Norway Stock Market: current P/E Ratio

11.38
Last update: 24 May 2024

The estimated P/E Ratio for Norway Stock Market is 11.38, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [9.04 , 14.32]. 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.

24 May 2024 · P/E Ratio: 11.38
24 May 2024 · P/E Ratio: 11.38 · 1Y Average: 8.15 · 1 Std Dev range: [7.33 , 8.97] · 2 Std Dev range: [6.51 , 9.79]
24 May 2024 · P/E Ratio: 11.38 · 5Y Average: 11.68 · 1 Std Dev range: [9.04 , 14.32] · 2 Std Dev range: [6.40 , 16.96]
24 May 2024 · P/E Ratio: 11.38 · 10Y Average: 12.58 · 1 Std Dev range: [10.81 , 14.35] · 2 Std Dev range: [9.03 , 16.12]
24 May 2024 · P/E Ratio: 11.38 · 20Y Average: 11.56 · 1 Std Dev range: [10.00 , 13.13] · 2 Std Dev range: [8.43 , 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".
24 May 2024 · P/E Ratio: 11.38 · 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
( 11.38 )
Deviation
vs μ
Valuation
Last 1Y 8.15 0.82 [6.51 · 7.33 , 8.97 · 9.79]
+3.94 σ
Expensive
Last 2Y 8.18 0.75 [6.69 · 7.43 , 8.92 · 9.67]
+4.30 σ
Expensive
Last 3Y 9.27 1.63 [6.02 · 7.65 , 10.90 · 12.53]
+1.29 σ
Overvalued
Last 4Y 10.99 2.89 [5.21 · 8.10 , 13.88 · 16.77]
+0.14 σ
Fair
Last 5Y 11.68 2.64 [6.41 · 9.04 , 14.32 · 16.96]
-0.11 σ
Fair
Last 6Y 11.87 2.31 [7.25 · 9.56 , 14.18 · 16.49]
-0.21 σ
Fair
Last 7Y 12.31 2.23 [7.86 · 10.08 , 14.54 · 16.76]
-0.42 σ
Fair
Last 8Y 12.57 2.09 [8.40 · 10.48 , 14.66 · 16.74]
-0.57 σ
Fair
Last 9Y 12.60 1.93 [8.75 · 10.68 , 14.53 · 16.46]
-0.64 σ
Fair
Last 10Y 12.58 1.77 [9.03 · 10.81 , 14.35 · 16.12]
-0.68 σ
Fair
Last 11Y 12.36 1.71 [8.94 · 10.65 , 14.07 · 15.78]
-0.57 σ
Fair
Last 12Y 12.11 1.77 [8.58 · 10.35 , 13.88 · 15.64]
-0.41 σ
Fair
Last 13Y 11.85 1.81 [8.22 · 10.03 , 13.66 · 15.47]
-0.26 σ
Fair
Last 14Y 11.67 1.80 [8.08 · 9.88 , 13.47 · 15.27]
-0.16 σ
Fair
Last 15Y 11.63 1.73 [8.18 · 9.91 , 13.36 · 15.09]
-0.15 σ
Fair
Last 16Y 11.39 1.80 [7.78 · 9.59 , 13.20 · 15.00]
-0.01 σ
Fair
Last 17Y 11.48 1.76 [7.96 · 9.72 , 13.24 · 15.00]
-0.06 σ
Fair
Last 18Y 11.47 1.68 [8.10 · 9.78 , 13.15 · 14.83]
-0.05 σ
Fair
Last 19Y 11.53 1.64 [8.25 · 9.89 , 13.17 · 14.81]
-0.09 σ
Fair
Last 20Y 11.56 1.57 [8.43 · 10.00 , 13.13 · 14.70]
-0.12 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 11.38
+3.94 σ -0.11 σ -0.68 σ -0.12 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

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 +10.02% 24 May
Short Term Price vs SMA50 +6.85% 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.