Turkey Stock Market: current P/E Ratio

6.50
Last update: 22 April 2024

The estimated P/E Ratio for Turkey Stock Market is 6.50, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [4.86 , 6.12]. For this reason, the current P/E can be considered Overvalued

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.

22 April 2024 · P/E Ratio: 6.50
22 April 2024 · P/E Ratio: 6.50 · 1Y Average: 5.47 · 1 Std Dev range: [4.79 , 6.14] · 2 Std Dev range: [4.12 , 6.82]
22 April 2024 · P/E Ratio: 6.50 · 5Y Average: 5.49 · 1 Std Dev range: [4.86 , 6.12] · 2 Std Dev range: [4.23 , 6.76]
22 April 2024 · P/E Ratio: 6.50 · 10Y Average: 6.73 · 1 Std Dev range: [5.43 , 8.04] · 2 Std Dev range: [4.13 , 9.34]
22 April 2024 · P/E Ratio: 6.50 · 20Y Average: 8.22 · 1 Std Dev range: [6.54 , 9.91] · 2 Std Dev range: [4.85 , 11.59]
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: 6.50 · 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
( 6.50 )
Deviation
vs μ
Valuation
Last 1Y 5.47 0.68 [4.12 · 4.79 , 6.14 · 6.82]
+1.52 σ
Overvalued
Last 2Y 4.90 0.64 [3.62 · 4.26 , 5.53 · 6.17]
+2.52 σ
Expensive
Last 3Y 4.94 0.51 [3.93 · 4.44 , 5.45 · 5.95]
+3.08 σ
Expensive
Last 4Y 5.30 0.67 [3.95 · 4.62 , 5.97 · 6.64]
+1.79 σ
Overvalued
Last 5Y 5.49 0.63 [4.23 · 4.86 , 6.12 · 6.76]
+1.59 σ
Overvalued
Last 6Y 5.59 0.59 [4.42 · 5.00 , 6.18 · 6.76]
+1.55 σ
Overvalued
Last 7Y 5.83 0.73 [4.36 · 5.10 , 6.57 · 7.30]
+0.91 σ
Fair
Last 8Y 6.10 0.94 [4.22 · 5.16 , 7.05 · 7.99]
+0.42 σ
Fair
Last 9Y 6.39 1.10 [4.18 · 5.28 , 7.49 · 8.59]
+0.10 σ
Fair
Last 10Y 6.73 1.30 [4.12 · 5.43 , 8.04 · 9.34]
-0.18 σ
Fair
Last 11Y 6.97 1.40 [4.17 · 5.57 , 8.36 · 9.76]
-0.33 σ
Fair
Last 12Y 7.23 1.52 [4.18 · 5.71 , 8.76 · 10.28]
-0.48 σ
Fair
Last 13Y 7.39 1.53 [4.33 · 5.86 , 8.93 · 10.46]
-0.58 σ
Fair
Last 14Y 7.58 1.57 [4.45 · 6.01 , 9.15 · 10.72]
-0.69 σ
Fair
Last 15Y 7.73 1.54 [4.65 · 6.19 , 9.27 · 10.81]
-0.80 σ
Fair
Last 16Y 7.61 1.53 [4.54 · 6.07 , 9.14 · 10.68]
-0.72 σ
Fair
Last 17Y 7.76 1.57 [4.62 · 6.19 , 9.33 · 10.90]
-0.80 σ
Fair
Last 18Y 7.84 1.55 [4.74 · 6.29 , 9.39 · 10.94]
-0.87 σ
Fair
Last 19Y 8.01 1.61 [4.80 · 6.40 , 9.61 · 11.22]
-0.94 σ
Fair
Last 20Y 8.22 1.69 [4.85 · 6.54 , 9.91 · 11.59]
-1.02 σ
Undervalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Turkey 6.50
+1.52 σ +1.59 σ -0.18 σ -1.02 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

Turkey Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +7.47% 22 Apr
Short Term Price vs SMA50 +3.28% 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.