Greece Stock Market: current P/E Ratio

7.57
Last update: 24 May 2024

The estimated P/E Ratio for Greece Stock Market is 7.57, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [8.89 , 13.09]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the GREK Etf, whose benchmark is the Greece 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 Greece 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: 7.57
24 May 2024 · P/E Ratio: 7.57 · 1Y Average: 7.11 · 1 Std Dev range: [6.93 , 7.28] · 2 Std Dev range: [6.76 , 7.45]
24 May 2024 · P/E Ratio: 7.57 · 5Y Average: 10.99 · 1 Std Dev range: [8.89 , 13.09] · 2 Std Dev range: [6.79 , 15.19]
24 May 2024 · P/E Ratio: 7.57 · 10Y Average: 11.76 · 1 Std Dev range: [9.98 , 13.53] · 2 Std Dev range: [8.21 , 15.30]
24 May 2024 · P/E Ratio: 7.57 · 20Y Average: 11.54 · 1 Std Dev range: [9.32 , 13.75] · 2 Std Dev range: [7.10 , 15.97]
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: 7.57 · 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
( 7.57 )
Deviation
vs μ
Valuation
Last 1Y 7.11 0.17 [6.76 · 6.93 , 7.28 · 7.45]
+2.70 σ
Expensive
Last 2Y 8.07 1.17 [5.74 · 6.90 , 9.23 · 10.40]
-0.43 σ
Fair
Last 3Y 9.44 2.07 [5.30 · 7.37 , 11.51 · 13.58]
-0.91 σ
Fair
Last 4Y 10.40 2.21 [5.98 · 8.19 , 12.61 · 14.82]
-1.28 σ
Undervalued
Last 5Y 10.99 2.10 [6.79 · 8.89 , 13.09 · 15.19]
-1.63 σ
Undervalued
Last 6Y 11.24 1.90 [7.44 · 9.34 , 13.14 · 15.04]
-1.94 σ
Undervalued
Last 7Y 11.73 1.93 [7.87 · 9.80 , 13.67 · 15.60]
-2.16 σ
Cheap
Last 8Y 11.89 1.74 [8.40 · 10.15 , 13.63 · 15.37]
-2.48 σ
Cheap
Last 9Y 11.59 1.80 [7.99 · 9.79 , 13.38 · 15.18]
-2.24 σ
Cheap
Last 10Y 11.76 1.77 [8.21 · 9.98 , 13.53 · 15.30]
-2.36 σ
Cheap
Last 11Y 11.96 1.77 [8.42 · 10.19 , 13.72 · 15.49]
-2.48 σ
Cheap
Last 12Y 11.92 1.87 [8.18 · 10.05 , 13.79 · 15.67]
-2.33 σ
Cheap
Last 13Y 11.49 2.15 [7.18 · 9.33 , 13.64 · 15.80]
-1.82 σ
Undervalued
Last 14Y 11.23 2.21 [6.82 · 9.02 , 13.43 · 15.64]
-1.66 σ
Undervalued
Last 15Y 11.14 2.15 [6.83 · 8.99 , 13.29 · 15.45]
-1.66 σ
Undervalued
Last 16Y 10.86 2.23 [6.40 · 8.63 , 13.09 · 15.32]
-1.48 σ
Undervalued
Last 17Y 10.98 2.20 [6.57 · 8.78 , 13.19 · 15.39]
-1.55 σ
Undervalued
Last 18Y 11.13 2.18 [6.77 · 8.95 , 13.31 · 15.49]
-1.63 σ
Undervalued
Last 19Y 11.35 2.24 [6.87 · 9.11 , 13.58 · 15.82]
-1.69 σ
Undervalued
Last 20Y 11.54 2.22 [7.10 · 9.32 , 13.75 · 15.97]
-1.79 σ
Undervalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Greece 7.57
+2.70 σ -1.63 σ -2.36 σ -1.79 σ
All World 19.49
+2.86 σ +1.68 σ +2.95 σ +3.66 σ
Emerging Markets 14.41
+4.30 σ +0.71 σ +1.46 σ +1.63 σ

Greece Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +12.37% 24 May
Short Term Price vs SMA50 +4.42% 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.