19.43
Last update: 03 May 2024
The estimated P/E Ratio for Taiwan Stock Market is 19.43, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [13.39 , 16.82]. For this reason, the current P/E can be considered Expensive
P/E Ratio is calculated on the EWT Etf, whose benchmark is the Taiwan 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 Taiwan Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
03 May 2024 · P/E Ratio: 19.43
03 May 2024 · P/E Ratio: 19.43 ·
1Y Average: 16.33 ·
1 Std Dev range: [15.14 , 17.51] ·
2 Std Dev range: [13.95 , 18.70]
03 May 2024 · P/E Ratio: 19.43 ·
5Y Average: 15.10 ·
1 Std Dev range: [13.39 , 16.82] ·
2 Std Dev range: [11.67 , 18.53]
03 May 2024 · P/E Ratio: 19.43 ·
10Y Average: 13.93 ·
1 Std Dev range: [12.59 , 15.26] ·
2 Std Dev range: [11.25 , 16.60]
03 May 2024 · P/E Ratio: 19.43 ·
20Y Average: 13.42 ·
1 Std Dev range: [12.14 , 14.70] ·
2 Std Dev range: [10.86 , 15.99]
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".
03 May 2024 · P/E Ratio: 19.43 · Last Periods metrics
Show all periods
Swipe left to see all data
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 ( 19.43 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 16.33 | 1.19 | [13.95 · 15.14 , 17.51 · 18.70] |
|
+2.61 σ |
Expensive
|
| Last 2Y | 13.36 | 2.51 | [8.34 · 10.85 , 15.87 · 18.38] |
|
+2.42 σ |
Expensive
|
| Last 3Y | 13.88 | 1.99 | [9.90 · 11.89 , 15.86 · 17.85] |
|
+2.80 σ |
Expensive
|
| Last 4Y | 14.84 | 2.12 | [10.61 · 12.73 , 16.96 · 19.08] |
|
+2.17 σ |
Expensive
|
| Last 5Y | 15.10 | 1.72 | [11.67 · 13.39 , 16.82 · 18.53] |
|
+2.52 σ |
Expensive
|
| Last 6Y | 14.70 | 1.60 | [11.51 · 13.11 , 16.30 · 17.90] |
|
+2.96 σ |
Expensive
|
| Last 7Y | 14.53 | 1.44 | [11.65 · 13.09 , 15.97 · 17.40] |
|
+3.41 σ |
Expensive
|
| Last 8Y | 14.27 | 1.33 | [11.60 · 12.94 , 15.60 · 16.93] |
|
+3.88 σ |
Expensive
|
| Last 9Y | 13.94 | 1.44 | [11.07 · 12.51 , 15.38 · 16.82] |
|
+3.82 σ |
Expensive
|
| Last 10Y | 13.93 | 1.34 | [11.25 · 12.59 , 15.26 · 16.60] |
|
+4.12 σ |
Expensive
|
| Last 11Y | 13.88 | 1.20 | [11.49 · 12.69 , 15.08 · 16.27] |
|
+4.64 σ |
Expensive
|
| Last 12Y | 13.87 | 1.11 | [11.65 · 12.76 , 14.99 · 16.10] |
|
+4.99 σ |
Expensive
|
| Last 13Y | 13.77 | 1.08 | [11.61 · 12.69 , 14.85 · 15.93] |
|
+5.25 σ |
Expensive
|
| Last 14Y | 13.62 | 1.10 | [11.42 · 12.52 , 14.72 · 15.82] |
|
+5.28 σ |
Expensive
|
| Last 15Y | 13.83 | 1.24 | [11.36 · 12.59 , 15.07 · 16.30] |
|
+4.53 σ |
Expensive
|
| Last 16Y | 13.85 | 1.32 | [11.20 · 12.53 , 15.17 · 16.49] |
|
+4.23 σ |
Expensive
|
| Last 17Y | 13.74 | 1.30 | [11.15 · 12.45 , 15.04 · 16.33] |
|
+4.39 σ |
Expensive
|
| Last 18Y | 13.63 | 1.25 | [11.14 · 12.39 , 14.88 · 16.12] |
|
+4.66 σ |
Expensive
|
| Last 19Y | 13.52 | 1.24 | [11.04 · 12.28 , 14.76 · 16.00] |
|
+4.77 σ |
Expensive
|
| Last 20Y | 13.42 | 1.28 | [10.86 · 12.14 , 14.70 · 15.99] |
|
+4.69 σ |
Expensive
|
P/E Comparison
How is the Taiwan 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 | |||
|
|
Taiwan | 19.43 |
|
+2.61 σ | +2.52 σ | +4.12 σ | +4.69 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
| Emerging Markets | 14.10 |
|
+3.63 σ | +0.49 σ | +1.11 σ | +1.33 σ | ||
Taiwan Stock Market Trend
Trend is evaluated considering the price of the EWT Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +4.84% | 03 May | |
| Short Term | Price vs SMA50 | +1.71% | 03 May |
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.