Denmark Stock Market PE Ratio

The Denmark Stock Market currently trades at a current P/E ratio of 13.46 as of October 24, 2025.

Over the past five years, the median P/E has been 16.58, putting today's valuation in the 25th percentile of that range. Looking at the longer 10-year period, where the median sits at 17.68, the current reading ranks in the 12.5th percentile - a level historically associated with Attractive pricing. The 20-year median of 16.26 provides additional context, with the current ratio in the 14.2th percentile of that extended timeframe.

This analysis is based on the iShares MSCI Denmark ETF (EDEN) which serves as the benchmark for the Denmark market.

Since July 1996, the iShares MSCI Denmark ETF has recorded a median P/E ratio of 16.25 over 29 years. Against this full historical backdrop, the current valuation sits in the 12.5th percentile of all recorded readings, indicating that the market is trading below its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (13.46) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	15.17	8.3	Attractive
5 Year	16.58	25	Undervalued
10 Year	17.68	12.5	Attractive
20 Year	16.26	14.2	Attractive
Since Jul 1996	16.25	12.5	Attractive

Returns vs P/E Ratio

Over the past decade, the PE fell from 17.5 (79.3th percentile) to 13.46 (12.5th percentile). Annualized total return over this period was 7.5%. Percentile rank indicates position within the historical distribution. Lower valuations do not guarantee near-term gains; markets can stay discounted for long, though starting points are generally more supportive for long-horizon outcomes.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	18.66	77.6	-8.5%	-8.5%
3 Year	11.58	2.8	+36.5%	+10.9%
5 Year	26.48	99.3	+27.1%	+4.9%
10 Year	17.49	79.3	+105.5%	+7.5%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	13.46
Sep 2025	13.84
Aug 2025	14.82
Jul 2025	13.65
Jun 2025	14.93
May 2025	15.41
Apr 2025	16.26
Mar 2025	14.52
Feb 2025	17.15
Jan 2025	16.58
Dec 2024	16.03
Nov 2024	16.69
Oct 2024	18.66
Sep 2024	19.78
Aug 2024	20.48
Jul 2024	19.92
Jun 2024	18.93
May 2024	19.75
Apr 2024	18.47
Mar 2024	18.84
Feb 2024	15.83
Jan 2024	14.45
Dec 2023	15.53
Nov 2023	12.07
Oct 2023	12.92
Sep 2023	13.40
Aug 2023	12.30
Jul 2023	12.11
Jun 2023	11.92
May 2023	12.15
Apr 2023	12.55
Mar 2023	12.21
Feb 2023	11.45
Jan 2023	11.53
Dec 2022	11.29
Nov 2022	12.97
Oct 2022	11.58
Sep 2022	15.30
Aug 2022	17.53
Jul 2022	17.90
Jun 2022	16.57
May 2022	16.26
Apr 2022	18.54
Mar 2022	18.43
Feb 2022	16.55
Jan 2022	17.66
Dec 2021	20.06
Nov 2021	23.57
Oct 2021	23.07
Sep 2021	24.71
Aug 2021	25.17
Jul 2021	24.93
Jun 2021	23.84
May 2021	23.52
Apr 2021	24.41
Mar 2021	23.56
Feb 2021	24.16
Jan 2021	26.09
Dec 2020	25.98
Nov 2020	24.77
Oct 2020	26.48
Sep 2020	25.06
Aug 2020	25.72
Jul 2020	27.09
Jun 2020	27.07
May 2020	26.05
Apr 2020	24.92
Mar 2020	21.89
Feb 2020	23.24
Jan 2020	21.67
Dec 2019	21.34
Nov 2019	20.95
Oct 2019	19.63
Sep 2019	19.76
Aug 2019	18.91
Jul 2019	19.29
Jun 2019	19.29
May 2019	18.33
Apr 2019	18.84
Mar 2019	19.11
Feb 2019	18.59
Jan 2019	17.32
Dec 2018	16.27
Nov 2018	16.18
Oct 2018	16.18
Sep 2018	17.65
Aug 2018	18.15
Jul 2018	17.54
Jun 2018	17.04
May 2018	17.45
Apr 2018	17.16
Mar 2018	17.40
Feb 2018	17.73
Jan 2018	18.23
Dec 2017	17.31
Nov 2017	17.31
Oct 2017	17.37
Sep 2017	17.37
Aug 2017	17.01
Jul 2017	17.01
Jun 2017	17.31
May 2017	17.03
Apr 2017	16.70
Mar 2017	16.63
Feb 2017	16.29
Jan 2017	16.44
Dec 2016	15.64
Nov 2016	15.64
Oct 2016	16.77
Sep 2016	17.69
Aug 2016	18.19
Jul 2016	19.33
Jun 2016	18.29
May 2016	18.90
Apr 2016	19.15
Mar 2016	19.47
Feb 2016	18.54
Jan 2016	17.84
Dec 2015	18.70
Nov 2015	18.38
Oct 2015	17.49
Sep 2015	16.89
Aug 2015	18.18
Jul 2015	19.35
Jun 2015	18.22
May 2015	20.19
Apr 2015	20.19
Mar 2015	18.93
Feb 2015	18.29
Jan 2015	15.75
Dec 2014	15.75
Nov 2014	17.11
Oct 2014	17.11
Sep 2014	17.40
Aug 2014	17.23
Jul 2014	17.88
Jun 2014	17.88
May 2014	16.66
Apr 2014	16.66
Mar 2014	17.43
Feb 2014	17.87
Jan 2014	16.13
Dec 2013	14.92
Nov 2013	15.23
Oct 2013	14.60
Sep 2013	14.79
Aug 2013	14.79
Jul 2013	13.99
Jun 2013	13.99
May 2013	15.38
Apr 2013	15.48
Mar 2013	16.25
Feb 2013	16.16
Jan 2013	14.99
Dec 2012	14.79
Nov 2012	14.68
Oct 2012	15.77
Sep 2012	15.77
Aug 2012	15.77
Jul 2012	15.15
Jun 2012	14.05
May 2012	15.22
Apr 2012	15.91
Mar 2012	16.10
Feb 2012	16.67
Jan 2012	14.44
Dec 2011	13.70
Nov 2011	13.21
Oct 2011	12.41
Sep 2011	11.47
Aug 2011	12.01
Jul 2011	12.87
Jun 2011	13.51
May 2011	14.16
Apr 2011	14.27
Mar 2011	14.88
Feb 2011	14.96
Jan 2011	14.96
Dec 2010	14.02
Nov 2010	14.02
Oct 2010	14.17
Sep 2010	14.17
Aug 2010	14.79
Jul 2010	15.63
Jun 2010	14.86
May 2010	16.25
Apr 2010	16.25
Mar 2010	15.99
Feb 2010	15.75
Jan 2010	16.65
Dec 2009	16.56
Nov 2009	16.56
Oct 2009	17.37
Sep 2009	17.25
Aug 2009	17.10
Jul 2009	16.74
Jun 2009	16.05
May 2009	15.70
Apr 2009	13.57
Mar 2009	11.46
Feb 2009	12.06
Jan 2009	11.10
Dec 2008	9.90
Nov 2008	9.57
Oct 2008	8.61
Sep 2008	10.84
Aug 2008	13.16
Jul 2008	13.45
Jun 2008	12.99
May 2008	14.09
Apr 2008	13.07
Mar 2008	12.86
Feb 2008	13.22
Jan 2008	12.23
Dec 2007	14.15
Nov 2007	15
Oct 2007	15.69
Sep 2007	15.42
Aug 2007	15.66
Jul 2007	16.56
Jun 2007	16.09
May 2007	16.33
Apr 2007	16.33
Mar 2007	15.43
Feb 2007	16.57
Jan 2007	15.95
Dec 2006	15.34
Nov 2006	15.62
Oct 2006	15.32
Sep 2006	15.02
Aug 2006	14.33
Jul 2006	13.48
Jun 2006	13.48
May 2006	15.44
Apr 2006	15.98
Mar 2006	14.99
Feb 2006	14.25
Jan 2006	14.40
Dec 2005	14.05
Nov 2005	14.05
Oct 2005	14.66
Sep 2005	14.70
Aug 2005	14.48
Jul 2005	14.48
Jun 2005	14
May 2005	14.26
Apr 2005	14.55
Mar 2005	15.48
Feb 2005	15.18
Jan 2005	14.50
Dec 2004	14.41
Nov 2004	14.52
Oct 2004	14.73
Sep 2004	14.73
Aug 2004	15.16
Jul 2004	14.90
Jun 2004	14.90
May 2004	14.65
Apr 2004	15.19
Mar 2004	15.28
Feb 2004	15.11
Jan 2004	14.55
Dec 2003	14.34
Nov 2003	14.46
Oct 2003	14.46
Sep 2003	14.01
Aug 2003	13.55
Jul 2003	13.55
Jun 2003	13.10
May 2003	12.81
Apr 2003	12.54
Mar 2003	11.57
Feb 2003	11.99
Jan 2003	12.64
Dec 2002	12.50
Nov 2002	12.50
Oct 2002	12.64
Sep 2002	13.25
Aug 2002	13.86
Jul 2002	14.40
Jun 2002	16.24
May 2002	15.92
Apr 2002	16.11
Mar 2002	15.92
Feb 2002	15.90
Jan 2002	15.90
Dec 2001	15.56
Nov 2001	14.93
Oct 2001	15.13
Sep 2001	15.54
Aug 2001	16.18
Jul 2001	16.46
Jun 2001	16.73
May 2001	17.03
Apr 2001	17.03
Mar 2001	17.62
Feb 2001	19.11
Jan 2001	19.96
Dec 2000	20.26
Nov 2000	22.29
Oct 2000	23.88
Sep 2000	24.29
Aug 2000	24.49
Jul 2000	22.85
Jun 2000	22.64
May 2000	22.40
Apr 2000	22.79
Mar 2000	23.42
Feb 2000	21.89
Jan 2000	22.17
Dec 1999	21.40
Nov 1999	20.31
Oct 1999	19.71
Sep 1999	19.22
Aug 1999	19.49
Jul 1999	19.84
Jun 1999	18.64
May 1999	18.24
Apr 1999	17.89
Mar 1999	16.48
Feb 1999	18.24
Jan 1999	18.24
Dec 1998	17.12
Nov 1998	15.41
Oct 1998	16.35
Sep 1998	17.39
Aug 1998	20.11
Jul 1998	20.06
Jun 1998	20.90
May 1998	21.26
Apr 1998	21.01
Mar 1998	20.69
Feb 1998	19.30
Jan 1998	18.36
Dec 1997	17.31
Nov 1997	17.12
Oct 1997	17.12
Sep 1997	17.97
Aug 1997	18.94
Jul 1997	18.50
Jun 1997	17.70
May 1997	17.09
Apr 1997	16.35
Mar 1997	17.33
Feb 1997	16.71
Jan 1997	15.81
Dec 1996	14.35
Nov 1996	14.47
Oct 1996	14.05
Sep 1996	13.74
Aug 1996	13.66
Jul 1996	13.66

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (13.46) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
Germany	17.89	95	Expensive
United Kingdom	18.89	99.20	Expensive
France	18.67	94.20	Expensive
Italy	12.80	68.30	Overvalued
Spain	13.26	80.80	Expensive

Definition: Trailing P/E Ratio

The trailing P/E ratio for Denmark Stock Market shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.