Singapore Stock Market: current P/E Ratio

11.21
Last update: 22 April 2024

The estimated P/E Ratio for Singapore Stock Market is 11.21, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [12.06 , 14.40]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the EWS Etf, whose benchmark is the Singapore 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 Singapore 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: 11.21
22 April 2024 · P/E Ratio: 11.21 · 1Y Average: 10.90 · 1 Std Dev range: [10.47 , 11.34] · 2 Std Dev range: [10.04 , 11.77]
22 April 2024 · P/E Ratio: 11.21 · 5Y Average: 13.23 · 1 Std Dev range: [12.06 , 14.40] · 2 Std Dev range: [10.89 , 15.57]
22 April 2024 · P/E Ratio: 11.21 · 10Y Average: 13.03 · 1 Std Dev range: [12.14 , 13.92] · 2 Std Dev range: [11.25 , 14.82]
22 April 2024 · P/E Ratio: 11.21 · 20Y Average: 13.34 · 1 Std Dev range: [12.51 , 14.17] · 2 Std Dev range: [11.67 , 15.01]
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: 11.21 · 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
( 11.21 )
Deviation
vs μ
Valuation
Last 1Y 10.90 0.43 [10.04 · 10.47 , 11.34 · 11.77]
+0.71 σ
Fair
Last 2Y 12.38 1.52 [9.34 · 10.86 , 13.90 · 15.43]
-0.77 σ
Fair
Last 3Y 13.10 1.45 [10.20 · 11.65 , 14.55 · 16.00]
-1.30 σ
Undervalued
Last 4Y 13.40 1.28 [10.84 · 12.12 , 14.68 · 15.96]
-1.71 σ
Undervalued
Last 5Y 13.23 1.17 [10.89 · 12.06 , 14.40 · 15.57]
-1.73 σ
Undervalued
Last 6Y 13.00 1.09 [10.82 · 11.91 , 14.09 · 15.18]
-1.65 σ
Undervalued
Last 7Y 13.16 1.01 [11.13 · 12.15 , 14.18 · 15.19]
-1.92 σ
Undervalued
Last 8Y 13.08 0.93 [11.22 · 12.15 , 14.01 · 14.94]
-2.01 σ
Cheap
Last 9Y 12.94 0.97 [11.00 · 11.97 , 13.91 · 14.88]
-1.78 σ
Undervalued
Last 10Y 13.03 0.89 [11.25 · 12.14 , 13.92 · 14.82]
-2.04 σ
Cheap
Last 11Y 13.07 0.84 [11.39 · 12.23 , 13.92 · 14.76]
-2.21 σ
Cheap
Last 12Y 13.07 0.81 [11.45 · 12.26 , 13.88 · 14.70]
-2.30 σ
Cheap
Last 13Y 13.04 0.79 [11.46 · 12.25 , 13.83 · 14.62]
-2.32 σ
Cheap
Last 14Y 13.10 0.78 [11.54 · 12.32 , 13.88 · 14.66]
-2.42 σ
Cheap
Last 15Y 13.23 0.82 [11.59 · 12.41 , 14.04 · 14.86]
-2.46 σ
Cheap
Last 16Y 13.13 0.86 [11.41 · 12.27 , 14.00 · 14.86]
-2.23 σ
Cheap
Last 17Y 13.22 0.89 [11.44 · 12.33 , 14.11 · 15.00]
-2.26 σ
Cheap
Last 18Y 13.29 0.90 [11.49 · 12.39 , 14.19 · 15.09]
-2.31 σ
Cheap
Last 19Y 13.33 0.87 [11.59 · 12.46 , 14.20 · 15.07]
-2.43 σ
Cheap
Last 20Y 13.34 0.83 [11.67 · 12.51 , 14.17 · 15.01]
-2.55 σ
Cheap

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Singapore 11.21
+0.71 σ -1.73 σ -2.04 σ -2.55 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

Singapore Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +1.48% 22 Apr
Short Term Price vs SMA50 +1.83% 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.