Global P/E Ratios by Country

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 30.79
Fair
Overvalued
Overvalued
 27.84 26.46 20.50
+0.62 σ
+1.02 σ
+1.94 σ
 -2.09% 12:58 PM
VTI United States 24.69
Overvalued
Expensive
Expensive
 21.93 19.17 16.35
+1.47 σ
+2.34 σ
+3.31 σ
 +4.38% 01:00 PM
INDA India 24.59
Overvalued
Overvalued
Expensive
 22.84 20.11 17.62
+1.52 σ
+1.89 σ
+2.63 σ
 +2.95% 01:00 PM
EWL Switzerland 22.14
Overvalued
Expensive
Expensive
 19.06 17.71 15.60
+1.64 σ
+3.27 σ
+3.24 σ
 +5.58% 12:58 PM
EWC Canada 20.82
Expensive
Expensive
Expensive
 15.24 14.95 14.29
+3.07 σ
+5.03 σ
+6.08 σ
 +8.36% 12:58 PM
EWD Sweden 19.97
Overvalued
Expensive
Expensive
 16.14 15.73 14.70
+1.96 σ
+3.31 σ
+3.70 σ
 +6.85% 12:58 PM
EWA Australia 19.21
Overvalued
Expensive
Expensive
 16.96 16.06 14.64
+1.04 σ
+2.19 σ
+3.25 σ
 +3.58% 12:58 PM
EWG Germany 18.12
Expensive
Expensive
Expensive
 13.89 13.30 12.33
+2.37 σ
+4.23 σ
+4.98 σ
 +15.22% 01:00 PM
EWQ France 17.91
Fair
Overvalued
Expensive
 16.36 15.05 13.15
+0.88 σ
+1.90 σ
+2.56 σ
 +6.19% 12:50 PM
EWU United Kingdom 17.54
Expensive
Expensive
Expensive
 12.57 13.19 12.18
+2.50 σ
+2.94 σ
+3.64 σ
 +6.89% 12:59 PM
EWN Netherlands 17.09
Fair
Fair
Overvalued
 18.76 16.76 14.10
-0.58 σ
+0.17 σ
+1.30 σ
 +11.51% 12:23 PM
EWK Belgium 16.92
Fair
Fair
Fair
 16.35 16.88 14.62
+0.20 σ
+0.02 σ
+0.89 σ
 +9.13% 12:45 PM
EWT Taiwan 16.41
Fair
Overvalued
Overvalued
 15.84 14.47 13.80
+0.26 σ
+1.12 σ
+1.73 σ
 +9.54% 12:56 PM
VNM Vietnam 15.96
Fair
-
-
 15.83 - -
+0.04 σ
-
-
 +11.34% 12:59 PM
EWH Hong Kong 15.27
Fair
Fair
Fair
 15.34 15.06 15.16
-0.07 σ
+0.25 σ
+0.12 σ
 +14.02% 12:58 PM
EWJ Japan 14.95
Fair
Fair
Fair
 14.96 14.07 14.43
-0.01 σ
+0.71 σ
+0.33 σ
 +3.98% 01:00 PM
EDEN Denmark 14.87
Fair
Undervalued
Fair
 18.51 18.49 16.54
-0.88 σ
-1.50 σ
-0.91 σ
 -0.52% 12:13 PM
EIS Israel 14.11
Overvalued
Expensive
Expensive
 11.60 11.13 10.97
+1.46 σ
+2.74 σ
+2.08 σ
 +21.09% 12:59 PM
EWS Singapore 14.07
Fair
Overvalued
Fair
 13.47 12.98 13.33
+0.51 σ
+1.12 σ
+0.84 σ
 +10.23% 12:59 PM
THD Thailand 13.81
Cheap
Cheap
Fair
 18.73 17.85 15.67
-2.18 σ
-2.09 σ
-0.71 σ
 -13.48% 12:52 PM
EWM Malaysia 13.81
Fair
Undervalued
Fair
 14.44 15.07 14.63
-0.74 σ
-1.69 σ
-0.99 σ
 -2.46% 12:59 PM
EZA South Africa 13.62
Expensive
Fair
Overvalued
 10.31 12.21 11.78
+2.92 σ
+0.72 σ
+1.15 σ
 +10.75% 12:40 PM
EIRL Ireland 13.49
Undervalued
Undervalued
Undervalued
 16.39 15.79 16.11
-1.00 σ
-1.26 σ
-1.06 σ
 +6.09% 09:41 AM
EWI Italy 12.83
Overvalued
Fair
Overvalued
 10.64 11.44 11.16
+1.21 σ
+0.93 σ
+1.06 σ
 +16.08% 12:47 PM
EWW Mexico 12.50
Fair
Fair
Fair
 12.66 14.02 14.23
-0.15 σ
-0.87 σ
-0.98 σ
 +12.30% 01:00 PM
ARGT Argentina 12.39
Fair
Fair
Fair
 12.12 11.99 10.49
+0.17 σ
+0.30 σ
+0.81 σ
 +4.92% 12:59 PM
ECH Chile 11.90
Fair
Fair
Undervalued
 10.44 13.16 14.67
+0.51 σ
-0.46 σ
-1.54 σ
 +10.30% 01:00 PM
EPOL Poland 11.85
Fair
Fair
Fair
 10.09 10.99 11.48
+0.86 σ
+0.65 σ
+0.30 σ
 +19.67% 01:00 PM
NORW Norway 11.77
Fair
Fair
Fair
 11.13 12.52 11.55
+0.27 σ
-0.42 σ
+0.14 σ
 +12.18% 12:57 PM
EWY South Korea 11.68
Overvalued
Overvalued
Expensive
 10.50 10.02 9.79
+1.01 σ
+1.77 σ
+2.14 σ
 +24.13% 01:00 PM
EWP Spain 11.62
Fair
Fair
Fair
 11.53 11.86 11.54
+0.06 σ
-0.19 σ
+0.05 σ
 +18.70% 12:58 PM
QAT Qatar 11.37
Undervalued
-
-
 13.56 - -
-1.01 σ
-
-
 +1.09% 12:59 PM
EPU Perù 11.18
Fair
Fair
Fair
 12.42 12.62 12.41
-0.57 σ
-1.00 σ
-0.80 σ
 +9.51% 11:48 AM
EIDO Indonesia 10.90
Undervalued
Cheap
Cheap
 13.52 14.31 13.61
-1.70 σ
-2.61 σ
-2.09 σ
 -9.38% 12:59 PM
EWO Austria 10.75
Overvalued
Fair
Fair
 8.30 9.56 9.95
+1.31 σ
+0.68 σ
+0.50 σ
 +18.97% 12:52 PM
EWZ Brazil 10.48
Overvalued
Fair
Fair
 8.04 9.99 9.82
+1.73 σ
+0.26 σ
+0.43 σ
 +4.67% 12:59 PM
GREK Greece 10.24
Fair
Fair
Fair
 9.79 11.19 11.14
+0.20 σ
-0.46 σ
-0.39 σ
 +30.91% 12:58 PM
FXI China 10.10
Fair
Fair
Fair
 10.95 11.06 11.02
-0.41 σ
-0.67 σ
-0.54 σ
 +12.69% 12:59 PM
EPHE Philippines 9.81
Undervalued
Cheap
Cheap
 13.90 15.59 15.29
-1.65 σ
-2.62 σ
-2.67 σ
 +1.77% 12:56 PM
TUR Turkey 9.72
Expensive
Expensive
Overvalued
 5.47 6.40 7.94
+4.96 σ
+2.86 σ
+1.10 σ
 -10.68% 12:25 PM
GXG Colombia 8.31
Fair
Fair
Undervalued
 7.45 9.74 12.77
+0.46 σ
-0.60 σ
-1.52 σ
 +14.95% 24 Jun
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).