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 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Country | Trend | P/E▾ | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | |||
|
New Zealand | ENZL | 33.97 |
Overvalued
|
Overvalued
|
Expensive
|
27.51 | 26.04 | 20.18 |
+1.42 σ
|
+1.88 σ
|
+2.68 σ
|
07 Feb | |
|
United States | VTI | 26.00 |
Expensive
|
Expensive
|
Expensive
|
21.42 | 18.89 | 16.21 |
+2.51 σ
|
+3.26 σ
|
+4.13 σ
|
07 Feb | |
|
India | INDA | 23.88 |
Overvalued
|
Overvalued
|
Expensive
|
22.53 | 19.86 | 17.42 |
+1.05 σ
|
+1.75 σ
|
+2.50 σ
|
07 Feb | |
|
Switzerland | EWL | 22.59 |
Expensive
|
Expensive
|
Expensive
|
18.63 | 17.57 | 15.50 |
+2.51 σ
|
+4.38 σ
|
+3.62 σ
|
07 Feb | |
|
Australia | EWA | 20.85 |
Expensive
|
Expensive
|
Expensive
|
16.66 | 15.94 | 14.56 |
+2.04 σ
|
+3.87 σ
|
+4.68 σ
|
07 Feb | |
|
Canada | EWC | 19.05 |
Expensive
|
Expensive
|
Expensive
|
14.90 | 14.93 | 14.24 |
+2.62 σ
|
+3.60 σ
|
+4.68 σ
|
07 Feb | |
|
France | EWQ | 19.00 |
Overvalued
|
Expensive
|
Expensive
|
16.00 | 14.97 | 13.06 |
+1.68 σ
|
+2.89 σ
|
+3.37 σ
|
07 Feb | |
|
Taiwan | EWT | 18.35 |
Overvalued
|
Expensive
|
Expensive
|
15.68 | 14.30 | 13.70 |
+1.24 σ
|
+2.39 σ
|
+3.18 σ
|
07 Feb | |
|
Germany | EWG | 17.69 |
Expensive
|
Expensive
|
Expensive
|
13.61 | 13.26 | 12.28 |
+2.44 σ
|
+4.22 σ
|
+4.86 σ
|
07 Feb | |
|
United Kingdom | EWU | 17.26 |
Expensive
|
Expensive
|
Expensive
|
12.28 | 13.18 | 12.15 |
+2.83 σ
|
+2.78 σ
|
+3.55 σ
|
07 Feb | |
|
Denmark | EDEN | 16.82 |
Fair
|
Fair
|
Fair
|
19.19 | 18.64 | 16.52 |
-0.55 σ
|
-0.77 σ
|
+0.16 σ
|
07 Feb | |
|
Argentina | ARGT | 16.51 |
Expensive
|
Expensive
|
Expensive
|
11.98 | 11.77 | 10.43 |
+3.27 σ
|
+3.47 σ
|
+2.66 σ
|
07 Feb | |
|
Japan | EWJ | 15.87 |
Fair
|
Overvalued
|
Fair
|
14.83 | 14.07 | 14.45 |
+0.63 σ
|
+1.45 σ
|
+0.89 σ
|
07 Feb | |
|
Sweden | EWD | 15.77 |
Fair
|
Fair
|
Fair
|
15.91 | 15.67 | 14.63 |
-0.08 σ
|
+0.08 σ
|
+0.83 σ
|
07 Feb | |
|
Malaysia | EWM | 15.60 |
Overvalued
|
Fair
|
Overvalued
|
14.47 | 15.10 | 14.61 |
+1.26 σ
|
+0.68 σ
|
+1.17 σ
|
07 Feb | |
|
Thailand | THD | 15.20 |
Undervalued
|
Undervalued
|
Fair
|
18.89 | 17.98 | 15.58 |
-1.77 σ
|
-1.50 σ
|
-0.14 σ
|
07 Feb | |
|
Belgium | EWK | 15.16 |
Fair
|
Fair
|
Fair
|
16.05 | 16.89 | 14.50 |
-0.30 σ
|
-0.89 σ
|
+0.26 σ
|
07 Feb | |
|
Netherlands | EWN | 14.92 |
Undervalued
|
Fair
|
Fair
|
18.86 | 16.80 | 14.02 |
-1.39 σ
|
-0.96 σ
|
+0.39 σ
|
07 Feb | |
|
Hong Kong | EWH | 14.86 |
Fair
|
Fair
|
Fair
|
15.24 | 15.07 | 15.17 |
-0.37 σ
|
-0.24 σ
|
-0.33 σ
|
07 Feb | |
|
Vietnam | VNM | 14.65 |
Fair
|
-
|
-
|
16.13 | - | - |
-0.48 σ
|
-
|
-
|
07 Feb | |
|
Singapore | EWS | 14.57 |
Overvalued
|
Overvalued
|
Overvalued
|
13.27 | 12.95 | 13.31 |
+1.09 σ
|
+1.75 σ
|
+1.47 σ
|
07 Feb | |
|
Ireland | EIRL | 14.40 |
Fair
|
Fair
|
Fair
|
16.72 | 16.00 | 16.12 |
-0.81 σ
|
-0.87 σ
|
-0.70 σ
|
07 Feb | |
|
Perù | EPU | 14.21 |
Fair
|
Overvalued
|
Overvalued
|
12.24 | 12.63 | 12.45 |
+0.87 σ
|
+1.09 σ
|
+1.10 σ
|
07 Feb | |
|
Israel | EIS | 14.00 |
Overvalued
|
Expensive
|
Overvalued
|
11.35 | 11.05 | 10.98 |
+1.54 σ
|
+2.92 σ
|
+1.97 σ
|
07 Feb | |
|
South Africa | EZA | 13.59 |
Expensive
|
Fair
|
Overvalued
|
10.06 | 12.29 | 11.71 |
+3.84 σ
|
+0.64 σ
|
+1.18 σ
|
07 Feb | |
|
Poland | EPOL | 12.04 |
Overvalued
|
Fair
|
Fair
|
9.90 | 11.02 | 11.48 |
+1.08 σ
|
+0.75 σ
|
+0.45 σ
|
07 Feb | |
|
Spain | EWP | 11.76 |
Fair
|
Fair
|
Fair
|
11.52 | 11.98 | 11.57 |
+0.13 σ
|
-0.17 σ
|
+0.12 σ
|
07 Feb | |
|
Mexico | EWW | 11.35 |
Undervalued
|
Undervalued
|
Undervalued
|
12.71 | 14.25 | 14.24 |
-1.32 σ
|
-1.59 σ
|
-1.65 σ
|
07 Feb | |
|
Chile | ECH | 11.34 |
Fair
|
Fair
|
Undervalued
|
10.41 | 13.29 | 14.75 |
+0.32 σ
|
-0.71 σ
|
-1.94 σ
|
07 Feb | |
|
Indonesia | EIDO | 11.15 |
Undervalued
|
Cheap
|
Undervalued
|
13.60 | 14.45 | 13.59 |
-1.63 σ
|
-2.71 σ
|
-1.85 σ
|
07 Feb | |
|
Qatar | QAT | 11.00 |
Undervalued
|
-
|
-
|
13.72 | - | - |
-1.30 σ
|
-
|
-
|
07 Feb | |
|
Italy | EWI | 10.95 |
Fair
|
Fair
|
Fair
|
10.54 | 11.49 | 11.18 |
+0.23 σ
|
-0.35 σ
|
-0.14 σ
|
07 Feb | |
|
Norway | NORW | 10.47 |
Fair
|
Undervalued
|
Fair
|
11.32 | 12.55 | 11.55 |
-0.33 σ
|
-1.16 σ
|
-0.69 σ
|
07 Feb | |
|
China | FXI | 10.46 |
Fair
|
Fair
|
Fair
|
11.06 | 11.08 | 11.03 |
-0.29 σ
|
-0.43 σ
|
-0.34 σ
|
07 Feb | |
|
Philippines | EPHE | 10.06 |
Undervalued
|
Cheap
|
Cheap
|
14.06 | 15.91 | 15.32 |
-1.68 σ
|
-2.88 σ
|
-2.63 σ
|
07 Feb | |
|
Austria | EWO | 9.39 |
Fair
|
Fair
|
Fair
|
8.16 | 9.63 | 9.99 |
+0.67 σ
|
-0.14 σ
|
-0.37 σ
|
07 Feb | |
|
South Korea | EWY | 9.31 |
Undervalued
|
Fair
|
Fair
|
10.54 | 10.02 | 9.76 |
-1.03 σ
|
-0.76 σ
|
-0.50 σ
|
07 Feb | |
|
Brazil | EWZ | 8.29 |
Fair
|
Fair
|
Fair
|
8.15 | 10.06 | 9.76 |
+0.09 σ
|
-0.93 σ
|
-0.92 σ
|
07 Feb | |
|
Greece | GREK | 7.90 |
Fair
|
Undervalued
|
Undervalued
|
9.92 | 11.20 | 11.25 |
-0.87 σ
|
-1.60 σ
|
-1.43 σ
|
07 Feb | |
|
Colombia | GXG | 7.04 |
Fair
|
Undervalued
|
Cheap
|
7.41 | 10.00 | 12.97 |
-0.19 σ
|
-1.20 σ
|
-2.03 σ
|
07 Feb | |
|
Turkey | TUR | 4.69 |
Fair
|
Undervalued
|
Cheap
|
5.40 | 6.44 | 7.98 |
-0.94 σ
|
-1.50 σ
|
-2.01 σ
|
07 Feb |
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".
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).