Thailand Stock Market: current P/E Ratio

17.31
Last update: 22 April 2024

The estimated P/E Ratio for Thailand Stock Market is 17.31, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [17.05 , 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.

22 April 2024 · P/E Ratio: 17.31
22 April 2024 · P/E Ratio: 17.31 · 1Y Average: 15.93 · 1 Std Dev range: [14.78 , 17.09] · 2 Std Dev range: [13.63 , 18.24]
22 April 2024 · P/E Ratio: 17.31 · 5Y Average: 19.01 · 1 Std Dev range: [17.05 , 20.97] · 2 Std Dev range: [15.09 , 22.93]
22 April 2024 · P/E Ratio: 17.31 · 10Y Average: 17.81 · 1 Std Dev range: [15.85 , 19.77] · 2 Std Dev range: [13.89 , 21.73]
22 April 2024 · P/E Ratio: 17.31 · 20Y Average: 15.22 · 1 Std Dev range: [12.33 , 18.10] · 2 Std Dev range: [9.45 , 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".
22 April 2024 · P/E Ratio: 17.31 · 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
( 17.31 )
Deviation
vs μ
Valuation
Last 1Y 15.93 1.15 [13.63 · 14.78 , 17.09 · 18.24]
+1.20 σ
Overvalued
Last 2Y 16.92 1.61 [13.71 · 15.31 , 18.52 · 20.13]
+0.25 σ
Fair
Last 3Y 18.34 2.10 [14.14 · 16.24 , 20.44 · 22.54]
-0.49 σ
Fair
Last 4Y 19.22 2.18 [14.86 · 17.04 , 21.40 · 23.58]
-0.88 σ
Fair
Last 5Y 19.01 1.96 [15.09 · 17.05 , 20.97 · 22.93]
-0.86 σ
Fair
Last 6Y 18.25 2.07 [14.12 · 16.18 , 20.32 · 22.38]
-0.45 σ
Fair
Last 7Y 17.84 2.04 [13.77 · 15.80 , 19.88 · 21.92]
-0.26 σ
Fair
Last 8Y 17.83 2.04 [13.76 · 15.80 , 19.87 · 21.91]
-0.25 σ
Fair
Last 9Y 17.96 1.96 [14.05 · 16.00 , 19.92 · 21.87]
-0.33 σ
Fair
Last 10Y 17.81 1.96 [13.89 · 15.85 , 19.77 · 21.73]
-0.25 σ
Fair
Last 11Y 17.41 2.04 [13.33 · 15.37 , 19.45 · 21.49]
-0.05 σ
Fair
Last 12Y 17.14 2.04 [13.05 · 15.10 , 19.19 · 21.23]
+0.08 σ
Fair
Last 13Y 16.79 2.10 [12.59 · 14.69 , 18.89 · 20.98]
+0.25 σ
Fair
Last 14Y 16.48 2.19 [12.09 · 14.28 , 18.67 · 20.86]
+0.38 σ
Fair
Last 15Y 16.53 2.28 [11.97 · 14.25 , 18.80 · 21.08]
+0.35 σ
Fair
Last 16Y 16.27 2.36 [11.55 · 13.91 , 18.64 · 21.00]
+0.44 σ
Fair
Last 17Y 16.15 2.43 [11.29 · 13.72 , 18.58 · 21.01]
+0.48 σ
Fair
Last 18Y 15.81 2.56 [10.69 · 13.25 , 18.37 · 20.93]
+0.59 σ
Fair
Last 19Y 15.48 2.74 [10.00 · 12.74 , 18.21 · 20.95]
+0.67 σ
Fair
Last 20Y 15.22 2.89 [9.45 · 12.33 , 18.10 · 20.99]
+0.73 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Thailand 17.31
+1.20 σ -0.86 σ -0.25 σ +0.73 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

Thailand Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -9.08% 22 Apr
Short Term Price vs SMA50 -3.92% 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.