10.65
Last update: 26 July 2024
The estimated P/E Ratio for Spain Stock Market is 10.65, calculated on 26 July 2024.
Considering the last 5 years, an average P/E interval is [10.02 , 13.34]. For this reason, the current P/E can be considered Fair
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.
26 July 2024 · P/E Ratio: 10.65
26 July 2024 · P/E Ratio: 10.65 ·
1Y Average: 9.98 ·
1 Std Dev range: [9.78 , 10.18] ·
2 Std Dev range: [9.58 , 10.38]
26 July 2024 · P/E Ratio: 10.65 ·
5Y Average: 11.68 ·
1 Std Dev range: [10.02 , 13.34] ·
2 Std Dev range: [8.36 , 15.00]
26 July 2024 · P/E Ratio: 10.65 ·
10Y Average: 12.26 ·
1 Std Dev range: [10.88 , 13.65] ·
2 Std Dev range: [9.50 , 15.03]
26 July 2024 · P/E Ratio: 10.65 ·
20Y Average: 11.67 ·
1 Std Dev range: [10.17 , 13.16] ·
2 Std Dev range: [8.67 , 14.66]
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: 10.65 · 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 ( 10.65 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 9.98 | 0.20 | [9.58 · 9.78 , 10.18 · 10.38] |
|
+3.34 σ |
Expensive
|
| Last 2Y | 10.14 | 0.45 | [9.23 · 9.68 , 10.59 · 11.04] |
|
+1.14 σ |
Overvalued
|
| Last 3Y | 10.53 | 0.65 | [9.23 · 9.88 , 11.18 · 11.83] |
|
+0.19 σ |
Fair
|
| Last 4Y | 11.53 | 1.67 | [8.19 · 9.86 , 13.21 · 14.88] |
|
-0.53 σ |
Fair
|
| Last 5Y | 11.68 | 1.66 | [8.36 · 10.02 , 13.34 · 15.00] |
|
-0.62 σ |
Fair
|
| Last 6Y | 11.46 | 1.40 | [8.66 · 10.06 , 12.86 · 14.25] |
|
-0.58 σ |
Fair
|
| Last 7Y | 11.63 | 1.31 | [9.02 · 10.33 , 12.94 · 14.25] |
|
-0.75 σ |
Fair
|
| Last 8Y | 11.81 | 1.26 | [9.29 · 10.55 , 13.07 · 14.33] |
|
-0.92 σ |
Fair
|
| Last 9Y | 11.92 | 1.22 | [9.47 · 10.69 , 13.14 · 14.36] |
|
-1.03 σ |
Undervalued
|
| Last 10Y | 12.26 | 1.38 | [9.50 · 10.88 , 13.65 · 15.03] |
|
-1.16 σ |
Undervalued
|
| Last 11Y | 12.41 | 1.40 | [9.62 · 11.01 , 13.80 · 15.20] |
|
-1.26 σ |
Undervalued
|
| Last 12Y | 12.20 | 1.43 | [9.35 · 10.78 , 13.63 · 15.06] |
|
-1.09 σ |
Undervalued
|
| Last 13Y | 11.93 | 1.51 | [8.91 · 10.42 , 13.44 · 14.95] |
|
-0.84 σ |
Fair
|
| Last 14Y | 11.69 | 1.60 | [8.48 · 10.08 , 13.29 · 14.90] |
|
-0.64 σ |
Fair
|
| Last 15Y | 11.61 | 1.59 | [8.43 · 10.02 , 13.20 · 14.78] |
|
-0.60 σ |
Fair
|
| Last 16Y | 11.38 | 1.65 | [8.09 · 9.73 , 13.03 · 14.67] |
|
-0.44 σ |
Fair
|
| Last 17Y | 11.37 | 1.59 | [8.20 · 9.78 , 12.96 · 14.54] |
|
-0.45 σ |
Fair
|
| Last 18Y | 11.47 | 1.56 | [8.35 · 9.91 , 13.02 · 14.58] |
|
-0.52 σ |
Fair
|
| Last 19Y | 11.55 | 1.52 | [8.50 · 10.03 , 13.07 · 14.59] |
|
-0.59 σ |
Fair
|
| Last 20Y | 11.67 | 1.50 | [8.67 · 10.17 , 13.16 · 14.66] |
|
-0.68 σ |
Fair
|
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 | 10.65 |
|
+3.34 σ | -0.62 σ | -1.16 σ | -0.68 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 | ||
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 | +7.15% | 26 Jul | |
| Short Term | Price vs SMA50 | +0.87% | 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.