Turkey Stock Market: current P/E Ratio

4.30
Last update: 05 December 2024

The estimated P/E Ratio for Turkey Stock Market is 4.30, calculated on 05 December 2024.

Considering the last 5 years, an average P/E interval is [4.71 , 6.24]. 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.

05 December 2024 · P/E Ratio: 4.30
05 December 2024 · P/E Ratio: 4.30 · 1Y Average: 6.09 · 1 Std Dev range: [4.89 , 7.28] · 2 Std Dev range: [3.70 , 8.48]
05 December 2024 · P/E Ratio: 4.30 · 5Y Average: 5.47 · 1 Std Dev range: [4.71 , 6.24] · 2 Std Dev range: [3.94 , 7.00]
05 December 2024 · P/E Ratio: 4.30 · 10Y Average: 6.52 · 1 Std Dev range: [5.34 , 7.70] · 2 Std Dev range: [4.17 , 8.87]
05 December 2024 · P/E Ratio: 4.30 · 20Y Average: 8.04 · 1 Std Dev range: [6.41 , 9.67] · 2 Std Dev range: [4.78 , 11.30]
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".
05 December 2024 · P/E Ratio: 4.30 · 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
( 4.30 )
Deviation
vs μ
Valuation
Last 1Y 6.09 1.20 [3.70 · 4.89 , 7.28 · 8.48]
-1.50 σ
Undervalued
Last 2Y 5.53 0.98 [3.56 · 4.55 , 6.52 · 7.50]
-1.26 σ
Undervalued
Last 3Y 5.10 0.81 [3.48 · 4.29 , 5.91 · 6.72]
-0.99 σ
Fair
Last 4Y 5.21 0.74 [3.73 · 4.47 , 5.95 · 6.69]
-1.23 σ
Undervalued
Last 5Y 5.47 0.76 [3.94 · 4.71 , 6.24 · 7.00]
-1.54 σ
Undervalued
Last 6Y 5.57 0.70 [4.17 · 4.87 , 6.27 · 6.97]
-1.81 σ
Undervalued
Last 7Y 5.69 0.69 [4.31 · 5.00 , 6.37 · 7.06]
-2.03 σ
Cheap
Last 8Y 5.96 0.89 [4.17 · 5.06 , 6.85 · 7.74]
-1.86 σ
Undervalued
Last 9Y 6.22 1.04 [4.15 · 5.18 , 7.26 · 8.29]
-1.85 σ
Undervalued
Last 10Y 6.52 1.18 [4.17 · 5.34 , 7.70 · 8.87]
-1.89 σ
Undervalued
Last 11Y 6.76 1.31 [4.15 · 5.45 , 8.07 · 9.38]
-1.89 σ
Undervalued
Last 12Y 7.03 1.45 [4.13 · 5.58 , 8.48 · 9.93]
-1.88 σ
Undervalued
Last 13Y 7.22 1.50 [4.21 · 5.72 , 8.72 · 10.22]
-1.95 σ
Undervalued
Last 14Y 7.41 1.55 [4.32 · 5.86 , 8.96 · 10.50]
-2.01 σ
Cheap
Last 15Y 7.60 1.55 [4.50 · 6.05 , 9.15 · 10.70]
-2.13 σ
Cheap
Last 16Y 7.60 1.55 [4.51 · 6.06 , 9.15 · 10.69]
-2.14 σ
Cheap
Last 17Y 7.59 1.53 [4.52 · 6.06 , 9.12 · 10.66]
-2.15 σ
Cheap
Last 18Y 7.73 1.56 [4.61 · 6.17 , 9.29 · 10.84]
-2.20 σ
Cheap
Last 19Y 7.84 1.57 [4.70 · 6.27 , 9.41 · 10.98]
-2.26 σ
Cheap
Last 20Y 8.04 1.63 [4.78 · 6.41 , 9.67 · 11.30]
-2.30 σ
Cheap

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 4.30
-1.50 σ -1.54 σ -1.89 σ -2.30 σ
All World 21.29
+1.49 σ +2.46 σ +3.55 σ +4.36 σ
Emerging Markets 14.36
+0.94 σ +0.47 σ +1.14 σ +1.44 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 -1.70% 05 Dec
Short Term Price vs SMA50 +8.48% 05 Dec
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.