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 30.04
Fair
Fair
Overvalued
 27.23 27.14 21.08
+0.69 σ
+0.71 σ
+1.64 σ
 +1.16% 16 Jan
VTI United States 27.07
Overvalued
Expensive
Expensive
 22.42 19.77 16.63
+2.00 σ
+2.69 σ
+3.76 σ
 +9.53% 16 Jan
INDA India 24.11
Fair
Overvalued
Expensive
 23.07 20.60 17.94
+0.84 σ
+1.43 σ
+2.21 σ
 -1.43% 16 Jan
EWL Switzerland 23.62
Overvalued
Expensive
Expensive
 19.52 18.10 15.78
+1.87 σ
+3.24 σ
+3.66 σ
 +8.98% 16 Jan
EWA Australia 21.23
Overvalued
Expensive
Expensive
 17.10 16.41 14.80
+1.77 σ
+2.88 σ
+4.05 σ
 +2.56% 16 Jan
EWD Sweden 21.18
Expensive
Expensive
Expensive
 16.40 16.04 14.84
+2.10 σ
+3.39 σ
+4.11 σ
 +10.81% 16 Jan
EWT Taiwan 20.62
Expensive
Expensive
Expensive
 15.96 14.87 13.99
+2.06 σ
+3.30 σ
+4.10 σ
 +13.91% 16 Jan
EWC Canada 20.29
Overvalued
Expensive
Expensive
 15.65 15.20 14.38
+1.99 σ
+3.46 σ
+5.02 σ
 +14.65% 16 Jan
EWU United Kingdom 20.03
Expensive
Expensive
Expensive
 13.05 13.32 12.29
+2.66 σ
+4.01 σ
+4.85 σ
 +10.20% 16 Jan
EWK Belgium 19.00
Overvalued
Overvalued
Overvalued
 16.16 16.85 14.82
+1.05 σ
+1.11 σ
+1.62 σ
 +11.53% 16 Jan
EWQ France 18.96
Overvalued
Expensive
Expensive
 16.50 15.32 13.34
+1.30 σ
+2.16 σ
+2.78 σ
 +4.97% 16 Jan
EWH Hong Kong 18.61
Expensive
Expensive
Expensive
 15.44 15.20 15.21
+2.82 σ
+3.75 σ
+3.46 σ
 +10.06% 16 Jan
EWN Netherlands 18.52
Fair
Fair
Overvalued
 18.14 16.86 14.28
+0.14 σ
+0.84 σ
+1.81 σ
 +13.40% 16 Jan
EWG Germany 18.42
Expensive
Expensive
Expensive
 14.09 13.55 12.44
+2.09 σ
+3.43 σ
+4.64 σ
 +5.14% 16 Jan
VNM Vietnam 17.89
Fair
-
-
 15.76 - -
+0.72 σ
-
-
 +22.27% 16 Jan
EIS Israel 17.76
Expensive
Expensive
Expensive
 11.85 11.29 10.98
+3.11 σ
+5.21 σ
+4.44 σ
 +25.71% 16 Jan
EWJ Japan 17.41
Overvalued
Expensive
Overvalued
 14.84 14.21 14.43
+1.79 σ
+2.36 σ
+1.88 σ
 +10.48% 16 Jan
EWS Singapore 16.56
Expensive
Expensive
Expensive
 13.62 13.19 13.37
+2.18 σ
+3.30 σ
+3.43 σ
 +4.17% 16 Jan
EZA South Africa 16.21
Expensive
Expensive
Expensive
 10.56 12.10 11.88
+3.59 σ
+2.14 σ
+2.64 σ
 +23.80% 16 Jan
ARGT Argentina 16.04
Overvalued
Expensive
Expensive
 12.47 12.38 10.63
+1.98 σ
+2.91 σ
+2.21 σ
 +8.71% 16 Jan
EDEN Denmark 16.01
Fair
Fair
Fair
 16.97 18.20 16.54
-0.29 σ
-0.84 σ
-0.29 σ
 +10.66% 16 Jan
EWM Malaysia 15.94
Expensive
Overvalued
Overvalued
 14.30 15.06 14.68
+2.22 σ
+1.17 σ
+1.58 σ
 +11.97% 16 Jan
EPU Perù 15.78
Overvalued
Expensive
Expensive
 12.08 12.73 12.31
+1.92 σ
+2.15 σ
+2.41 σ
 +48.13% 16 Jan
EWY South Korea 15.09
Expensive
Expensive
Expensive
 10.45 10.17 9.89
+4.04 σ
+4.78 σ
+5.62 σ
 +45.11% 16 Jan
NORW Norway 15.05
Expensive
Overvalued
Expensive
 10.79 12.59 11.56
+2.21 σ
+1.37 σ
+2.20 σ
 +7.97% 16 Jan
ECH Chile 15.03
Overvalued
Fair
Fair
 10.14 13.13 14.58
+1.98 σ
+0.69 σ
+0.25 σ
 +30.96% 16 Jan
EWO Austria 14.74
Expensive
Expensive
Expensive
 8.35 9.59 9.95
+3.28 σ
+2.88 σ
+3.00 σ
 +19.14% 16 Jan
THD Thailand 14.52
Undervalued
Undervalued
Fair
 17.71 17.55 15.80
-1.38 σ
-1.51 σ
-0.52 σ
 +6.79% 16 Jan
EIRL Ireland 14.44
Fair
Fair
Fair
 15.35 15.62 16.16
-0.40 σ
-0.63 σ
-0.70 σ
 +9.96% 16 Jan
EWW Mexico 14.41
Expensive
Fair
Fair
 12.52 13.73 14.26
+2.11 σ
+0.44 σ
+0.08 σ
 +17.25% 16 Jan
EWP Spain 14.05
Expensive
Overvalued
Overvalued
 11.29 11.83 11.54
+2.22 σ
+1.86 σ
+1.68 σ
 +16.37% 16 Jan
EWI Italy 13.51
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.64 σ
+1.43 σ
+1.49 σ
 +10.60% 16 Jan
TUR Turkey 13.24
Expensive
Expensive
Expensive
 5.87 6.41 7.94
+4.70 σ
+5.81 σ
+3.28 σ
 +15.28% 16 Jan
EIDO Indonesia 12.99
Fair
Fair
Fair
 13.01 14.22 13.65
-0.02 σ
-0.87 σ
-0.53 σ
 +6.73% 16 Jan
EPOL Poland 12.76
Overvalued
Overvalued
Overvalued
 10.15 11.01 11.45
+1.25 σ
+1.30 σ
+1.06 σ
 +11.43% 16 Jan
QAT Qatar 12.11
Fair
-
-
 13.20 - -
-0.50 σ
-
-
 +2.18% 16 Jan
EWZ Brazil 11.13
Expensive
Fair
Fair
 7.96 9.97 9.95
+2.52 σ
+0.62 σ
+0.82 σ
 +13.11% 16 Jan
GREK Greece 11.08
Fair
Fair
Fair
 9.53 11.30 11.01
+0.77 σ
-0.11 σ
+0.03 σ
 +15.39% 16 Jan
FXI China 10.75
Fair
Fair
Fair
 10.36 11.15 11.03
+0.28 σ
-0.29 σ
-0.16 σ
 +3.60% 16 Jan
GXG Colombia 10.02
Overvalued
Fair
Fair
 7.25 9.49 12.49
+1.76 σ
+0.24 σ
-0.85 σ
 +26.06% 16 Jan
EPHE Philippines 9.27
Undervalued
Cheap
Cheap
 12.95 15.04 15.23
-1.42 σ
-2.30 σ
-2.78 σ
 +1.88% 16 Jan
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).