Greece Stock Market: current P/E Ratio

7.67
Last update: 22 April 2024

The estimated P/E Ratio for Greece Stock Market is 7.67, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [9.03 , 13.16]. For this reason, the current P/E can be considered Undervalued

P/E Ratio is calculated on the GREK Etf, whose benchmark is the Greece 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 Greece 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: 7.67
22 April 2024 · P/E Ratio: 7.67 · 1Y Average: 7.04 · 1 Std Dev range: [6.85 , 7.24] · 2 Std Dev range: [6.65 , 7.43]
22 April 2024 · P/E Ratio: 7.67 · 5Y Average: 11.09 · 1 Std Dev range: [9.03 , 13.16] · 2 Std Dev range: [6.97 , 15.22]
22 April 2024 · P/E Ratio: 7.67 · 10Y Average: 11.83 · 1 Std Dev range: [10.08 , 13.57] · 2 Std Dev range: [8.33 , 15.32]
22 April 2024 · P/E Ratio: 7.67 · 20Y Average: 11.57 · 1 Std Dev range: [9.36 , 13.78] · 2 Std Dev range: [7.15 , 15.99]
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: 7.67 · 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
( 7.67 )
Deviation
vs μ
Valuation
Last 1Y 7.04 0.20 [6.65 · 6.85 , 7.24 · 7.43]
+3.20 σ
Expensive
Last 2Y 8.18 1.23 [5.72 · 6.95 , 9.41 · 10.64]
-0.42 σ
Fair
Last 3Y 9.62 2.12 [5.37 · 7.49 , 11.74 · 13.86]
-0.92 σ
Fair
Last 4Y 10.48 2.17 [6.15 · 8.32 , 12.65 · 14.82]
-1.30 σ
Undervalued
Last 5Y 11.09 2.06 [6.97 · 9.03 , 13.16 · 15.22]
-1.66 σ
Undervalued
Last 6Y 11.34 1.86 [7.62 · 9.48 , 13.21 · 15.07]
-1.97 σ
Undervalued
Last 7Y 11.83 1.89 [8.05 · 9.94 , 13.71 · 15.60]
-2.20 σ
Cheap
Last 8Y 11.93 1.68 [8.58 · 10.26 , 13.61 · 15.29]
-2.54 σ
Cheap
Last 9Y 11.59 1.79 [8.00 · 9.79 , 13.38 · 15.18]
-2.18 σ
Cheap
Last 10Y 11.83 1.75 [8.33 · 10.08 , 13.57 · 15.32]
-2.38 σ
Cheap
Last 11Y 12.01 1.73 [8.56 · 10.29 , 13.74 · 15.46]
-2.52 σ
Cheap
Last 12Y 11.92 1.88 [8.17 · 10.04 , 13.80 · 15.67]
-2.27 σ
Cheap
Last 13Y 11.49 2.15 [7.20 · 9.34 , 13.64 · 15.79]
-1.78 σ
Undervalued
Last 14Y 11.23 2.20 [6.84 · 9.04 , 13.43 · 15.63]
-1.62 σ
Undervalued
Last 15Y 11.14 2.15 [6.83 · 8.99 , 13.29 · 15.45]
-1.61 σ
Undervalued
Last 16Y 10.87 2.22 [6.44 · 8.66 , 13.09 · 15.31]
-1.45 σ
Undervalued
Last 17Y 11.02 2.20 [6.61 · 8.82 , 13.23 · 15.43]
-1.52 σ
Undervalued
Last 18Y 11.17 2.18 [6.81 · 8.99 , 13.34 · 15.52]
-1.61 σ
Undervalued
Last 19Y 11.38 2.23 [6.92 · 9.15 , 13.62 · 15.85]
-1.66 σ
Undervalued
Last 20Y 11.57 2.21 [7.15 · 9.36 , 13.78 · 15.99]
-1.77 σ
Undervalued

P/E Comparison

How is the Greece 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
Greece 7.67
+3.20 σ -1.66 σ -2.38 σ -1.77 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Emerging Markets 13.32
+2.01 σ -0.04 σ +0.27 σ +0.64 σ

Greece Stock Market Trend

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

Swipe left to see all data
Trend Indicator Valuation Margin
Long Term Price vs SMA200 +6.84% 22 Apr
Short Term Price vs SMA50 +0.13% 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.