17.97
Last update: 03 May 2024
The estimated P/E Ratio for Thailand Stock Market is 17.97, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [17.07 , 20.97]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the THD Etf, whose benchmark is the Thailand 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 Thailand 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: 17.97
03 May 2024 · P/E Ratio: 17.97 ·
1Y Average: 16.29 ·
1 Std Dev range: [15.28 , 17.31] ·
2 Std Dev range: [14.27 , 18.32]
03 May 2024 · P/E Ratio: 17.97 ·
5Y Average: 19.02 ·
1 Std Dev range: [17.07 , 20.97] ·
2 Std Dev range: [15.12 , 22.92]
03 May 2024 · P/E Ratio: 17.97 ·
10Y Average: 17.84 ·
1 Std Dev range: [15.91 , 19.78] ·
2 Std Dev range: [13.97 , 21.71]
03 May 2024 · P/E Ratio: 17.97 ·
20Y Average: 15.25 ·
1 Std Dev range: [12.38 , 18.12] ·
2 Std Dev range: [9.51 , 20.99]
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: 17.97 · 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 ( 17.97 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 16.29 | 1.01 | [14.27 · 15.28 , 17.31 · 18.32] |
|
+1.65 σ |
Overvalued
|
| Last 2Y | 16.82 | 1.51 | [13.80 · 15.31 , 18.33 · 19.85] |
|
+0.76 σ |
Fair
|
| Last 3Y | 18.20 | 2.02 | [14.16 · 16.18 , 20.22 · 22.24] |
|
-0.11 σ |
Fair
|
| Last 4Y | 19.20 | 2.19 | [14.82 · 17.01 , 21.39 · 23.58] |
|
-0.56 σ |
Fair
|
| Last 5Y | 19.02 | 1.95 | [15.12 · 17.07 , 20.97 · 22.92] |
|
-0.54 σ |
Fair
|
| Last 6Y | 18.26 | 2.06 | [14.14 · 16.20 , 20.32 · 22.38] |
|
-0.14 σ |
Fair
|
| Last 7Y | 17.88 | 2.00 | [13.87 · 15.88 , 19.88 · 21.89] |
|
+0.04 σ |
Fair
|
| Last 8Y | 17.80 | 2.02 | [13.76 · 15.78 , 19.82 · 21.84] |
|
+0.09 σ |
Fair
|
| Last 9Y | 17.95 | 1.96 | [14.04 · 15.99 , 19.91 · 21.86] |
|
+0.01 σ |
Fair
|
| Last 10Y | 17.84 | 1.94 | [13.97 · 15.91 , 19.78 · 21.71] |
|
+0.07 σ |
Fair
|
| Last 11Y | 17.43 | 2.03 | [13.36 · 15.39 , 19.46 · 21.49] |
|
+0.27 σ |
Fair
|
| Last 12Y | 17.17 | 2.03 | [13.10 · 15.13 , 19.20 · 21.23] |
|
+0.40 σ |
Fair
|
| Last 13Y | 16.82 | 2.08 | [12.67 · 14.74 , 18.90 · 20.97] |
|
+0.55 σ |
Fair
|
| Last 14Y | 16.51 | 2.17 | [12.17 · 14.34 , 18.68 · 20.85] |
|
+0.67 σ |
Fair
|
| Last 15Y | 16.56 | 2.26 | [12.04 · 14.30 , 18.81 · 21.07] |
|
+0.63 σ |
Fair
|
| Last 16Y | 16.26 | 2.35 | [11.57 · 13.91 , 18.61 · 20.96] |
|
+0.73 σ |
Fair
|
| Last 17Y | 16.19 | 2.41 | [11.36 · 13.77 , 18.60 · 21.01] |
|
+0.74 σ |
Fair
|
| Last 18Y | 15.84 | 2.54 | [10.77 · 13.31 , 18.38 · 20.92] |
|
+0.84 σ |
Fair
|
| Last 19Y | 15.52 | 2.71 | [10.09 · 12.80 , 18.23 · 20.94] |
|
+0.90 σ |
Fair
|
| Last 20Y | 15.25 | 2.87 | [9.51 · 12.38 , 18.12 · 20.99] |
|
+0.95 σ |
Fair
|
P/E Comparison
How is the Thailand 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 | |||
|
|
Thailand | 17.97 |
|
+1.65 σ | -0.54 σ | +0.07 σ | +0.95 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 | ||
Thailand Stock Market Trend
Trend is evaluated considering the price of the THD Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -4.99% | 03 May | |
| Short Term | Price vs SMA50 | +0.27% | 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.