Vietnam Stock Market: current P/E Ratio

14.79
Last update: 22 April 2024

The estimated P/E Ratio for Vietnam Stock Market is 14.79, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [13.58 , 19.89]. 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.

22 April 2024 · P/E Ratio: 14.79
22 April 2024 · P/E Ratio: 14.79 · 1Y Average: 13.48 · 1 Std Dev range: [12.23 , 14.74] · 2 Std Dev range: [10.97 , 16.00]
22 April 2024 · P/E Ratio: 14.79 · 5Y Average: 16.73 · 1 Std Dev range: [13.58 , 19.89] · 2 Std Dev range: [10.43 , 23.04]
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: 14.79 · 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
( 14.79 )
Deviation
vs μ
Valuation
Last 1Y 13.48 1.26 [10.97 · 12.23 , 14.74 · 16.00]
+1.04 σ
Overvalued
Last 2Y 12.35 1.59 [9.17 · 10.76 , 13.94 · 15.53]
+1.53 σ
Overvalued
Last 3Y 14.18 2.66 [8.86 · 11.52 , 16.84 · 19.50]
+0.23 σ
Fair
Last 4Y 15.99 3.65 [8.70 · 12.34 , 19.64 · 23.28]
-0.33 σ
Fair
Last 5Y 16.73 3.15 [10.43 · 13.58 , 19.89 · 23.04]
-0.62 σ
Fair
Last 6Y 17.41 3.13 [11.16 · 14.29 , 20.54 · 23.67]
-0.84 σ
Fair
Last 7Y 17.64 2.98 [11.68 · 14.66 , 20.63 · 23.61]
-0.96 σ
Fair
Last 8Y 16.60 3.39 [9.81 · 13.20 , 19.99 · 23.38]
-0.53 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Vietnam 14.79
+1.04 σ -0.62 σ - -
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Frontier Markets 60.28
+134.48 σ +36.84 σ +46.03 σ +32.32 σ

Vietnam Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 -10.20% 22 Apr
Short Term Price vs SMA50 -8.41% 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.