14.42
Last update: 26 July 2024
The estimated P/E Ratio for Sweden Stock Market is 14.42, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [14.17 , 17.77]. For this reason, the current P/E can be considered Fair
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.
26 July 2024 · P/E Ratio: 14.42
26 July 2024 · P/E Ratio: 14.42 ·
1Y Average: 13.50 ·
1 Std Dev range: [12.30 , 14.70] ·
2 Std Dev range: [11.10 , 15.90]
26 July 2024 · P/E Ratio: 14.42 ·
5Y Average: 15.97 ·
1 Std Dev range: [14.17 , 17.77] ·
2 Std Dev range: [12.38 , 19.57]
26 July 2024 · P/E Ratio: 14.42 ·
10Y Average: 15.72 ·
1 Std Dev range: [14.58 , 16.86] ·
2 Std Dev range: [13.44 , 18.00]
26 July 2024 · P/E Ratio: 14.42 ·
20Y Average: 14.61 ·
1 Std Dev range: [13.24 , 15.97] ·
2 Std Dev range: [11.87 , 17.34]
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".
26 July 2024 · P/E Ratio: 14.42 · 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 ( 14.42 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 13.50 | 1.20 | [11.10 · 12.30 , 14.70 · 15.90] |
|
+0.77 σ |
Fair
|
| Last 2Y | 14.14 | 1.21 | [11.73 · 12.94 , 15.35 · 16.56] |
|
+0.23 σ |
Fair
|
| Last 3Y | 14.88 | 1.48 | [11.93 · 13.40 , 16.36 · 17.84] |
|
-0.31 σ |
Fair
|
| Last 4Y | 15.91 | 1.93 | [12.06 · 13.98 , 17.83 · 19.76] |
|
-0.77 σ |
Fair
|
| Last 5Y | 15.97 | 1.80 | [12.38 · 14.17 , 17.77 · 19.57] |
|
-0.86 σ |
Fair
|
| Last 6Y | 15.68 | 1.58 | [12.52 · 14.10 , 17.26 · 18.84] |
|
-0.80 σ |
Fair
|
| Last 7Y | 15.76 | 1.39 | [12.98 · 14.37 , 17.15 · 18.54] |
|
-0.96 σ |
Fair
|
| Last 8Y | 15.81 | 1.23 | [13.34 · 14.58 , 17.04 · 18.28] |
|
-1.12 σ |
Undervalued
|
| Last 9Y | 15.65 | 1.20 | [13.25 · 14.45 , 16.85 · 18.05] |
|
-1.02 σ |
Undervalued
|
| Last 10Y | 15.72 | 1.14 | [13.44 · 14.58 , 16.86 · 18.00] |
|
-1.14 σ |
Undervalued
|
| Last 11Y | 15.61 | 1.06 | [13.49 · 14.55 , 16.67 · 17.73] |
|
-1.12 σ |
Undervalued
|
| Last 12Y | 15.42 | 1.12 | [13.18 · 14.30 , 16.54 · 17.65] |
|
-0.89 σ |
Fair
|
| Last 13Y | 15.14 | 1.27 | [12.60 · 13.87 , 16.41 · 17.68] |
|
-0.57 σ |
Fair
|
| Last 14Y | 14.95 | 1.33 | [12.29 · 13.62 , 16.28 · 17.61] |
|
-0.40 σ |
Fair
|
| Last 15Y | 15.08 | 1.32 | [12.43 · 13.75 , 16.40 · 17.73] |
|
-0.49 σ |
Fair
|
| Last 16Y | 14.90 | 1.43 | [12.05 · 13.48 , 16.33 · 17.76] |
|
-0.34 σ |
Fair
|
| Last 17Y | 14.71 | 1.53 | [11.64 · 13.18 , 16.25 · 17.78] |
|
-0.19 σ |
Fair
|
| Last 18Y | 14.65 | 1.48 | [11.69 · 13.17 , 16.13 · 17.61] |
|
-0.15 σ |
Fair
|
| Last 19Y | 14.62 | 1.43 | [11.76 · 13.19 , 16.04 · 17.47] |
|
-0.13 σ |
Fair
|
| Last 20Y | 14.61 | 1.37 | [11.87 · 13.24 , 15.97 · 17.34] |
|
-0.13 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 | 14.42 |
|
+0.77 σ | -0.86 σ | -1.14 σ | -0.13 σ | |
| All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 σ | ||
| Developed ex-US | 16.49 |
|
+3.85 σ | +1.53 σ | +2.61 σ | +2.67 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 | +3.32% | 26 Jul | |
| Short Term | Price vs SMA50 | -3.07% | 26 Jul |
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.