12.62
Last update: 20 November 2024
The estimated P/E Ratio for Sweden Stock Market is 12.62, calculated on 20 November 2024.
Considering the last 5 years, an average P/E interval is [14.23 , 17.79]. For this reason, the current P/E can be considered Undervalued
P/E Ratio is calculated on the EWD Etf, whose benchmark is the Sweden 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 Sweden 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: 12.62
20 November 2024 · P/E Ratio: 12.62 ·
1Y Average: 14.37 ·
1 Std Dev range: [13.82 , 14.92] ·
2 Std Dev range: [13.27 , 15.47]
20 November 2024 · P/E Ratio: 12.62 ·
5Y Average: 16.01 ·
1 Std Dev range: [14.23 , 17.79] ·
2 Std Dev range: [12.46 , 19.56]
20 November 2024 · P/E Ratio: 12.62 ·
10Y Average: 15.71 ·
1 Std Dev range: [14.56 , 16.86] ·
2 Std Dev range: [13.41 , 18.01]
20 November 2024 · P/E Ratio: 12.62 ·
20Y Average: 14.63 ·
1 Std Dev range: [13.26 , 16.00] ·
2 Std Dev range: [11.90 , 17.36]
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: 12.62 · 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 ( 12.62 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 14.37 | 0.55 | [13.27 · 13.82 , 14.92 · 15.47] |
|
-3.20 σ |
Cheap
|
| Last 2Y | 14.43 | 1.19 | [12.06 · 13.25 , 15.62 · 16.80] |
|
-1.53 σ |
Undervalued
|
| Last 3Y | 14.54 | 1.13 | [12.29 · 13.41 , 15.67 · 16.80] |
|
-1.71 σ |
Undervalued
|
| Last 4Y | 15.56 | 1.77 | [12.02 · 13.79 , 17.32 · 19.09] |
|
-1.66 σ |
Undervalued
|
| Last 5Y | 16.01 | 1.78 | [12.46 · 14.23 , 17.79 · 19.57] |
|
-1.91 σ |
Undervalued
|
| Last 6Y | 15.65 | 1.60 | [12.45 · 14.05 , 17.25 · 18.85] |
|
-1.90 σ |
Undervalued
|
| Last 7Y | 15.67 | 1.40 | [12.87 · 14.27 , 17.08 · 18.48] |
|
-2.18 σ |
Cheap
|
| Last 8Y | 15.78 | 1.25 | [13.28 · 14.53 , 17.04 · 18.29] |
|
-2.53 σ |
Cheap
|
| Last 9Y | 15.66 | 1.18 | [13.30 · 14.48 , 16.84 · 18.02] |
|
-2.58 σ |
Cheap
|
| Last 10Y | 15.71 | 1.15 | [13.41 · 14.56 , 16.86 · 18.01] |
|
-2.69 σ |
Cheap
|
| Last 11Y | 15.63 | 1.05 | [13.53 · 14.58 , 16.67 · 17.72] |
|
-2.87 σ |
Cheap
|
| Last 12Y | 15.47 | 1.07 | [13.33 · 14.40 , 16.54 · 17.61] |
|
-2.67 σ |
Cheap
|
| Last 13Y | 15.22 | 1.18 | [12.85 · 14.03 , 16.40 · 17.58] |
|
-2.20 σ |
Cheap
|
| Last 14Y | 15.00 | 1.30 | [12.40 · 13.70 , 16.30 · 17.60] |
|
-1.83 σ |
Undervalued
|
| Last 15Y | 15.02 | 1.28 | [12.46 · 13.74 , 16.30 · 17.58] |
|
-1.88 σ |
Undervalued
|
| Last 16Y | 14.99 | 1.34 | [12.31 · 13.65 , 16.32 · 17.66] |
|
-1.77 σ |
Undervalued
|
| Last 17Y | 14.75 | 1.52 | [11.70 · 13.22 , 16.27 · 17.80] |
|
-1.40 σ |
Undervalued
|
| Last 18Y | 14.70 | 1.45 | [11.79 · 13.25 , 16.15 · 17.60] |
|
-1.43 σ |
Undervalued
|
| Last 19Y | 14.63 | 1.43 | [11.77 · 13.20 , 16.06 · 17.49] |
|
-1.41 σ |
Undervalued
|
| Last 20Y | 14.63 | 1.37 | [11.90 · 13.26 , 16.00 · 17.36] |
|
-1.48 σ |
Undervalued
|
P/E Comparison
How is the Sweden 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 | |||
|
|
Sweden | 12.62 |
|
-3.20 σ | -1.91 σ | -2.69 σ | -1.48 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 | ||
Sweden Stock Market Trend
Trend is evaluated considering the price of the EWD Etf and its 200/50-day moving averages (SMA).
Swipe left to see all data
| Trend | Indicator | Valuation | Margin | |
|---|---|---|---|---|
| Long Term | Price vs SMA200 | -6.40% | 20 Nov | |
| Short Term | Price vs SMA50 | -7.83% | 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.