4.56
Last update: 03 May 2024
The estimated P/E Ratio for Turkey Stock Market is 4.56, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [4.86 , 6.15]. For this reason, the current P/E can be considered Undervalued
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.
03 May 2024 · P/E Ratio: 4.56
03 May 2024 · P/E Ratio: 4.56 ·
1Y Average: 5.73 ·
1 Std Dev range: [5.16 , 6.29] ·
2 Std Dev range: [4.60 , 6.86]
03 May 2024 · P/E Ratio: 4.56 ·
5Y Average: 5.51 ·
1 Std Dev range: [4.86 , 6.15] ·
2 Std Dev range: [4.21 , 6.80]
03 May 2024 · P/E Ratio: 4.56 ·
10Y Average: 6.71 ·
1 Std Dev range: [5.43 , 7.99] ·
2 Std Dev range: [4.15 , 9.27]
03 May 2024 · P/E Ratio: 4.56 ·
20Y Average: 8.20 ·
1 Std Dev range: [6.52 , 9.88] ·
2 Std Dev range: [4.85 , 11.55]
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: 4.56 · 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 ( 4.56 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 5.73 | 0.56 | [4.60 · 5.16 , 6.29 · 6.86] |
|
-2.07 σ |
Cheap
|
| Last 2Y | 4.98 | 0.71 | [3.56 · 4.27 , 5.69 · 6.40] |
|
-0.59 σ |
Fair
|
| Last 3Y | 4.97 | 0.54 | [3.88 · 4.43 , 5.51 · 6.06] |
|
-0.75 σ |
Fair
|
| Last 4Y | 5.32 | 0.70 | [3.93 · 4.62 , 6.02 · 6.72] |
|
-1.09 σ |
Undervalued
|
| Last 5Y | 5.51 | 0.65 | [4.21 · 4.86 , 6.15 · 6.80] |
|
-1.46 σ |
Undervalued
|
| Last 6Y | 5.59 | 0.59 | [4.42 · 5.00 , 6.18 · 6.76] |
|
-1.76 σ |
Undervalued
|
| Last 7Y | 5.82 | 0.71 | [4.40 · 5.11 , 6.52 · 7.23] |
|
-1.78 σ |
Undervalued
|
| Last 8Y | 6.09 | 0.92 | [4.25 · 5.17 , 7.01 · 7.93] |
|
-1.66 σ |
Undervalued
|
| Last 9Y | 6.37 | 1.08 | [4.20 · 5.28 , 7.45 · 8.54] |
|
-1.67 σ |
Undervalued
|
| Last 10Y | 6.71 | 1.28 | [4.15 · 5.43 , 7.99 · 9.27] |
|
-1.68 σ |
Undervalued
|
| Last 11Y | 6.94 | 1.37 | [4.19 · 5.57 , 8.31 · 9.69] |
|
-1.73 σ |
Undervalued
|
| Last 12Y | 7.21 | 1.51 | [4.18 · 5.70 , 8.73 · 10.24] |
|
-1.75 σ |
Undervalued
|
| Last 13Y | 7.37 | 1.52 | [4.34 · 5.85 , 8.88 · 10.40] |
|
-1.85 σ |
Undervalued
|
| Last 14Y | 7.56 | 1.56 | [4.44 · 6.00 , 9.12 · 10.68] |
|
-1.92 σ |
Undervalued
|
| Last 15Y | 7.73 | 1.54 | [4.64 · 6.19 , 9.27 · 10.81] |
|
-2.05 σ |
Cheap
|
| Last 16Y | 7.60 | 1.54 | [4.53 · 6.07 , 9.14 · 10.67] |
|
-1.98 σ |
Undervalued
|
| Last 17Y | 7.74 | 1.56 | [4.62 · 6.18 , 9.30 · 10.86] |
|
-2.04 σ |
Cheap
|
| Last 18Y | 7.82 | 1.55 | [4.73 · 6.28 , 9.37 · 10.92] |
|
-2.11 σ |
Cheap
|
| Last 19Y | 7.99 | 1.60 | [4.79 · 6.39 , 9.58 · 11.18] |
|
-2.15 σ |
Cheap
|
| Last 20Y | 8.20 | 1.68 | [4.85 · 6.52 , 9.88 · 11.55] |
|
-2.17 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 | 4.56 |
|
-2.07 σ | -1.46 σ | -1.68 σ | -2.17 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 | ||
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 | +15.20% | 03 May | |
| Short Term | Price vs SMA50 | +11.02% | 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.