The estimated P/E Ratio for Denmark Stock Market is 19.64, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [15.17 , 23.77]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the EDEN Etf, whose benchmark is the Denmark 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 Denmark Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
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".
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 ( 19.64 ) |
Deviation vs μ |
Valuation |
Last 1Y | 15.02 | 2.39 | [10.24 · 12.63 , 17.41 · 19.81] |
|
+1.93 σ |
Overvalued
|
Last 2Y | 13.97 | 2.23 | [9.51 · 11.74 , 16.20 · 18.42] |
|
+2.54 σ |
Expensive
|
Last 3Y | 15.61 | 2.81 | [9.99 · 12.80 , 18.42 · 21.24] |
|
+1.43 σ |
Overvalued
|
Last 4Y | 18.26 | 4.57 | [9.12 · 13.69 , 22.82 · 27.39] |
|
+0.30 σ |
Fair
|
Last 5Y | 19.47 | 4.30 | [10.87 · 15.17 , 23.77 · 28.07] |
|
+0.04 σ |
Fair
|
Last 6Y | 19.06 | 3.72 | [11.62 · 15.34 , 22.78 · 26.50] |
|
+0.15 σ |
Fair
|
Last 7Y | 18.80 | 3.30 | [12.21 · 15.50 , 22.10 · 25.39] |
|
+0.25 σ |
Fair
|
Last 8Y | 18.46 | 2.90 | [12.65 · 15.55 , 21.36 · 24.26] |
|
+0.41 σ |
Fair
|
Last 9Y | 18.47 | 2.57 | [13.33 · 15.90 , 21.04 · 23.61] |
|
+0.45 σ |
Fair
|
Last 10Y | 18.53 | 2.35 | [13.83 · 16.18 , 20.88 · 23.24] |
|
+0.47 σ |
Fair
|
Last 11Y | 18.18 | 2.19 | [13.80 · 15.99 , 20.37 · 22.56] |
|
+0.66 σ |
Fair
|
Last 12Y | 17.89 | 2.14 | [13.62 · 15.75 , 20.02 · 22.16] |
|
+0.82 σ |
Fair
|
Last 13Y | 17.50 | 2.15 | [13.20 · 15.35 , 19.65 · 21.79] |
|
+1.00 σ |
Fair
|
Last 14Y | 17.22 | 2.13 | [12.97 · 15.10 , 19.35 · 21.48] |
|
+1.13 σ |
Overvalued
|
Last 15Y | 17.23 | 2.01 | [13.20 · 15.21 , 19.24 · 21.26] |
|
+1.19 σ |
Overvalued
|
Last 16Y | 16.89 | 2.04 | [12.80 · 14.84 , 18.93 · 20.98] |
|
+1.34 σ |
Overvalued
|
Last 17Y | 16.69 | 2.03 | [12.64 · 14.67 , 18.72 · 20.74] |
|
+1.45 σ |
Overvalued
|
Last 18Y | 16.58 | 1.89 | [12.80 · 14.69 , 18.47 · 20.37] |
|
+1.61 σ |
Overvalued
|
Last 19Y | 16.45 | 1.84 | [12.77 · 14.61 , 18.30 · 20.14] |
|
+1.73 σ |
Overvalued
|
Last 20Y | 16.39 | 1.81 | [12.78 · 14.58 , 18.20 · 20.00] |
|
+1.80 σ |
Overvalued
|
P/E Comparison
How is the Denmark Stock Market P/E Ratio, compared to other global ratios?
Deviation vs μ | ||||||||
---|---|---|---|---|---|---|---|---|
Trend | P/E | 1Y | 5Y | 10Y | 20Y | |||
|
Denmark | 19.64 |
|
+1.93 σ | +0.04 σ | +0.47 σ | +1.80 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 |
Denmark Stock Market Trend
Trend is evaluated considering the price of the EDEN Etf and its 200/50-day moving averages (SMA).
Trend | Indicator | Valuation | Margin | |
---|---|---|---|---|
Long Term | Price vs SMA200 | +7.38% | 26 Jul | |
Short Term | Price vs SMA50 | -1.54% | 26 Jul |