Thailand Stock Market: current P/E Ratio

17.84
Last update: 26 July 2024

The estimated P/E Ratio for Thailand Stock Market is 17.84, calculated on 26 July 2024.

Considering the last 5 years, an average P/E interval is [17.03 , 20.96]. 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.

26 July 2024 · P/E Ratio: 17.84
26 July 2024 · P/E Ratio: 17.84 · 1Y Average: 16.82 · 1 Std Dev range: [16.32 , 17.33] · 2 Std Dev range: [15.81 , 17.84]
26 July 2024 · P/E Ratio: 17.84 · 5Y Average: 19.00 · 1 Std Dev range: [17.03 , 20.96] · 2 Std Dev range: [15.06 , 22.93]
26 July 2024 · P/E Ratio: 17.84 · 10Y Average: 17.89 · 1 Std Dev range: [16.00 , 19.78] · 2 Std Dev range: [14.11 , 21.66]
26 July 2024 · P/E Ratio: 17.84 · 20Y Average: 15.32 · 1 Std Dev range: [12.48 , 18.16] · 2 Std Dev range: [9.64 , 21.00]
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".
26 July 2024 · P/E Ratio: 17.84 · 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
( 17.84 )		 Deviation
vs μ		 Valuation
Last 1Y 16.82 0.51 [15.81 · 16.32 , 17.33 · 17.84]
+2.00 σ
Expensive
Last 2Y 16.63 1.35 [13.93 · 15.28 , 17.99 · 19.34]
+0.89 σ
Fair
Last 3Y 17.90 1.86 [14.18 · 16.04 , 19.77 · 21.63]
-0.03 σ
Fair
Last 4Y 19.04 2.21 [14.63 · 16.83 , 21.24 · 23.45]
-0.54 σ
Fair
Last 5Y 19.00 1.97 [15.06 · 17.03 , 20.96 · 22.93]
-0.59 σ
Fair
Last 6Y 18.31 2.01 [14.29 · 16.30 , 20.32 · 22.33]
-0.23 σ
Fair
Last 7Y 17.95 1.94 [14.07 · 16.01 , 19.88 · 21.82]
-0.05 σ
Fair
Last 8Y 17.70 1.96 [13.77 · 15.74 , 19.66 · 21.62]
+0.07 σ
Fair
Last 9Y 17.93 1.96 [14.01 · 15.97 , 19.89 · 21.85]
-0.04 σ
Fair
Last 10Y 17.89 1.89 [14.11 · 16.00 , 19.78 · 21.66]
-0.02 σ
Fair
Last 11Y 17.47 2.00 [13.46 · 15.46 , 19.47 · 21.48]
+0.19 σ
Fair
Last 12Y 17.22 1.99 [13.23 · 15.22 , 19.21 · 21.20]
+0.31 σ
Fair
Last 13Y 16.88 2.03 [12.81 · 14.84 , 18.91 · 20.95]
+0.47 σ
Fair
Last 14Y 16.58 2.12 [12.33 · 14.45 , 18.70 · 20.82]
+0.60 σ
Fair
Last 15Y 16.56 2.24 [12.07 · 14.32 , 18.80 · 21.04]
+0.57 σ
Fair
Last 16Y 16.27 2.32 [11.62 · 13.95 , 18.59 · 20.92]
+0.68 σ
Fair
Last 17Y 16.24 2.38 [11.49 · 13.87 , 18.62 · 20.99]
+0.67 σ
Fair
Last 18Y 15.91 2.49 [10.93 · 13.42 , 18.40 · 20.90]
+0.77 σ
Fair
Last 19Y 15.59 2.66 [10.27 · 12.93 , 18.25 · 20.91]
+0.85 σ
Fair
Last 20Y 15.32 2.84 [9.64 · 12.48 , 18.16 · 21.00]
+0.89 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 17.84
+2.00 σ -0.59 σ -0.02 σ +0.89 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

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 -6.13% 26 Jul
Short Term Price vs SMA50 -0.97% 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.