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
WORLD COUNTRIES P/E RATIO
Individual stock markets
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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 30.34
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.80 σ
+0.75 σ
+1.65 σ
 -1.36% 11 Mar
VTI United States 26.42
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.57 σ
+2.30 σ
+3.40 σ
 +2.82% 11 Mar
EWT Taiwan 23.88
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.39 σ
+4.97 σ
+5.87 σ
 +13.71% 11 Mar
EWL Switzerland 23.86
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.79 σ
+3.16 σ
+3.66 σ
 +4.81% 11 Mar
EWA Australia 23.11
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.44 σ
+3.76 σ
+5.00 σ
 +7.85% 11 Mar
EWY South Korea 21.26
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.41 σ
+10.17 σ
+11.94 σ
 +46.59% 11 Mar
EWH Hong Kong 20.69
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.53 σ
+5.82 σ
+5.44 σ
 +8.33% 11 Mar
EWC Canada 20.47
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.87 σ
+3.32 σ
+5.01 σ
 +11.44% 11 Mar
EWQ France 20.20
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.87 σ
+2.78 σ
+3.29 σ
 +0.10% 11 Mar
EWU United Kingdom 19.89
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.33 σ
+3.68 σ
+4.65 σ
 +8.50% 11 Mar
EWJ Japan 19.65
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.37 σ
+3.78 σ
+3.31 σ
 +6.10% 11 Mar
EWK Belgium 19.63
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.29 σ
+1.39 σ
+1.82 σ
 +3.85% 11 Mar
EWN Netherlands 19.25
Fair
Overvalued
Expensive
 17.92 16.96 14.35
+0.54 σ
+1.18 σ
+2.06 σ
 +5.34% 11 Mar
EWD Sweden 18.68
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.96 σ
+1.62 σ
+2.41 σ
 +6.87% 11 Mar
EWG Germany 18.52
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.95 σ
+3.20 σ
+4.54 σ
 -2.93% 11 Mar
EPU Perù 17.88
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.98 σ
+3.50 σ
+3.87 σ
 +32.63% 11 Mar
EZA South Africa 17.57
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+4.03 σ
+2.78 σ
+3.39 σ
 +11.50% 11 Mar
EIS Israel 17.32
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.78 σ
+4.62 σ
+4.15 σ
 +17.73% 11 Mar
ARGT Argentina 17.28
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.37 σ
+3.63 σ
+2.64 σ
 +4.73% 11 Mar
EWS Singapore 16.69
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.08 σ
+3.29 σ
+3.48 σ
 +0.20% 11 Mar
EWP Spain 15.96
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.75 σ
+3.26 σ
+2.91 σ
 +8.52% 11 Mar
VNM Vietnam 15.89
Fair
Fair
-
 15.52 16.63 -
+0.15 σ
-0.24 σ
-
 +0.60% 11 Mar
EWM Malaysia 15.79
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.83 σ
+0.92 σ
+1.36 σ
 +9.94% 11 Mar
EDEN Denmark 15.78
Fair
Fair
Fair
 16.62 18.14 16.55
-0.28 σ
-0.89 σ
-0.42 σ
 -8.07% 11 Mar
EWO Austria 15.58
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.71 σ
+3.25 σ
+3.50 σ
 +9.53% 11 Mar
ECH Chile 15.41
Expensive
Fair
Fair
 10.14 13.17 14.57
+2.14 σ
+0.81 σ
+0.46 σ
 +12.77% 11 Mar
NORW Norway 15.29
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.33 σ
+1.44 σ
+2.30 σ
 +17.78% 11 Mar
EIRL Ireland 15.28
Fair
Fair
Fair
 15.09 15.59 16.16
+0.10 σ
-0.17 σ
-0.37 σ
 +2.52% 11 Mar
EWW Mexico 15.27
Expensive
Overvalued
Fair
 12.52 13.67 14.27
+3.04 σ
+1.08 σ
+0.58 σ
 +11.32% 11 Mar
THD Thailand 15.25
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.02 σ
-1.12 σ
-0.24 σ
 +12.60% 11 Mar
TUR Turkey 14.35
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.28 σ
+6.52 σ
+3.96 σ
 +12.60% 11 Mar
EWI Italy 13.88
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.84 σ
+1.64 σ
+1.71 σ
 +3.30% 11 Mar
EWZ Brazil 13.87
Expensive
Expensive
Expensive
 7.97 10.03 9.99
+4.66 σ
+2.03 σ
+2.67 σ
 +19.96% 11 Mar
EPOL Poland 13.64
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.67 σ
+1.89 σ
+1.78 σ
 +5.89% 11 Mar
INDA India 12.91
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.25 σ
-3.20 σ
-1.80 σ
 -7.91% 11 Mar
EIDO Indonesia 12.48
Fair
Undervalued
Fair
 12.89 14.17 13.66
-0.32 σ
-1.18 σ
-0.98 σ
 -10.57% 11 Mar
GREK Greece 12.39
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.50 σ
+0.53 σ
+0.64 σ
 +2.87% 11 Mar
QAT Qatar 12.22
Fair
Fair
-
 13.01 13.38 -
-0.39 σ
-0.89 σ
-
 -2.64% 11 Mar
COLO Colombia 11.84
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+3.04 σ
+1.07 σ
-0.20 σ
 +12.31% 11 Mar
FXI China 10.49
Fair
Fair
Fair
 10.21 11.17 11.02
+0.24 σ
-0.51 σ
-0.32 σ
 -5.96% 11 Mar
EPHE Philippines 9.67
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.19 σ
-2.01 σ
-2.53 σ
 -2.32% 11 Mar
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).