Peru Stock Market PE Ratio

The Peru Stock Market currently trades at a current P/E ratio of 13.05 as of October 24, 2025.

Over the past five years, the median P/E has been 11.36, putting today's valuation in the 66.7th percentile of that range. Looking at the longer 10-year period, where the median sits at 12.7, the current reading ranks close to the median - a level historically associated with Fair Value pricing. The 20-year median of 12.25 provides additional context, with the current ratio in the 65.8th percentile of that extended timeframe.

This analysis is based on the iShares MSCI Peru and Global Exposure ETF (EPU) which serves as the benchmark for the Peru market.

Since June 1996, the iShares MSCI Peru and Global Exposure ETF has recorded a median P/E ratio of 11.62 over 29 years. Against this full historical backdrop, the current valuation sits in the 72th 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 (13.05) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	12.83	66.7	Overvalued
5 Year	11.36	66.7	Overvalued
10 Year	12.7	59.2	Fair Value
20 Year	12.25	65.8	Overvalued
Since Jun 1996	11.62	72	Overvalued

Returns vs P/E Ratio

Over the past decade, the PE rose from 11.5 (55.8th percentile) to 13.05 (59.2th percentile). Annualized total return over this period was 10.1%. Percentile rank indicates position within the historical distribution. At fair value, outcomes have historically varied; near-term paths can be mixed while longer-horizon returns tend to cluster around historical averages.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	17.03	94.4	+38.8%	+38.8%
3 Year	9.52	24	+140.1%	+33.9%
5 Year	14.46	87.4	+103.4%	+15.3%
10 Year	11.5	55.8	+161.8%	+10.1%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	13.05
Sep 2025	12.20
Aug 2025	12.27
Jul 2025	11.36
Jun 2025	11.35
May 2025	12.49
Apr 2025	13.22
Mar 2025	12.70
Feb 2025	13.51
Jan 2025	13.48
Dec 2024	12.96
Nov 2024	16.14
Oct 2024	17.03
Sep 2024	18.12
Aug 2024	16.54
Jul 2024	16.23
Jun 2024	15.97
May 2024	19.49
Apr 2024	14.63
Mar 2024	14.44
Feb 2024	12.42
Jan 2024	9.70
Dec 2023	11.34
Nov 2023	9.46
Oct 2023	9.84
Sep 2023	9.79
Aug 2023	9.86
Jul 2023	10.39
Jun 2023	8.97
May 2023	9.62
Apr 2023	10.34
Mar 2023	9.94
Feb 2023	10.79
Jan 2023	10.79
Dec 2022	10.95
Nov 2022	10.95
Oct 2022	9.52
Sep 2022	8.94
Aug 2022	9.43
Jul 2022	8.43
Jun 2022	9.18
May 2022	9.18
Apr 2022	10.85
Mar 2022	13.13
Feb 2022	11.37
Jan 2022	11.37
Dec 2021	9.60
Nov 2021	9.80
Oct 2021	10.98
Sep 2021	9.57
Aug 2021	9.22
Jul 2021	11.25
Jun 2021	13.02
May 2021	13.72
Apr 2021	13.62
Mar 2021	14.74
Feb 2021	16.72
Jan 2021	15.79
Dec 2020	14.82
Nov 2020	13.64
Oct 2020	14.46
Sep 2020	16.29
Aug 2020	17.09
Jul 2020	14.76
Jun 2020	14.30
May 2020	12.66
Apr 2020	9.05
Mar 2020	8.51
Feb 2020	12.25
Jan 2020	12.89
Dec 2019	12.71
Nov 2019	12.71
Oct 2019	12.33
Sep 2019	12.23
Aug 2019	12.85
Jul 2019	13.36
Jun 2019	13.23
May 2019	13.23
Apr 2019	14.07
Mar 2019	14.80
Feb 2019	14.17
Jan 2019	13.65
Dec 2018	12.74
Nov 2018	12.74
Oct 2018	12.62
Sep 2018	12.62
Aug 2018	13.30
Jul 2018	13.30
Jun 2018	13.71
May 2018	13.71
Apr 2018	14.44
Mar 2018	13.71
Feb 2018	13.71
Jan 2018	14.64
Dec 2017	13.19
Nov 2017	13.83
Oct 2017	13.78
Sep 2017	13.78
Aug 2017	13.48
Jul 2017	12.57
Jun 2017	12.10
May 2017	11.52
Apr 2017	11.52
Mar 2017	12
Feb 2017	12.60
Jan 2017	12.07
Dec 2016	12.07
Nov 2016	12.39
Oct 2016	12.01
Sep 2016	12.41
Aug 2016	13.23
Jul 2016	12.96
Jun 2016	12.96
May 2016	13.67
Apr 2016	15.21
Mar 2016	13.45
Feb 2016	11.01
Jan 2016	9.71
Dec 2015	10.66
Nov 2015	11.01
Oct 2015	11.50
Sep 2015	11.09
Aug 2015	9.90
Jul 2015	11.93
Jun 2015	12.49
May 2015	13.87
Apr 2015	12.54
Mar 2015	12.54
Feb 2015	13.19
Jan 2015	12.19
Dec 2014	13.07
Nov 2014	13.51
Oct 2014	12.77
Sep 2014	13.62
Aug 2014	13.47
Jul 2014	13.10
Jun 2014	13.39
May 2014	13.39
Apr 2014	12.78
Mar 2014	11.85
Feb 2014	11.90
Jan 2014	11.65
Dec 2013	11.65
Nov 2013	12.32
Oct 2013	12.32
Sep 2013	10.63
Aug 2013	10.63
Jul 2013	9.69
Jun 2013	11.98
May 2013	11.98
Apr 2013	12.03
Mar 2013	11.38
Feb 2013	11.74
Jan 2013	12.75
Dec 2012	11.08
Nov 2012	11.08
Oct 2012	11.07
Sep 2012	11.97
Aug 2012	10.68
Jul 2012	11
Jun 2012	10.69
May 2012	10.69
Apr 2012	11.59
Mar 2012	11.49
Feb 2012	11.49
Jan 2012	10.09
Dec 2011	9.59
Nov 2011	9.69
Oct 2011	9.69
Sep 2011	9.54
Aug 2011	10.52
Jul 2011	10.55
Jun 2011	9.52
May 2011	10.13
Apr 2011	11.50
Mar 2011	11.49
Feb 2011	11.84
Jan 2011	12.24
Dec 2010	14
Nov 2010	15.41
Oct 2010	15.41
Sep 2010	14.05
Aug 2010	11.98
Jul 2010	11.92
Jun 2010	12.83
May 2010	11.72
Apr 2010	11.95
Mar 2010	11.62
Feb 2010	11.62
Jan 2010	12.61
Dec 2009	16.11
Nov 2009	16.11
Oct 2009	16.20
Sep 2009	14.78
Aug 2009	13.69
Jul 2009	12.03
Jun 2009	15.30
May 2009	14.01
Apr 2009	9.55
Mar 2009	7.99
Feb 2009	6.64
Jan 2009	7.55
Dec 2008	6.59
Nov 2008	6.01
Oct 2008	9.97
Sep 2008	9.97
Aug 2008	12.56
Jul 2008	12.78
Jun 2008	13.13
May 2008	11.29
Apr 2008	12.83
Mar 2008	11.94
Feb 2008	9.65
Jan 2008	8.54
Dec 2007	13.39
Nov 2007	13.59
Oct 2007	13.31
Sep 2007	9.82
Aug 2007	9.82
Jul 2007	15.09
Jun 2007	14.77
May 2007	13.24
Apr 2007	12.23
Mar 2007	11.31
Feb 2007	13.03
Jan 2007	9.39
Dec 2006	9.39
Nov 2006	8.32
Oct 2006	7.91
Sep 2006	7.33
Aug 2006	7.33
Jul 2006	7.25
Jun 2006	7.62
May 2006	8.04
Apr 2006	16.29
Mar 2006	16.23
Feb 2006	22.61
Jan 2006	29.59
Dec 2005	16.25
Nov 2005	17.93
Oct 2005	19.30
Sep 2005	14.78
Aug 2005	15.87
Jul 2005	19.40
Jun 2005	21.39
May 2005	16.49
Apr 2005	12.13
Mar 2005	23.73
Feb 2005	23.73
Jan 2005	23.73
Dec 2004	23.73
Nov 2004	21.49
Oct 2004	20.41
Sep 2004	20.40
Aug 2004	21.20
Jul 2004	21.20
Jun 2004	18.30
May 2004	12.23
Apr 2004	7.57
Mar 2004	7.57
Feb 2004	8.87
Jan 2004	11.76
Dec 2003	11.76
Nov 2003	10.24
Oct 2003	9.44
Sep 2003	8.53
Aug 2003	8.35
Jul 2003	7.93
Jun 2003	7.10
May 2003	4.72
Apr 2003	3.97
Mar 2003	5.54
Feb 2003	5.76
Jan 2003	6.19
Dec 2002	6.82
Nov 2002	5.94
Oct 2002	5.95
Sep 2002	5.95
Aug 2002	6.34
Jul 2002	6.73
Jun 2002	7.10
May 2002	8.89
Apr 2002	8.17
Mar 2002	7.76
Feb 2002	7.54
Jan 2002	5.59
Dec 2001	5.36
Nov 2001	5.04
Oct 2001	5.64
Sep 2001	7.49
Aug 2001	8.18
Jul 2001	8.61
Jun 2001	9.64
May 2001	8.58
Apr 2001	8.82
Mar 2001	9.18
Feb 2001	9.48
Jan 2001	9.20
Dec 2000	8.78
Nov 2000	8.43
Oct 2000	8.86
Sep 2000	9.28
Aug 2000	9.13
Jul 2000	9.51
Jun 2000	10.74
May 2000	10.98
Apr 2000	11.39
Mar 2000	13.19
Feb 2000	12.99
Jan 2000	12.51
Dec 1999	10.83
Nov 1999	10.44
Oct 1999	10.38
Sep 1999	10.38
Aug 1999	9.97
Jul 1999	9.97
Jun 1999	9.72
May 1999	9.72
Apr 1999	8.38
Mar 1999	8.03
Feb 1999	7.68
Jan 1999	7.43
Dec 1998	7.43
Nov 1998	6.83
Oct 1998	7.01
Sep 1998	7.47
Aug 1998	8.56
Jul 1998	10.50
Jun 1998	10.26
May 1998	10.26
Apr 1998	10.71
Mar 1998	9.80
Feb 1998	10.63
Jan 1998	10.63
Dec 1997	10.14
Nov 1997	9.78
Oct 1997	11.14
Sep 1997	11.84
Aug 1997	12.28
Jul 1997	12.98
Jun 1997	12.98
May 1997	12.18
Apr 1997	11.77
Mar 1997	11.53
Feb 1997	11.53
Jan 1997	10.51
Dec 1996	9.69
Nov 1996	10.82
Oct 1996	11.27
Sep 1996	11.51
Aug 1996	11.51
Jul 1996	11.20
Jun 1996	11.20

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (13.05) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
United States	26.43	90.80	Expensive
Canada	19.39	95	Expensive
Brazil	10.37	51.70	Fair Value
Mexico	13.72	57.50	Fair Value
Argentina	12.79	73.30	Overvalued

Definition: Trailing P/E Ratio

The trailing P/E ratio for Peru 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.