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 | |||
|
India | INDA | 26.88 |
Expensive
|
Expensive
|
Expensive
|
22.13 | 19.56 | 17.22 |
+3.33 σ
|
+3.31 σ
|
+3.82 σ
|
03 Oct | |
|
United States | VTI | 25.81 |
Expensive
|
Expensive
|
Expensive
|
20.85 | 18.61 | 16.09 |
+2.72 σ
|
+3.50 σ
|
+4.39 σ
|
03 Oct | |
|
New Zealand | ENZL | 25.43 |
Fair
|
Fair
|
Overvalued
|
27.31 | 25.66 | 19.89 |
-0.43 σ
|
-0.05 σ
|
+1.10 σ
|
03 Oct | |
|
Australia | EWA | 22.55 |
Expensive
|
Expensive
|
Expensive
|
16.43 | 15.71 | 14.50 |
+3.33 σ
|
+6.04 σ
|
+6.26 σ
|
03 Oct | |
|
Taiwan | EWT | 22.05 |
Expensive
|
Expensive
|
Expensive
|
15.49 | 14.11 | 13.57 |
+3.26 σ
|
+5.16 σ
|
+6.18 σ
|
03 Oct | |
|
Denmark | EDEN | 19.23 |
Fair
|
Fair
|
Overvalued
|
19.52 | 18.61 | 16.47 |
-0.07 σ
|
+0.26 σ
|
+1.48 σ
|
03 Oct | |
|
Switzerland | EWL | 18.72 |
Fair
|
Overvalued
|
Overvalued
|
18.33 | 17.42 | 15.40 |
+0.29 σ
|
+1.22 σ
|
+1.75 σ
|
03 Oct | |
|
Belgium | EWK | 18.69 |
Fair
|
Fair
|
Overvalued
|
16.06 | 16.92 | 14.42 |
+0.90 σ
|
+0.92 σ
|
+1.67 σ
|
03 Oct | |
|
France | EWQ | 18.62 |
Overvalued
|
Expensive
|
Expensive
|
15.75 | 14.81 | 12.99 |
+1.60 σ
|
+2.82 σ
|
+3.36 σ
|
03 Oct | |
|
Canada | EWC | 18.60 |
Expensive
|
Expensive
|
Expensive
|
14.63 | 14.80 | 14.19 |
+2.86 σ
|
+3.56 σ
|
+4.45 σ
|
03 Oct | |
|
Perù | EPU | 18.34 |
Expensive
|
Expensive
|
Expensive
|
12.07 | 12.58 | 12.48 |
+3.00 σ
|
+4.08 σ
|
+3.57 σ
|
03 Oct | |
|
Thailand | THD | 18.18 |
Fair
|
Fair
|
Fair
|
19.02 | 18.00 | 15.45 |
-0.42 σ
|
+0.10 σ
|
+0.97 σ
|
03 Oct | |
|
Netherlands | EWN | 17.79 |
Fair
|
Fair
|
Overvalued
|
19.06 | 16.80 | 13.98 |
-0.48 σ
|
+0.50 σ
|
+1.64 σ
|
03 Oct | |
|
Japan | EWJ | 17.56 |
Overvalued
|
Expensive
|
Overvalued
|
14.80 | 14.03 | 14.49 |
+1.74 σ
|
+2.93 σ
|
+1.92 σ
|
03 Oct | |
|
Hong Kong | EWH | 17.12 |
Overvalued
|
Expensive
|
Expensive
|
15.20 | 15.05 | 15.19 |
+1.78 σ
|
+2.36 σ
|
+2.05 σ
|
03 Oct | |
|
Malaysia | EWM | 16.70 |
Expensive
|
Expensive
|
Expensive
|
14.50 | 15.09 | 14.57 |
+2.38 σ
|
+2.17 σ
|
+2.45 σ
|
03 Oct | |
|
United Kingdom | EWU | 16.59 |
Expensive
|
Expensive
|
Expensive
|
12.03 | 13.09 | 12.15 |
+3.10 σ
|
+2.52 σ
|
+3.09 σ
|
03 Oct | |
|
Germany | EWG | 15.59 |
Overvalued
|
Expensive
|
Expensive
|
13.45 | 13.12 | 12.25 |
+1.36 σ
|
+2.54 σ
|
+3.12 σ
|
03 Oct | |
|
Vietnam | VNM | 15.48 |
Fair
|
-
|
-
|
16.40 | - | - |
-0.30 σ
|
-
|
-
|
03 Oct | |
|
Ireland | EIRL | 15.45 |
Fair
|
Fair
|
Fair
|
16.92 | 16.14 | 16.12 |
-0.53 σ
|
-0.38 σ
|
-0.27 σ
|
03 Oct | |
|
Sweden | EWD | 15.17 |
Fair
|
Fair
|
Fair
|
16.03 | 15.72 | 14.63 |
-0.48 σ
|
-0.48 σ
|
+0.40 σ
|
03 Oct | |
|
South Africa | EZA | 14.16 |
Expensive
|
Fair
|
Overvalued
|
10.05 | 12.36 | 11.65 |
+4.57 σ
|
+0.86 σ
|
+1.58 σ
|
03 Oct | |
|
South Korea | EWY | 12.87 |
Overvalued
|
Expensive
|
Expensive
|
10.67 | 10.00 | 9.73 |
+1.88 σ
|
+3.07 σ
|
+3.39 σ
|
03 Oct | |
|
Singapore | EWS | 12.86 |
Fair
|
Fair
|
Fair
|
13.22 | 12.95 | 13.31 |
-0.30 σ
|
-0.10 σ
|
-0.52 σ
|
03 Oct | |
|
Mexico | EWW | 12.43 |
Fair
|
Undervalued
|
Undervalued
|
12.92 | 14.50 | 14.27 |
-0.52 σ
|
-1.12 σ
|
-1.06 σ
|
03 Oct | |
|
Israel | EIS | 12.41 |
Fair
|
Overvalued
|
Fair
|
11.12 | 10.94 | 10.99 |
+0.80 σ
|
+1.62 σ
|
+0.92 σ
|
03 Oct | |
|
Argentina | ARGT | 12.39 |
Fair
|
Fair
|
Fair
|
11.85 | 11.53 | 10.32 |
+0.47 σ
|
+0.59 σ
|
+0.94 σ
|
03 Oct | |
|
China | FXI | 12.33 |
Fair
|
Fair
|
Fair
|
11.22 | 11.06 | 11.06 |
+0.54 σ
|
+0.87 σ
|
+0.76 σ
|
03 Oct | |
|
Indonesia | EIDO | 12.29 |
Undervalued
|
Cheap
|
Fair
|
13.84 | 14.54 | 13.55 |
-1.05 σ
|
-2.00 σ
|
-0.91 σ
|
03 Oct | |
|
Norway | NORW | 11.74 |
Fair
|
Fair
|
Fair
|
11.54 | 12.55 | 11.57 |
+0.07 σ
|
-0.46 σ
|
+0.11 σ
|
03 Oct | |
|
Chile | ECH | 11.56 |
Fair
|
Fair
|
Undervalued
|
10.68 | 13.45 | 14.85 |
+0.29 σ
|
-0.70 σ
|
-1.98 σ
|
03 Oct | |
|
Italy | EWI | 11.26 |
Fair
|
Fair
|
Fair
|
10.62 | 11.58 | 11.24 |
+0.36 σ
|
-0.20 σ
|
+0.01 σ
|
03 Oct | |
|
Philippines | EPHE | 11.23 |
Undervalued
|
Cheap
|
Cheap
|
14.48 | 16.22 | 15.32 |
-1.50 σ
|
-2.72 σ
|
-2.05 σ
|
03 Oct | |
|
Qatar | QAT | 10.82 |
Undervalued
|
-
|
-
|
13.95 | - | - |
-1.63 σ
|
-
|
-
|
03 Oct | |
|
Poland | EPOL | 10.22 |
Fair
|
Fair
|
Undervalued
|
9.95 | 11.14 | 11.52 |
+0.14 σ
|
-0.67 σ
|
-1.06 σ
|
03 Oct | |
|
Spain | EWP | 9.78 |
Undervalued
|
Undervalued
|
Undervalued
|
11.64 | 12.14 | 11.63 |
-1.11 σ
|
-1.72 σ
|
-1.23 σ
|
03 Oct | |
|
Brazil | EWZ | 8.44 |
Fair
|
Fair
|
Fair
|
8.49 | 10.14 | 9.73 |
-0.03 σ
|
-0.91 σ
|
-0.79 σ
|
03 Oct | |
|
Austria | EWO | 7.99 |
Fair
|
Fair
|
Undervalued
|
8.27 | 9.72 | 10.08 |
-0.15 σ
|
-0.96 σ
|
-1.26 σ
|
03 Oct | |
|
Turkey | TUR | 7.28 |
Expensive
|
Fair
|
Fair
|
5.54 | 6.61 | 8.10 |
+2.43 σ
|
+0.57 σ
|
-0.51 σ
|
03 Oct | |
|
Greece | GREK | 6.94 |
Undervalued
|
Cheap
|
Undervalued
|
10.39 | 11.38 | 11.38 |
-1.52 σ
|
-2.31 σ
|
-1.93 σ
|
03 Oct | |
|
Colombia | GXG | 5.96 |
Fair
|
Undervalued
|
Cheap
|
7.80 | 10.28 | 13.20 |
-0.86 σ
|
-1.77 σ
|
-2.54 σ
|
03 Oct |
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).