Denmark Stock Market: current P/E Ratio

18.65
Last update: 22 April 2024

The estimated P/E Ratio for Denmark Stock Market is 18.65, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [15.16 , 23.76]. 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.

22 April 2024 · P/E Ratio: 18.65
22 April 2024 · P/E Ratio: 18.65 · 1Y Average: 13.19 · 1 Std Dev range: [12.03 , 14.34] · 2 Std Dev range: [10.88 , 15.49]
22 April 2024 · P/E Ratio: 18.65 · 5Y Average: 19.46 · 1 Std Dev range: [15.16 , 23.76] · 2 Std Dev range: [10.86 , 28.05]
22 April 2024 · P/E Ratio: 18.65 · 10Y Average: 18.47 · 1 Std Dev range: [16.11 , 20.83] · 2 Std Dev range: [13.75 , 23.19]
22 April 2024 · P/E Ratio: 18.65 · 20Y Average: 16.32 · 1 Std Dev range: [14.55 , 18.10] · 2 Std Dev range: [12.77 , 19.88]
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".
22 April 2024 · P/E Ratio: 18.65 · 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
( 18.65 )
Deviation
vs μ
Valuation
Last 1Y 13.19 1.15 [10.88 · 12.03 , 14.34 · 15.49]
+4.74 σ
Expensive
Last 2Y 13.78 1.90 [9.98 · 11.88 , 15.68 · 17.58]
+2.56 σ
Expensive
Last 3Y 16.08 3.62 [8.84 · 12.46 , 19.70 · 23.33]
+0.71 σ
Fair
Last 4Y 18.75 4.97 [8.82 · 13.78 , 23.72 · 28.69]
-0.02 σ
Fair
Last 5Y 19.46 4.30 [10.86 · 15.16 , 23.76 · 28.05]
-0.19 σ
Fair
Last 6Y 18.97 3.74 [11.49 · 15.23 , 22.70 · 26.44]
-0.09 σ
Fair
Last 7Y 18.71 3.31 [12.09 · 15.40 , 22.02 · 25.33]
-0.02 σ
Fair
Last 8Y 18.44 2.90 [12.64 · 15.54 , 21.35 · 24.25]
+0.07 σ
Fair
Last 9Y 18.49 2.58 [13.33 · 15.91 , 21.07 · 23.65]
+0.06 σ
Fair
Last 10Y 18.47 2.36 [13.75 · 16.11 , 20.83 · 23.19]
+0.08 σ
Fair
Last 11Y 18.06 2.24 [13.58 · 15.82 , 20.31 · 22.55]
+0.26 σ
Fair
Last 12Y 17.78 2.17 [13.45 · 15.62 , 19.95 · 22.12]
+0.40 σ
Fair
Last 13Y 17.37 2.19 [12.99 · 15.18 , 19.56 · 21.75]
+0.58 σ
Fair
Last 14Y 17.15 2.11 [12.92 · 15.04 , 19.26 · 21.38]
+0.71 σ
Fair
Last 15Y 17.15 2.02 [13.11 · 15.13 , 19.16 · 21.18]
+0.74 σ
Fair
Last 16Y 16.78 2.07 [12.64 · 14.71 , 18.85 · 20.92]
+0.90 σ
Fair
Last 17Y 16.64 1.99 [12.65 · 14.65 , 18.64 · 20.63]
+1.01 σ
Overvalued
Last 18Y 16.51 1.87 [12.77 · 14.64 , 18.38 · 20.25]
+1.14 σ
Overvalued
Last 19Y 16.37 1.82 [12.73 · 14.55 , 18.20 · 20.02]
+1.24 σ
Overvalued
Last 20Y 16.32 1.78 [12.77 · 14.55 , 18.10 · 19.88]
+1.31 σ
Overvalued

P/E Comparison

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

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Denmark 18.65
+4.74 σ -0.19 σ +0.08 σ +1.31 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Developed ex-US 14.67
+2.53 σ +0.16 σ +0.51 σ +1.03 σ

Denmark Stock Market Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +8.56% 22 Apr
Short Term Price vs SMA50 -1.21% 22 Apr
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.