7.92
Last update: 26 July 2024
The estimated P/E Ratio for Turkey Stock Market is 7.92, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [4.83 , 6.18]. For this reason, the current P/E can be considered Expensive
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.
26 July 2024 · P/E Ratio: 7.92
26 July 2024 · P/E Ratio: 7.92 ·
1Y Average: 5.97 ·
1 Std Dev range: [5.51 , 6.44] ·
2 Std Dev range: [5.05 , 6.90]
26 July 2024 · P/E Ratio: 7.92 ·
5Y Average: 5.50 ·
1 Std Dev range: [4.83 , 6.18] ·
2 Std Dev range: [4.16 , 6.85]
26 July 2024 · P/E Ratio: 7.92 ·
10Y Average: 6.65 ·
1 Std Dev range: [5.40 , 7.90] ·
2 Std Dev range: [4.15 , 9.15]
26 July 2024 · P/E Ratio: 7.92 ·
20Y Average: 8.15 ·
1 Std Dev range: [6.49 , 9.82] ·
2 Std Dev range: [4.82 , 11.48]
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".
26 July 2024 · P/E Ratio: 7.92 · 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 ( 7.92 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 5.97 | 0.46 | [5.05 · 5.51 , 6.44 · 6.90] |
|
+4.20 σ |
Expensive
|
| Last 2Y | 5.10 | 0.76 | [3.59 · 4.35 , 5.86 · 6.62] |
|
+3.73 σ |
Expensive
|
| Last 3Y | 4.99 | 0.60 | [3.79 · 4.39 , 5.58 · 6.18] |
|
+4.90 σ |
Expensive
|
| Last 4Y | 5.28 | 0.69 | [3.90 · 4.59 , 5.97 · 6.65] |
|
+3.84 σ |
Expensive
|
| Last 5Y | 5.50 | 0.67 | [4.16 · 4.83 , 6.18 · 6.85] |
|
+3.59 σ |
Expensive
|
| Last 6Y | 5.57 | 0.60 | [4.37 · 4.97 , 6.17 · 6.77] |
|
+3.90 σ |
Expensive
|
| Last 7Y | 5.77 | 0.69 | [4.40 · 5.09 , 6.46 · 7.15] |
|
+3.13 σ |
Expensive
|
| Last 8Y | 6.05 | 0.91 | [4.23 · 5.14 , 6.96 · 7.87] |
|
+2.06 σ |
Expensive
|
| Last 9Y | 6.32 | 1.07 | [4.18 · 5.25 , 7.39 · 8.46] |
|
+1.49 σ |
Overvalued
|
| Last 10Y | 6.65 | 1.25 | [4.15 · 5.40 , 7.90 · 9.15] |
|
+1.02 σ |
Overvalued
|
| Last 11Y | 6.88 | 1.36 | [4.17 · 5.53 , 8.24 · 9.60] |
|
+0.76 σ |
Fair
|
| Last 12Y | 7.17 | 1.52 | [4.13 · 5.65 , 8.69 · 10.22] |
|
+0.49 σ |
Fair
|
| Last 13Y | 7.31 | 1.50 | [4.31 · 5.81 , 8.81 · 10.31] |
|
+0.41 σ |
Fair
|
| Last 14Y | 7.52 | 1.57 | [4.39 · 5.96 , 9.09 · 10.66] |
|
+0.25 σ |
Fair
|
| Last 15Y | 7.70 | 1.56 | [4.59 · 6.14 , 9.26 · 10.81] |
|
+0.14 σ |
Fair
|
| Last 16Y | 7.59 | 1.55 | [4.49 · 6.04 , 9.14 · 10.69] |
|
+0.21 σ |
Fair
|
| Last 17Y | 7.69 | 1.56 | [4.58 · 6.14 , 9.25 · 10.81] |
|
+0.15 σ |
Fair
|
| Last 18Y | 7.80 | 1.55 | [4.70 · 6.25 , 9.35 · 10.91] |
|
+0.08 σ |
Fair
|
| Last 19Y | 7.94 | 1.59 | [4.76 · 6.35 , 9.53 · 11.12] |
|
-0.01 σ |
Fair
|
| Last 20Y | 8.15 | 1.66 | [4.82 · 6.49 , 9.82 · 11.48] |
|
-0.14 σ |
Fair
|
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 | 7.92 |
|
+4.20 σ | +3.59 σ | +1.02 σ | -0.14 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 | ||
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 | +13.33% | 26 Jul | |
| Short Term | Price vs SMA50 | +0.78% | 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.