10.34
Last update: 17 January 2025
The estimated P/E Ratio for Norway Stock Market is 10.34, calculated on 17 January 2025.
Considering the last 5 years, an average P/E interval is [8.79 , 13.96]. 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.
17 January 2025 · P/E Ratio: 10.34
17 January 2025 · P/E Ratio: 10.34 ·
1Y Average: 10.28 ·
1 Std Dev range: [9.23 , 11.34] ·
2 Std Dev range: [8.18 , 12.39]
17 January 2025 · P/E Ratio: 10.34 ·
5Y Average: 11.37 ·
1 Std Dev range: [8.79 , 13.96] ·
2 Std Dev range: [6.21 , 16.54]
17 January 2025 · P/E Ratio: 10.34 ·
10Y Average: 12.55 ·
1 Std Dev range: [10.77 , 14.33] ·
2 Std Dev range: [8.99 , 16.12]
17 January 2025 · P/E Ratio: 10.34 ·
20Y Average: 11.56 ·
1 Std Dev range: [9.98 , 13.13] ·
2 Std Dev range: [8.40 , 14.71]
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".
17 January 2025 · P/E Ratio: 10.34 · 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 ( 10.34 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 10.28 | 1.05 | [8.18 · 9.23 , 11.34 · 12.39] |
|
+0.05 σ |
Fair
|
| Last 2Y | 8.99 | 1.41 | [6.17 · 7.58 , 10.40 · 11.80] |
|
+0.96 σ |
Fair
|
| Last 3Y | 9.04 | 1.27 | [6.51 · 7.78 , 10.31 · 11.58] |
|
+1.02 σ |
Overvalued
|
| Last 4Y | 10.10 | 1.89 | [6.31 · 8.21 , 11.99 · 13.88] |
|
+0.13 σ |
Fair
|
| Last 5Y | 11.37 | 2.58 | [6.21 · 8.79 , 13.96 · 16.54] |
|
-0.40 σ |
Fair
|
| Last 6Y | 11.63 | 2.28 | [7.08 · 9.35 , 13.91 · 16.19] |
|
-0.57 σ |
Fair
|
| Last 7Y | 11.93 | 2.13 | [7.67 · 9.80 , 14.06 · 16.19] |
|
-0.75 σ |
Fair
|
| Last 8Y | 12.25 | 2.05 | [8.14 · 10.20 , 14.30 · 16.35] |
|
-0.93 σ |
Fair
|
| Last 9Y | 12.52 | 1.97 | [8.59 · 10.55 , 14.48 · 16.45] |
|
-1.11 σ |
Undervalued
|
| Last 10Y | 12.55 | 1.78 | [8.99 · 10.77 , 14.33 · 16.12] |
|
-1.24 σ |
Undervalued
|
| Last 11Y | 12.40 | 1.67 | [9.06 · 10.73 , 14.07 · 15.74] |
|
-1.23 σ |
Undervalued
|
| Last 12Y | 12.22 | 1.65 | [8.91 · 10.56 , 13.87 · 15.52] |
|
-1.13 σ |
Undervalued
|
| Last 13Y | 11.97 | 1.70 | [8.57 · 10.27 , 13.67 · 15.37] |
|
-0.96 σ |
Fair
|
| Last 14Y | 11.76 | 1.74 | [8.29 · 10.03 , 13.50 · 15.23] |
|
-0.82 σ |
Fair
|
| Last 15Y | 11.65 | 1.72 | [8.21 · 9.93 , 13.37 · 15.09] |
|
-0.76 σ |
Fair
|
| Last 16Y | 11.51 | 1.70 | [8.12 · 9.82 , 13.21 · 14.91] |
|
-0.69 σ |
Fair
|
| Last 17Y | 11.38 | 1.73 | [7.93 · 9.66 , 13.11 · 14.84] |
|
-0.61 σ |
Fair
|
| Last 18Y | 11.47 | 1.68 | [8.11 · 9.79 , 13.15 · 14.83] |
|
-0.67 σ |
Fair
|
| Last 19Y | 11.47 | 1.62 | [8.23 · 9.85 , 13.08 · 14.70] |
|
-0.70 σ |
Fair
|
| Last 20Y | 11.56 | 1.58 | [8.41 · 9.98 , 13.13 · 14.71] |
|
-0.77 σ |
Fair
|
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 | 10.34 |
|
+0.05 σ | -0.40 σ | -1.24 σ | -0.77 σ | |
| All World | 21.60 |
|
+1.63 σ | +2.57 σ | +3.64 σ | +4.47 σ | ||
| Developed ex-US | 16.40 |
|
+1.32 σ | +1.13 σ | +2.10 σ | +2.54 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 | -3.99% | 17 Jan | |
| Short Term | Price vs SMA50 | -1.01% | 17 Jan |
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.