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 | 35.16 |
Overvalued
|
Expensive
|
Expensive
|
27.59 | 26.20 | 20.32 |
+1.64 σ
|
+2.13 σ
|
+2.86 σ
|
-5.68% | 17 Apr |
|
EWL | Switzerland | 25.04 |
Expensive
|
Expensive
|
Expensive
|
18.87 | 17.64 | 15.54 |
+3.63 σ
|
+5.93 σ
|
+4.76 σ
|
+4.02% | 17 Apr |
|
VTI | United States | 23.70 |
Overvalued
|
Expensive
|
Expensive
|
21.73 | 19.03 | 16.28 |
+1.06 σ
|
+2.06 σ
|
+3.04 σ
|
-8.70% | 17 Apr |
|
INDA | India | 23.45 |
Fair
|
Overvalued
|
Expensive
|
22.66 | 19.96 | 17.52 |
+0.66 σ
|
+1.49 σ
|
+2.26 σ
|
-3.18% | 17 Apr |
|
EWA | Australia | 19.94 |
Overvalued
|
Expensive
|
Expensive
|
16.83 | 15.99 | 14.59 |
+1.50 σ
|
+2.95 σ
|
+3.89 σ
|
-5.44% | 17 Apr |
|
EWC | Canada | 19.76 |
Expensive
|
Expensive
|
Expensive
|
15.11 | 14.94 | 14.26 |
+2.77 σ
|
+4.18 σ
|
+5.24 σ
|
+1.27% | 17 Apr |
|
EWD | Sweden | 19.27 |
Overvalued
|
Expensive
|
Expensive
|
16.07 | 15.69 | 14.66 |
+1.70 σ
|
+2.95 σ
|
+3.29 σ
|
+2.77% | 17 Apr |
|
EWQ | France | 18.89 |
Overvalued
|
Expensive
|
Expensive
|
16.21 | 15.02 | 13.10 |
+1.56 σ
|
+2.66 σ
|
+3.19 σ
|
+1.86% | 17 Apr |
|
EWG | Germany | 18.82 |
Expensive
|
Expensive
|
Expensive
|
13.79 | 13.28 | 12.30 |
+2.97 σ
|
+5.09 σ
|
+5.74 σ
|
+11.88% | 17 Apr |
|
EWK | Belgium | 18.72 |
Fair
|
Fair
|
Overvalued
|
16.22 | 16.86 | 14.54 |
+0.88 σ
|
+0.96 σ
|
+1.63 σ
|
+4.14% | 17 Apr |
|
EWU | United Kingdom | 18.71 |
Expensive
|
Expensive
|
Expensive
|
12.50 | 13.18 | 12.15 |
+3.33 σ
|
+3.76 σ
|
+4.54 σ
|
+2.66% | 17 Apr |
|
EWN | Netherlands | 16.37 |
Fair
|
Fair
|
Overvalued
|
18.82 | 16.77 | 14.04 |
-0.85 σ
|
-0.20 σ
|
+1.01 σ
|
-2.37% | 17 Apr |
|
EWT | Taiwan | 15.89 |
Fair
|
Fair
|
Overvalued
|
15.75 | 14.40 | 13.76 |
+0.06 σ
|
+0.86 σ
|
+1.42 σ
|
-14.49% | 17 Apr |
|
THD | Thailand | 15.61 |
Undervalued
|
Undervalued
|
Fair
|
18.85 | 17.91 | 15.62 |
-1.51 σ
|
-1.21 σ
|
-0.00 σ
|
-12.70% | 17 Apr |
|
EDEN | Denmark | 15.40 |
Fair
|
Undervalued
|
Fair
|
18.91 | 18.58 | 16.53 |
-0.82 σ
|
-1.33 σ
|
-0.61 σ
|
-13.73% | 17 Apr |
|
EWH | Hong Kong | 15.39 |
Fair
|
Fair
|
Fair
|
15.28 | 15.08 | 15.16 |
+0.11 σ
|
+0.35 σ
|
+0.25 σ
|
-2.52% | 17 Apr |
|
EWJ | Japan | 15.32 |
Fair
|
Overvalued
|
Fair
|
14.89 | 14.07 | 14.44 |
+0.27 σ
|
+1.00 σ
|
+0.56 σ
|
-1.18% | 17 Apr |
|
EWS | Singapore | 14.84 |
Overvalued
|
Overvalued
|
Overvalued
|
13.37 | 12.97 | 13.32 |
+1.26 σ
|
+1.98 σ
|
+1.75 σ
|
+5.63% | 17 Apr |
|
EWM | Malaysia | 14.68 |
Fair
|
Fair
|
Fair
|
14.48 | 15.08 | 14.62 |
+0.24 σ
|
-0.53 σ
|
+0.08 σ
|
-6.27% | 17 Apr |
|
EZA | South Africa | 14.35 |
Expensive
|
Overvalued
|
Overvalued
|
10.19 | 12.23 | 11.74 |
+4.21 σ
|
+1.06 σ
|
+1.65 σ
|
+3.58% | 17 Apr |
|
VNM | Vietnam | 13.48 |
Fair
|
-
|
-
|
15.96 | - | - |
-0.79 σ
|
-
|
-
|
-2.23% | 17 Apr |
|
ARGT | Argentina | 13.47 |
Fair
|
Overvalued
|
Overvalued
|
12.10 | 11.90 | 10.47 |
+0.86 σ
|
+1.12 σ
|
+1.28 σ
|
+14.60% | 17 Apr |
|
EWI | Italy | 13.31 |
Overvalued
|
Overvalued
|
Overvalued
|
10.62 | 11.45 | 11.16 |
+1.50 σ
|
+1.23 σ
|
+1.35 σ
|
+9.68% | 17 Apr |
|
EPU | Perù | 13.06 |
Fair
|
Fair
|
Fair
|
12.34 | 12.63 | 12.42 |
+0.32 σ
|
+0.30 σ
|
+0.41 σ
|
+3.38% | 17 Apr |
|
ECH | Chile | 12.98 |
Fair
|
Fair
|
Fair
|
10.41 | 13.22 | 14.70 |
+0.91 σ
|
-0.09 σ
|
-0.96 σ
|
+11.82% | 17 Apr |
|
EPOL | Poland | 12.83 |
Overvalued
|
Overvalued
|
Overvalued
|
10.02 | 11.00 | 11.48 |
+1.41 σ
|
+1.36 σ
|
+1.08 σ
|
+17.46% | 17 Apr |
|
EIS | Israel | 12.76 |
Fair
|
Overvalued
|
Overvalued
|
11.50 | 11.10 | 10.98 |
+0.74 σ
|
+1.58 σ
|
+1.17 σ
|
+5.17% | 17 Apr |
|
NORW | Norway | 12.49 |
Fair
|
Fair
|
Fair
|
11.28 | 12.54 | 11.54 |
+0.47 σ
|
-0.02 σ
|
+0.60 σ
|
+2.36% | 17 Apr |
|
EIRL | Ireland | 12.41 |
Undervalued
|
Undervalued
|
Undervalued
|
16.68 | 15.90 | 16.12 |
-1.47 σ
|
-1.91 σ
|
-1.50 σ
|
-7.14% | 17 Apr |
|
EWP | Spain | 12.17 |
Fair
|
Fair
|
Fair
|
11.61 | 11.91 | 11.55 |
+0.33 σ
|
+0.20 σ
|
+0.42 σ
|
+15.66% | 17 Apr |
|
EWW | Mexico | 11.97 |
Fair
|
Undervalued
|
Undervalued
|
12.67 | 14.12 | 14.22 |
-0.66 σ
|
-1.19 σ
|
-1.27 σ
|
+4.65% | 17 Apr |
|
QAT | Qatar | 11.88 |
Fair
|
-
|
-
|
13.63 | - | - |
-0.82 σ
|
-
|
-
|
-0.93% | 17 Apr |
|
EIDO | Indonesia | 11.64 |
Undervalued
|
Cheap
|
Undervalued
|
13.55 | 14.37 | 13.59 |
-1.24 σ
|
-2.13 σ
|
-1.47 σ
|
-17.50% | 17 Apr |
|
EWO | Austria | 11.17 |
Overvalued
|
Fair
|
Fair
|
8.25 | 9.58 | 9.96 |
+1.59 σ
|
+0.89 σ
|
+0.75 σ
|
+12.57% | 17 Apr |
|
TUR | Turkey | 10.47 |
Expensive
|
Expensive
|
Overvalued
|
5.41 | 6.40 | 7.94 |
+6.54 σ
|
+3.51 σ
|
+1.55 σ
|
-12.14% | 17 Apr |
|
EWZ | Brazil | 10.28 |
Overvalued
|
Fair
|
Fair
|
8.08 | 10.03 | 9.78 |
+1.47 σ
|
+0.13 σ
|
+0.32 σ
|
-5.98% | 17 Apr |
|
EPHE | Philippines | 10.22 |
Undervalued
|
Cheap
|
Cheap
|
13.98 | 15.75 | 15.30 |
-1.54 σ
|
-2.61 σ
|
-2.50 σ
|
-2.83% | 17 Apr |
|
FXI | China | 10.21 |
Fair
|
Fair
|
Fair
|
11.01 | 11.08 | 11.02 |
-0.38 σ
|
-0.61 σ
|
-0.48 σ
|
+5.51% | 17 Apr |
|
EWY | South Korea | 9.60 |
Fair
|
Fair
|
Fair
|
10.54 | 10.02 | 9.78 |
-0.80 σ
|
-0.45 σ
|
-0.20 σ
|
-8.14% | 17 Apr |
|
GREK | Greece | 9.42 |
Fair
|
Fair
|
Fair
|
9.86 | 11.17 | 11.19 |
-0.20 σ
|
-0.84 σ
|
-0.76 σ
|
+12.57% | 17 Apr |
|
GXG | Colombia | 7.88 |
Fair
|
Fair
|
Undervalued
|
7.42 | 9.85 | 12.87 |
+0.24 σ
|
-0.82 σ
|
-1.70 σ
|
+8.17% | 17 Apr |
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).
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).