10.18
Last update: 20 December 2024
The estimated P/E Ratio for Norway Stock Market is 10.18, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [8.85 , 14.04]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the NORW Etf, whose benchmark is the Norway 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 Norway Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
20 December 2024 · P/E Ratio: 10.18
20 December 2024 · P/E Ratio: 10.18 ·
1Y Average: 10.31 ·
1 Std Dev range: [9.26 , 11.36] ·
2 Std Dev range: [8.20 , 12.41]
20 December 2024 · P/E Ratio: 10.18 ·
5Y Average: 11.44 ·
1 Std Dev range: [8.85 , 14.04] ·
2 Std Dev range: [6.26 , 16.63]
20 December 2024 · P/E Ratio: 10.18 ·
10Y Average: 12.55 ·
1 Std Dev range: [10.77 , 14.33] ·
2 Std Dev range: [8.99 , 16.12]
20 December 2024 · P/E Ratio: 10.18 ·
20Y Average: 11.56 ·
1 Std Dev range: [9.99 , 13.13] ·
2 Std Dev range: [8.42 , 14.70]
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".
20 December 2024 · P/E Ratio: 10.18 · 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 ( 10.18 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 10.31 | 1.05 | [8.20 · 9.26 , 11.36 · 12.41] |
|
-0.12 σ |
Fair
|
| Last 2Y | 8.89 | 1.39 | [6.10 · 7.50 , 10.28 · 11.68] |
|
+0.93 σ |
Fair
|
| Last 3Y | 9.10 | 1.34 | [6.41 · 7.76 , 10.44 · 11.78] |
|
+0.81 σ |
Fair
|
| Last 4Y | 10.21 | 2.02 | [6.18 · 8.20 , 12.23 · 14.25] |
|
-0.01 σ |
Fair
|
| Last 5Y | 11.44 | 2.59 | [6.26 · 8.85 , 14.04 · 16.63] |
|
-0.49 σ |
Fair
|
| Last 6Y | 11.67 | 2.27 | [7.13 · 9.40 , 13.94 · 16.21] |
|
-0.65 σ |
Fair
|
| Last 7Y | 12.00 | 2.14 | [7.72 · 9.86 , 14.13 · 16.27] |
|
-0.85 σ |
Fair
|
| Last 8Y | 12.31 | 2.05 | [8.20 · 10.25 , 14.36 · 16.41] |
|
-1.03 σ |
Undervalued
|
| Last 9Y | 12.55 | 1.95 | [8.65 · 10.60 , 14.49 · 16.44] |
|
-1.21 σ |
Undervalued
|
| Last 10Y | 12.55 | 1.78 | [8.99 · 10.77 , 14.33 · 16.12] |
|
-1.33 σ |
Undervalued
|
| Last 11Y | 12.41 | 1.66 | [9.09 · 10.75 , 14.07 · 15.73] |
|
-1.34 σ |
Undervalued
|
| Last 12Y | 12.22 | 1.65 | [8.91 · 10.56 , 13.87 · 15.52] |
|
-1.23 σ |
Undervalued
|
| Last 13Y | 11.96 | 1.71 | [8.54 · 10.25 , 13.67 · 15.38] |
|
-1.04 σ |
Undervalued
|
| Last 14Y | 11.76 | 1.74 | [8.29 · 10.03 , 13.50 · 15.23] |
|
-0.91 σ |
Fair
|
| Last 15Y | 11.66 | 1.71 | [8.23 · 9.95 , 13.38 · 15.09] |
|
-0.86 σ |
Fair
|
| Last 16Y | 11.50 | 1.71 | [8.08 · 9.79 , 13.21 · 14.92] |
|
-0.77 σ |
Fair
|
| Last 17Y | 11.40 | 1.73 | [7.95 · 9.67 , 13.13 · 14.85] |
|
-0.71 σ |
Fair
|
| Last 18Y | 11.48 | 1.68 | [8.13 · 9.80 , 13.16 · 14.84] |
|
-0.77 σ |
Fair
|
| Last 19Y | 11.48 | 1.61 | [8.25 · 9.86 , 13.09 · 14.71] |
|
-0.80 σ |
Fair
|
| Last 20Y | 11.56 | 1.57 | [8.42 · 9.99 , 13.13 · 14.70] |
|
-0.88 σ |
Fair
|
P/E Comparison
How is the Norway 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 | |||
|
|
Norway | 10.18 |
|
-0.12 σ | -0.49 σ | -1.33 σ | -0.88 σ | |
| All World | 20.46 |
|
+0.66 σ | +1.89 σ | +2.96 σ | +3.83 σ | ||
| Developed ex-US | 15.24 |
|
-0.08 σ | +0.27 σ | +0.86 σ | +1.52 σ | ||
Norway Stock Market Trend
Trend is evaluated considering the price of the NORW Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -6.75% | 20 Dec | |
| Short Term | Price vs SMA50 | -5.52% | 20 Dec |
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.