18.51
Last update: 26 July 2024
The estimated P/E Ratio for Taiwan Stock Market is 18.51, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [13.42 , 17.08]. 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.
26 July 2024 · P/E Ratio: 18.51
26 July 2024 · P/E Ratio: 18.51 ·
1Y Average: 17.29 ·
1 Std Dev range: [15.81 , 18.76] ·
2 Std Dev range: [14.34 , 20.24]
26 July 2024 · P/E Ratio: 18.51 ·
5Y Average: 15.25 ·
1 Std Dev range: [13.42 , 17.08] ·
2 Std Dev range: [11.59 , 18.91]
26 July 2024 · P/E Ratio: 18.51 ·
10Y Average: 13.99 ·
1 Std Dev range: [12.57 , 15.41] ·
2 Std Dev range: [11.16 , 16.82]
26 July 2024 · P/E Ratio: 18.51 ·
20Y Average: 13.48 ·
1 Std Dev range: [12.17 , 14.80] ·
2 Std Dev range: [10.85 , 16.11]
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".
26 July 2024 · P/E Ratio: 18.51 · 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 ( 18.51 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 17.29 | 1.48 | [14.34 · 15.81 , 18.76 · 20.24] |
|
+0.83 σ |
Fair
|
| Last 2Y | 14.06 | 2.92 | [8.22 · 11.14 , 16.98 · 19.90] |
|
+1.52 σ |
Overvalued
|
| Last 3Y | 13.96 | 2.10 | [9.75 · 11.86 , 16.06 · 18.17] |
|
+2.16 σ |
Expensive
|
| Last 4Y | 15.00 | 2.25 | [10.50 · 12.75 , 17.25 · 19.51] |
|
+1.56 σ |
Overvalued
|
| Last 5Y | 15.25 | 1.83 | [11.59 · 13.42 , 17.08 · 18.91] |
|
+1.78 σ |
Overvalued
|
| Last 6Y | 14.86 | 1.69 | [11.48 · 13.17 , 16.54 · 18.23] |
|
+2.16 σ |
Expensive
|
| Last 7Y | 14.66 | 1.51 | [11.64 · 13.15 , 16.17 · 17.67] |
|
+2.55 σ |
Expensive
|
| Last 8Y | 14.39 | 1.38 | [11.63 · 13.01 , 15.78 · 17.16] |
|
+2.98 σ |
Expensive
|
| Last 9Y | 14.05 | 1.50 | [11.05 · 12.55 , 15.55 · 17.05] |
|
+2.97 σ |
Expensive
|
| Last 10Y | 13.99 | 1.42 | [11.16 · 12.57 , 15.41 · 16.82] |
|
+3.19 σ |
Expensive
|
| Last 11Y | 13.93 | 1.26 | [11.41 · 12.67 , 15.20 · 16.46] |
|
+3.62 σ |
Expensive
|
| Last 12Y | 13.94 | 1.17 | [11.60 · 12.77 , 15.11 · 16.27] |
|
+3.91 σ |
Expensive
|
| Last 13Y | 13.83 | 1.12 | [11.59 · 12.71 , 14.95 · 16.07] |
|
+4.17 σ |
Expensive
|
| Last 14Y | 13.69 | 1.13 | [11.42 · 12.56 , 14.82 · 15.95] |
|
+4.26 σ |
Expensive
|
| Last 15Y | 13.83 | 1.24 | [11.36 · 12.59 , 15.07 · 16.30] |
|
+3.78 σ |
Expensive
|
| Last 16Y | 13.90 | 1.38 | [11.14 · 12.52 , 15.29 · 16.67] |
|
+3.33 σ |
Expensive
|
| Last 17Y | 13.80 | 1.35 | [11.09 · 12.45 , 15.15 · 16.50] |
|
+3.49 σ |
Expensive
|
| Last 18Y | 13.69 | 1.29 | [11.12 · 12.40 , 14.98 · 16.27] |
|
+3.74 σ |
Expensive
|
| Last 19Y | 13.58 | 1.28 | [11.01 · 12.29 , 14.86 · 16.14] |
|
+3.84 σ |
Expensive
|
| Last 20Y | 13.48 | 1.31 | [10.85 · 12.17 , 14.80 · 16.11] |
|
+3.82 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 | 18.51 |
|
+0.83 σ | +1.78 σ | +3.19 σ | +3.82 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 | ||
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 | +7.89% | 26 Jul | |
| Short Term | Price vs SMA50 | -1.80% | 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.