14.86
Last update: 03 May 2024
The estimated P/E Ratio for Sweden Stock Market is 14.86, calculated on 03 May 2024.
Considering the last 5 years, an average P/E interval is [14.16 , 17.76]. For this reason, the current P/E can be considered Fair
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.
03 May 2024 · P/E Ratio: 14.86
03 May 2024 · P/E Ratio: 14.86 ·
1Y Average: 13.66 ·
1 Std Dev range: [12.30 , 15.02] ·
2 Std Dev range: [10.94 , 16.38]
03 May 2024 · P/E Ratio: 14.86 ·
5Y Average: 15.96 ·
1 Std Dev range: [14.16 , 17.76] ·
2 Std Dev range: [12.36 , 19.57]
03 May 2024 · P/E Ratio: 14.86 ·
10Y Average: 15.74 ·
1 Std Dev range: [14.61 , 16.86] ·
2 Std Dev range: [13.49 , 17.99]
03 May 2024 · P/E Ratio: 14.86 ·
20Y Average: 14.61 ·
1 Std Dev range: [13.24 , 15.98] ·
2 Std Dev range: [11.87 , 17.34]
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: 14.86 · 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 ( 14.86 ) |
Deviation vs μ |
Valuation |
| Last 1Y | 13.66 | 1.36 | [10.94 · 12.30 , 15.02 · 16.38] |
|
+0.88 σ |
Fair
|
| Last 2Y | 14.04 | 1.20 | [11.64 · 12.84 , 15.24 · 16.44] |
|
+0.68 σ |
Fair
|
| Last 3Y | 15.12 | 1.68 | [11.77 · 13.45 , 16.80 · 18.48] |
|
-0.16 σ |
Fair
|
| Last 4Y | 16.12 | 1.99 | [12.13 · 14.13 , 18.11 · 20.10] |
|
-0.63 σ |
Fair
|
| Last 5Y | 15.96 | 1.80 | [12.36 · 14.16 , 17.76 · 19.57] |
|
-0.61 σ |
Fair
|
| Last 6Y | 15.72 | 1.56 | [12.59 · 14.16 , 17.29 · 18.85] |
|
-0.55 σ |
Fair
|
| Last 7Y | 15.83 | 1.39 | [13.06 · 14.45 , 17.22 · 18.60] |
|
-0.70 σ |
Fair
|
| Last 8Y | 15.81 | 1.24 | [13.33 · 14.57 , 17.04 · 18.28] |
|
-0.76 σ |
Fair
|
| Last 9Y | 15.68 | 1.19 | [13.30 · 14.49 , 16.87 · 18.06] |
|
-0.69 σ |
Fair
|
| Last 10Y | 15.74 | 1.13 | [13.49 · 14.61 , 16.86 · 17.99] |
|
-0.78 σ |
Fair
|
| Last 11Y | 15.60 | 1.07 | [13.47 · 14.53 , 16.67 · 17.74] |
|
-0.69 σ |
Fair
|
| Last 12Y | 15.39 | 1.15 | [13.09 · 14.24 , 16.54 · 17.69] |
|
-0.46 σ |
Fair
|
| Last 13Y | 15.11 | 1.30 | [12.50 · 13.80 , 16.41 · 17.72] |
|
-0.19 σ |
Fair
|
| Last 14Y | 14.94 | 1.33 | [12.28 · 13.61 , 16.28 · 17.61] |
|
-0.06 σ |
Fair
|
| Last 15Y | 15.10 | 1.33 | [12.44 · 13.77 , 16.43 · 17.76] |
|
-0.18 σ |
Fair
|
| Last 16Y | 14.87 | 1.47 | [11.92 · 13.39 , 16.34 · 17.81] |
|
-0.00 σ |
Fair
|
| Last 17Y | 14.72 | 1.53 | [11.65 · 13.18 , 16.25 · 17.78] |
|
+0.09 σ |
Fair
|
| Last 18Y | 14.63 | 1.50 | [11.63 · 13.13 , 16.12 · 17.62] |
|
+0.16 σ |
Fair
|
| Last 19Y | 14.61 | 1.43 | [11.74 · 13.17 , 16.04 · 17.47] |
|
+0.18 σ |
Fair
|
| Last 20Y | 14.61 | 1.37 | [11.87 · 13.24 , 15.98 · 17.34] |
|
+0.19 σ |
Fair
|
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 | 14.86 |
|
+0.88 σ | -0.61 σ | -0.78 σ | +0.19 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 | ||
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 | +8.64% | 03 May | |
| Short Term | Price vs SMA50 | -0.79% | 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.