19.89
Last update: 17 May 2024
The estimated P/E Ratio for Denmark Stock Market is 19.89, calculated on 17 May 2024.
Considering the last 5 years, an average P/E interval is [15.15 , 23.75]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EDEN Etf, whose benchmark is the Denmark 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 Denmark Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
17 May 2024 · P/E Ratio: 19.89
17 May 2024 · P/E Ratio: 19.89 ·
1Y Average: 13.55 ·
1 Std Dev range: [12.13 , 14.98] ·
2 Std Dev range: [10.70 , 16.41]
17 May 2024 · P/E Ratio: 19.89 ·
5Y Average: 19.45 ·
1 Std Dev range: [15.15 , 23.75] ·
2 Std Dev range: [10.85 , 28.05]
17 May 2024 · P/E Ratio: 19.89 ·
10Y Average: 18.49 ·
1 Std Dev range: [16.13 , 20.84] ·
2 Std Dev range: [13.78 , 23.19]
17 May 2024 · P/E Ratio: 19.89 ·
20Y Average: 16.34 ·
1 Std Dev range: [14.56 , 18.13] ·
2 Std Dev range: [12.78 , 19.91]
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".
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".
17 May 2024 · P/E Ratio: 19.89 · Last Periods metrics
Show all periods
Swipe left to see all data
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 ( 19.89 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 13.55 | 1.43 | [10.70 · 12.13 , 14.98 · 16.41] |
|
+4.44 σ |
Expensive
|
| Last 2Y | 13.78 | 1.90 | [9.98 · 11.88 , 15.68 · 17.58] |
|
+3.22 σ |
Expensive
|
| Last 3Y | 15.90 | 3.35 | [9.21 · 12.55 , 19.24 · 22.59] |
|
+1.19 σ |
Overvalued
|
| Last 4Y | 18.58 | 4.86 | [8.87 · 13.73 , 23.44 · 28.29] |
|
+0.27 σ |
Fair
|
| Last 5Y | 19.45 | 4.30 | [10.85 · 15.15 , 23.75 · 28.05] |
|
+0.10 σ |
Fair
|
| Last 6Y | 18.99 | 3.73 | [11.53 · 15.26 , 22.72 · 26.45] |
|
+0.24 σ |
Fair
|
| Last 7Y | 18.73 | 3.30 | [12.13 · 15.43 , 22.04 · 25.34] |
|
+0.35 σ |
Fair
|
| Last 8Y | 18.44 | 2.90 | [12.64 · 15.54 , 21.33 · 24.23] |
|
+0.50 σ |
Fair
|
| Last 9Y | 18.47 | 2.57 | [13.32 · 15.89 , 21.04 · 23.62] |
|
+0.55 σ |
Fair
|
| Last 10Y | 18.49 | 2.35 | [13.78 · 16.13 , 20.84 · 23.19] |
|
+0.59 σ |
Fair
|
| Last 11Y | 18.09 | 2.23 | [13.63 · 15.86 , 20.32 · 22.55] |
|
+0.80 σ |
Fair
|
| Last 12Y | 17.81 | 2.16 | [13.48 · 15.64 , 19.97 · 22.13] |
|
+0.96 σ |
Fair
|
| Last 13Y | 17.41 | 2.18 | [13.05 · 15.23 , 19.58 · 21.76] |
|
+1.14 σ |
Overvalued
|
| Last 14Y | 17.17 | 2.12 | [12.93 · 15.05 , 19.28 · 21.40] |
|
+1.28 σ |
Overvalued
|
| Last 15Y | 17.18 | 2.00 | [13.18 · 15.18 , 19.18 · 21.18] |
|
+1.35 σ |
Overvalued
|
| Last 16Y | 16.81 | 2.05 | [12.70 · 14.76 , 18.87 · 20.92] |
|
+1.50 σ |
Overvalued
|
| Last 17Y | 16.66 | 2.00 | [12.66 · 14.66 , 18.66 · 20.66] |
|
+1.62 σ |
Overvalued
|
| Last 18Y | 16.53 | 1.88 | [12.77 · 14.65 , 18.40 · 20.28] |
|
+1.79 σ |
Overvalued
|
| Last 19Y | 16.40 | 1.83 | [12.74 · 14.57 , 18.22 · 20.05] |
|
+1.91 σ |
Overvalued
|
| Last 20Y | 16.34 | 1.78 | [12.78 · 14.56 , 18.13 · 19.91] |
|
+1.99 σ |
Overvalued
|
P/E Comparison
How is the Denmark Stock Market P/E Ratio, compared to other global ratios?
Swipe left to see all data
| Deviation vs μ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
|
Denmark | 19.89 |
|
+4.44 σ | +0.10 σ | +0.59 σ | +1.99 σ | |
| All World | 21.20 |
|
+5.06 σ | +2.85 σ | +4.34 σ | +4.88 σ | ||
| Developed ex-US | 16.25 |
|
+5.25 σ | +1.42 σ | +2.44 σ | +2.45 σ | ||
Denmark Stock Market Trend
Trend is evaluated considering the price of the EDEN Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +15.15% | 17 May | |
| Short Term | Price vs SMA50 | +5.03% | 17 May |
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.