3.90
Last update: 20 November 2024
The estimated P/E Ratio for Turkey Stock Market is 3.90, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [4.77 , 6.25]. For this reason, the current P/E can be considered Cheap
P/E Ratio is calculated on the TUR Etf, whose benchmark is the Turkey 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 Turkey Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
20 November 2024 · P/E Ratio: 3.90
20 November 2024 · P/E Ratio: 3.90 ·
1Y Average: 6.27 ·
1 Std Dev range: [5.27 , 7.27] ·
2 Std Dev range: [4.27 , 8.27]
20 November 2024 · P/E Ratio: 3.90 ·
5Y Average: 5.51 ·
1 Std Dev range: [4.77 , 6.25] ·
2 Std Dev range: [4.02 , 6.99]
20 November 2024 · P/E Ratio: 3.90 ·
10Y Average: 6.56 ·
1 Std Dev range: [5.38 , 7.75] ·
2 Std Dev range: [4.20 , 8.93]
20 November 2024 · P/E Ratio: 3.90 ·
20Y Average: 8.07 ·
1 Std Dev range: [6.44 , 9.70] ·
2 Std Dev range: [4.82 , 11.33]
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".
20 November 2024 · P/E Ratio: 3.90 · 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 ( 3.90 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 6.27 | 1.00 | [4.27 · 5.27 , 7.27 · 8.27] |
|
-2.38 σ |
Cheap
|
| Last 2Y | 5.56 | 0.96 | [3.65 · 4.60 , 6.51 · 7.47] |
|
-1.74 σ |
Undervalued
|
| Last 3Y | 5.13 | 0.79 | [3.55 · 4.34 , 5.92 · 6.71] |
|
-1.56 σ |
Undervalued
|
| Last 4Y | 5.25 | 0.73 | [3.80 · 4.52 , 5.98 · 6.71] |
|
-1.86 σ |
Undervalued
|
| Last 5Y | 5.51 | 0.74 | [4.02 · 4.77 , 6.25 · 6.99] |
|
-2.17 σ |
Cheap
|
| Last 6Y | 5.59 | 0.68 | [4.24 · 4.92 , 6.27 · 6.94] |
|
-2.51 σ |
Cheap
|
| Last 7Y | 5.73 | 0.68 | [4.37 · 5.05 , 6.41 · 7.09] |
|
-2.70 σ |
Cheap
|
| Last 8Y | 6.00 | 0.89 | [4.21 · 5.11 , 6.89 · 7.79] |
|
-2.35 σ |
Cheap
|
| Last 9Y | 6.26 | 1.04 | [4.18 · 5.22 , 7.30 · 8.34] |
|
-2.28 σ |
Cheap
|
| Last 10Y | 6.56 | 1.18 | [4.20 · 5.38 , 7.75 · 8.93] |
|
-2.26 σ |
Cheap
|
| Last 11Y | 6.81 | 1.31 | [4.18 · 5.49 , 8.12 · 9.43] |
|
-2.22 σ |
Cheap
|
| Last 12Y | 7.08 | 1.46 | [4.16 · 5.62 , 8.54 · 10.00] |
|
-2.18 σ |
Cheap
|
| Last 13Y | 7.25 | 1.49 | [4.27 · 5.76 , 8.74 · 10.22] |
|
-2.25 σ |
Cheap
|
| Last 14Y | 7.45 | 1.55 | [4.36 · 5.90 , 9.00 · 10.54] |
|
-2.30 σ |
Cheap
|
| Last 15Y | 7.63 | 1.53 | [4.56 · 6.09 , 9.16 · 10.69] |
|
-2.43 σ |
Cheap
|
| Last 16Y | 7.60 | 1.55 | [4.51 · 6.06 , 9.15 · 10.69] |
|
-2.40 σ |
Cheap
|
| Last 17Y | 7.62 | 1.53 | [4.56 · 6.09 , 9.15 · 10.68] |
|
-2.44 σ |
Cheap
|
| Last 18Y | 7.76 | 1.55 | [4.66 · 6.21 , 9.31 · 10.85] |
|
-2.49 σ |
Cheap
|
| Last 19Y | 7.87 | 1.56 | [4.74 · 6.31 , 9.44 · 11.00] |
|
-2.54 σ |
Cheap
|
| Last 20Y | 8.07 | 1.63 | [4.82 · 6.44 , 9.70 · 11.33] |
|
-2.57 σ |
Cheap
|
P/E Comparison
How is the Turkey 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 | |||
|
|
Turkey | 3.90 |
|
-2.38 σ | -2.17 σ | -2.26 σ | -2.57 σ | |
| All World | 21.24 |
|
+1.65 σ | +2.51 σ | +3.63 σ | +4.41 σ | ||
| Emerging Markets | 14.18 |
|
+0.77 σ | +0.36 σ | +0.96 σ | +1.29 σ | ||
Turkey Stock Market Trend
Trend is evaluated considering the price of the TUR Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -11.02% | 20 Nov | |
| Short Term | Price vs SMA50 | -1.93% | 20 Nov |
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.