OPEN-SOURCE SCRIPT
Updated PE Fair Value
In short, it’s an automated fair value estimator based on the price-to-earnings model, with full manual control if TradingView’s fundamental data is missing.
Summary:
1. Lets the user choose the EPS source – either automatically from TradingView fundamentals (EPS TTM) or a manual value.
2. Attempts to fetch the stock’s P/E ratio (TTM) automatically; if unavailable, it uses a manual fallback P/E.
3. Calculates:
4. Plots the fair-value line on the chart for visual comparison.
5. Displays a table in the top-right corner showing:
6. Creates alerts when the stock is trading above or below the calculated fair value.
7. Also plots the current closing price for reference.
Summary:
1. Lets the user choose the EPS source – either automatically from TradingView fundamentals (EPS TTM) or a manual value.
2. Attempts to fetch the stock’s P/E ratio (TTM) automatically; if unavailable, it uses a manual fallback P/E.
3. Calculates:
- Actual P/E = current price ÷ EPS
- Fair Value = EPS × chosen (auto/manual) P/E
- Percentage difference between market price and fair value
4. Plots the fair-value line on the chart for visual comparison.
5. Displays a table in the top-right corner showing:
- EPS used
- Target P/E
- Actual P/E
- Fair value
- Current price
- Difference vs fair value (colored green or red)
6. Creates alerts when the stock is trading above or below the calculated fair value.
7. Also plots the current closing price for reference.
Release Notes
UI update position and colorsRelease Notes
Update UIRelease Notes
code fixOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.