Denmark Stock Market: current P/E Ratio

19.64
Last update: 26 July 2024

The estimated P/E Ratio for Denmark Stock Market is 19.64, calculated on 26 July 2024.

Considering the last 5 years, an average P/E interval is [15.17 , 23.77]. 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.

26 July 2024 · P/E Ratio: 19.64
26 July 2024 · P/E Ratio: 19.64 · 1Y Average: 15.02 · 1 Std Dev range: [12.63 , 17.41] · 2 Std Dev range: [10.24 , 19.81]
26 July 2024 · P/E Ratio: 19.64 · 5Y Average: 19.47 · 1 Std Dev range: [15.17 , 23.77] · 2 Std Dev range: [10.87 , 28.07]
26 July 2024 · P/E Ratio: 19.64 · 10Y Average: 18.53 · 1 Std Dev range: [16.18 , 20.88] · 2 Std Dev range: [13.83 , 23.24]
26 July 2024 · P/E Ratio: 19.64 · 20Y Average: 16.39 · 1 Std Dev range: [14.58 , 18.20] · 2 Std Dev range: [12.78 , 20.00]
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".
26 July 2024 · P/E Ratio: 19.64 · 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
( 19.64 )		 Deviation
vs μ		 Valuation
Last 1Y 15.02 2.39 [10.24 · 12.63 , 17.41 · 19.81]
+1.93 σ
Overvalued
Last 2Y 13.97 2.23 [9.51 · 11.74 , 16.20 · 18.42]
+2.54 σ
Expensive
Last 3Y 15.61 2.81 [9.99 · 12.80 , 18.42 · 21.24]
+1.43 σ
Overvalued
Last 4Y 18.26 4.57 [9.12 · 13.69 , 22.82 · 27.39]
+0.30 σ
Fair
Last 5Y 19.47 4.30 [10.87 · 15.17 , 23.77 · 28.07]
+0.04 σ
Fair
Last 6Y 19.06 3.72 [11.62 · 15.34 , 22.78 · 26.50]
+0.15 σ
Fair
Last 7Y 18.80 3.30 [12.21 · 15.50 , 22.10 · 25.39]
+0.25 σ
Fair
Last 8Y 18.46 2.90 [12.65 · 15.55 , 21.36 · 24.26]
+0.41 σ
Fair
Last 9Y 18.47 2.57 [13.33 · 15.90 , 21.04 · 23.61]
+0.45 σ
Fair
Last 10Y 18.53 2.35 [13.83 · 16.18 , 20.88 · 23.24]
+0.47 σ
Fair
Last 11Y 18.18 2.19 [13.80 · 15.99 , 20.37 · 22.56]
+0.66 σ
Fair
Last 12Y 17.89 2.14 [13.62 · 15.75 , 20.02 · 22.16]
+0.82 σ
Fair
Last 13Y 17.50 2.15 [13.20 · 15.35 , 19.65 · 21.79]
+1.00 σ
Fair
Last 14Y 17.22 2.13 [12.97 · 15.10 , 19.35 · 21.48]
+1.13 σ
Overvalued
Last 15Y 17.23 2.01 [13.20 · 15.21 , 19.24 · 21.26]
+1.19 σ
Overvalued
Last 16Y 16.89 2.04 [12.80 · 14.84 , 18.93 · 20.98]
+1.34 σ
Overvalued
Last 17Y 16.69 2.03 [12.64 · 14.67 , 18.72 · 20.74]
+1.45 σ
Overvalued
Last 18Y 16.58 1.89 [12.80 · 14.69 , 18.47 · 20.37]
+1.61 σ
Overvalued
Last 19Y 16.45 1.84 [12.77 · 14.61 , 18.30 · 20.14]
+1.73 σ
Overvalued
Last 20Y 16.39 1.81 [12.78 · 14.58 , 18.20 · 20.00]
+1.80 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 19.64
+1.93 σ +0.04 σ +0.47 σ +1.80 σ
All World 20.34
+2.49 σ +2.12 σ +3.43 σ +4.13 σ
Developed ex-US 16.49
+3.85 σ +1.53 σ +2.61 σ +2.67 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 +7.38% 26 Jul
Short Term Price vs SMA50 -1.54% 26 Jul
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.