11.24
Last update: 26 July 2024
The estimated P/E Ratio for Norway Stock Market is 11.24, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [9.00 , 14.26]. 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.
26 July 2024 · P/E Ratio: 11.24
26 July 2024 · P/E Ratio: 11.24 ·
1Y Average: 8.78 ·
1 Std Dev range: [8.02 , 9.54] ·
2 Std Dev range: [7.26 , 10.29]
26 July 2024 · P/E Ratio: 11.24 ·
5Y Average: 11.63 ·
1 Std Dev range: [9.00 , 14.26] ·
2 Std Dev range: [6.37 , 16.88]
26 July 2024 · P/E Ratio: 11.24 ·
10Y Average: 12.56 ·
1 Std Dev range: [10.78 , 14.34] ·
2 Std Dev range: [9.00 , 16.12]
26 July 2024 · P/E Ratio: 11.24 ·
20Y Average: 11.56 ·
1 Std Dev range: [9.99 , 13.13] ·
2 Std Dev range: [8.42 , 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".
26 July 2024 · P/E Ratio: 11.24 · 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 ( 11.24 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 8.78 | 0.76 | [7.26 · 8.02 , 9.54 · 10.29] |
|
+3.25 σ |
Expensive
|
| Last 2Y | 8.18 | 0.75 | [6.68 · 7.43 , 8.93 · 9.69] |
|
+4.07 σ |
Expensive
|
| Last 3Y | 9.20 | 1.50 | [6.21 · 7.70 , 10.69 · 12.19] |
|
+1.37 σ |
Overvalued
|
| Last 4Y | 10.76 | 2.66 | [5.43 · 8.09 , 13.42 · 16.09] |
|
+0.18 σ |
Fair
|
| Last 5Y | 11.63 | 2.63 | [6.37 · 9.00 , 14.26 · 16.88] |
|
-0.15 σ |
Fair
|
| Last 6Y | 11.80 | 2.29 | [7.22 · 9.51 , 14.09 · 16.38] |
|
-0.24 σ |
Fair
|
| Last 7Y | 12.24 | 2.22 | [7.80 · 10.02 , 14.46 · 16.68] |
|
-0.45 σ |
Fair
|
| Last 8Y | 12.50 | 2.08 | [8.34 · 10.42 , 14.58 · 16.65] |
|
-0.60 σ |
Fair
|
| Last 9Y | 12.58 | 1.94 | [8.71 · 10.64 , 14.51 · 16.45] |
|
-0.69 σ |
Fair
|
| Last 10Y | 12.56 | 1.78 | [9.00 · 10.78 , 14.34 · 16.12] |
|
-0.74 σ |
Fair
|
| Last 11Y | 12.39 | 1.68 | [9.02 · 10.70 , 14.07 · 15.75] |
|
-0.68 σ |
Fair
|
| Last 12Y | 12.16 | 1.71 | [8.75 · 10.45 , 13.87 · 15.57] |
|
-0.54 σ |
Fair
|
| Last 13Y | 11.87 | 1.79 | [8.29 · 10.08 , 13.67 · 15.46] |
|
-0.35 σ |
Fair
|
| Last 14Y | 11.71 | 1.78 | [8.15 · 9.93 , 13.48 · 15.26] |
|
-0.26 σ |
Fair
|
| Last 15Y | 11.65 | 1.72 | [8.21 · 9.93 , 13.37 · 15.09] |
|
-0.24 σ |
Fair
|
| Last 16Y | 11.41 | 1.79 | [7.82 · 9.62 , 13.20 · 15.00] |
|
-0.09 σ |
Fair
|
| Last 17Y | 11.45 | 1.74 | [7.96 · 9.71 , 13.19 · 14.93] |
|
-0.12 σ |
Fair
|
| Last 18Y | 11.47 | 1.68 | [8.11 · 9.79 , 13.15 · 14.83] |
|
-0.14 σ |
Fair
|
| Last 19Y | 11.52 | 1.63 | [8.25 · 9.89 , 13.16 · 14.79] |
|
-0.17 σ |
Fair
|
| Last 20Y | 11.56 | 1.57 | [8.42 · 9.99 , 13.13 · 14.70] |
|
-0.21 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 | 11.24 |
|
+3.25 σ | -0.15 σ | -0.74 σ | -0.21 σ | |
| All World | 20.34 |
|
+2.49 σ | +2.12 σ | +3.43 σ | +4.13 σ | ||
| Developed ex-US | 16.49 |
|
+3.85 σ | +1.53 σ | +2.61 σ | +2.67 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 | +1.25% | 26 Jul | |
| Short Term | Price vs SMA50 | -3.71% | 26 Jul |
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.