Ireland Stock Market PE Ratio

The Ireland Stock Market currently trades at a current P/E ratio of 13.38 as of October 24, 2025.

Over the past five years, the median P/E has been 14.6, putting today's valuation in the 20th percentile of that range. Looking at the longer 10-year period, where the median sits at 15.25, the current reading ranks in the 15.8th percentile - a level historically associated with Attractive pricing. The 20-year median of 15.62 provides additional context, with the current ratio in the 23.3th percentile of that extended timeframe.

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

Since March 1996, the iShares MSCI Ireland ETF has recorded a median P/E ratio of 14.75 over 30 years. Against this full historical backdrop, the current valuation sits in the 35.1th percentile of all recorded readings, indicating that the market is trading moderately below its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (13.38) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	13.47	41.7	Fair Value
5 Year	14.6	20	Attractive
10 Year	15.25	15.8	Attractive
20 Year	15.62	23.3	Undervalued
Since Mar 1996	14.75	35.1	Undervalued

Returns vs P/E Ratio

Over the past decade, the PE fell from 14.9 (57.2th percentile) to 13.38 (15.8th percentile). Annualized total return over this period was 5.5%. Percentile rank indicates position within the historical distribution. Lower valuations do not guarantee near-term gains; markets can stay discounted for long, though starting points are generally more supportive for long-horizon outcomes.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	14.2	43.3	+1.5%	+1.5%
3 Year	13.81	41.9	+68.8%	+19.1%
5 Year	20.14	90.9	+61.9%	+10.1%
10 Year	14.9	57.2	+71.2%	+5.5%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	13.38
Sep 2025	13.61
Aug 2025	13.42
Jul 2025	13.27
Jun 2025	13.57
May 2025	12.14
Apr 2025	12.92
Mar 2025	12.03
Feb 2025	13.83
Jan 2025	14.42
Dec 2024	13.52
Nov 2024	13.73
Oct 2024	14.20
Sep 2024	15.71
Aug 2024	16.98
Jul 2024	16.88
Jun 2024	15.23
May 2024	14.94
Apr 2024	15.08
Mar 2024	15.88
Feb 2024	14.85
Jan 2024	14.41
Dec 2023	14.44
Nov 2023	12.58
Oct 2023	12.95
Sep 2023	12.96
Aug 2023	13.06
Jul 2023	14.67
Jun 2023	13.59
May 2023	13.45
Apr 2023	14.16
Mar 2023	13.83
Feb 2023	12.79
Jan 2023	14.69
Dec 2022	14.23
Nov 2022	15.04
Oct 2022	13.81
Sep 2022	13.09
Aug 2022	13.60
Jul 2022	15.20
Jun 2022	12.90
May 2022	14.53
Apr 2022	15.43
Mar 2022	14.90
Feb 2022	15.06
Jan 2022	19.13
Dec 2021	20.12
Nov 2021	19.49
Oct 2021	20.06
Sep 2021	20.40
Aug 2021	21.48
Jul 2021	20.90
Jun 2021	20.54
May 2021	21.22
Apr 2021	22.44
Mar 2021	22.57
Feb 2021	21.40
Jan 2021	22.96
Dec 2020	22.96
Nov 2020	22.06
Oct 2020	20.14
Sep 2020	20.07
Aug 2020	20.07
Jul 2020	21.36
Jun 2020	21.36
May 2020	20.81
Apr 2020	19.14
Mar 2020	11.38
Feb 2020	15.88
Jan 2020	16.39
Dec 2019	16.54
Nov 2019	16.54
Oct 2019	15.89
Sep 2019	14.46
Aug 2019	13.79
Jul 2019	13.37
Jun 2019	14
May 2019	14.25
Apr 2019	14.25
Mar 2019	13.74
Feb 2019	13.22
Jan 2019	13.22
Dec 2018	12.09
Nov 2018	12.84
Oct 2018	12.84
Sep 2018	13.51
Aug 2018	14.41
Jul 2018	14.80
Jun 2018	15.21
May 2018	16.14
Apr 2018	14.80
Mar 2018	14.80
Feb 2018	15.27
Jan 2018	15.27
Dec 2017	15.27
Nov 2017	15.27
Oct 2017	15.27
Sep 2017	15.27
Aug 2017	15.27
Jul 2017	15.27
Jun 2017	15.72
May 2017	16.37
Apr 2017	17.08
Mar 2017	16.64
Feb 2017	16.31
Jan 2017	16.55
Dec 2016	16.34
Nov 2016	16.34
Oct 2016	15.42
Sep 2016	16.30
Aug 2016	16.30
Jul 2016	15.29
Jun 2016	14.77
May 2016	16.57
Apr 2016	16.34
Mar 2016	16.34
Feb 2016	16.12
Jan 2016	16.12
Dec 2015	15.76
Nov 2015	15.76
Oct 2015	14.90
Sep 2015	14.90
Aug 2015	16.20
Jul 2015	17.91
Jun 2015	17.38
May 2015	18.08
Apr 2015	18.66
Mar 2015	18.06
Feb 2015	18.56
Jan 2015	17.90
Dec 2014	17.30
Nov 2014	17.18
Oct 2014	16.56
Sep 2014	17.35
Aug 2014	17.35
Jul 2014	16.93
Jun 2014	17.42
May 2014	18.46
Apr 2014	19.60
Mar 2014	20.92
Feb 2014	20.93
Jan 2014	22.63
Dec 2013	20.53
Nov 2013	22.58
Oct 2013	25.03
Sep 2013	24.69
Aug 2013	25
Jul 2013	25
Jun 2013	26.18
May 2013	26.18
Apr 2013	22.96
Mar 2013	20.35
Feb 2013	20.35
Jan 2013	18.76
Dec 2012	16.52
Nov 2012	16.52
Oct 2012	16.78
Sep 2012	17.35
Aug 2012	17.51
Jul 2012	18.11
Jun 2012	18.11
May 2012	16.83
Apr 2012	17.73
Mar 2012	18.29
Feb 2012	19.47
Jan 2012	19.53
Dec 2011	19.53
Nov 2011	17.86
Oct 2011	16.10
Sep 2011	13.70
Aug 2011	12.99
Jul 2011	15.35
Jun 2011	15.35
May 2011	15.85
Apr 2011	19.69
Mar 2011	22.30
Feb 2011	23.03
Jan 2011	24.57
Dec 2010	24.62
Nov 2010	26.12
Oct 2010	22.10
Sep 2010	27.51
Aug 2010	39.57
Jul 2010	39.67
Jun 2010	18.18
May 2010	18.18
Apr 2010	32.61
Mar 2010	18.27
Feb 2010	17.52
Jan 2010	17.51
Dec 2009	17.51
Nov 2009	18.94
Oct 2009	16.20
Sep 2009	17.94
Aug 2009	18.64
Jul 2009	18.25
Jun 2009	15.52
May 2009	15.78
Apr 2009	15.17
Mar 2009	13.66
Feb 2009	12.25
Jan 2009	10.72
Dec 2008	8.14
Nov 2008	6.08
Oct 2008	4.76
Sep 2008	5.96
Aug 2008	6.69
Jul 2008	6.26
Jun 2008	7.07
May 2008	7.59
Apr 2008	7.78
Mar 2008	7.78
Feb 2008	8.35
Jan 2008	8.35
Dec 2007	8.80
Nov 2007	8.80
Oct 2007	10.06
Sep 2007	10.06
Aug 2007	11.04
Jul 2007	11.62
Jun 2007	12.12
May 2007	13.09
Apr 2007	12.74
Mar 2007	12.96
Feb 2007	12.96
Jan 2007	13.27
Dec 2006	13.63
Nov 2006	13.13
Oct 2006	12.95
Sep 2006	12.95
Aug 2006	12.55
Jul 2006	12.12
Jun 2006	12.12
May 2006	12.72
Apr 2006	13.30
Mar 2006	14.06
Feb 2006	14.06
Jan 2006	13.73
Dec 2005	12.84
Nov 2005	12.42
Oct 2005	12.42
Sep 2005	12.72
Aug 2005	12.95
Jul 2005	12.95
Jun 2005	12.51
May 2005	12.51
Apr 2005	12.73
Mar 2005	12.73
Feb 2005	14.72
Jan 2005	14.20
Dec 2004	13.78
Nov 2004	13.78
Oct 2004	13.34
Sep 2004	13.34
Aug 2004	13.32
Jul 2004	13.32
Jun 2004	13.79
May 2004	13.79
Apr 2004	13.53
Mar 2004	12.47
Feb 2004	12.28
Jan 2004	12.28
Dec 2003	11.74
Nov 2003	11.73
Oct 2003	11.73
Sep 2003	12.21
Aug 2003	12.07
Jul 2003	12.17
Jun 2003	12.17
May 2003	11.91
Apr 2003	11.91
Mar 2003	10.83
Feb 2003	10.73
Jan 2003	10.73
Dec 2002	11.02
Nov 2002	11.02
Oct 2002	10.05
Sep 2002	10.11
Aug 2002	10.58
Jul 2002	10.58
Jun 2002	11.08
May 2002	12.78
Apr 2002	12.56
Mar 2002	12.56
Feb 2002	12.61
Jan 2002	13.15
Dec 2001	13.25
Nov 2001	13.25
Oct 2001	12.46
Sep 2001	12.46
Aug 2001	14.34
Jul 2001	15.59
Jun 2001	15.45
May 2001	15.45
Apr 2001	14.81
Mar 2001	14.81
Feb 2001	15.74
Jan 2001	16.42
Dec 2000	16.42
Nov 2000	14.68
Oct 2000	12.87
Sep 2000	12.29
Aug 2000	12.04
Jul 2000	12.04
Jun 2000	12.68
May 2000	13.25
Apr 2000	13.79
Mar 2000	11.97
Feb 2000	11.97
Jan 2000	13.98
Dec 1999	15.09
Nov 1999	15.28
Oct 1999	15.28
Sep 1999	15.70
Aug 1999	15.70
Jul 1999	15.15
Jun 1999	15.39
May 1999	15.39
Apr 1999	16.27
Mar 1999	15.88
Feb 1999	16.37
Jan 1999	16.37
Dec 1998	15.20
Nov 1998	13.76
Oct 1998	12.38
Sep 1998	12.12
Aug 1998	13.15
Jul 1998	15.99
Jun 1998	16.11
May 1998	16.88
Apr 1998	17.03
Mar 1998	17.03
Feb 1998	16.52
Jan 1998	15.97
Dec 1997	14.66
Nov 1997	13.45
Oct 1997	14.53
Sep 1997	14.64
Aug 1997	14.64
Jul 1997	13.81
Jun 1997	13.81
May 1997	13.24
Apr 1997	12.66
Mar 1997	12.69
Feb 1997	12.69
Jan 1997	12.16
Dec 1996	12.36
Nov 1996	12.36
Oct 1996	12.17
Sep 1996	12.17
Aug 1996	11.30
Jul 1996	11.30
Jun 1996	11.95
May 1996	11.95
Apr 1996	11.43
Mar 1996	10.80

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (13.38) 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 Ireland 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.