Taiwan Stock Market: current P/E Ratio

18.32
Last update: 22 April 2024

The estimated P/E Ratio for Taiwan Stock Market is 18.32, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [13.37 , 16.69]. 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.

22 April 2024 · P/E Ratio: 18.32
22 April 2024 · P/E Ratio: 18.32 · 1Y Average: 15.77 · 1 Std Dev range: [14.58 , 16.95] · 2 Std Dev range: [13.40 , 18.14]
22 April 2024 · P/E Ratio: 18.32 · 5Y Average: 15.03 · 1 Std Dev range: [13.37 , 16.69] · 2 Std Dev range: [11.71 , 18.35]
22 April 2024 · P/E Ratio: 18.32 · 10Y Average: 13.89 · 1 Std Dev range: [12.59 , 15.20] · 2 Std Dev range: [11.29 , 16.50]
22 April 2024 · P/E Ratio: 18.32 · 20Y Average: 13.40 · 1 Std Dev range: [12.14 , 14.66] · 2 Std Dev range: [10.89 , 15.92]
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: 18.32 · 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
( 18.32 )
Deviation
vs μ
Valuation
Last 1Y 15.77 1.19 [13.40 · 14.58 , 16.95 · 18.14]
+2.15 σ
Expensive
Last 2Y 13.10 2.29 [8.52 · 10.81 , 15.39 · 17.68]
+2.28 σ
Expensive
Last 3Y 13.88 1.99 [9.90 · 11.89 , 15.86 · 17.85]
+2.24 σ
Expensive
Last 4Y 14.71 2.07 [10.57 · 12.64 , 16.78 · 18.85]
+1.74 σ
Overvalued
Last 5Y 15.03 1.66 [11.71 · 13.37 , 16.69 · 18.35]
+1.98 σ
Overvalued
Last 6Y 14.64 1.56 [11.51 · 13.08 , 16.20 · 17.76]
+2.35 σ
Expensive
Last 7Y 14.46 1.41 [11.65 · 13.05 , 15.87 · 17.28]
+2.73 σ
Expensive
Last 8Y 14.21 1.31 [11.60 · 12.91 , 15.52 · 16.82]
+3.14 σ
Expensive
Last 9Y 13.90 1.41 [11.08 · 12.49 , 15.30 · 16.71]
+3.14 σ
Expensive
Last 10Y 13.89 1.30 [11.29 · 12.59 , 15.20 · 16.50]
+3.40 σ
Expensive
Last 11Y 13.86 1.17 [11.53 · 12.69 , 15.03 · 16.19]
+3.82 σ
Expensive
Last 12Y 13.86 1.09 [11.68 · 12.77 , 14.95 · 16.04]
+4.09 σ
Expensive
Last 13Y 13.74 1.06 [11.61 · 12.67 , 14.80 · 15.86]
+4.31 σ
Expensive
Last 14Y 13.61 1.08 [11.45 · 12.53 , 14.68 · 15.76]
+4.37 σ
Expensive
Last 15Y 13.83 1.24 [11.36 · 12.59 , 15.07 · 16.30]
+3.63 σ
Expensive
Last 16Y 13.82 1.29 [11.23 · 12.52 , 15.11 · 16.40]
+3.48 σ
Expensive
Last 17Y 13.71 1.27 [11.18 · 12.45 , 14.98 · 16.25]
+3.63 σ
Expensive
Last 18Y 13.60 1.23 [11.14 · 12.37 , 14.83 · 16.06]
+3.83 σ
Expensive
Last 19Y 13.50 1.22 [11.06 · 12.28 , 14.71 · 15.93]
+3.96 σ
Expensive
Last 20Y 13.40 1.26 [10.89 · 12.15 , 14.66 · 15.92]
+3.91 σ
Expensive

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Taiwan 18.32
+2.15 σ +1.98 σ +3.40 σ +3.91 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

Taiwan Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -1.25% 22 Apr
Short Term Price vs SMA50 -3.83% 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.