Denmark Stock Market: current P/E Ratio

19.88
Last update: 24 May 2024

The estimated P/E Ratio for Denmark Stock Market is 19.88, calculated on 24 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.

24 May 2024 · P/E Ratio: 19.88
24 May 2024 · P/E Ratio: 19.88 · 1Y Average: 13.55 · 1 Std Dev range: [12.13 , 14.98] · 2 Std Dev range: [10.70 , 16.41]
24 May 2024 · P/E Ratio: 19.88 · 5Y Average: 19.45 · 1 Std Dev range: [15.15 , 23.75] · 2 Std Dev range: [10.85 , 28.05]
24 May 2024 · P/E Ratio: 19.88 · 10Y Average: 18.49 · 1 Std Dev range: [16.13 , 20.84] · 2 Std Dev range: [13.78 , 23.19]
24 May 2024 · P/E Ratio: 19.88 · 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".
24 May 2024 · P/E Ratio: 19.88 · Last Periods metrics
Show all periods
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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
( 19.88 )
Deviation
vs μ
Valuation
Last 1Y 13.55 1.43 [10.70 · 12.13 , 14.98 · 16.41]
+4.43 σ
Expensive
Last 2Y 13.78 1.90 [9.98 · 11.88 , 15.68 · 17.58]
+3.21 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]
+1.49 σ
Overvalued
Last 17Y 16.66 2.00 [12.66 · 14.66 , 18.66 · 20.66]
+1.61 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]
+1.98 σ
Overvalued

P/E Comparison

How is the Denmark Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Denmark 19.88
+4.43 σ +0.10 σ +0.59 σ +1.98 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Developed ex-US 16.13
+5.00 σ +1.32 σ +2.30 σ +2.35 σ

Denmark Stock Market Trend

Trend is evaluated considering the price of the EDEN Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +14.56% 24 May
Short Term Price vs SMA50 +4.66% 24 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.