The estimated P/E Ratio for Vietnam Stock Market is 15.43, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [13.50 , 19.76]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the VNM Etf, whose benchmark is the Vietnam 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 Vietnam Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
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".
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 ( 15.43 ) |
Deviation vs μ |
Valuation |
Last 1Y | 13.81 | 1.19 | [11.43 · 12.62 , 14.99 · 16.18] |
|
+1.37 σ |
Overvalued
|
Last 2Y | 12.34 | 1.58 | [9.19 · 10.76 , 13.91 · 15.49] |
|
+1.96 σ |
Overvalued
|
Last 3Y | 14.04 | 2.51 | [9.02 · 11.53 , 16.55 · 19.06] |
|
+0.55 σ |
Fair
|
Last 4Y | 15.91 | 3.64 | [8.63 · 12.27 , 19.55 · 23.19] |
|
-0.13 σ |
Fair
|
Last 5Y | 16.63 | 3.13 | [10.37 · 13.50 , 19.76 · 22.89] |
|
-0.38 σ |
Fair
|
Last 6Y | 17.26 | 3.04 | [11.19 · 14.22 , 20.30 · 23.34] |
|
-0.60 σ |
Fair
|
Last 7Y | 17.64 | 2.98 | [11.68 · 14.66 , 20.63 · 23.61] |
|
-0.74 σ |
Fair
|
Last 8Y | 16.65 | 3.32 | [10.00 · 13.33 , 19.98 · 23.30] |
|
-0.37 σ |
Fair
|
P/E Comparison
How is the Vietnam Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
Vietnam | 15.43 |
|
+1.37 σ | -0.38 σ | - | - | |
All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
Frontier Markets | 60.04 |
|
+117.80 σ | +35.51 σ | +45.20 σ | +32.17 σ |
Vietnam Stock Market Trend
Trend is evaluated considering the price of the VNM Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | -8.00% | 03 May | |
Short Term | Price vs SMA50 | -5.46% | 03 May |