P/E Ratio
7
12
17
22
27
P/E vs 1Y Avg
P/E vs 5Y Avg
P/E vs 10Y Avg
P/E vs 20Y Avg
< -2σ
-2σ
-σ
+σ
+2σ
> +2σ
Undervalued
Fair
Overvalued
Cheap
Expensive
It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.
A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.
Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.
WORLD COUNTRIES P/E RATIO
Individual stock markets
Swipe left to see all data
P/E Evaluation | Historical P/E Average | P/E Deviation vs Avg | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Country | Trend | P/E▾ | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | |||
|
New Zealand | ENZL | 32.82 |
Overvalued
|
Overvalued
|
Expensive
|
27.32 | 25.60 | 19.83 |
+1.26 σ
|
+1.70 σ
|
+2.59 σ
|
06 Sep | |
|
India | INDA | 26.79 |
Expensive
|
Expensive
|
Expensive
|
22.01 | 19.49 | 17.17 |
+3.28 σ
|
+3.33 σ
|
+3.83 σ
|
06 Sep | |
|
United States | VTI | 24.82 |
Expensive
|
Expensive
|
Expensive
|
20.71 | 18.54 | 16.06 |
+2.23 σ
|
+3.10 σ
|
+4.03 σ
|
06 Sep | |
|
Australia | EWA | 22.04 |
Expensive
|
Expensive
|
Expensive
|
16.36 | 15.67 | 14.49 |
+3.20 σ
|
+5.85 σ
|
+5.94 σ
|
06 Sep | |
|
Thailand | THD | 21.03 |
Overvalued
|
Overvalued
|
Overvalued
|
19.02 | 17.97 | 15.41 |
+1.02 σ
|
+1.66 σ
|
+2.00 σ
|
06 Sep | |
|
Taiwan | EWT | 20.39 |
Expensive
|
Expensive
|
Expensive
|
15.41 | 14.06 | 13.54 |
+2.55 σ
|
+4.24 σ
|
+5.06 σ
|
06 Sep | |
|
Denmark | EDEN | 20.10 |
Fair
|
Fair
|
Overvalued
|
19.52 | 18.59 | 16.44 |
+0.13 σ
|
+0.64 σ
|
+1.98 σ
|
06 Sep | |
|
Switzerland | EWL | 19.54 |
Fair
|
Expensive
|
Expensive
|
18.29 | 17.39 | 15.37 |
+0.94 σ
|
+2.03 σ
|
+2.22 σ
|
06 Sep | |
|
France | EWQ | 18.73 |
Overvalued
|
Expensive
|
Expensive
|
15.65 | 14.76 | 12.97 |
+1.71 σ
|
+2.99 σ
|
+3.49 σ
|
06 Sep | |
|
Canada | EWC | 18.50 |
Expensive
|
Expensive
|
Expensive
|
14.56 | 14.78 | 14.17 |
+2.94 σ
|
+3.55 σ
|
+4.40 σ
|
06 Sep | |
|
Belgium | EWK | 17.78 |
Fair
|
Fair
|
Overvalued
|
16.00 | 16.89 | 14.38 |
+0.62 σ
|
+0.47 σ
|
+1.34 σ
|
06 Sep | |
|
Japan | EWJ | 17.31 |
Overvalued
|
Expensive
|
Overvalued
|
14.69 | 13.99 | 14.48 |
+1.67 σ
|
+2.84 σ
|
+1.79 σ
|
06 Sep | |
|
Malaysia | EWM | 17.27 |
Expensive
|
Expensive
|
Expensive
|
14.48 | 15.08 | 14.56 |
+3.05 σ
|
+2.97 σ
|
+3.12 σ
|
06 Sep | |
|
Netherlands | EWN | 17.23 |
Fair
|
Fair
|
Overvalued
|
19.01 | 16.76 | 13.94 |
-0.66 σ
|
+0.24 σ
|
+1.43 σ
|
06 Sep | |
|
United Kingdom | EWU | 16.75 |
Expensive
|
Expensive
|
Expensive
|
11.97 | 13.07 | 12.15 |
+3.36 σ
|
+2.69 σ
|
+3.19 σ
|
06 Sep | |
|
Ireland | EIRL | 16.61 |
Fair
|
Fair
|
Fair
|
16.90 | 16.16 | 16.11 |
-0.10 σ
|
+0.25 σ
|
+0.20 σ
|
06 Sep | |
|
Vietnam | VNM | 16.47 |
Fair
|
-
|
-
|
16.45 | - | - |
+0.01 σ
|
-
|
-
|
06 Sep | |
|
Perù | EPU | 15.88 |
Overvalued
|
Expensive
|
Expensive
|
11.98 | 12.57 | 12.48 |
+1.96 σ
|
+2.38 σ
|
+2.07 σ
|
06 Sep | |
|
Germany | EWG | 15.44 |
Overvalued
|
Expensive
|
Expensive
|
13.39 | 13.08 | 12.24 |
+1.34 σ
|
+2.50 σ
|
+3.02 σ
|
06 Sep | |
|
Sweden | EWD | 14.63 |
Fair
|
Fair
|
Fair
|
15.99 | 15.72 | 14.62 |
-0.76 σ
|
-0.95 σ
|
+0.01 σ
|
06 Sep | |
|
Hong Kong | EWH | 14.16 |
Fair
|
Fair
|
Undervalued
|
15.14 | 15.02 | 15.19 |
-0.90 σ
|
-0.98 σ
|
-1.10 σ
|
06 Sep | |
|
Indonesia | EIDO | 13.48 |
Fair
|
Fair
|
Fair
|
13.89 | 14.56 | 13.54 |
-0.28 σ
|
-0.98 σ
|
-0.04 σ
|
06 Sep | |
|
South Africa | EZA | 13.44 |
Expensive
|
Fair
|
Overvalued
|
10.05 | 12.35 | 11.62 |
+3.77 σ
|
+0.53 σ
|
+1.15 σ
|
06 Sep | |
|
Singapore | EWS | 13.24 |
Fair
|
Fair
|
Fair
|
13.20 | 12.95 | 13.30 |
+0.03 σ
|
+0.31 σ
|
-0.07 σ
|
06 Sep | |
|
Argentina | ARGT | 13.09 |
Overvalued
|
Overvalued
|
Overvalued
|
11.86 | 11.48 | 10.31 |
+1.05 σ
|
+1.06 σ
|
+1.26 σ
|
06 Sep | |
|
Israel | EIS | 12.69 |
Overvalued
|
Overvalued
|
Overvalued
|
11.06 | 10.91 | 10.99 |
+1.02 σ
|
+1.99 σ
|
+1.09 σ
|
06 Sep | |
|
South Korea | EWY | 12.42 |
Overvalued
|
Expensive
|
Expensive
|
10.63 | 9.97 | 9.71 |
+1.60 σ
|
+2.69 σ
|
+2.94 σ
|
06 Sep | |
|
Philippines | EPHE | 11.58 |
Undervalued
|
Cheap
|
Undervalued
|
14.57 | 16.30 | 15.32 |
-1.41 σ
|
-2.64 σ
|
-1.88 σ
|
06 Sep | |
|
Italy | EWI | 11.55 |
Fair
|
Fair
|
Fair
|
10.60 | 11.59 | 11.26 |
+0.53 σ
|
-0.03 σ
|
+0.18 σ
|
06 Sep | |
|
Chile | ECH | 11.29 |
Fair
|
Fair
|
Cheap
|
10.76 | 13.49 | 14.87 |
+0.17 σ
|
-0.81 σ
|
-2.16 σ
|
06 Sep | |
|
Norway | NORW | 10.91 |
Fair
|
Fair
|
Fair
|
11.57 | 12.55 | 11.57 |
-0.25 σ
|
-0.92 σ
|
-0.42 σ
|
06 Sep | |
|
Mexico | EWW | 10.88 |
Cheap
|
Undervalued
|
Undervalued
|
12.94 | 14.55 | 14.26 |
-2.18 σ
|
-1.98 σ
|
-1.96 σ
|
06 Sep | |
|
Poland | EPOL | 10.82 |
Fair
|
Fair
|
Fair
|
9.94 | 11.17 | 11.52 |
+0.45 σ
|
-0.24 σ
|
-0.57 σ
|
06 Sep | |
|
Qatar | QAT | 10.79 |
Undervalued
|
-
|
-
|
14.01 | - | - |
-1.72 σ
|
-
|
-
|
06 Sep | |
|
Spain | EWP | 10.06 |
Fair
|
Undervalued
|
Undervalued
|
11.66 | 12.18 | 11.64 |
-0.96 σ
|
-1.54 σ
|
-1.06 σ
|
06 Sep | |
|
China | FXI | 9.00 |
Undervalued
|
Undervalued
|
Undervalued
|
11.20 | 11.04 | 11.05 |
-1.08 σ
|
-1.39 σ
|
-1.23 σ
|
06 Sep | |
|
Austria | EWO | 8.05 |
Fair
|
Fair
|
Undervalued
|
8.29 | 9.75 | 10.11 |
-0.12 σ
|
-0.94 σ
|
-1.23 σ
|
06 Sep | |
|
Brazil | EWZ | 7.74 |
Fair
|
Undervalued
|
Undervalued
|
8.57 | 10.17 | 9.72 |
-0.40 σ
|
-1.31 σ
|
-1.20 σ
|
06 Sep | |
|
Turkey | TUR | 7.71 |
Expensive
|
Fair
|
Fair
|
5.52 | 6.62 | 8.12 |
+3.15 σ
|
+0.90 σ
|
-0.25 σ
|
06 Sep | |
|
Greece | GREK | 7.20 |
Undervalued
|
Cheap
|
Undervalued
|
10.51 | 11.46 | 11.41 |
-1.47 σ
|
-2.25 σ
|
-1.84 σ
|
06 Sep | |
|
Colombia | GXG | 5.72 |
Undervalued
|
Undervalued
|
Cheap
|
7.89 | 10.37 | 13.26 |
-1.00 σ
|
-1.91 σ
|
-2.66 σ
|
06 Sep |
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".
The Trend is considered positive if the ETF price is higher than the 200-day moving average (SMA).