Sweden Stock Market: current P/E Ratio

14.59
Last update: 22 April 2024

The estimated P/E Ratio for Sweden Stock Market is 14.59, calculated on 22 April 2024.

Considering the last 5 years, an average P/E interval is [14.19 , 17.77]. 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.

22 April 2024 · P/E Ratio: 14.59
22 April 2024 · P/E Ratio: 14.59 · 1Y Average: 13.88 · 1 Std Dev range: [12.27 , 15.49] · 2 Std Dev range: [10.66 , 17.10]
22 April 2024 · P/E Ratio: 14.59 · 5Y Average: 15.98 · 1 Std Dev range: [14.19 , 17.77] · 2 Std Dev range: [12.40 , 19.56]
22 April 2024 · P/E Ratio: 14.59 · 10Y Average: 15.75 · 1 Std Dev range: [14.63 , 16.87] · 2 Std Dev range: [13.51 , 17.99]
22 April 2024 · P/E Ratio: 14.59 · 20Y Average: 14.62 · 1 Std Dev range: [13.24 , 16.00] · 2 Std Dev range: [11.87 , 17.37]
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: 14.59 · Last Periods metrics
Show all periods
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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
( 14.59 )
Deviation
vs μ
Valuation
Last 1Y 13.88 1.61 [10.66 · 12.27 , 15.49 · 17.10]
+0.44 σ
Fair
Last 2Y 14.09 1.23 [11.62 · 12.85 , 15.32 · 16.56]
+0.41 σ
Fair
Last 3Y 15.29 1.82 [11.65 · 13.47 , 17.10 · 18.92]
-0.38 σ
Fair
Last 4Y 16.18 1.98 [12.23 · 14.20 , 18.15 · 20.13]
-0.80 σ
Fair
Last 5Y 15.98 1.79 [12.40 · 14.19 , 17.77 · 19.56]
-0.78 σ
Fair
Last 6Y 15.74 1.56 [12.63 · 14.18 , 17.30 · 18.85]
-0.74 σ
Fair
Last 7Y 15.87 1.38 [13.11 · 14.49 , 17.25 · 18.63]
-0.92 σ
Fair
Last 8Y 15.82 1.23 [13.36 · 14.59 , 17.04 · 18.27]
-1.00 σ
Fair
Last 9Y 15.71 1.19 [13.33 · 14.52 , 16.90 · 18.09]
-0.94 σ
Fair
Last 10Y 15.75 1.12 [13.51 · 14.63 , 16.87 · 17.99]
-1.03 σ
Undervalued
Last 11Y 15.60 1.07 [13.46 · 14.53 , 16.67 · 17.74]
-0.94 σ
Fair
Last 12Y 15.38 1.17 [13.05 · 14.21 , 16.55 · 17.72]
-0.67 σ
Fair
Last 13Y 15.09 1.33 [12.44 · 13.76 , 16.42 · 17.74]
-0.38 σ
Fair
Last 14Y 14.95 1.33 [12.28 · 13.62 , 16.28 · 17.61]
-0.27 σ
Fair
Last 15Y 15.11 1.33 [12.45 · 13.78 , 16.44 · 17.77]
-0.39 σ
Fair
Last 16Y 14.85 1.50 [11.86 · 13.35 , 16.34 · 17.84]
-0.17 σ
Fair
Last 17Y 14.72 1.54 [11.65 · 13.19 , 16.26 · 17.79]
-0.08 σ
Fair
Last 18Y 14.63 1.50 [11.64 · 13.13 , 16.13 · 17.63]
-0.03 σ
Fair
Last 19Y 14.60 1.43 [11.74 · 13.17 , 16.03 · 17.47]
-0.01 σ
Fair
Last 20Y 14.62 1.38 [11.87 · 13.24 , 16.00 · 17.37]
-0.02 σ
Fair

P/E Comparison

How is the Sweden Stock Market P/E Ratio, compared to other global ratios?

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Deviation vs μ
Trend P/E 1Y 5Y 10Y 20Y
Sweden 14.59
+0.44 σ -0.78 σ -1.03 σ -0.02 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

Sweden Stock Market Trend

Trend is evaluated considering the price of the EWD Etf and its 200/50-day moving averages (SMA).

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +7.10% 22 Apr
Short Term Price vs SMA50 -2.20% 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.