Norway Stock Market: current P/E Ratio

8.98
Last update: 22 April 2024

The estimated P/E Ratio for Norway Stock Market is 8.98, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [9.15 , 14.39]. For this reason, the current P/E can be considered Undervalued

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.

22 April 2024 · P/E Ratio: 8.98
22 April 2024 · P/E Ratio: 8.98 · 1Y Average: 7.89 · 1 Std Dev range: [7.02 , 8.77] · 2 Std Dev range: [6.15 , 9.64]
22 April 2024 · P/E Ratio: 8.98 · 5Y Average: 11.77 · 1 Std Dev range: [9.15 , 14.39] · 2 Std Dev range: [6.53 , 17.01]
22 April 2024 · P/E Ratio: 8.98 · 10Y Average: 12.60 · 1 Std Dev range: [10.87 , 14.34] · 2 Std Dev range: [9.13 , 16.08]
22 April 2024 · P/E Ratio: 8.98 · 20Y Average: 11.58 · 1 Std Dev range: [10.02 , 13.14] · 2 Std Dev range: [8.46 , 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".
22 April 2024 · P/E Ratio: 8.98 · 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
( 8.98 )
Deviation
vs μ
Valuation
Last 1Y 7.89 0.87 [6.15 · 7.02 , 8.77 · 9.64]
+1.25 σ
Overvalued
Last 2Y 8.19 0.76 [6.67 · 7.43 , 8.95 · 9.71]
+1.04 σ
Overvalued
Last 3Y 9.45 1.83 [5.78 · 7.61 , 11.28 · 13.11]
-0.25 σ
Fair
Last 4Y 11.17 2.97 [5.23 · 8.20 , 14.14 · 17.11]
-0.74 σ
Fair
Last 5Y 11.77 2.62 [6.53 · 9.15 , 14.39 · 17.01]
-1.07 σ
Undervalued
Last 6Y 11.96 2.29 [7.37 · 9.67 , 14.25 · 16.55]
-1.30 σ
Undervalued
Last 7Y 12.38 2.19 [7.99 · 10.18 , 14.57 · 16.77]
-1.55 σ
Undervalued
Last 8Y 12.65 2.06 [8.53 · 10.59 , 14.70 · 16.76]
-1.78 σ
Undervalued
Last 9Y 12.65 1.89 [8.88 · 10.77 , 14.54 · 16.43]
-1.94 σ
Undervalued
Last 10Y 12.60 1.74 [9.13 · 10.87 , 14.34 · 16.08]
-2.09 σ
Cheap
Last 11Y 12.37 1.69 [8.99 · 10.68 , 14.06 · 15.75]
-2.00 σ
Cheap
Last 12Y 12.12 1.76 [8.60 · 10.36 , 13.87 · 15.63]
-1.78 σ
Undervalued
Last 13Y 11.86 1.80 [8.26 · 10.06 , 13.66 · 15.46]
-1.60 σ
Undervalued
Last 14Y 11.69 1.79 [8.11 · 9.90 , 13.47 · 15.26]
-1.51 σ
Undervalued
Last 15Y 11.63 1.73 [8.18 · 9.91 , 13.36 · 15.09]
-1.54 σ
Undervalued
Last 16Y 11.41 1.79 [7.82 · 9.61 , 13.20 · 14.99]
-1.35 σ
Undervalued
Last 17Y 11.50 1.75 [7.99 · 9.75 , 13.25 · 15.00]
-1.44 σ
Undervalued
Last 18Y 11.49 1.68 [8.14 · 9.81 , 13.17 · 14.84]
-1.50 σ
Undervalued
Last 19Y 11.54 1.63 [8.28 · 9.91 , 13.17 · 14.80]
-1.57 σ
Undervalued
Last 20Y 11.58 1.56 [8.46 · 10.02 , 13.14 · 14.70]
-1.67 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 8.98
+1.25 σ -1.07 σ -2.09 σ -1.67 σ
All World 19.96
+3.91 σ +2.09 σ +3.44 σ +4.04 σ
Developed ex-US 14.67
+2.53 σ +0.16 σ +0.51 σ +1.03 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 +0.38% 22 Apr
Short Term Price vs SMA50 +0.02% 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.