Global P/E Ratios by Country
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 | 31.89 |
Fair
|
Overvalued
|
Expensive
|
27.67 | 26.67 | 20.68 |
+0.93 σ
|
+1.23 σ
|
+2.09 σ
|
-0.51% | 27 Aug |
|
VTI | United States | 26.22 |
Expensive
|
Expensive
|
Expensive
|
22.05 | 19.32 | 16.42 |
+2.09 σ
|
+2.80 σ
|
+3.78 σ
|
+8.83% | 27 Aug |
|
INDA | India | 24.67 |
Overvalued
|
Overvalued
|
Expensive
|
22.89 | 20.24 | 17.72 |
+1.51 σ
|
+1.84 σ
|
+2.59 σ
|
-0.13% | 27 Aug |
|
EWL | Switzerland | 22.05 |
Overvalued
|
Expensive
|
Expensive
|
19.17 | 17.81 | 15.66 |
+1.46 σ
|
+2.90 σ
|
+3.12 σ
|
+7.01% | 27 Aug |
|
EWD | Sweden | 21.07 |
Expensive
|
Expensive
|
Expensive
|
16.17 | 15.79 | 14.74 |
+2.47 σ
|
+3.88 σ
|
+4.35 σ
|
+8.76% | 27 Aug |
|
EWA | Australia | 20.68 |
Overvalued
|
Expensive
|
Expensive
|
16.95 | 16.14 | 14.68 |
+1.73 σ
|
+3.02 σ
|
+4.15 σ
|
+7.34% | 27 Aug |
|
EWC | Canada | 19.86 |
Expensive
|
Expensive
|
Expensive
|
15.32 | 14.99 | 14.31 |
+2.35 σ
|
+3.98 σ
|
+5.05 σ
|
+12.32% | 27 Aug |
|
VNM | Vietnam | 19.59 |
Overvalued
|
-
|
-
|
15.82 | - | - |
+1.21 σ
|
-
|
-
|
+38.79% | 27 Aug |
|
EWU | United Kingdom | 18.82 |
Expensive
|
Expensive
|
Expensive
|
12.65 | 13.22 | 12.21 |
+2.91 σ
|
+3.67 σ
|
+4.39 σ
|
+10.95% | 27 Aug |
|
EWQ | France | 18.79 |
Overvalued
|
Expensive
|
Expensive
|
16.37 | 15.12 | 13.21 |
+1.36 σ
|
+2.35 σ
|
+2.93 σ
|
+6.07% | 27 Aug |
|
EWG | Germany | 18.35 |
Expensive
|
Expensive
|
Expensive
|
13.89 | 13.36 | 12.36 |
+2.50 σ
|
+4.15 σ
|
+5.02 σ
|
+11.09% | 27 Aug |
|
EWK | Belgium | 16.96 |
Fair
|
Fair
|
Fair
|
16.31 | 16.86 | 14.67 |
+0.23 σ
|
+0.05 σ
|
+0.89 σ
|
+13.65% | 27 Aug |
|
EWH | Hong Kong | 16.73 |
Overvalued
|
Overvalued
|
Overvalued
|
15.34 | 15.05 | 15.16 |
+1.39 σ
|
+1.95 σ
|
+1.68 σ
|
+16.47% | 27 Aug |
|
EWT | Taiwan | 16.54 |
Fair
|
Overvalued
|
Overvalued
|
15.86 | 14.56 | 13.84 |
+0.31 σ
|
+1.14 σ
|
+1.76 σ
|
+12.01% | 27 Aug |
|
EWJ | Japan | 16.10 |
Fair
|
Overvalued
|
Overvalued
|
14.90 | 14.07 | 14.43 |
+0.80 σ
|
+1.64 σ
|
+1.06 σ
|
+10.91% | 27 Aug |
|
EWS | Singapore | 15.95 |
Expensive
|
Expensive
|
Expensive
|
13.46 | 13.02 | 13.34 |
+2.11 σ
|
+2.96 σ
|
+2.95 σ
|
+14.97% | 27 Aug |
|
EWN | Netherlands | 15.39 |
Undervalued
|
Fair
|
Fair
|
18.58 | 16.76 | 14.15 |
-1.11 σ
|
-0.70 σ
|
+0.54 σ
|
+9.08% | 27 Aug |
|
EIS | Israel | 15.31 |
Expensive
|
Expensive
|
Expensive
|
11.67 | 11.17 | 10.97 |
+2.05 σ
|
+3.65 σ
|
+2.87 σ
|
+16.17% | 27 Aug |
|
EDEN | Denmark | 15.02 |
Fair
|
Undervalued
|
Fair
|
18.05 | 18.39 | 16.54 |
-0.77 σ
|
-1.37 σ
|
-0.83 σ
|
+0.18% | 27 Aug |
|
EWM | Malaysia | 14.47 |
Fair
|
Fair
|
Fair
|
14.35 | 15.05 | 14.64 |
+0.15 σ
|
-0.75 σ
|
-0.21 σ
|
+4.33% | 27 Aug |
|
THD | Thailand | 14.28 |
Undervalued
|
Undervalued
|
Fair
|
18.45 | 17.80 | 15.71 |
-1.81 σ
|
-1.79 σ
|
-0.56 σ
|
+2.81% | 27 Aug |
|
EWI | Italy | 13.75 |
Overvalued
|
Overvalued
|
Overvalued
|
10.62 | 11.42 | 11.16 |
+1.76 σ
|
+1.57 σ
|
+1.64 σ
|
+18.57% | 27 Aug |
|
EIRL | Ireland | 13.50 |
Fair
|
Undervalued
|
Undervalued
|
16.05 | 15.70 | 16.12 |
-0.93 σ
|
-1.21 σ
|
-1.06 σ
|
+7.71% | 27 Aug |
|
NORW | Norway | 13.32 |
Overvalued
|
Fair
|
Overvalued
|
10.96 | 12.51 | 11.53 |
+1.06 σ
|
+0.45 σ
|
+1.14 σ
|
+10.74% | 27 Aug |
|
ARGT | Argentina | 12.82 |
Fair
|
Fair
|
Fair
|
12.08 | 12.06 | 10.52 |
+0.47 σ
|
+0.61 σ
|
+0.98 σ
|
-6.32% | 27 Aug |
|
EZA | South Africa | 12.80 |
Overvalued
|
Fair
|
Fair
|
10.37 | 12.18 | 11.82 |
+1.94 σ
|
+0.32 σ
|
+0.61 σ
|
+16.86% | 27 Aug |
|
EPOL | Poland | 12.56 |
Overvalued
|
Overvalued
|
Fair
|
10.11 | 10.98 | 11.48 |
+1.18 σ
|
+1.19 σ
|
+0.86 σ
|
+17.63% | 27 Aug |
|
EWW | Mexico | 12.52 |
Fair
|
Fair
|
Fair
|
12.58 | 13.92 | 14.24 |
-0.06 σ
|
-0.83 σ
|
-0.98 σ
|
+13.12% | 27 Aug |
|
QAT | Qatar | 12.49 |
Fair
|
-
|
-
|
13.48 | - | - |
-0.45 σ
|
-
|
-
|
+9.19% | 27 Aug |
|
EWO | Austria | 12.38 |
Expensive
|
Overvalued
|
Overvalued
|
8.26 | 9.54 | 9.93 |
+2.28 σ
|
+1.65 σ
|
+1.55 σ
|
+20.05% | 27 Aug |
|
ECH | Chile | 12.35 |
Fair
|
Fair
|
Undervalued
|
10.30 | 13.10 | 14.63 |
+0.75 σ
|
-0.27 σ
|
-1.25 σ
|
+11.68% | 27 Aug |
|
TUR | Turkey | 12.27 |
Expensive
|
Expensive
|
Expensive
|
5.51 | 6.40 | 7.94 |
+7.14 σ
|
+5.06 σ
|
+2.68 σ
|
+4.43% | 27 Aug |
|
EPU | Perù | 12.25 |
Fair
|
Fair
|
Fair
|
12.29 | 12.61 | 12.36 |
-0.02 σ
|
-0.24 σ
|
-0.08 σ
|
+18.51% | 27 Aug |
|
EWP | Spain | 12.15 |
Fair
|
Fair
|
Fair
|
11.41 | 11.82 | 11.53 |
+0.51 σ
|
+0.28 σ
|
+0.42 σ
|
+23.19% | 27 Aug |
|
EIDO | Indonesia | 11.59 |
Undervalued
|
Undervalued
|
Undervalued
|
13.32 | 14.26 | 13.61 |
-1.13 σ
|
-1.95 σ
|
-1.57 σ
|
+1.05% | 27 Aug |
|
FXI | China | 11.02 |
Fair
|
Fair
|
Fair
|
10.76 | 11.06 | 11.02 |
+0.13 σ
|
-0.03 σ
|
-0.00 σ
|
+10.94% | 27 Aug |
|
GREK | Greece | 10.76 |
Fair
|
Fair
|
Fair
|
9.67 | 11.18 | 11.10 |
+0.51 σ
|
-0.20 σ
|
-0.15 σ
|
+30.82% | 27 Aug |
|
EWY | South Korea | 10.64 |
Fair
|
Fair
|
Fair
|
10.46 | 10.06 | 9.83 |
+0.16 σ
|
+0.60 σ
|
+0.91 σ
|
+19.93% | 27 Aug |
|
EWZ | Brazil | 10.34 |
Overvalued
|
Fair
|
Fair
|
7.99 | 9.96 | 9.86 |
+1.78 σ
|
+0.21 σ
|
+0.32 σ
|
+10.54% | 27 Aug |
|
EPHE | Philippines | 9.85 |
Undervalued
|
Cheap
|
Cheap
|
13.65 | 15.43 | 15.28 |
-1.49 σ
|
-2.44 σ
|
-2.62 σ
|
+2.57% | 27 Aug |
|
GXG | Colombia | 9.28 |
Fair
|
Fair
|
Undervalued
|
7.42 | 9.63 | 12.70 |
+0.99 σ
|
-0.15 σ
|
-1.15 σ
|
+17.35% | 26 Aug |
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).