South Africa Stock Market: current P/E Ratio

10.72
Last update: 26 July 2024

The estimated P/E Ratio for South Africa Stock Market is 10.72, calculated on 26 July 2024.

Considering the last 5 years, an average P/E interval is [9.15 , 10.97]. 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.

26 July 2024 · P/E Ratio: 10.72
26 July 2024 · P/E Ratio: 10.72 · 1Y Average: 10.46 · 1 Std Dev range: [10.12 , 10.80] · 2 Std Dev range: [9.78 , 11.14]
26 July 2024 · P/E Ratio: 10.72 · 5Y Average: 10.06 · 1 Std Dev range: [9.15 , 10.97] · 2 Std Dev range: [8.24 , 11.88]
26 July 2024 · P/E Ratio: 10.72 · 10Y Average: 12.39 · 1 Std Dev range: [10.30 , 14.49] · 2 Std Dev range: [8.21 , 16.58]
26 July 2024 · P/E Ratio: 10.72 · 20Y Average: 11.58 · 1 Std Dev range: [9.99 , 13.18] · 2 Std Dev range: [8.39 , 14.78]
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".
26 July 2024 · P/E Ratio: 10.72 · 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
( 10.72 )		 Deviation
vs μ		 Valuation
Last 1Y 10.46 0.34 [9.78 · 10.12 , 10.80 · 11.14]
+0.77 σ
Fair
Last 2Y 9.51 0.84 [7.82 · 8.66 , 10.35 · 11.19]
+1.44 σ
Overvalued
Last 3Y 9.33 0.70 [7.93 · 8.63 , 10.03 · 10.73]
+1.99 σ
Overvalued
Last 4Y 9.71 0.78 [8.14 · 8.93 , 10.50 · 11.28]
+1.28 σ
Overvalued
Last 5Y 10.06 0.91 [8.24 · 9.15 , 10.97 · 11.88]
+0.72 σ
Fair
Last 6Y 10.48 1.16 [8.15 · 9.31 , 11.64 · 12.80]
+0.21 σ
Fair
Last 7Y 11.09 1.69 [7.72 · 9.41 , 12.78 · 14.47]
-0.22 σ
Fair
Last 8Y 11.57 1.93 [7.71 · 9.64 , 13.50 · 15.43]
-0.44 σ
Fair
Last 9Y 11.97 2.03 [7.91 · 9.94 , 14.00 · 16.03]
-0.62 σ
Fair
Last 10Y 12.39 2.09 [8.21 · 10.30 , 14.49 · 16.58]
-0.80 σ
Fair
Last 11Y 12.53 1.99 [8.55 · 10.54 , 14.52 · 16.51]
-0.91 σ
Fair
Last 12Y 12.46 1.88 [8.70 · 10.58 , 14.34 · 16.21]
-0.93 σ
Fair
Last 13Y 12.23 1.86 [8.50 · 10.37 , 14.09 · 15.96]
-0.81 σ
Fair
Last 14Y 12.13 1.78 [8.56 · 10.35 , 13.92 · 15.70]
-0.79 σ
Fair
Last 15Y 12.09 1.72 [8.66 · 10.37 , 13.81 · 15.53]
-0.80 σ
Fair
Last 16Y 11.85 1.78 [8.28 · 10.07 , 13.63 · 15.42]
-0.63 σ
Fair
Last 17Y 11.77 1.74 [8.29 · 10.03 , 13.50 · 15.24]
-0.60 σ
Fair
Last 18Y 11.71 1.65 [8.41 · 10.06 , 13.37 · 15.02]
-0.60 σ
Fair
Last 19Y 11.67 1.59 [8.49 · 10.08 , 13.27 · 14.86]
-0.60 σ
Fair
Last 20Y 11.58 1.60 [8.39 · 9.99 , 13.18 · 14.78]
-0.54 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 10.72
+0.77 σ +0.72 σ -0.80 σ -0.54 σ
All World 20.34
+2.49 σ +2.12 σ +3.43 σ +4.13 σ
Emerging Markets 13.91
+1.88 σ +0.33 σ +0.85 σ +1.14 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 +9.06% 26 Jul
Short Term Price vs SMA50 +2.25% 26 Jul
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.