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 29.57
Fair
Fair
Overvalued
 27.31 27.06 20.99
+0.54 σ
+0.61 σ
+1.57 σ
 +0.27% 19 Dec
VTI United States 27.93
Expensive
Expensive
Expensive
 22.34 19.68 16.58
+2.47 σ
+3.10 σ
+4.14 σ
 +9.69% 19 Dec
INDA India 24.70
Overvalued
Overvalued
Expensive
 23.05 20.52 17.90
+1.35 σ
+1.70 σ
+2.46 σ
 +1.59% 19 Dec
EWL Switzerland 23.33
Overvalued
Expensive
Expensive
 19.43 18.04 15.76
+1.84 σ
+3.21 σ
+3.57 σ
 +8.64% 19 Dec
EWD Sweden 20.41
Overvalued
Expensive
Expensive
 16.35 15.99 14.82
+1.84 σ
+3.00 σ
+3.67 σ
 +6.13% 19 Dec
EWC Canada 20.14
Expensive
Expensive
Expensive
 15.57 15.15 14.37
+2.04 σ
+3.51 σ
+4.99 σ
 +14.63% 19 Dec
EWA Australia 20.02
Overvalued
Expensive
Expensive
 17.08 16.36 14.77
+1.28 σ
+2.24 σ
+3.37 σ
 +0.27% 19 Dec
EWU United Kingdom 19.52
Expensive
Expensive
Expensive
 12.97 13.30 12.28
+2.59 σ
+3.79 σ
+4.59 σ
 +7.86% 19 Dec
VNM Vietnam 19.36
Overvalued
-
-
 15.83 - -
+1.14 σ
-
-
 +19.06% 19 Dec
EWQ France 19.04
Overvalued
Expensive
Expensive
 16.48 15.29 13.31
+1.37 σ
+2.27 σ
+2.86 σ
 +5.05% 19 Dec
EWK Belgium 18.46
Fair
Fair
Overvalued
 16.19 16.86 14.78
+0.83 σ
+0.83 σ
+1.42 σ
 +8.70% 19 Dec
EWT Taiwan 18.36
Overvalued
Expensive
Expensive
 15.93 14.80 13.95
+1.09 σ
+2.06 σ
+2.76 σ
 +6.72% 19 Dec
EWG Germany 18.26
Expensive
Expensive
Expensive
 14.04 13.51 12.42
+2.11 σ
+3.47 σ
+4.59 σ
 +3.23% 19 Dec
EWH Hong Kong 18.01
Expensive
Expensive
Expensive
 15.42 15.16 15.20
+2.39 σ
+3.18 σ
+2.89 σ
 +7.44% 19 Dec
EIS Israel 17.28
Expensive
Expensive
Expensive
 11.83 11.27 10.98
+2.90 σ
+4.96 σ
+4.13 σ
 +22.44% 19 Dec
EWN Netherlands 16.89
Fair
Fair
Overvalued
 18.27 16.84 14.26
-0.48 σ
+0.03 σ
+1.13 σ
 +5.59% 19 Dec
ARGT Argentina 16.49
Expensive
Expensive
Expensive
 12.38 12.30 10.59
+2.41 σ
+3.40 σ
+2.44 σ
 +10.11% 19 Dec
EWJ Japan 16.21
Fair
Overvalued
Overvalued
 14.86 14.19 14.44
+0.93 σ
+1.50 σ
+1.11 σ
 +5.69% 19 Dec
EWS Singapore 16.13
Overvalued
Expensive
Expensive
 13.59 13.16 13.36
+1.93 σ
+2.94 σ
+3.01 σ
 +1.52% 19 Dec
EWM Malaysia 15.13
Overvalued
Fair
Fair
 14.29 15.06 14.67
+1.16 σ
+0.09 σ
+0.57 σ
 +9.90% 19 Dec
EDEN Denmark 15.01
Fair
Undervalued
Fair
 17.16 18.24 16.54
-0.62 σ
-1.24 σ
-0.82 σ
 +2.33% 19 Dec
EZA South Africa 14.90
Expensive
Overvalued
Overvalued
 10.49 12.09 11.86
+2.94 σ
+1.47 σ
+1.87 σ
 +19.27% 19 Dec
EIRL Ireland 14.57
Fair
Fair
Fair
 15.50 15.63 16.15
-0.39 σ
-0.57 σ
-0.65 σ
 +12.47% 19 Dec
ECH Chile 14.55
Overvalued
Fair
Fair
 10.14 13.10 14.58
+1.79 σ
+0.52 σ
-0.02 σ
 +21.30% 19 Dec
THD Thailand 14.51
Undervalued
Undervalued
Fair
 17.87 17.59 15.78
-1.43 σ
-1.56 σ
-0.51 σ
 +6.51% 19 Dec
EWO Austria 14.26
Expensive
Expensive
Expensive
 8.35 9.59 9.94
+3.03 σ
+2.62 σ
+2.70 σ
 +17.91% 19 Dec
EPU Perù 14.01
Fair
Fair
Overvalued
 12.10 12.69 12.32
+0.98 σ
+0.93 σ
+1.17 σ
 +35.62% 19 Dec
NORW Norway 13.84
Overvalued
Fair
Overvalued
 10.80 12.58 11.55
+1.56 σ
+0.70 σ
+1.45 σ
 +4.53% 19 Dec
EWP Spain 13.63
Overvalued
Overvalued
Overvalued
 11.30 11.81 11.54
+1.86 σ
+1.54 σ
+1.41 σ
 +17.49% 19 Dec
EWI Italy 13.45
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.60 σ
+1.38 σ
+1.45 σ
 +11.59% 19 Dec
EWW Mexico 13.28
Fair
Fair
Fair
 12.54 13.75 14.26
+0.80 σ
-0.31 σ
-0.57 σ
 +12.18% 19 Dec
EIDO Indonesia 12.91
Fair
Fair
Fair
 13.06 14.23 13.64
-0.11 σ
-0.94 σ
-0.58 σ
 +5.53% 19 Dec
EWY South Korea 12.87
Expensive
Expensive
Expensive
 10.45 10.14 9.88
+2.11 σ
+2.71 σ
+3.28 σ
 +24.96% 19 Dec
TUR Turkey 12.60
Expensive
Expensive
Expensive
 5.79 6.41 7.94
+4.74 σ
+5.32 σ
+2.88 σ
 +5.55% 19 Dec
EPOL Poland 12.31
Overvalued
Fair
Fair
 10.16 11.00 11.46
+1.03 σ
+0.98 σ
+0.70 σ
 +10.85% 19 Dec
QAT Qatar 11.68
Fair
-
-
 13.29 - -
-0.74 σ
-
-
 -0.85% 19 Dec
GREK Greece 11.19
Fair
Fair
Fair
 9.56 11.28 11.03
+0.79 σ
-0.05 σ
+0.07 σ
 +14.34% 19 Dec
FXI China 10.75
Fair
Fair
Fair
 10.45 11.14 11.03
+0.20 σ
-0.28 σ
-0.16 σ
 +2.37% 19 Dec
EWZ Brazil 10.17
Overvalued
Fair
Fair
 7.97 9.96 9.93
+1.75 σ
+0.11 σ
+0.17 σ
 +8.47% 19 Dec
EPHE Philippines 9.28
Undervalued
Cheap
Cheap
 13.12 15.12 15.24
-1.46 σ
-2.37 σ
-2.80 σ
 -4.38% 19 Dec
GXG Colombia 9.25
Overvalued
Fair
Undervalued
 7.29 9.51 12.53
+1.19 σ
-0.12 σ
-1.13 σ
 +19.09% 19 Dec
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).