South Africa Stock Market: current P/E Ratio

10.11
Last update: 22 April 2024

The estimated P/E Ratio for South Africa Stock Market is 10.11, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [9.13 , 11.08]. For this reason, the current P/E can be considered Fair

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.

22 April 2024 · P/E Ratio: 10.11
22 April 2024 · P/E Ratio: 10.11 · 1Y Average: 9.96 · 1 Std Dev range: [9.43 , 10.48] · 2 Std Dev range: [8.91 , 11.00]
22 April 2024 · P/E Ratio: 10.11 · 5Y Average: 10.11 · 1 Std Dev range: [9.13 , 11.08] · 2 Std Dev range: [8.15 , 12.06]
22 April 2024 · P/E Ratio: 10.11 · 10Y Average: 12.49 · 1 Std Dev range: [10.39 , 14.59] · 2 Std Dev range: [8.28 , 16.70]
22 April 2024 · P/E Ratio: 10.11 · 20Y Average: 11.55 · 1 Std Dev range: [9.93 , 13.18] · 2 Std Dev range: [8.30 , 14.80]
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: 10.11 · 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
( 10.11 )
Deviation
vs μ
Valuation
Last 1Y 9.96 0.52 [8.91 · 9.43 , 10.48 · 11.00]
+0.30 σ
Fair
Last 2Y 9.16 0.81 [7.55 · 8.36 , 9.97 · 10.78]
+1.17 σ
Overvalued
Last 3Y 9.31 0.67 [7.96 · 8.64 , 9.99 · 10.66]
+1.18 σ
Overvalued
Last 4Y 9.69 0.77 [8.14 · 8.91 , 10.46 · 11.23]
+0.55 σ
Fair
Last 5Y 10.11 0.98 [8.15 · 9.13 , 11.08 · 12.06]
+0.00 σ
Fair
Last 6Y 10.58 1.30 [7.97 · 9.28 , 11.89 · 13.19]
-0.36 σ
Fair
Last 7Y 11.26 1.86 [7.54 · 9.40 , 13.13 · 14.99]
-0.62 σ
Fair
Last 8Y 11.70 2.00 [7.69 · 9.70 , 13.70 · 15.70]
-0.79 σ
Fair
Last 9Y 12.11 2.11 [7.90 · 10.00 , 14.22 · 16.33]
-0.95 σ
Fair
Last 10Y 12.49 2.10 [8.28 · 10.39 , 14.59 · 16.70]
-1.13 σ
Undervalued
Last 11Y 12.56 1.98 [8.61 · 10.59 , 14.54 · 16.51]
-1.24 σ
Undervalued
Last 12Y 12.45 1.89 [8.67 · 10.56 , 14.33 · 16.22]
-1.24 σ
Undervalued
Last 13Y 12.23 1.87 [8.49 · 10.36 , 14.09 · 15.96]
-1.13 σ
Undervalued
Last 14Y 12.12 1.79 [8.53 · 10.33 , 13.92 · 15.71]
-1.12 σ
Undervalued
Last 15Y 12.06 1.75 [8.57 · 10.32 , 13.81 · 15.56]
-1.12 σ
Undervalued
Last 16Y 11.82 1.81 [8.20 · 10.01 , 13.63 · 15.44]
-0.95 σ
Fair
Last 17Y 11.78 1.73 [8.31 · 10.05 , 13.52 · 15.25]
-0.96 σ
Fair
Last 18Y 11.72 1.66 [8.40 · 10.06 , 13.37 · 15.03]
-0.97 σ
Fair
Last 19Y 11.65 1.60 [8.44 · 10.05 , 13.26 · 14.86]
-0.96 σ
Fair
Last 20Y 11.55 1.63 [8.30 · 9.93 , 13.18 · 14.80]
-0.89 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
South Africa 10.11
+0.30 σ +0.00 σ -1.13 σ -0.89 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Emerging Markets 13.32
+2.01 σ -0.04 σ +0.27 σ +0.64 σ

South Africa Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -2.77% 22 Apr
Short Term Price vs SMA50 -0.92% 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.