13.44
Last update: 20 November 2024
The estimated P/E Ratio for South Africa Stock Market is 13.44, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [9.15 , 10.95]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the EZA Etf, whose benchmark is the South Africa 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 South Africa 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: 13.44
20 November 2024 · P/E Ratio: 13.44 ·
1Y Average: 11.29 ·
1 Std Dev range: [10.26 , 12.31] ·
2 Std Dev range: [9.24 , 13.33]
20 November 2024 · P/E Ratio: 13.44 ·
5Y Average: 10.05 ·
1 Std Dev range: [9.15 , 10.95] ·
2 Std Dev range: [8.25 , 11.85]
20 November 2024 · P/E Ratio: 13.44 ·
10Y Average: 12.35 ·
1 Std Dev range: [10.27 , 14.43] ·
2 Std Dev range: [8.20 , 16.51]
20 November 2024 · P/E Ratio: 13.44 ·
20Y Average: 11.67 ·
1 Std Dev range: [10.08 , 13.26] ·
2 Std Dev range: [8.49 , 14.85]
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: 13.44 · 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 ( 13.44 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 11.29 | 1.02 | [9.24 · 10.26 , 12.31 · 13.33] |
|
+2.10 σ |
Expensive
|
| Last 2Y | 10.16 | 0.85 | [8.45 · 9.30 , 11.01 · 11.86] |
|
+3.85 σ |
Expensive
|
| Last 3Y | 9.56 | 0.88 | [7.80 · 8.68 , 10.44 · 11.32] |
|
+4.40 σ |
Expensive
|
| Last 4Y | 9.75 | 0.84 | [8.08 · 8.92 , 10.59 · 11.42] |
|
+4.41 σ |
Expensive
|
| Last 5Y | 10.05 | 0.90 | [8.25 · 9.15 , 10.95 · 11.85] |
|
+3.76 σ |
Expensive
|
| Last 6Y | 10.47 | 1.16 | [8.14 · 9.31 , 11.64 · 12.80] |
|
+2.55 σ |
Expensive
|
| Last 7Y | 11.01 | 1.56 | [7.88 · 9.45 , 12.57 · 14.14] |
|
+1.55 σ |
Overvalued
|
| Last 8Y | 11.49 | 1.85 | [7.79 · 9.64 , 13.34 · 15.19] |
|
+1.05 σ |
Overvalued
|
| Last 9Y | 11.90 | 1.97 | [7.96 · 9.93 , 13.87 · 15.84] |
|
+0.78 σ |
Fair
|
| Last 10Y | 12.35 | 2.08 | [8.20 · 10.27 , 14.43 · 16.51] |
|
+0.52 σ |
Fair
|
| Last 11Y | 12.51 | 2.00 | [8.52 · 10.52 , 14.51 · 16.51] |
|
+0.46 σ |
Fair
|
| Last 12Y | 12.54 | 1.88 | [8.78 · 10.66 , 14.42 · 16.30] |
|
+0.48 σ |
Fair
|
| Last 13Y | 12.34 | 1.84 | [8.65 · 10.49 , 14.18 · 16.02] |
|
+0.60 σ |
Fair
|
| Last 14Y | 12.20 | 1.80 | [8.60 · 10.40 , 14.00 · 15.80] |
|
+0.69 σ |
Fair
|
| Last 15Y | 12.15 | 1.74 | [8.68 · 10.42 , 13.89 · 15.62] |
|
+0.74 σ |
Fair
|
| Last 16Y | 11.96 | 1.75 | [8.47 · 10.22 , 13.71 · 15.46] |
|
+0.84 σ |
Fair
|
| Last 17Y | 11.81 | 1.76 | [8.29 · 10.05 , 13.57 · 15.34] |
|
+0.92 σ |
Fair
|
| Last 18Y | 11.78 | 1.67 | [8.44 · 10.11 , 13.45 · 15.12] |
|
+0.99 σ |
Fair
|
| Last 19Y | 11.73 | 1.61 | [8.51 · 10.12 , 13.35 · 14.96] |
|
+1.06 σ |
Overvalued
|
| Last 20Y | 11.67 | 1.59 | [8.49 · 10.08 , 13.26 · 14.85] |
|
+1.11 σ |
Overvalued
|
P/E Comparison
How is the South Africa 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 | |||
|
|
South Africa | 13.44 |
|
+2.10 σ | +3.76 σ | +0.52 σ | +1.11 σ | |
| All World | 21.24 |
|
+1.65 σ | +2.51 σ | +3.63 σ | +4.41 σ | ||
| Emerging Markets | 14.18 |
|
+0.77 σ | +0.36 σ | +0.96 σ | +1.29 σ | ||
South Africa Stock Market Trend
Trend is evaluated considering the price of the EZA Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +8.77% | 20 Nov | |
| Short Term | Price vs SMA50 | -3.34% | 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.