Sweden Stock Market: current P/E Ratio

15.00
Last update: 24 May 2024

The estimated P/E Ratio for Sweden Stock Market is 15.00, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [14.16 , 17.76]. 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.

24 May 2024 · P/E Ratio: 15.00
24 May 2024 · P/E Ratio: 15.00 · 1Y Average: 13.66 · 1 Std Dev range: [12.30 , 15.02] · 2 Std Dev range: [10.94 , 16.38]
24 May 2024 · P/E Ratio: 15.00 · 5Y Average: 15.96 · 1 Std Dev range: [14.16 , 17.76] · 2 Std Dev range: [12.36 , 19.57]
24 May 2024 · P/E Ratio: 15.00 · 10Y Average: 15.74 · 1 Std Dev range: [14.61 , 16.86] · 2 Std Dev range: [13.49 , 17.99]
24 May 2024 · P/E Ratio: 15.00 · 20Y Average: 14.61 · 1 Std Dev range: [13.24 , 15.98] · 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".
24 May 2024 · P/E Ratio: 15.00 · Last Periods metrics
Show all periods
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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
( 15.00 )
Deviation
vs μ
Valuation
Last 1Y 13.66 1.36 [10.94 · 12.30 , 15.02 · 16.38]
+0.98 σ
Fair
Last 2Y 14.04 1.20 [11.64 · 12.84 , 15.24 · 16.44]
+0.80 σ
Fair
Last 3Y 15.12 1.68 [11.77 · 13.45 , 16.80 · 18.48]
-0.08 σ
Fair
Last 4Y 16.12 1.99 [12.13 · 14.13 , 18.11 · 20.10]
-0.56 σ
Fair
Last 5Y 15.96 1.80 [12.36 · 14.16 , 17.76 · 19.57]
-0.54 σ
Fair
Last 6Y 15.72 1.56 [12.59 · 14.16 , 17.29 · 18.85]
-0.46 σ
Fair
Last 7Y 15.83 1.39 [13.06 · 14.45 , 17.22 · 18.60]
-0.60 σ
Fair
Last 8Y 15.81 1.24 [13.33 · 14.57 , 17.04 · 18.28]
-0.66 σ
Fair
Last 9Y 15.68 1.19 [13.30 · 14.49 , 16.87 · 18.06]
-0.58 σ
Fair
Last 10Y 15.74 1.13 [13.49 · 14.61 , 16.86 · 17.99]
-0.66 σ
Fair
Last 11Y 15.60 1.07 [13.47 · 14.53 , 16.67 · 17.74]
-0.57 σ
Fair
Last 12Y 15.39 1.15 [13.09 · 14.24 , 16.54 · 17.69]
-0.35 σ
Fair
Last 13Y 15.11 1.30 [12.50 · 13.80 , 16.41 · 17.72]
-0.09 σ
Fair
Last 14Y 14.94 1.33 [12.28 · 13.61 , 16.28 · 17.61]
+0.04 σ
Fair
Last 15Y 15.10 1.33 [12.44 · 13.77 , 16.43 · 17.76]
-0.08 σ
Fair
Last 16Y 14.87 1.47 [11.92 · 13.39 , 16.34 · 17.81]
+0.09 σ
Fair
Last 17Y 14.72 1.53 [11.65 · 13.18 , 16.25 · 17.78]
+0.18 σ
Fair
Last 18Y 14.63 1.50 [11.63 · 13.13 , 16.12 · 17.62]
+0.25 σ
Fair
Last 19Y 14.61 1.43 [11.74 · 13.17 , 16.04 · 17.47]
+0.27 σ
Fair
Last 20Y 14.61 1.37 [11.87 · 13.24 , 15.98 · 17.34]
+0.28 σ
Fair

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Sweden 15.00
+0.98 σ -0.54 σ -0.66 σ +0.28 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

Sweden Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +13.40% 24 May
Short Term Price vs SMA50 +4.10% 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.