9.27
Last update: 03 May 2024
The estimated P/E Ratio for Norway Stock Market is 9.27, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [9.04 , 14.32]. For this reason, the current P/E can be considered Fair
P/E Ratio is calculated on the NORW Etf, whose benchmark is the Norway 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 Norway Stock Market P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.
03 May 2024 · P/E Ratio: 9.27
03 May 2024 · P/E Ratio: 9.27 ·
1Y Average: 8.15 ·
1 Std Dev range: [7.33 , 8.97] ·
2 Std Dev range: [6.51 , 9.79]
03 May 2024 · P/E Ratio: 9.27 ·
5Y Average: 11.68 ·
1 Std Dev range: [9.04 , 14.32] ·
2 Std Dev range: [6.40 , 16.96]
03 May 2024 · P/E Ratio: 9.27 ·
10Y Average: 12.58 ·
1 Std Dev range: [10.81 , 14.35] ·
2 Std Dev range: [9.03 , 16.12]
03 May 2024 · P/E Ratio: 9.27 ·
20Y Average: 11.56 ·
1 Std Dev range: [10.00 , 13.13] ·
2 Std Dev range: [8.43 , 14.70]
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".
03 May 2024 · P/E Ratio: 9.27 · 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 ( 9.27 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 8.15 | 0.82 | [6.51 · 7.33 , 8.97 · 9.79] |
|
+1.37 σ |
Overvalued
|
| Last 2Y | 8.18 | 0.75 | [6.69 · 7.43 , 8.92 · 9.67] |
|
+1.47 σ |
Overvalued
|
| Last 3Y | 9.27 | 1.63 | [6.02 · 7.65 , 10.90 · 12.53] |
|
-0.00 σ |
Fair
|
| Last 4Y | 10.99 | 2.89 | [5.21 · 8.10 , 13.88 · 16.77] |
|
-0.59 σ |
Fair
|
| Last 5Y | 11.68 | 2.64 | [6.41 · 9.04 , 14.32 · 16.96] |
|
-0.91 σ |
Fair
|
| Last 6Y | 11.87 | 2.31 | [7.25 · 9.56 , 14.18 · 16.49] |
|
-1.13 σ |
Undervalued
|
| Last 7Y | 12.31 | 2.23 | [7.86 · 10.08 , 14.54 · 16.76] |
|
-1.36 σ |
Undervalued
|
| Last 8Y | 12.57 | 2.09 | [8.40 · 10.48 , 14.66 · 16.74] |
|
-1.58 σ |
Undervalued
|
| Last 9Y | 12.60 | 1.93 | [8.75 · 10.68 , 14.53 · 16.46] |
|
-1.73 σ |
Undervalued
|
| Last 10Y | 12.58 | 1.77 | [9.03 · 10.81 , 14.35 · 16.12] |
|
-1.87 σ |
Undervalued
|
| Last 11Y | 12.36 | 1.71 | [8.94 · 10.65 , 14.07 · 15.78] |
|
-1.81 σ |
Undervalued
|
| Last 12Y | 12.11 | 1.77 | [8.58 · 10.35 , 13.88 · 15.64] |
|
-1.61 σ |
Undervalued
|
| Last 13Y | 11.85 | 1.81 | [8.22 · 10.03 , 13.66 · 15.47] |
|
-1.42 σ |
Undervalued
|
| Last 14Y | 11.67 | 1.80 | [8.08 · 9.88 , 13.47 · 15.27] |
|
-1.34 σ |
Undervalued
|
| Last 15Y | 11.63 | 1.73 | [8.18 · 9.91 , 13.36 · 15.09] |
|
-1.37 σ |
Undervalued
|
| Last 16Y | 11.39 | 1.80 | [7.78 · 9.59 , 13.20 · 15.00] |
|
-1.18 σ |
Undervalued
|
| Last 17Y | 11.48 | 1.76 | [7.96 · 9.72 , 13.24 · 15.00] |
|
-1.25 σ |
Undervalued
|
| Last 18Y | 11.47 | 1.68 | [8.10 · 9.78 , 13.15 · 14.83] |
|
-1.30 σ |
Undervalued
|
| Last 19Y | 11.53 | 1.64 | [8.25 · 9.89 , 13.17 · 14.81] |
|
-1.38 σ |
Undervalued
|
| Last 20Y | 11.56 | 1.57 | [8.43 · 10.00 , 13.13 · 14.70] |
|
-1.46 σ |
Undervalued
|
P/E Comparison
How is the Norway 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 | |||
|
|
Norway | 9.27 |
|
+1.37 σ | -0.91 σ | -1.87 σ | -1.46 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
| Developed ex-US | 15.04 |
|
+2.64 σ | +0.44 σ | +0.94 σ | +1.36 σ | ||
Norway Stock Market Trend
Trend is evaluated considering the price of the NORW Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +3.50% | 03 May | |
| Short Term | Price vs SMA50 | +2.55% | 03 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.