Austria Stock Market PE Ratio

The Austria Stock Market currently trades at a current P/E ratio of 13 as of October 24, 2025.

Over the past five years, the median P/E has been 7.73, putting today's valuation in the 95th percentile of that range. Looking at the longer 10-year period, where the median sits at 9.61, the current reading ranks in the 97.5th percentile - a level historically associated with Expensive pricing. The 20-year median of 9.91 provides additional context, with the current ratio in the 95.4th percentile of that extended timeframe.

This analysis is based on the iShares MSCI Austria ETF (EWO) which serves as the benchmark for the Austria market.

Since January 1996, the iShares MSCI Austria ETF has recorded a median P/E ratio of 11.04 over 30 years. Against this full historical backdrop, the current valuation sits in the 78.2th percentile of all recorded readings, indicating that the market is trading well above its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (13) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	10.75	91.7	Expensive
5 Year	7.73	95	Expensive
10 Year	9.61	97.5	Expensive
20 Year	9.91	95.4	Expensive
Since Jan 1996	11.04	78.2	Overvalued

Returns vs P/E Ratio

Over the past decade, the PE rose from 10.8 (35.3th percentile) to 13 (97.5th percentile). Annualized total return over this period was 6.8%. Percentile rank indicates position within the historical distribution. Elevated valuations do not necessarily imply immediate low returns; markets can remain richly valued for extended periods, but this warrants caution for longer-horizon return assumptions.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	7.74	14.2	+42.7%	+42.7%
3 Year	5.22	1.6	+87%	+23.2%
5 Year	10.59	36.9	+100.6%	+14.9%
10 Year	10.77	35.3	+93%	+6.8%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	13
Sep 2025	13.23
Aug 2025	12.26
Jul 2025	11.01
Jun 2025	11.01
May 2025	10.49
Apr 2025	11.46
Mar 2025	9.36
Feb 2025	9.88
Jan 2025	9.28
Dec 2024	7.98
Nov 2024	7.97
Oct 2024	7.74
Sep 2024	8.13
Aug 2024	8.32
Jul 2024	7.62
Jun 2024	7.06
May 2024	7.72
Apr 2024	6.94
Mar 2024	7.20
Feb 2024	6.78
Jan 2024	6.24
Dec 2023	6.63
Nov 2023	6.15
Oct 2023	6.40
Sep 2023	6.43
Aug 2023	5.97
Jul 2023	6.32
Jun 2023	5.92
May 2023	5.85
Apr 2023	6.31
Mar 2023	6.23
Feb 2023	6.89
Jan 2023	6.37
Dec 2022	6.15
Nov 2022	5.68
Oct 2022	5.22
Sep 2022	5.59
Aug 2022	5.54
Jul 2022	6.38
Jun 2022	6.90
May 2022	6.32
Apr 2022	6.22
Mar 2022	6.22
Feb 2022	7.44
Jan 2022	9.01
Dec 2021	8.93
Nov 2021	9.39
Oct 2021	9.63
Sep 2021	9.73
Aug 2021	9.73
Jul 2021	10.18
Jun 2021	11.07
May 2021	11.72
Apr 2021	11.66
Mar 2021	11.89
Feb 2021	12.32
Jan 2021	13.73
Dec 2020	13.06
Nov 2020	10.93
Oct 2020	10.59
Sep 2020	10.36
Aug 2020	12.33
Jul 2020	12.35
Jun 2020	12.50
May 2020	11.29
Apr 2020	8.35
Mar 2020	5.82
Feb 2020	9.10
Jan 2020	9.60
Dec 2019	9.90
Nov 2019	9.90
Oct 2019	8.85
Sep 2019	8.82
Aug 2019	8.99
Jul 2019	9.06
Jun 2019	9.06
May 2019	9.23
Apr 2019	9.39
Mar 2019	9.27
Feb 2019	8.91
Jan 2019	8.49
Dec 2018	8.01
Nov 2018	8.73
Oct 2018	9.22
Sep 2018	9.61
Aug 2018	9.88
Jul 2018	9.59
Jun 2018	9.77
May 2018	10.95
Apr 2018	10.81
Mar 2018	11.33
Feb 2018	12.08
Jan 2018	12.08
Dec 2017	12.08
Nov 2017	12.08
Oct 2017	12.08
Sep 2017	12.08
Aug 2017	12.08
Jul 2017	12.08
Jun 2017	11.83
May 2017	12.31
Apr 2017	11.57
Mar 2017	11.42
Feb 2017	11.69
Jan 2017	11.48
Dec 2016	10.97
Nov 2016	10.69
Oct 2016	10.24
Sep 2016	10.16
Aug 2016	9.90
Jul 2016	9.32
Jun 2016	9.53
May 2016	10.63
Apr 2016	11.81
Mar 2016	11.04
Feb 2016	10.09
Jan 2016	10.47
Dec 2015	11.82
Nov 2015	11.38
Oct 2015	10.77
Sep 2015	10.04
Aug 2015	11.48
Jul 2015	12.48
Jun 2015	12.88
May 2015	13.11
Apr 2015	12.35
Mar 2015	12.37
Feb 2015	12.14
Jan 2015	10.04
Dec 2014	9.54
Nov 2014	11
Oct 2014	10.51
Sep 2014	11.14
Aug 2014	12.58
Jul 2014	10.99
Jun 2014	11.41
May 2014	10.72
Apr 2014	11.36
Mar 2014	10.59
Feb 2014	10.59
Jan 2014	11.41
Dec 2013	10.44
Nov 2013	11.30
Oct 2013	10.59
Sep 2013	10.70
Aug 2013	9.94
Jul 2013	9.71
Jun 2013	9.28
May 2013	10.15
Apr 2013	9.97
Mar 2013	10.29
Feb 2013	10.36
Jan 2013	10.36
Dec 2012	10.03
Nov 2012	9.50
Oct 2012	9.01
Sep 2012	9.01
Aug 2012	8.78
Jul 2012	8.05
Jun 2012	7.55
May 2012	7
Apr 2012	7.70
Mar 2012	8.49
Feb 2012	8.62
Jan 2012	8.11
Dec 2011	6.91
Nov 2011	6.19
Oct 2011	6.22
Sep 2011	6.44
Aug 2011	6.87
Jul 2011	8.05
Jun 2011	8.53
May 2011	8.98
Apr 2011	8.93
Mar 2011	9.14
Feb 2011	10.01
Jan 2011	9.93
Dec 2010	9.54
Nov 2010	8.93
Oct 2010	8.86
Sep 2010	8.86
Aug 2010	8.84
Jul 2010	8.40
Jun 2010	7.92
May 2010	9.02
Apr 2010	9.78
Mar 2010	10.50
Feb 2010	10.50
Jan 2010	11.17
Dec 2009	11.18
Nov 2009	11.18
Oct 2009	11.31
Sep 2009	12.35
Aug 2009	12.81
Jul 2009	10.53
Jun 2009	10.60
May 2009	9.94
Apr 2009	9.21
Mar 2009	7.51
Feb 2009	5.08
Jan 2009	5.71
Dec 2008	4.89
Nov 2008	3.83
Oct 2008	4.96
Sep 2008	5.45
Aug 2008	7.70
Jul 2008	7.70
Jun 2008	9.25
May 2008	9.82
Apr 2008	8.94
Mar 2008	8.39
Feb 2008	9.03
Jan 2008	9.78
Dec 2007	9.77
Nov 2007	9.98
Oct 2007	11.03
Sep 2007	10.83
Aug 2007	10.83
Jul 2007	11.87
Jun 2007	12.84
May 2007	13.11
Apr 2007	13.32
Mar 2007	13.32
Feb 2007	12.65
Jan 2007	13.44
Dec 2006	13.07
Nov 2006	12.53
Oct 2006	13.58
Sep 2006	11.80
Aug 2006	12.03
Jul 2006	11.73
Jun 2006	11.24
May 2006	12.72
Apr 2006	13.61
Mar 2006	12.61
Feb 2006	12.43
Jan 2006	12.01
Dec 2005	11.70
Nov 2005	11.42
Oct 2005	11.68
Sep 2005	13.48
Aug 2005	13.64
Jul 2005	13.42
Jun 2005	12.43
May 2005	11.78
Apr 2005	12.81
Mar 2005	13.76
Feb 2005	13.69
Jan 2005	13.56
Dec 2004	13.56
Nov 2004	13.34
Oct 2004	13.24
Sep 2004	13.49
Aug 2004	13.78
Jul 2004	13.39
Jun 2004	13.39
May 2004	13.14
Apr 2004	15.13
Mar 2004	14.21
Feb 2004	14.21
Jan 2004	13.77
Dec 2003	12.61
Nov 2003	12.29
Oct 2003	11.68
Sep 2003	12.67
Aug 2003	12.67
Jul 2003	11.54
Jun 2003	11.09
May 2003	10.94
Apr 2003	10.49
Mar 2003	10.44
Feb 2003	10.73
Jan 2003	10.73
Dec 2002	10.56
Nov 2002	9.65
Oct 2002	8.78
Sep 2002	10.02
Aug 2002	10.42
Jul 2002	11.14
Jun 2002	12.30
May 2002	13.50
Apr 2002	14.25
Mar 2002	14.05
Feb 2002	13.27
Jan 2002	12.90
Dec 2001	13.96
Nov 2001	14.57
Oct 2001	14.11
Sep 2001	11.59
Aug 2001	12.71
Jul 2001	12.95
Jun 2001	13.14
May 2001	13.53
Apr 2001	13.82
Mar 2001	13.82
Feb 2001	12.94
Jan 2001	11.52
Dec 2000	10.84
Nov 2000	11.09
Oct 2000	10.88
Sep 2000	11.36
Aug 2000	11.28
Jul 2000	10.78
Jun 2000	11.27
May 2000	11.11
Apr 2000	11.11
Mar 2000	11.28
Feb 2000	11.28
Jan 2000	11.98
Dec 1999	12.27
Nov 1999	12.27
Oct 1999	12.49
Sep 1999	13.16
Aug 1999	12.94
Jul 1999	13.19
Jun 1999	12.72
May 1999	13.08
Apr 1999	13.76
Mar 1999	13.76
Feb 1999	13.23
Jan 1999	12.75
Dec 1998	12
Nov 1998	11.56
Oct 1998	11.20
Sep 1998	11.61
Aug 1998	13.64
Jul 1998	15.41
Jun 1998	16.17
May 1998	17.08
Apr 1998	16.02
Mar 1998	15.84
Feb 1998	15.24
Jan 1998	13.90
Dec 1997	13.73
Nov 1997	13.48
Oct 1997	14.55
Sep 1997	15.21
Aug 1997	15.89
Jul 1997	15.24
Jun 1997	15.24
May 1997	14.82
Apr 1997	14.82
Mar 1997	15.65
Feb 1997	15.50
Jan 1997	15.32
Dec 1996	15.16
Nov 1996	14.73
Oct 1996	14.47
Sep 1996	14.47
Aug 1996	14.56
Jul 1996	14.82
Jun 1996	15.83
May 1996	16.22
Apr 1996	16.05
Mar 1996	15.25
Feb 1996	15.28
Jan 1996	15.03

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (13) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
Germany	17.89	95	Expensive
United Kingdom	18.89	99.20	Expensive
France	18.67	94.20	Expensive
Italy	12.80	68.30	Overvalued
Spain	13.26	80.80	Expensive

Definition: Trailing P/E Ratio

The trailing P/E ratio for Austria Stock Market shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.