Y | 27.08 | 4.27 | [18.55 · 22.82 , 31.35 · 35.62] |
|
+0.52 σ |
Fair
|
| Last 6Y | 27.43 | 4.19 | [19.04 · 23.23 , 31.62 · 35.81] |
|
+0.45 σ |
Fair
|
| Last 7Y | 27.38 | 4.44 | [18.49 · 22.94 , 31.83 · 36.27] |
|
+0.43 σ |
Fair
|
| Last 8Y | 26.40 | 4.33 | [17.73 · 22.07 , 30.74 · 35.07] |
|
+0.67 σ |
Fair
|
| Last 9Y | 25.73 | 4.23 | [17.27 · 21.50 , 29.95 · 34.18] |
|
+0.85 σ |
Fair
|
| Last 10Y | 25.22 | 4.27 | [16.67 · 20.94 , 29.49 · 33.76] |
|
+0.96 σ |
Fair
|
| Last 11Y | 24.49 | 4.15 | [16.19 · 20.34 , 28.64 · 32.79] |
|
+1.16 σ |
Overvalued
|
| Last 12Y | 23.94 | 4.11 | [15.73 · 19.84 , 28.05 · 32.15] |
|
+1.30 σ |
Overvalued
|
| Last 13Y | 23.28 | 4.03 | [15.22 · 19.25 , 27.31 · 31.34] |
|
+1.49 σ |
Overvalued
|
| Last 14Y | 22.53 | 4.40 | [13.74 · 18.14 , 26.93 · 31.33] |
|
+1.54 σ |
Overvalued
|
| Last 15Y | 21.97 | 4.72 | [12.53 · 17.25 , 26.69 · 31.41] |
|
+1.55 σ |
Overvalued
|
| Last 16Y | 21.21 | 4.92 | [11.37 · 16.29 , 26.13 · 31.05] |
|
+1.65 σ |
Overvalued
|
| Last 17Y | 20.70 | 4.97 | [10.75 · 15.73 , 25.67 · 30.64] |
|
+1.73 σ |
Overvalued
|
| Last 18Y | 20.17 | 4.93 | [10.30 · 15.24 , 25.10 · 30.04] |
|
+1.85 σ |
Overvalued
|
| Last 19Y | 19.77 | 4.90 | [9.97 · 14.87 , 24.68 · 29.58] |
|
+1.94 σ |
Overvalued
|
| Last 20Y | 19.53 | 4.89 | [9.75 · 14.64 , 24.41 · 29.30] |
|
+2.00 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 | 29.30 |
|
+2.65 σ | +0.52 σ | +0.96 σ | +2.00 σ | |
| All World | 21.20 |
|
+5.06 σ | +2.85 σ | +4.34 σ | +4.88 σ | ||
| Developed ex-US | 16.25 |
|
+5.25 σ | +1.42 σ | +2.44 σ | +2.45 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 | +1.06% | 17 May | |
| Short Term | Price vs SMA50 | +1.73% | 17 May |
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.