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 29.82
Fair
Fair
Overvalued
 27.49 26.88 20.84
+0.53 σ
+0.71 σ
+1.65 σ
 +5.20% 11:40 AM
VTI United States 26.84
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.20 σ
+2.87 σ
+3.88 σ
 +10.91% 01:00 PM
INDA India 24.18
Overvalued
Overvalued
Expensive
 22.92 20.37 17.81
+1.05 σ
+1.57 σ
+2.34 σ
 +0.72% 12:59 PM
EWL Switzerland 21.86
Overvalued
Expensive
Expensive
 19.28 17.93 15.71
+1.25 σ
+2.52 σ
+2.96 σ
 +7.51% 12:50 PM
VNM Vietnam 21.34
Overvalued
-
-
 15.88 - -
+1.72 σ
-
-
 +31.67% 01:00 PM
EWD Sweden 21.28
Expensive
Expensive
Expensive
 16.23 15.89 14.78
+2.44 σ
+3.80 σ
+4.37 σ
 +9.15% 12:50 PM
EWA Australia 20.77
Overvalued
Expensive
Expensive
 16.99 16.25 14.72
+1.71 σ
+2.89 σ
+4.04 σ
 +7.22% 12:59 PM
EWC Canada 19.71
Expensive
Expensive
Expensive
 15.41 15.06 14.33
+2.08 σ
+3.52 σ
+4.77 σ
 +15.37% 12:59 PM
EWU United Kingdom 18.90
Expensive
Expensive
Expensive
 12.80 13.26 12.24
+2.61 σ
+3.57 σ
+4.32 σ
 +10.51% 12:59 PM
EWT Taiwan 18.62
Overvalued
Expensive
Expensive
 15.84 14.67 13.89
+1.30 σ
+2.33 σ
+3.06 σ
 +19.17% 01:00 PM
EWN Netherlands 18.62
Fair
Fair
Overvalued
 18.38 16.76 14.19
+0.08 σ
+0.94 σ
+1.93 σ
 +16.40% 11:39 AM
EWQ France 18.40
Overvalued
Overvalued
Expensive
 16.41 15.20 13.26
+1.10 σ
+1.99 σ
+2.63 σ
 +6.97% 12:57 PM
EWG Germany 18.30
Expensive
Expensive
Expensive
 13.93 13.43 12.39
+2.36 σ
+3.84 σ
+4.82 σ
 +8.12% 12:59 PM
EWH Hong Kong 17.91
Expensive
Expensive
Expensive
 15.38 15.11 15.18
+2.42 σ
+3.20 σ
+2.88 σ
 +14.13% 12:57 PM
EWK Belgium 17.54
Fair
Fair
Overvalued
 16.27 16.87 14.72
+0.45 σ
+0.35 σ
+1.10 σ
 +12.76% 11:49 AM
EWJ Japan 17.30
Overvalued
Expensive
Overvalued
 14.85 14.12 14.44
+1.71 σ
+2.48 σ
+1.80 σ
 +13.35% 01:00 PM
EWS Singapore 16.18
Expensive
Expensive
Expensive
 13.51 13.08 13.35
+2.14 σ
+3.10 σ
+3.14 σ
 +17.60% 01:00 PM
EWM Malaysia 14.71
Fair
Fair
Fair
 14.30 15.06 14.66
+0.55 σ
-0.47 σ
+0.07 σ
 +7.58% 12:57 PM
EIS Israel 14.57
Overvalued
Expensive
Expensive
 11.76 11.21 10.97
+1.54 σ
+2.89 σ
+2.38 σ
 +17.02% 12:47 PM
THD Thailand 14.50
Undervalued
Undervalued
Fair
 18.17 17.72 15.74
-1.53 σ
-1.62 σ
-0.49 σ
 +7.99% 12:34 PM
EDEN Denmark 13.91
Undervalued
Undervalued
Undervalued
 17.61 18.32 16.54
-1.00 σ
-1.74 σ
-1.43 σ
 +3.27% 09:41 AM
EWW Mexico 13.69
Overvalued
Fair
Fair
 12.54 13.83 14.25
+1.26 σ
-0.09 σ
-0.32 σ
 +14.99% 12:59 PM
TUR Turkey 13.62
Expensive
Expensive
Expensive
 5.62 6.40 7.94
+6.94 σ
+6.20 σ
+3.51 σ
 -0.16% 12:59 PM
EIRL Ireland 13.51
Fair
Undervalued
Undervalued
 15.78 15.66 16.13
-0.86 σ
-1.16 σ
-1.07 σ
 +7.25% 09:52 AM
EPU Perù 13.27
Fair
Fair
Fair
 12.12 12.64 12.33
+0.58 σ
+0.44 σ
+0.63 σ
 +32.61% 12:39 PM
EWO Austria 13.26
Expensive
Expensive
Expensive
 8.29 9.56 9.93
+2.68 σ
+2.10 σ
+2.10 σ
 +15.50% 12:04 PM
EWP Spain 13.20
Overvalued
Overvalued
Overvalued
 11.34 11.81 11.53
+1.39 σ
+1.18 σ
+1.13 σ
 +19.79% 12:59 PM
NORW Norway 13.19
Overvalued
Fair
Overvalued
 10.88 12.56 11.53
+1.11 σ
+0.35 σ
+1.06 σ
 +9.83% 12:35 PM
EWI Italy 13.08
Overvalued
Overvalued
Overvalued
 10.62 11.42 11.16
+1.39 σ
+1.12 σ
+1.22 σ
 +15.70% 12:55 PM
ECH Chile 12.81
Overvalued
Fair
Fair
 10.17 13.09 14.59
+1.04 σ
-0.10 σ
-0.98 σ
 +6.80% 01:00 PM
EIDO Indonesia 12.52
Fair
Undervalued
Fair
 13.17 14.24 13.62
-0.44 σ
-1.23 σ
-0.86 σ
 -1.13% 12:57 PM
QAT Qatar 12.31
Fair
-
-
 13.43 - -
-0.51 σ
-
-
 +3.34% 12:55 PM
EWY South Korea 11.86
Overvalued
Overvalued
Expensive
 10.40 10.09 9.85
+1.39 σ
+1.84 σ
+2.26 σ
 +31.64% 01:00 PM
ARGT Argentina 11.78
Fair
Fair
Fair
 12.10 12.16 10.55
-0.20 σ
-0.33 σ
+0.52 σ
 -17.84% 12:59 PM
EPOL Poland 11.58
Fair
Fair
Fair
 10.13 10.98 11.47
+0.69 σ
+0.45 σ
+0.09 σ
 +13.07% 12:58 PM
FXI China 11.21
Fair
Fair
Fair
 10.61 11.10 11.02
+0.34 σ
+0.07 σ
+0.11 σ
 +14.35% 01:00 PM
GREK Greece 10.93
Fair
Fair
Fair
 9.60 11.23 11.06
+0.64 σ
-0.15 σ
-0.06 σ
 +23.74% 12:49 PM
EWZ Brazil 10.16
Overvalued
Fair
Fair
 7.97 9.96 9.89
+1.74 σ
+0.11 σ
+0.18 σ
 +10.90% 01:00 PM
GXG Colombia 9.82
Overvalued
Fair
Fair
 7.35 9.55 12.61
+1.38 σ
+0.12 σ
-0.95 σ
 +16.95% 06 Oct
EPHE Philippines 8.91
Undervalued
Cheap
Cheap
 13.42 15.28 15.26
-1.72 σ
-2.69 σ
-3.03 σ
 -1.87% 12:52 PM
EZA South Africa 3.91
Cheap
Cheap
Cheap
 10.47 12.16 11.85
-4.76 σ
-4.33 σ
-4.96 σ
 +27.18% 12:51 PM
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).