9.67
Last update: 20 November 2024
The estimated P/E Ratio for Spain Stock Market is 9.67, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [9.90 , 13.31]. For this reason, the current P/E can be considered Undervalued
P/E Ratio is calculated on the EWP Etf, whose benchmark is the Spain 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 Spain 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: 9.67
20 November 2024 · P/E Ratio: 9.67 ·
1Y Average: 10.03 ·
1 Std Dev range: [9.83 , 10.23] ·
2 Std Dev range: [9.63 , 10.43]
20 November 2024 · P/E Ratio: 9.67 ·
5Y Average: 11.61 ·
1 Std Dev range: [9.90 , 13.31] ·
2 Std Dev range: [8.20 , 15.01]
20 November 2024 · P/E Ratio: 9.67 ·
10Y Average: 12.09 ·
1 Std Dev range: [10.72 , 13.46] ·
2 Std Dev range: [9.35 , 14.83]
20 November 2024 · P/E Ratio: 9.67 ·
20Y Average: 11.61 ·
1 Std Dev range: [10.11 , 13.12] ·
2 Std Dev range: [8.60 , 14.62]
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: 9.67 · 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 ( 9.67 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 10.03 | 0.20 | [9.63 · 9.83 , 10.23 · 10.43] |
|
-1.83 σ |
Undervalued
|
| Last 2Y | 10.25 | 0.38 | [9.49 · 9.87 , 10.63 · 11.01] |
|
-1.54 σ |
Undervalued
|
| Last 3Y | 10.33 | 0.47 | [9.39 · 9.86 , 10.80 · 11.27] |
|
-1.41 σ |
Undervalued
|
| Last 4Y | 11.08 | 1.35 | [8.38 · 9.73 , 12.44 · 13.79] |
|
-1.05 σ |
Undervalued
|
| Last 5Y | 11.61 | 1.70 | [8.20 · 9.90 , 13.31 · 15.01] |
|
-1.14 σ |
Undervalued
|
| Last 6Y | 11.39 | 1.43 | [8.53 · 9.96 , 12.82 · 14.25] |
|
-1.21 σ |
Undervalued
|
| Last 7Y | 11.45 | 1.28 | [8.90 · 10.17 , 12.73 · 14.01] |
|
-1.40 σ |
Undervalued
|
| Last 8Y | 11.69 | 1.30 | [9.10 · 10.40 , 12.99 · 14.28] |
|
-1.56 σ |
Undervalued
|
| Last 9Y | 11.76 | 1.21 | [9.34 · 10.55 , 12.98 · 14.19] |
|
-1.73 σ |
Undervalued
|
| Last 10Y | 12.09 | 1.37 | [9.35 · 10.72 , 13.46 · 14.83] |
|
-1.77 σ |
Undervalued
|
| Last 11Y | 12.31 | 1.44 | [9.43 · 10.87 , 13.76 · 15.20] |
|
-1.83 σ |
Undervalued
|
| Last 12Y | 12.20 | 1.43 | [9.34 · 10.77 , 13.63 · 15.06] |
|
-1.77 σ |
Undervalued
|
| Last 13Y | 11.96 | 1.47 | [9.02 · 10.49 , 13.43 · 14.90] |
|
-1.56 σ |
Undervalued
|
| Last 14Y | 11.72 | 1.57 | [8.58 · 10.15 , 13.29 · 14.86] |
|
-1.31 σ |
Undervalued
|
| Last 15Y | 11.58 | 1.60 | [8.38 · 9.98 , 13.19 · 14.79] |
|
-1.20 σ |
Undervalued
|
| Last 16Y | 11.42 | 1.60 | [8.22 · 9.82 , 13.02 · 14.62] |
|
-1.09 σ |
Undervalued
|
| Last 17Y | 11.32 | 1.59 | [8.14 · 9.73 , 12.90 · 14.49] |
|
-1.04 σ |
Undervalued
|
| Last 18Y | 11.41 | 1.56 | [8.30 · 9.85 , 12.96 · 14.52] |
|
-1.12 σ |
Undervalued
|
| Last 19Y | 11.49 | 1.52 | [8.45 · 9.97 , 13.00 · 14.52] |
|
-1.20 σ |
Undervalued
|
| Last 20Y | 11.61 | 1.50 | [8.60 · 10.11 , 13.12 · 14.62] |
|
-1.29 σ |
Undervalued
|
P/E Comparison
How is the Spain 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 | |||
|
|
Spain | 9.67 |
|
-1.83 σ | -1.14 σ | -1.77 σ | -1.29 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 | ||
Spain Stock Market Trend
Trend is evaluated considering the price of the EWP Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | +1.22% | 20 Nov | |
| Short Term | Price vs SMA50 | -3.84% | 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.