9.36
Last update: 03 May 2024
The estimated P/E Ratio for Spain Stock Market is 9.36, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [10.10 , 13.36]. 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.
03 May 2024 · P/E Ratio: 9.36
03 May 2024 · P/E Ratio: 9.36 ·
1Y Average: 10.10 ·
1 Std Dev range: [9.87 , 10.32] ·
2 Std Dev range: [9.65 , 10.55]
03 May 2024 · P/E Ratio: 9.36 ·
5Y Average: 11.73 ·
1 Std Dev range: [10.10 , 13.36] ·
2 Std Dev range: [8.47 , 14.99]
03 May 2024 · P/E Ratio: 9.36 ·
10Y Average: 12.35 ·
1 Std Dev range: [10.94 , 13.77] ·
2 Std Dev range: [9.53 , 15.18]
03 May 2024 · P/E Ratio: 9.36 ·
20Y Average: 11.70 ·
1 Std Dev range: [10.20 , 13.20] ·
2 Std Dev range: [8.70 , 14.69]
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".
03 May 2024 · P/E Ratio: 9.36 · 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 ( 9.36 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 10.10 | 0.23 | [9.65 · 9.87 , 10.32 · 10.55] |
|
-3.27 σ |
Cheap
|
| Last 2Y | 10.15 | 0.40 | [9.35 · 9.75 , 10.55 · 10.95] |
|
-1.97 σ |
Undervalued
|
| Last 3Y | 10.69 | 0.81 | [9.08 · 9.88 , 11.50 · 12.30] |
|
-1.65 σ |
Undervalued
|
| Last 4Y | 11.78 | 1.80 | [8.17 · 9.98 , 13.59 · 15.39] |
|
-1.34 σ |
Undervalued
|
| Last 5Y | 11.73 | 1.63 | [8.47 · 10.10 , 13.36 · 14.99] |
|
-1.45 σ |
Undervalued
|
| Last 6Y | 11.50 | 1.38 | [8.75 · 10.13 , 12.88 · 14.25] |
|
-1.55 σ |
Undervalued
|
| Last 7Y | 11.74 | 1.34 | [9.06 · 10.40 , 13.08 · 14.43] |
|
-1.77 σ |
Undervalued
|
| Last 8Y | 11.86 | 1.24 | [9.38 · 10.62 , 13.10 · 14.34] |
|
-2.01 σ |
Cheap
|
| Last 9Y | 12.00 | 1.24 | [9.52 · 10.76 , 13.24 · 14.48] |
|
-2.13 σ |
Cheap
|
| Last 10Y | 12.35 | 1.41 | [9.53 · 10.94 , 13.77 · 15.18] |
|
-2.12 σ |
Cheap
|
| Last 11Y | 12.41 | 1.39 | [9.62 · 11.02 , 13.80 · 15.19] |
|
-2.19 σ |
Cheap
|
| Last 12Y | 12.19 | 1.44 | [9.32 · 10.76 , 13.63 · 15.07] |
|
-1.97 σ |
Undervalued
|
| Last 13Y | 11.91 | 1.53 | [8.85 · 10.38 , 13.45 · 14.98] |
|
-1.66 σ |
Undervalued
|
| Last 14Y | 11.67 | 1.63 | [8.42 · 10.05 , 13.30 · 14.92] |
|
-1.42 σ |
Undervalued
|
| Last 15Y | 11.60 | 1.60 | [8.41 · 10.00 , 13.19 · 14.79] |
|
-1.40 σ |
Undervalued
|
| Last 16Y | 11.38 | 1.65 | [8.09 · 9.73 , 13.02 · 14.67] |
|
-1.23 σ |
Undervalued
|
| Last 17Y | 11.40 | 1.59 | [8.23 · 9.81 , 12.99 · 14.58] |
|
-1.28 σ |
Undervalued
|
| Last 18Y | 11.48 | 1.55 | [8.38 · 9.93 , 13.03 · 14.59] |
|
-1.37 σ |
Undervalued
|
| Last 19Y | 11.57 | 1.52 | [8.54 · 10.06 , 13.09 · 14.61] |
|
-1.46 σ |
Undervalued
|
| Last 20Y | 11.70 | 1.50 | [8.70 · 10.20 , 13.20 · 14.69] |
|
-1.56 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 | 9.36 |
|
-3.27 σ | -1.45 σ | -2.12 σ | -1.56 σ | |
| All World | 20.50 |
|
+4.16 σ | +2.37 σ | +3.77 σ | +4.38 σ | ||
| Developed ex-US | 15.04 |
|
+2.64 σ | +0.44 σ | +0.94 σ | +1.36 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 | +8.15% | 03 May | |
| Short Term | Price vs SMA50 | +2.13% | 03 May |
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.