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 30.41
Fair
Fair
Overvalued
 27.39 26.96 20.91
+0.71 σ
+0.83 σ
+1.74 σ
 +2.06% 03:44 PM
VTI United States 27.60
Expensive
Expensive
Expensive
 22.26 19.59 16.54
+2.43 σ
+3.07 σ
+4.09 σ
 +11.13% 03:59 PM
INDA India 24.71
Overvalued
Overvalued
Expensive
 22.99 20.44 17.86
+1.43 σ
+1.74 σ
+2.50 σ
 +2.73% 03:59 PM
EWL Switzerland 21.92
Overvalued
Expensive
Expensive
 19.35 17.98 15.73
+1.24 σ
+2.47 σ
+2.95 σ
 +4.62% 03:58 PM
EWA Australia 21.40
Overvalued
Expensive
Expensive
 17.03 16.30 14.75
+1.94 σ
+3.18 σ
+4.35 σ
 +4.58% 03:59 PM
EWD Sweden 20.50
Overvalued
Expensive
Expensive
 16.28 15.95 14.80
+1.97 σ
+3.16 σ
+3.78 σ
 +6.03% 03:50 PM
EWT Taiwan 20.18
Overvalued
Expensive
Expensive
 15.88 14.74 13.92
+1.97 σ
+3.19 σ
+3.98 σ
 +17.20% 03:59 PM
EWC Canada 19.68
Overvalued
Expensive
Expensive
 15.49 15.10 14.35
+1.94 σ
+3.34 σ
+4.66 σ
 +12.16% 03:59 PM
EWU United Kingdom 19.34
Expensive
Expensive
Expensive
 12.90 13.28 12.26
+2.64 σ
+3.77 σ
+4.54 σ
 +10.05% 03:59 PM
EWN Netherlands 19.32
Fair
Overvalued
Expensive
 18.33 16.81 14.22
+0.34 σ
+1.28 σ
+2.20 σ
 +12.48% 03:55 PM
EWQ France 19.02
Overvalued
Expensive
Expensive
 16.44 15.25 13.29
+1.41 σ
+2.32 σ
+2.90 σ
 +5.07% 03:59 PM
EWG Germany 18.69
Expensive
Expensive
Expensive
 13.99 13.48 12.40
+2.45 σ
+3.97 σ
+5.04 σ
 +2.28% 03:59 PM
VNM Vietnam 18.60
Fair
-
-
 15.85 - -
+0.88 σ
-
-
 +14.07% 03:59 PM
EWH Hong Kong 18.28
Expensive
Expensive
Expensive
 15.41 15.14 15.19
+2.65 σ
+3.58 σ
+3.22 σ
 +16.46% 03:59 PM
EWK Belgium 18.23
Fair
Fair
Overvalued
 16.24 16.87 14.75
+0.71 σ
+0.70 σ
+1.35 σ
 +10.24% 02:10 PM
EWJ Japan 17.71
Overvalued
Expensive
Expensive
 14.85 14.16 14.44
+2.00 σ
+2.71 σ
+2.05 σ
 +12.57% 03:59 PM
EWS Singapore 16.37
Expensive
Expensive
Expensive
 13.55 13.12 13.35
+2.21 σ
+3.25 σ
+3.32 σ
 +10.75% 03:59 PM
ARGT Argentina 16.13
Expensive
Expensive
Expensive
 12.20 12.23 10.56
+2.30 σ
+3.24 σ
+2.34 σ
 +10.00% 03:59 PM
THD Thailand 15.12
Undervalued
Undervalued
Fair
 18.05 17.65 15.76
-1.21 σ
-1.28 σ
-0.26 σ
 +8.78% 03:59 PM
EWY South Korea 15.12
Expensive
Expensive
Expensive
 10.43 10.12 9.86
+4.20 σ
+5.08 σ
+5.83 σ
 +40.72% 03:59 PM
EIS Israel 15.04
Overvalued
Expensive
Expensive
 11.80 11.24 10.98
+1.75 σ
+3.20 σ
+2.68 σ
 +19.89% 03:59 PM
EWM Malaysia 14.92
Fair
Fair
Fair
 14.28 15.06 14.66
+0.89 σ
-0.19 σ
+0.32 σ
 +8.52% 03:59 PM
EZA South Africa 14.89
Expensive
Overvalued
Overvalued
 10.43 12.09 11.84
+3.15 σ
+1.47 σ
+1.90 σ
 +24.30% 03:59 PM
EDEN Denmark 14.43
Fair
Undervalued
Undervalued
 17.37 18.28 16.53
-0.82 σ
-1.49 σ
-1.13 σ
 -1.88% 02:30 PM
ECH Chile 14.41
Overvalued
Fair
Fair
 10.14 13.09 14.58
+1.73 σ
+0.48 σ
-0.09 σ
 +16.03% 03:59 PM
NORW Norway 14.34
Overvalued
Fair
Overvalued
 10.82 12.57 11.54
+1.77 σ
+0.99 σ
+1.79 σ
 +3.46% 03:58 PM
EIRL Ireland 14.33
Fair
Fair
Fair
 15.63 15.64 16.13
-0.51 σ
-0.71 σ
-0.74 σ
 +8.49% 03:43 PM
EPU Perù 13.80
Fair
Fair
Overvalued
 12.09 12.66 12.32
+0.88 σ
+0.80 σ
+1.01 σ
 +27.87% 03:43 PM
EWP Spain 13.78
Overvalued
Overvalued
Overvalued
 11.32 11.81 11.53
+1.88 σ
+1.68 σ
+1.52 σ
 +19.00% 03:59 PM
EWO Austria 13.65
Expensive
Expensive
Expensive
 8.32 9.58 9.94
+2.81 σ
+2.30 σ
+2.34 σ
 +12.33% 03:15 PM
TUR Turkey 13.35
Expensive
Expensive
Expensive
 5.70 6.40 7.94
+5.90 σ
+5.97 σ
+3.34 σ
 +0.50% 04:00 PM
EWI Italy 13.34
Overvalued
Overvalued
Overvalued
 10.61 11.42 11.16
+1.55 σ
+1.31 σ
+1.39 σ
 +13.73% 03:59 PM
EWW Mexico 12.89
Fair
Fair
Fair
 12.55 13.80 14.25
+0.36 σ
-0.57 σ
-0.78 σ
 +15.10% 03:59 PM
EIDO Indonesia 12.73
Fair
Undervalued
Fair
 13.12 14.25 13.63
-0.27 σ
-1.09 σ
-0.71 σ
 +5.60% 03:59 PM
EPOL Poland 12.60
Overvalued
Overvalued
Fair
 10.17 10.99 11.46
+1.16 σ
+1.22 σ
+0.93 σ
 +13.60% 03:59 PM
QAT Qatar 12.28
Fair
-
-
 13.36 - -
-0.50 σ
-
-
 +3.58% 03:03 PM
GREK Greece 11.46
Fair
Fair
Fair
 9.59 11.24 11.04
+0.90 σ
+0.11 σ
+0.19 σ
 +14.79% 03:54 PM
FXI China 10.97
Fair
Fair
Fair
 10.53 11.12 11.03
+0.27 σ
-0.11 σ
-0.03 σ
 +10.15% 03:59 PM
EWZ Brazil 10.55
Expensive
Fair
Fair
 7.97 9.97 9.91
+2.05 σ
+0.31 σ
+0.43 σ
 +18.19% 03:59 PM
GXG Colombia 10.21
Overvalued
Fair
Fair
 7.32 9.52 12.57
+1.70 σ
+0.31 σ
-0.81 σ
 +26.05% 07 Nov
EPHE Philippines 8.93
Undervalued
Cheap
Cheap
 13.28 15.20 15.25
-1.65 σ
-2.60 σ
-3.00 σ
 -8.16% 03:59 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).