Spain Stock Market: current P/E Ratio

9.28
Last update: 22 April 2024

The estimated P/E Ratio for Spain Stock Market is 9.28, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [10.15 , 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.

22 April 2024 · P/E Ratio: 9.28
22 April 2024 · P/E Ratio: 9.28 · 1Y Average: 10.23 · 1 Std Dev range: [9.90 , 10.56] · 2 Std Dev range: [9.57 , 10.89]
22 April 2024 · P/E Ratio: 9.28 · 5Y Average: 11.76 · 1 Std Dev range: [10.15 , 13.36] · 2 Std Dev range: [8.55 , 14.97]
22 April 2024 · P/E Ratio: 9.28 · 10Y Average: 12.41 · 1 Std Dev range: [10.99 , 13.82] · 2 Std Dev range: [9.57 , 15.24]
22 April 2024 · P/E Ratio: 9.28 · 20Y Average: 11.72 · 1 Std Dev range: [10.23 , 13.22] · 2 Std Dev range: [8.73 , 14.72]
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: 9.28 · 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
( 9.28 )
Deviation
vs μ
Valuation
Last 1Y 10.23 0.33 [9.57 · 9.90 , 10.56 · 10.89]
-2.88 σ
Cheap
Last 2Y 10.24 0.40 [9.44 · 9.84 , 10.65 · 11.05]
-2.40 σ
Cheap
Last 3Y 10.83 0.93 [8.96 · 9.90 , 11.76 · 12.70]
-1.67 σ
Undervalued
Last 4Y 11.87 1.78 [8.31 · 10.09 , 13.65 · 15.43]
-1.46 σ
Undervalued
Last 5Y 11.76 1.60 [8.55 · 10.15 , 13.36 · 14.97]
-1.55 σ
Undervalued
Last 6Y 11.55 1.36 [8.82 · 10.19 , 12.91 · 14.27]
-1.67 σ
Undervalued
Last 7Y 11.81 1.36 [9.09 · 10.45 , 13.16 · 14.52]
-1.87 σ
Undervalued
Last 8Y 11.90 1.23 [9.45 · 10.67 , 13.12 · 14.35]
-2.14 σ
Cheap
Last 9Y 12.06 1.26 [9.54 · 10.80 , 13.32 · 14.57]
-2.21 σ
Cheap
Last 10Y 12.41 1.42 [9.57 · 10.99 , 13.82 · 15.24]
-2.21 σ
Cheap
Last 11Y 12.41 1.39 [9.63 · 11.02 , 13.80 · 15.19]
-2.26 σ
Cheap
Last 12Y 12.19 1.44 [9.32 · 10.76 , 13.63 · 15.07]
-2.03 σ
Cheap
Last 13Y 11.91 1.53 [8.85 · 10.38 , 13.45 · 14.98]
-1.72 σ
Undervalued
Last 14Y 11.67 1.63 [8.42 · 10.05 , 13.30 · 14.92]
-1.47 σ
Undervalued
Last 15Y 11.60 1.60 [8.40 · 10.00 , 13.20 · 14.79]
-1.45 σ
Undervalued
Last 16Y 11.39 1.64 [8.12 · 9.75 , 13.03 · 14.66]
-1.29 σ
Undervalued
Last 17Y 11.42 1.58 [8.26 · 9.84 , 13.01 · 14.59]
-1.36 σ
Undervalued
Last 18Y 11.50 1.54 [8.41 · 9.96 , 13.05 · 14.59]
-1.44 σ
Undervalued
Last 19Y 11.59 1.51 [8.57 · 10.08 , 13.10 · 14.61]
-1.53 σ
Undervalued
Last 20Y 11.72 1.50 [8.73 · 10.23 , 13.22 · 14.72]
-1.63 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 9.28
-2.88 σ -1.55 σ -2.21 σ -1.63 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

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 +7.60% 22 Apr
Short Term Price vs SMA50 +2.69% 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.