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
Trend Margin
Country P/E Ratio▾ 5 Years 10 Years 20 Years 5 Years 10 Years 20 Years 5 Years 10 Years 20 Years vs SMA-200 Time (ET)
ENZL New Zealand 29.45
Fair
Fair
Overvalued
 27.61 26.79 20.76
+0.41 σ
+0.63 σ
+1.60 σ
 +5.02% 09:57 AM
VTI United States 26.78
Expensive
Expensive
Expensive
 22.11 19.40 16.46
+2.26 σ
+2.93 σ
+3.92 σ
 +10.44% 10:00 AM
INDA India 24.03
Fair
Overvalued
Expensive
 22.91 20.30 17.77
+0.93 σ
+1.53 σ
+2.32 σ
 +2.89% 10:00 AM
EWL Switzerland 22.07
Overvalued
Expensive
Expensive
 19.22 17.87 15.68
+1.41 σ
+2.77 σ
+3.09 σ
 +6.43% 09:59 AM
EWA Australia 21.17
Overvalued
Expensive
Expensive
 16.97 16.19 14.70
+1.92 σ
+3.23 σ
+4.40 σ
 +8.09% 10:00 AM
EWD Sweden 21.15
Expensive
Expensive
Expensive
 16.19 15.83 14.76
+2.45 σ
+3.81 σ
+4.34 σ
 +9.70% 09:59 AM
EWH Hong Kong 20.14
Expensive
Expensive
Expensive
 15.37 15.07 15.17
+4.69 σ
+5.80 σ
+5.29 σ
 +18.17% 09:59 AM
VNM Vietnam 19.31
Overvalued
-
-
 15.86 - -
+1.10 σ
-
-
 +33.78% 09:59 AM
EWC Canada 19.02
Overvalued
Expensive
Expensive
 15.37 15.02 14.32
+1.82 σ
+3.15 σ
+4.22 σ
 +15.22% 10:00 AM
EWU United Kingdom 18.81
Expensive
Expensive
Expensive
 12.72 13.24 12.23
+2.73 σ
+3.59 σ
+4.32 σ
 +10.66% 10:00 AM
EWG Germany 18.66
Expensive
Expensive
Expensive
 13.90 13.39 12.37
+2.64 σ
+4.25 σ
+5.20 σ
 +7.32% 09:59 AM
EWQ France 18.35
Overvalued
Expensive
Expensive
 16.40 15.15 13.23
+1.08 σ
+2.01 σ
+2.65 σ
 +7.76% 09:59 AM
EWK Belgium 17.05
Fair
Fair
Fair
 16.30 16.86 14.69
+0.27 σ
+0.10 σ
+0.92 σ
 +10.83% 09:53 AM
EWT Taiwan 17.05
Fair
Overvalued
Expensive
 15.84 14.61 13.86
+0.56 σ
+1.43 σ
+2.07 σ
 +17.78% 10:00 AM
EWJ Japan 16.92
Overvalued
Expensive
Overvalued
 14.87 14.09 14.43
+1.39 σ
+2.25 σ
+1.57 σ
 +13.62% 10:00 AM
EWS Singapore 15.70
Overvalued
Expensive
Expensive
 13.49 13.05 13.34
+1.82 σ
+2.66 σ
+2.64 σ
 +17.10% 10:00 AM
EWN Netherlands 14.93
Undervalued
Fair
Fair
 18.47 16.75 14.17
-1.22 σ
-0.92 σ
+0.33 σ
 +11.99% 09:41 AM
EWM Malaysia 14.63
Fair
Fair
Fair
 14.32 15.05 14.65
+0.40 σ
-0.56 σ
-0.02 σ
 +7.75% 09:56 AM
ARGT Argentina 14.36
Overvalued
Overvalued
Overvalued
 12.09 12.11 10.53
+1.44 σ
+1.88 σ
+1.63 σ
 -13.57% 09:57 AM
EDEN Denmark 14.32
Fair
Undervalued
Undervalued
 17.84 18.36 16.55
-0.92 σ
-1.62 σ
-1.21 σ
 +1.97% 09:42 AM
THD Thailand 14.32
Undervalued
Undervalued
Fair
 18.32 17.78 15.73
-1.69 σ
-1.74 σ
-0.55 σ
 +10.40% 09:56 AM
EIS Israel 13.89
Overvalued
Expensive
Overvalued
 11.71 11.18 10.97
+1.21 σ
+2.36 σ
+1.93 σ
 +12.78% 09:44 AM
TUR Turkey 13.86
Expensive
Expensive
Expensive
 5.55 6.40 7.94
+8.32 σ
+6.44 σ
+3.66 σ
 +2.73% 09:52 AM
EIRL Ireland 13.70
Fair
Undervalued
Fair
 15.91 15.67 16.12
-0.82 σ
-1.07 σ
-0.98 σ
 +7.17% 09:43 AM
NORW Norway 13.43
Overvalued
Fair
Overvalued
 10.92 12.54 11.53
+1.17 σ
+0.50 σ
+1.22 σ
 +13.10% 09:51 AM
EWI Italy 13.35
Overvalued
Overvalued
Overvalued
 10.62 11.42 11.16
+1.54 σ
+1.30 σ
+1.39 σ
 +17.32% 10:00 AM
EWO Austria 13.27
Expensive
Expensive
Expensive
 8.26 9.54 9.93
+2.76 σ
+2.14 σ
+2.10 σ
 +16.78% 09:42 AM
EZA South Africa 13.26
Expensive
Fair
Fair
 10.40 12.16 11.83
+2.20 σ
+0.57 σ
+0.90 σ
 +22.74% 09:59 AM
EWW Mexico 13.01
Fair
Fair
Fair
 12.54 13.87 14.24
+0.51 σ
-0.52 σ
-0.70 σ
 +20.17% 09:59 AM
EWP Spain 12.83
Overvalued
Fair
Fair
 11.35 11.80 11.53
+1.08 σ
+0.88 σ
+0.88 σ
 +22.95% 09:57 AM
ECH Chile 12.82
Fair
Fair
Fair
 10.23 13.09 14.61
+0.99 σ
-0.10 σ
-0.98 σ
 +13.45% 09:59 AM
QAT Qatar 12.68
Fair
-
-
 13.45 - -
-0.35 σ
-
-
 +7.01% 09:30 AM
EIDO Indonesia 12.55
Fair
Undervalued
Fair
 13.23 14.24 13.61
-0.45 σ
-1.21 σ
-0.83 σ
 +1.34% 09:58 AM
EPOL Poland 11.94
Fair
Fair
Fair
 10.11 10.98 11.48
+0.87 σ
+0.72 σ
+0.37 σ
 +15.11% 09:59 AM
EPU Perù 11.62
Fair
Fair
Fair
 12.20 12.63 12.35
-0.28 σ
-0.70 σ
-0.49 σ
 +26.57% 09:51 AM
GREK Greece 11.22
Fair
Fair
Fair
 9.63 11.20 11.08
+0.75 σ
+0.01 σ
+0.06 σ
 +26.43% 09:59 AM
FXI China 11.20
Fair
Fair
Fair
 10.68 11.08 11.02
+0.28 σ
+0.08 σ
+0.10 σ
 +18.82% 10:00 AM
EWY South Korea 10.74
Fair
Fair
Overvalued
 10.43 10.08 9.84
+0.29 σ
+0.68 σ
+1.01 σ
 +29.82% 10:00 AM
EWZ Brazil 10.09
Overvalued
Fair
Fair
 7.98 9.95 9.88
+1.63 σ
+0.07 σ
+0.14 σ
 +16.91% 10:00 AM
EPHE Philippines 9.59
Undervalued
Cheap
Cheap
 13.55 15.35 15.27
-1.52 σ
-2.48 σ
-2.72 σ
 +2.70% 09:48 AM
GXG Colombia 8.95
Fair
Fair
Undervalued
 7.39 9.59 12.65
+0.85 σ
-0.28 σ
-1.26 σ
 +18.34% 16 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). Additionally, P/E values greater than 70 or lower than 1 are logarithmically normalized to reduce distortions.

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".

The Trend is considered positive if the ETF price is higher than the 200-day moving average (SMA).