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 28.67
Fair
Fair
Overvalued
 27.39 26.96 20.91
+0.30 σ
+0.41 σ
+1.42 σ
 +1.53% 03:43 PM
VTI United States 27.27
Expensive
Expensive
Expensive
 22.26 19.59 16.54
+2.28 σ
+2.94 σ
+3.97 σ
 +9.96% 03:58 PM
INDA India 24.51
Overvalued
Overvalued
Expensive
 22.99 20.44 17.86
+1.27 σ
+1.66 σ
+2.43 σ
 +2.26% 03:58 PM
EWL Switzerland 21.33
Fair
Expensive
Expensive
 19.35 17.98 15.73
+0.95 σ
+2.10 σ
+2.66 σ
 +3.30% 03:58 PM
EWD Sweden 20.90
Expensive
Expensive
Expensive
 16.28 15.95 14.80
+2.16 σ
+3.45 σ
+4.05 σ
 +5.16% 03:42 PM
VNM Vietnam 20.28
Overvalued
-
-
 15.85 - -
+1.42 σ
-
-
 +19.37% 03:58 PM
EWA Australia 20.25
Overvalued
Expensive
Expensive
 17.03 16.30 14.75
+1.43 σ
+2.46 σ
+3.60 σ
 +3.83% 03:58 PM
EWC Canada 19.27
Overvalued
Expensive
Expensive
 15.49 15.10 14.35
+1.75 σ
+3.04 σ
+4.30 σ
 +10.61% 03:58 PM
EWU United Kingdom 18.96
Expensive
Expensive
Expensive
 12.90 13.28 12.26
+2.48 σ
+3.53 σ
+4.30 σ
 +8.85% 03:58 PM
EWT Taiwan 18.62
Overvalued
Expensive
Expensive
 15.88 14.74 13.92
+1.25 σ
+2.27 σ
+2.99 σ
 +16.71% 03:58 PM
EWH Hong Kong 18.57
Expensive
Expensive
Expensive
 15.41 15.14 15.19
+2.91 σ
+3.90 σ
+3.52 σ
 +15.60% 03:58 PM
EWN Netherlands 18.32
Fair
Fair
Overvalued
 18.33 16.81 14.22
-0.00 σ
+0.77 σ
+1.77 σ
 +11.96% 03:58 PM
EWQ France 18.15
Fair
Overvalued
Expensive
 16.44 15.25 13.29
+0.93 σ
+1.78 σ
+2.46 σ
 +3.77% 03:58 PM
EWG Germany 17.52
Overvalued
Expensive
Expensive
 13.99 13.48 12.40
+1.84 σ
+3.07 σ
+4.10 σ
 +1.48% 03:58 PM
EWK Belgium 17.51
Fair
Fair
Overvalued
 16.24 16.87 14.75
+0.45 σ
+0.33 σ
+1.07 σ
 +10.45% 03:05 PM
EWJ Japan 17.47
Overvalued
Expensive
Overvalued
 14.85 14.16 14.44
+1.83 σ
+2.52 σ
+1.90 σ
 +12.46% 03:58 PM
ARGT Argentina 15.59
Overvalued
Expensive
Expensive
 12.20 12.23 10.56
+1.99 σ
+2.79 σ
+2.11 σ
 +10.18% 03:57 PM
EWS Singapore 15.56
Overvalued
Expensive
Expensive
 13.55 13.12 13.35
+1.58 σ
+2.45 σ
+2.43 σ
 +10.63% 03:58 PM
EIS Israel 14.98
Overvalued
Expensive
Expensive
 11.80 11.24 10.98
+1.72 σ
+3.15 σ
+2.64 σ
 +17.57% 03:58 PM
EWM Malaysia 14.74
Fair
Fair
Fair
 14.28 15.06 14.66
+0.64 σ
-0.43 σ
+0.10 σ
 +7.48% 03:58 PM
THD Thailand 14.57
Undervalued
Undervalued
Fair
 18.05 17.65 15.76
-1.43 σ
-1.55 σ
-0.47 σ
 +9.00% 03:50 PM
EWW Mexico 14.05
Overvalued
Fair
Fair
 12.55 13.80 14.25
+1.60 σ
+0.16 σ
-0.12 σ
 +14.61% 03:58 PM
ECH Chile 14.00
Overvalued
Fair
Fair
 10.14 13.09 14.58
+1.56 σ
+0.33 σ
-0.32 σ
 +13.75% 03:58 PM
TUR Turkey 13.86
Expensive
Expensive
Expensive
 5.70 6.40 7.94
+6.30 σ
+6.41 σ
+3.66 σ
 +3.09% 03:59 PM
EIRL Ireland 13.70
Fair
Undervalued
Fair
 15.63 15.64 16.13
-0.76 σ
-1.04 σ
-0.99 σ
 +7.55% 03:57 PM
EWP Spain 13.65
Overvalued
Overvalued
Overvalued
 11.32 11.81 11.53
+1.78 σ
+1.56 σ
+1.43 σ
 +18.70% 03:58 PM
EWY South Korea 13.27
Expensive
Expensive
Expensive
 10.43 10.12 9.86
+2.54 σ
+3.20 σ
+3.78 σ
 +39.31% 03:58 PM
EIDO Indonesia 13.25
Fair
Fair
Fair
 13.12 14.25 13.63
+0.09 σ
-0.72 σ
-0.31 σ
 +5.51% 03:58 PM
EWO Austria 13.24
Expensive
Expensive
Expensive
 8.32 9.58 9.94
+2.59 σ
+2.06 σ
+2.08 σ
 +11.43% 03:31 PM
EPU Perù 13.23
Fair
Fair
Fair
 12.09 12.66 12.32
+0.58 σ
+0.40 σ
+0.62 σ
 +26.47% 03:42 PM
EDEN Denmark 13.14
Undervalued
Undervalued
Undervalued
 17.37 18.28 16.53
-1.18 σ
-1.99 σ
-1.83 σ
 -2.30% 03:55 PM
EWI Italy 13.00
Overvalued
Overvalued
Overvalued
 10.61 11.42 11.16
+1.35 σ
+1.07 σ
+1.17 σ
 +11.53% 03:58 PM
NORW Norway 12.46
Fair
Fair
Fair
 10.82 12.57 11.54
+0.82 σ
-0.06 σ
+0.59 σ
 +2.06% 03:24 PM
QAT Qatar 12.44
Fair
-
-
 13.36 - -
-0.42 σ
-
-
 +4.05% 02:08 PM
EPOL Poland 12.04
Fair
Fair
Fair
 10.17 10.99 11.46
+0.89 σ
+0.79 σ
+0.47 σ
 +13.07% 03:57 PM
FXI China 10.99
Fair
Fair
Fair
 10.53 11.12 11.03
+0.28 σ
-0.10 σ
-0.02 σ
 +9.40% 03:58 PM
EWZ Brazil 10.96
Expensive
Fair
Fair
 7.97 9.97 9.91
+2.37 σ
+0.54 σ
+0.72 σ
 +16.79% 03:58 PM
GXG Colombia 10.50
Overvalued
Fair
Fair
 7.32 9.52 12.57
+1.87 σ
+0.44 σ
-0.71 σ
 +21.29% 03 Nov
GREK Greece 10.49
Fair
Fair
Fair
 9.59 11.24 11.04
+0.44 σ
-0.37 σ
-0.24 σ
 +13.78% 03:57 PM
EPHE Philippines 8.46
Undervalued
Cheap
Cheap
 13.28 15.20 15.25
-1.82 σ
-2.79 σ
-3.22 σ
 -6.36% 03:56 PM
EZA South Africa 3.84
Cheap
Cheap
Cheap
 10.43 12.09 11.84
-4.65 σ
-4.32 σ
-4.97 σ
 +19.94% 03:58 PM
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).