Sweden Stock Market: current P/E Ratio

13.73
Last update: 06 November 2024

The estimated P/E Ratio for Sweden Stock Market is 13.73, calculated on 06 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.

06 November 2024 · P/E Ratio: 13.73
06 November 2024 · P/E Ratio: 13.73 · 1Y Average: 14.37 · 1 Std Dev range: [13.82 , 14.92] · 2 Std Dev range: [13.27 , 15.47]
06 November 2024 · P/E Ratio: 13.73 · 5Y Average: 16.01 · 1 Std Dev range: [14.23 , 17.79] · 2 Std Dev range: [12.46 , 19.56]
06 November 2024 · P/E Ratio: 13.73 · 10Y Average: 15.71 · 1 Std Dev range: [14.56 , 16.86] · 2 Std Dev range: [13.41 , 18.01]
06 November 2024 · P/E Ratio: 13.73 · 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".
06 November 2024 · P/E Ratio: 13.73 · 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
( 13.73 )
Deviation
vs μ
Valuation
Last 1Y 14.37 0.55 [13.27 · 13.82 , 14.92 · 15.47]
-1.17 σ
Undervalued
Last 2Y 14.43 1.19 [12.06 · 13.25 , 15.62 · 16.80]
-0.59 σ
Fair
Last 3Y 14.54 1.13 [12.29 · 13.41 , 15.67 · 16.80]
-0.72 σ
Fair
Last 4Y 15.56 1.77 [12.02 · 13.79 , 17.32 · 19.09]
-1.04 σ
Undervalued
Last 5Y 16.01 1.78 [12.46 · 14.23 , 17.79 · 19.57]
-1.28 σ
Undervalued
Last 6Y 15.65 1.60 [12.45 · 14.05 , 17.25 · 18.85]
-1.20 σ
Undervalued
Last 7Y 15.67 1.40 [12.87 · 14.27 , 17.08 · 18.48]
-1.39 σ
Undervalued
Last 8Y 15.78 1.25 [13.28 · 14.53 , 17.04 · 18.29]
-1.64 σ
Undervalued
Last 9Y 15.66 1.18 [13.30 · 14.48 , 16.84 · 18.02]
-1.63 σ
Undervalued
Last 10Y 15.71 1.15 [13.41 · 14.56 , 16.86 · 18.01]
-1.72 σ
Undervalued
Last 11Y 15.63 1.05 [13.53 · 14.58 , 16.67 · 17.72]
-1.81 σ
Undervalued
Last 12Y 15.47 1.07 [13.33 · 14.40 , 16.54 · 17.61]
-1.63 σ
Undervalued
Last 13Y 15.22 1.18 [12.85 · 14.03 , 16.40 · 17.58]
-1.26 σ
Undervalued
Last 14Y 15.00 1.30 [12.40 · 13.70 , 16.30 · 17.60]
-0.98 σ
Fair
Last 15Y 15.02 1.28 [12.46 · 13.74 , 16.30 · 17.58]
-1.01 σ
Undervalued
Last 16Y 14.99 1.34 [12.31 · 13.65 , 16.32 · 17.66]
-0.94 σ
Fair
Last 17Y 14.75 1.52 [11.70 · 13.22 , 16.27 · 17.80]
-0.67 σ
Fair
Last 18Y 14.70 1.45 [11.79 · 13.25 , 16.15 · 17.60]
-0.67 σ
Fair
Last 19Y 14.63 1.43 [11.77 · 13.20 , 16.06 · 17.49]
-0.63 σ
Fair
Last 20Y 14.63 1.37 [11.90 · 13.26 , 16.00 · 17.36]
-0.66 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 13.73
-1.17 σ -1.28 σ -1.72 σ -0.66 σ
All World 21.42
+1.81 σ +2.63 σ +3.75 σ +4.52 σ
Developed ex-US 15.07
+0.09 σ +0.17 σ +0.72 σ +1.37 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 -1.97% 06 Nov
Short Term Price vs SMA50 -4.62% 06 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.