New Zealand Stock Market: current P/E Ratio

28.64
Last update: 22 April 2024

The estimated P/E Ratio for New Zealand Stock Market is 28.64, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [22.78 , 31.30]. 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.

22 April 2024 · P/E Ratio: 28.64
22 April 2024 · P/E Ratio: 28.64 · 1Y Average: 20.40 · 1 Std Dev range: [17.84 , 22.96] · 2 Std Dev range: [15.28 , 25.52]
22 April 2024 · P/E Ratio: 28.64 · 5Y Average: 27.04 · 1 Std Dev range: [22.78 , 31.30] · 2 Std Dev range: [18.51 , 35.56]
22 April 2024 · P/E Ratio: 28.64 · 10Y Average: 25.14 · 1 Std Dev range: [20.87 , 29.42] · 2 Std Dev range: [16.59 , 33.69]
22 April 2024 · P/E Ratio: 28.64 · 20Y Average: 19.45 · 1 Std Dev range: [14.60 , 24.31] · 2 Std Dev range: [9.74 , 29.16]
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: 28.64 · 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
( 28.64 )
Deviation
vs μ
Valuation
Last 1Y 20.40 2.56 [15.28 · 17.84 , 22.96 · 25.52]
+3.22 σ
Expensive
Last 2Y 23.06 4.45 [14.16 · 18.61 , 27.51 · 31.96]
+1.25 σ
Overvalued
Last 3Y 24.19 4.13 [15.94 · 20.06 , 28.32 · 32.44]
+1.08 σ
Overvalued
Last 4Y 26.65 5.13 [16.38 · 21.52 , 31.79 · 36.92]
+0.39 σ
Fair
Last 5Y 27.04 4.26 [18.51 · 22.78 , 31.30 · 35.56]
+0.38 σ
Fair
Last 6Y 27.58 4.38 [18.82 · 23.20 , 31.96 · 36.33]
+0.24 σ
Fair
Last 7Y 27.24 4.55 [18.15 · 22.70 , 31.79 · 36.34]
+0.31 σ
Fair
Last 8Y 26.34 4.33 [17.67 · 22.01 , 30.68 · 35.01]
+0.53 σ
Fair
Last 9Y 25.64 4.24 [17.15 · 21.39 , 29.88 · 34.13]
+0.71 σ
Fair
Last 10Y 25.14 4.27 [16.59 · 20.87 , 29.42 · 33.69]
+0.82 σ
Fair
Last 11Y 24.42 4.14 [16.14 · 20.28 , 28.56 · 32.71]
+1.02 σ
Overvalued
Last 12Y 23.86 4.11 [15.63 · 19.74 , 27.97 · 32.08]
+1.16 σ
Overvalued
Last 13Y 23.19 4.03 [15.13 · 19.16 , 27.23 · 31.26]
+1.35 σ
Overvalued
Last 14Y 22.42 4.43 [13.57 · 17.99 , 26.85 · 31.28]
+1.40 σ
Overvalued
Last 15Y 21.86 4.74 [12.39 · 17.13 , 26.60 · 31.34]
+1.43 σ
Overvalued
Last 16Y 21.10 4.93 [11.25 · 16.18 , 26.03 · 30.96]
+1.53 σ
Overvalued
Last 17Y 20.62 4.95 [10.71 · 15.66 , 25.57 · 30.52]
+1.62 σ
Overvalued
Last 18Y 20.09 4.90 [10.28 · 15.19 , 25.00 · 29.90]
+1.74 σ
Overvalued
Last 19Y 19.70 4.87 [9.95 · 14.83 , 24.57 · 29.44]
+1.84 σ
Overvalued
Last 20Y 19.45 4.86 [9.74 · 14.60 , 24.31 · 29.16]
+1.89 σ
Overvalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
New Zealand 28.64
+3.22 σ +0.38 σ +0.82 σ +1.89 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Developed ex-US 14.67
+2.53 σ +0.16 σ +0.51 σ +1.03 σ

New Zealand Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -3.31% 22 Apr
Short Term Price vs SMA50 -2.05% 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.