13.65
Last update: 20 December 2024
The estimated P/E Ratio for Sweden Stock Market is 13.65, calculated on 20 December 2024.
Considering the last 5 years, an average P/E interval is [14.12 , 17.78]. For this reason, the current P/E can be considered Undervalued
P/E Ratio is calculated on the EWD Etf, whose benchmark is the Sweden 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 Sweden 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: 13.65
20 December 2024 · P/E Ratio: 13.65 ·
1Y Average: 14.37 ·
1 Std Dev range: [13.82 , 14.92] ·
2 Std Dev range: [13.27 , 15.47]
20 December 2024 · P/E Ratio: 13.65 ·
5Y Average: 15.95 ·
1 Std Dev range: [14.12 , 17.78] ·
2 Std Dev range: [12.29 , 19.61]
20 December 2024 · P/E Ratio: 13.65 ·
10Y Average: 15.70 ·
1 Std Dev range: [14.53 , 16.87] ·
2 Std Dev range: [13.36 , 18.03]
20 December 2024 · P/E Ratio: 13.65 ·
20Y Average: 14.62 ·
1 Std Dev range: [13.25 , 15.99] ·
2 Std Dev range: [11.88 , 17.37]
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: 13.65 · 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 ( 13.65 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 14.37 | 0.55 | [13.27 · 13.82 , 14.92 · 15.47] |
|
-1.31 σ |
Undervalued
|
| Last 2Y | 14.40 | 1.22 | [11.96 · 13.18 , 15.62 · 16.84] |
|
-0.61 σ |
Fair
|
| Last 3Y | 14.41 | 1.09 | [12.22 · 13.31 , 15.50 · 16.60] |
|
-0.69 σ |
Fair
|
| Last 4Y | 15.45 | 1.80 | [11.85 · 13.65 , 17.24 · 19.04] |
|
-1.00 σ |
Fair
|
| Last 5Y | 15.95 | 1.83 | [12.29 · 14.12 , 17.78 · 19.61] |
|
-1.25 σ |
Undervalued
|
| Last 6Y | 15.63 | 1.62 | [12.38 · 14.01 , 17.25 · 18.88] |
|
-1.22 σ |
Undervalued
|
| Last 7Y | 15.63 | 1.43 | [12.76 · 14.20 , 17.06 · 18.49] |
|
-1.38 σ |
Undervalued
|
| Last 8Y | 15.75 | 1.29 | [13.18 · 14.46 , 17.03 · 18.32] |
|
-1.63 σ |
Undervalued
|
| Last 9Y | 15.64 | 1.20 | [13.23 · 14.44 , 16.84 · 18.04] |
|
-1.65 σ |
Undervalued
|
| Last 10Y | 15.70 | 1.17 | [13.36 · 14.53 , 16.87 · 18.03] |
|
-1.75 σ |
Undervalued
|
| Last 11Y | 15.61 | 1.06 | [13.49 · 14.55 , 16.68 · 17.74] |
|
-1.84 σ |
Undervalued
|
| Last 12Y | 15.47 | 1.07 | [13.33 · 14.40 , 16.54 · 17.61] |
|
-1.70 σ |
Undervalued
|
| Last 13Y | 15.22 | 1.18 | [12.87 · 14.04 , 16.40 · 17.57] |
|
-1.33 σ |
Undervalued
|
| Last 14Y | 15.00 | 1.31 | [12.39 · 13.69 , 16.30 · 17.61] |
|
-1.03 σ |
Undervalued
|
| Last 15Y | 14.99 | 1.28 | [12.43 · 13.71 , 16.27 · 17.55] |
|
-1.04 σ |
Undervalued
|
| Last 16Y | 14.99 | 1.33 | [12.34 · 13.67 , 16.32 · 17.65] |
|
-1.01 σ |
Undervalued
|
| Last 17Y | 14.75 | 1.52 | [11.72 · 13.23 , 16.27 · 17.79] |
|
-0.72 σ |
Fair
|
| Last 18Y | 14.69 | 1.46 | [11.78 · 13.24 , 16.15 · 17.61] |
|
-0.71 σ |
Fair
|
| Last 19Y | 14.63 | 1.44 | [11.75 · 13.19 , 16.06 · 17.50] |
|
-0.68 σ |
Fair
|
| Last 20Y | 14.62 | 1.37 | [11.88 · 13.25 , 15.99 · 17.37] |
|
-0.71 σ |
Fair
|
P/E Comparison
How is the Sweden 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 | |||
|
|
Sweden | 13.65 |
|
-1.31 σ | -1.25 σ | -1.75 σ | -0.71 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 | ||
Sweden Stock Market Trend
Trend is evaluated considering the price of the EWD Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -7.40% | 20 Dec | |
| Short Term | Price vs SMA50 | -5.41% | 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.