18.44
Last update: 20 November 2024
The estimated P/E Ratio for Taiwan Stock Market is 18.44, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [13.48 , 17.65]. For this reason, the current P/E can be considered Overvalued
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.
20 November 2024 · P/E Ratio: 18.44
20 November 2024 · P/E Ratio: 18.44 ·
1Y Average: 19.11 ·
1 Std Dev range: [17.88 , 20.34] ·
2 Std Dev range: [16.65 , 21.57]
20 November 2024 · P/E Ratio: 18.44 ·
5Y Average: 15.57 ·
1 Std Dev range: [13.48 , 17.65] ·
2 Std Dev range: [11.40 , 19.73]
20 November 2024 · P/E Ratio: 18.44 ·
10Y Average: 14.15 ·
1 Std Dev range: [12.56 , 15.74] ·
2 Std Dev range: [10.97 , 17.33]
20 November 2024 · P/E Ratio: 18.44 ·
20Y Average: 13.61 ·
1 Std Dev range: [12.21 , 15.00] ·
2 Std Dev range: [10.82 , 16.40]
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: 18.44 · 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 ( 18.44 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 19.11 | 1.23 | [16.65 · 17.88 , 20.34 · 21.57] |
|
-0.55 σ |
Fair
|
| Last 2Y | 15.95 | 3.06 | [9.83 · 12.89 , 19.01 · 22.07] |
|
+0.81 σ |
Fair
|
| Last 3Y | 14.48 | 2.71 | [9.07 · 11.77 , 17.19 · 19.90] |
|
+1.46 σ |
Overvalued
|
| Last 4Y | 15.20 | 2.49 | [10.22 · 12.71 , 17.70 · 20.19] |
|
+1.30 σ |
Overvalued
|
| Last 5Y | 15.57 | 2.08 | [11.40 · 13.48 , 17.65 · 19.73] |
|
+1.38 σ |
Overvalued
|
| Last 6Y | 15.22 | 1.87 | [11.48 · 13.35 , 17.09 · 18.96] |
|
+1.72 σ |
Overvalued
|
| Last 7Y | 14.93 | 1.73 | [11.48 · 13.20 , 16.65 · 18.38] |
|
+2.03 σ |
Expensive
|
| Last 8Y | 14.63 | 1.56 | [11.50 · 13.07 , 16.19 · 17.76] |
|
+2.44 σ |
Expensive
|
| Last 9Y | 14.34 | 1.57 | [11.19 · 12.76 , 15.91 · 17.48] |
|
+2.61 σ |
Expensive
|
| Last 10Y | 14.15 | 1.59 | [10.97 · 12.56 , 15.74 · 17.33] |
|
+2.70 σ |
Expensive
|
| Last 11Y | 14.09 | 1.40 | [11.28 · 12.68 , 15.49 · 16.90] |
|
+3.10 σ |
Expensive
|
| Last 12Y | 14.05 | 1.30 | [11.46 · 12.75 , 15.35 · 16.65] |
|
+3.38 σ |
Expensive
|
| Last 13Y | 13.98 | 1.19 | [11.60 · 12.79 , 15.18 · 16.37] |
|
+3.74 σ |
Expensive
|
| Last 14Y | 13.83 | 1.20 | [11.44 · 12.63 , 15.03 · 16.23] |
|
+3.84 σ |
Expensive
|
| Last 15Y | 13.83 | 1.24 | [11.36 · 12.59 , 15.07 · 16.30] |
|
+3.73 σ |
Expensive
|
| Last 16Y | 14.07 | 1.51 | [11.04 · 12.56 , 15.58 · 17.09] |
|
+2.89 σ |
Expensive
|
| Last 17Y | 13.92 | 1.50 | [10.93 · 12.42 , 15.42 · 16.92] |
|
+3.02 σ |
Expensive
|
| Last 18Y | 13.82 | 1.39 | [11.04 · 12.43 , 15.21 · 16.60] |
|
+3.32 σ |
Expensive
|
| Last 19Y | 13.69 | 1.39 | [10.91 · 12.30 , 15.07 · 16.46] |
|
+3.42 σ |
Expensive
|
| Last 20Y | 13.61 | 1.39 | [10.82 · 12.21 , 15.00 · 16.40] |
|
+3.46 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 | 18.44 |
|
-0.55 σ | +1.38 σ | +2.70 σ | +3.46 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 | ||
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 | +4.20% | 20 Nov | |
| Short Term | Price vs SMA50 | -1.68% | 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.