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
+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).