10.91
Last update: 20 November 2024
The estimated P/E Ratio for Norway Stock Market is 10.91, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [8.88 , 14.08]. 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.
20 November 2024 · P/E Ratio: 10.91
20 November 2024 · P/E Ratio: 10.91 ·
1Y Average: 10.13 ·
1 Std Dev range: [9.05 , 11.20] ·
2 Std Dev range: [7.98 , 12.28]
20 November 2024 · P/E Ratio: 10.91 ·
5Y Average: 11.48 ·
1 Std Dev range: [8.88 , 14.08] ·
2 Std Dev range: [6.29 , 16.67]
20 November 2024 · P/E Ratio: 10.91 ·
10Y Average: 12.55 ·
1 Std Dev range: [10.77 , 14.33] ·
2 Std Dev range: [8.98 , 16.12]
20 November 2024 · P/E Ratio: 10.91 ·
20Y Average: 11.56 ·
1 Std Dev range: [9.99 , 13.13] ·
2 Std Dev range: [8.42 , 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".
20 November 2024 · P/E Ratio: 10.91 · 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 ( 10.91 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 10.13 | 1.07 | [7.98 · 9.05 , 11.20 · 12.28] |
|
+0.73 σ |
Fair
|
| Last 2Y | 8.73 | 1.33 | [6.08 · 7.40 , 10.06 · 11.39] |
|
+1.64 σ |
Overvalued
|
| Last 3Y | 9.13 | 1.39 | [6.35 · 7.74 , 10.51 · 11.90] |
|
+1.29 σ |
Overvalued
|
| Last 4Y | 10.33 | 2.17 | [5.98 · 8.16 , 12.50 · 14.68] |
|
+0.27 σ |
Fair
|
| Last 5Y | 11.48 | 2.60 | [6.29 · 8.88 , 14.08 · 16.67] |
|
-0.22 σ |
Fair
|
| Last 6Y | 11.68 | 2.27 | [7.15 · 9.41 , 13.95 · 16.21] |
|
-0.34 σ |
Fair
|
| Last 7Y | 12.05 | 2.16 | [7.74 · 9.89 , 14.21 · 16.36] |
|
-0.53 σ |
Fair
|
| Last 8Y | 12.35 | 2.06 | [8.23 · 10.29 , 14.41 · 16.47] |
|
-0.70 σ |
Fair
|
| Last 9Y | 12.57 | 1.94 | [8.69 · 10.63 , 14.51 · 16.45] |
|
-0.85 σ |
Fair
|
| Last 10Y | 12.55 | 1.78 | [8.98 · 10.77 , 14.33 · 16.12] |
|
-0.92 σ |
Fair
|
| Last 11Y | 12.41 | 1.66 | [9.10 · 10.76 , 14.07 · 15.73] |
|
-0.90 σ |
Fair
|
| Last 12Y | 12.21 | 1.66 | [8.88 · 10.54 , 13.87 · 15.53] |
|
-0.78 σ |
Fair
|
| Last 13Y | 11.94 | 1.73 | [8.49 · 10.21 , 13.67 · 15.40] |
|
-0.60 σ |
Fair
|
| Last 14Y | 11.75 | 1.74 | [8.27 · 10.01 , 13.50 · 15.24] |
|
-0.48 σ |
Fair
|
| Last 15Y | 11.67 | 1.71 | [8.24 · 9.95 , 13.38 · 15.09] |
|
-0.44 σ |
Fair
|
| Last 16Y | 11.49 | 1.73 | [8.04 · 9.76 , 13.21 · 14.94] |
|
-0.33 σ |
Fair
|
| Last 17Y | 11.41 | 1.73 | [7.96 · 9.68 , 13.14 · 14.87] |
|
-0.29 σ |
Fair
|
| Last 18Y | 11.49 | 1.68 | [8.13 · 9.81 , 13.16 · 14.84] |
|
-0.34 σ |
Fair
|
| Last 19Y | 11.49 | 1.61 | [8.26 · 9.87 , 13.10 · 14.71] |
|
-0.35 σ |
Fair
|
| Last 20Y | 11.56 | 1.57 | [8.42 · 9.99 , 13.13 · 14.71] |
|
-0.41 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 | 10.91 |
|
+0.73 σ | -0.22 σ | -0.92 σ | -0.41 σ | |
| All World | 21.24 |
|
+1.65 σ | +2.51 σ | +3.63 σ | +4.41 σ | ||
| Developed ex-US | 15.95 |
|
+0.98 σ | +0.84 σ | +1.69 σ | +2.16 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 | +0.34% | 20 Nov | |
| Short Term | Price vs SMA50 | -0.23% | 20 Nov |
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.