Spain Stock Market: current P/E Ratio

10.81
Last update: 24 May 2024

The estimated P/E Ratio for Spain Stock Market is 10.81, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [10.10 , 13.36]. 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.

24 May 2024 · P/E Ratio: 10.81
24 May 2024 · P/E Ratio: 10.81 · 1Y Average: 10.10 · 1 Std Dev range: [9.87 , 10.32] · 2 Std Dev range: [9.65 , 10.55]
24 May 2024 · P/E Ratio: 10.81 · 5Y Average: 11.73 · 1 Std Dev range: [10.10 , 13.36] · 2 Std Dev range: [8.47 , 14.99]
24 May 2024 · P/E Ratio: 10.81 · 10Y Average: 12.35 · 1 Std Dev range: [10.94 , 13.77] · 2 Std Dev range: [9.53 , 15.18]
24 May 2024 · P/E Ratio: 10.81 · 20Y Average: 11.70 · 1 Std Dev range: [10.20 , 13.20] · 2 Std Dev range: [8.70 , 14.69]
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: 10.81 · 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
( 10.81 )
Deviation
vs μ
Valuation
Last 1Y 10.10 0.23 [9.65 · 9.87 , 10.32 · 10.55]
+3.16 σ
Expensive
Last 2Y 10.15 0.40 [9.35 · 9.75 , 10.55 · 10.95]
+1.65 σ
Overvalued
Last 3Y 10.69 0.81 [9.08 · 9.88 , 11.50 · 12.30]
+0.15 σ
Fair
Last 4Y 11.78 1.80 [8.17 · 9.98 , 13.59 · 15.39]
-0.54 σ
Fair
Last 5Y 11.73 1.63 [8.47 · 10.10 , 13.36 · 14.99]
-0.56 σ
Fair
Last 6Y 11.50 1.38 [8.75 · 10.13 , 12.88 · 14.25]
-0.50 σ
Fair
Last 7Y 11.74 1.34 [9.06 · 10.40 , 13.08 · 14.43]
-0.69 σ
Fair
Last 8Y 11.86 1.24 [9.38 · 10.62 , 13.10 · 14.34]
-0.85 σ
Fair
Last 9Y 12.00 1.24 [9.52 · 10.76 , 13.24 · 14.48]
-0.96 σ
Fair
Last 10Y 12.35 1.41 [9.53 · 10.94 , 13.77 · 15.18]
-1.10 σ
Undervalued
Last 11Y 12.41 1.39 [9.62 · 11.02 , 13.80 · 15.19]
-1.15 σ
Undervalued
Last 12Y 12.19 1.44 [9.32 · 10.76 , 13.63 · 15.07]
-0.96 σ
Fair
Last 13Y 11.91 1.53 [8.85 · 10.38 , 13.45 · 14.98]
-0.72 σ
Fair
Last 14Y 11.67 1.63 [8.42 · 10.05 , 13.30 · 14.92]
-0.53 σ
Fair
Last 15Y 11.60 1.60 [8.41 · 10.00 , 13.19 · 14.79]
-0.50 σ
Fair
Last 16Y 11.38 1.65 [8.09 · 9.73 , 13.02 · 14.67]
-0.35 σ
Fair
Last 17Y 11.40 1.59 [8.23 · 9.81 , 12.99 · 14.58]
-0.37 σ
Fair
Last 18Y 11.48 1.55 [8.38 · 9.93 , 13.03 · 14.59]
-0.43 σ
Fair
Last 19Y 11.57 1.52 [8.54 · 10.06 , 13.09 · 14.61]
-0.50 σ
Fair
Last 20Y 11.70 1.50 [8.70 · 10.20 , 13.20 · 14.69]
-0.59 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Spain 10.81
+3.16 σ -0.56 σ -1.10 σ -0.59 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

Spain Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +11.77% 24 May
Short Term Price vs SMA50 +3.68% 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.