9.96
Last update: 20 December 2024
The estimated P/E Ratio for Spain Stock Market is 9.96, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [9.84 , 13.29]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EWP Etf, whose benchmark is the Spain 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 Spain 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: 9.96
20 December 2024 · P/E Ratio: 9.96 ·
1Y Average: 9.97 ·
1 Std Dev range: [9.75 , 10.19] ·
2 Std Dev range: [9.53 , 10.41]
20 December 2024 · P/E Ratio: 9.96 ·
5Y Average: 11.57 ·
1 Std Dev range: [9.84 , 13.29] ·
2 Std Dev range: [8.12 , 15.02]
20 December 2024 · P/E Ratio: 9.96 ·
10Y Average: 12.05 ·
1 Std Dev range: [10.68 , 13.42] ·
2 Std Dev range: [9.30 , 14.79]
20 December 2024 · P/E Ratio: 9.96 ·
20Y Average: 11.60 ·
1 Std Dev range: [10.09 , 13.11] ·
2 Std Dev range: [8.58 , 14.61]
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: 9.96 · 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 ( 9.96 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 9.97 | 0.22 | [9.53 · 9.75 , 10.19 · 10.41] |
|
-0.04 σ |
Fair
|
| Last 2Y | 10.26 | 0.37 | [9.51 · 9.89 , 10.63 · 11.00] |
|
-0.80 σ |
Fair
|
| Last 3Y | 10.28 | 0.46 | [9.36 · 9.82 , 10.73 · 11.19] |
|
-0.69 σ |
Fair
|
| Last 4Y | 10.94 | 1.21 | [8.51 · 9.73 , 12.16 · 13.37] |
|
-0.81 σ |
Fair
|
| Last 5Y | 11.57 | 1.73 | [8.12 · 9.84 , 13.29 · 15.02] |
|
-0.93 σ |
Fair
|
| Last 6Y | 11.38 | 1.44 | [8.49 · 9.93 , 12.82 · 14.26] |
|
-0.98 σ |
Fair
|
| Last 7Y | 11.40 | 1.28 | [8.84 · 10.12 , 12.69 · 13.97] |
|
-1.13 σ |
Undervalued
|
| Last 8Y | 11.66 | 1.31 | [9.04 · 10.35 , 12.97 · 14.28] |
|
-1.30 σ |
Undervalued
|
| Last 9Y | 11.72 | 1.22 | [9.29 · 10.51 , 12.94 · 14.15] |
|
-1.45 σ |
Undervalued
|
| Last 10Y | 12.05 | 1.37 | [9.30 · 10.68 , 13.42 · 14.79] |
|
-1.52 σ |
Undervalued
|
| Last 11Y | 12.28 | 1.46 | [9.37 · 10.83 , 13.74 · 15.20] |
|
-1.59 σ |
Undervalued
|
| Last 12Y | 12.20 | 1.43 | [9.33 · 10.77 , 13.63 · 15.06] |
|
-1.56 σ |
Undervalued
|
| Last 13Y | 11.96 | 1.47 | [9.02 · 10.49 , 13.43 · 14.90] |
|
-1.36 σ |
Undervalued
|
| Last 14Y | 11.72 | 1.56 | [8.59 · 10.16 , 13.29 · 14.85] |
|
-1.13 σ |
Undervalued
|
| Last 15Y | 11.57 | 1.61 | [8.35 · 9.96 , 13.18 · 14.79] |
|
-1.00 σ |
Undervalued
|
| Last 16Y | 11.42 | 1.59 | [8.24 · 9.83 , 13.02 · 14.61] |
|
-0.92 σ |
Fair
|
| Last 17Y | 11.30 | 1.59 | [8.12 · 9.71 , 12.89 · 14.47] |
|
-0.84 σ |
Fair
|
| Last 18Y | 11.38 | 1.55 | [8.28 · 9.83 , 12.94 · 14.49] |
|
-0.92 σ |
Fair
|
| Last 19Y | 11.47 | 1.52 | [8.43 · 9.95 , 12.99 · 14.51] |
|
-0.99 σ |
Fair
|
| Last 20Y | 11.60 | 1.51 | [8.58 · 10.09 , 13.11 · 14.61] |
|
-1.09 σ |
Undervalued
|
P/E Comparison
How is the Spain 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 | |||
|
|
Spain | 9.96 |
|
-0.04 σ | -0.93 σ | -1.52 σ | -1.09 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 | ||
Spain Stock Market Trend
Trend is evaluated considering the price of the EWP Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -6.02% | 20 Dec | |
| Short Term | Price vs SMA50 | -7.41% | 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.