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 30.19
Fair
Fair
Overvalued
 27.23 27.14 21.08
+0.73 σ
+0.75 σ
+1.66 σ
 +1.84% 04:00 PM
VTI United States 27.11
Expensive
Expensive
Expensive
 22.42 19.77 16.63
+2.01 σ
+2.71 σ
+3.77 σ
 +10.29% 04:00 PM
INDA India 24.26
Fair
Overvalued
Expensive
 23.07 20.60 17.94
+0.96 σ
+1.49 σ
+2.26 σ
 -0.74% 04:00 PM
EWL Switzerland 23.64
Overvalued
Expensive
Expensive
 19.52 18.10 15.78
+1.89 σ
+3.26 σ
+3.67 σ
 +9.51% 04:00 PM
EWD Sweden 20.96
Expensive
Expensive
Expensive
 16.40 16.04 14.84
+2.00 σ
+3.24 σ
+3.97 σ
 +10.15% 04:00 PM
EWA Australia 20.85
Overvalued
Expensive
Expensive
 17.10 16.41 14.80
+1.61 σ
+2.65 σ
+3.81 σ
 +1.00% 04:00 PM
EWT Taiwan 20.19
Overvalued
Expensive
Expensive
 15.96 14.87 13.99
+1.86 σ
+3.05 σ
+3.83 σ
 +12.38% 04:00 PM
EWC Canada 20.10
Overvalued
Expensive
Expensive
 15.65 15.20 14.38
+1.92 σ
+3.33 σ
+4.87 σ
 +14.45% 04:00 PM
EWU United Kingdom 19.85
Expensive
Expensive
Expensive
 13.05 13.32 12.29
+2.59 σ
+3.91 σ
+4.74 σ
 +9.76% 04:00 PM
EWQ France 19.21
Overvalued
Expensive
Expensive
 16.50 15.32 13.34
+1.43 σ
+2.31 σ
+2.90 σ
 +6.68% 04:00 PM
EWK Belgium 18.55
Fair
Fair
Overvalued
 16.16 16.85 14.82
+0.89 σ
+0.88 σ
+1.44 σ
 +9.53% 04:00 PM
EWG Germany 18.45
Expensive
Expensive
Expensive
 14.09 13.55 12.44
+2.10 σ
+3.45 σ
+4.66 σ
 +5.70% 04:00 PM
EWH Hong Kong 18.43
Expensive
Expensive
Expensive
 15.44 15.20 15.21
+2.66 σ
+3.55 σ
+3.27 σ
 +9.64% 04:00 PM
EWN Netherlands 18.07
Fair
Fair
Overvalued
 18.14 16.86 14.28
-0.03 σ
+0.61 σ
+1.62 σ
 +11.34% 04:00 PM
EIS Israel 17.59
Expensive
Expensive
Expensive
 11.85 11.29 10.98
+3.02 σ
+5.07 σ
+4.33 σ
 +25.92% 04:00 PM
VNM Vietnam 17.48
Fair
-
-
 15.76 - -
+0.58 σ
-
-
 +20.83% 04:00 PM
EWJ Japan 17.24
Overvalued
Expensive
Overvalued
 14.84 14.21 14.43
+1.67 σ
+2.23 σ
+1.77 σ
 +9.91% 04:00 PM
EWS Singapore 16.73
Expensive
Expensive
Expensive
 13.62 13.19 13.37
+2.30 σ
+3.46 σ
+3.61 σ
 +5.62% 04:00 PM
ARGT Argentina 16.55
Expensive
Expensive
Expensive
 12.47 12.38 10.63
+2.26 σ
+3.31 σ
+2.42 σ
 +12.46% 04:00 PM
EZA South Africa 15.75
Expensive
Overvalued
Expensive
 10.56 12.10 11.88
+3.29 σ
+1.90 σ
+2.36 σ
 +21.55% 04:00 PM
EDEN Denmark 15.66
Fair
Fair
Fair
 16.97 18.20 16.54
-0.40 σ
-0.97 σ
-0.48 σ
 +8.63% 03:59 PM
EWM Malaysia 15.61
Overvalued
Fair
Overvalued
 14.30 15.06 14.68
+1.78 σ
+0.73 σ
+1.17 σ
 +10.21% 04:00 PM
EPU Perù 14.93
Overvalued
Overvalued
Overvalued
 12.08 12.73 12.31
+1.48 σ
+1.55 σ
+1.82 σ
 +42.56% 04:00 PM
EWY South Korea 14.64
Expensive
Expensive
Expensive
 10.45 10.17 9.89
+3.65 σ
+4.35 σ
+5.14 σ
 +43.33% 04:00 PM
NORW Norway 14.64
Overvalued
Overvalued
Overvalued
 10.79 12.59 11.56
+1.99 σ
+1.14 σ
+1.94 σ
 +5.32% 03:59 PM
EWO Austria 14.62
Expensive
Expensive
Expensive
 8.35 9.59 9.95
+3.22 σ
+2.82 σ
+2.92 σ
 +19.19% 04:00 PM
ECH Chile 14.60
Overvalued
Fair
Fair
 10.14 13.13 14.58
+1.81 σ
+0.54 σ
+0.02 σ
 +28.63% 04:00 PM
EIRL Ireland 14.45
Fair
Fair
Fair
 15.35 15.62 16.16
-0.40 σ
-0.63 σ
-0.70 σ
 +10.56% 03:40 PM
THD Thailand 14.30
Undervalued
Undervalued
Fair
 17.71 17.55 15.80
-1.48 σ
-1.63 σ
-0.61 σ
 +5.44% 04:00 PM
EWP Spain 14.01
Expensive
Overvalued
Overvalued
 11.29 11.83 11.54
+2.19 σ
+1.83 σ
+1.66 σ
 +17.08% 04:00 PM
EWW Mexico 13.83
Overvalued
Fair
Fair
 12.52 13.73 14.26
+1.47 σ
+0.07 σ
-0.25 σ
 +13.55% 04:00 PM
EWI Italy 13.54
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.65 σ
+1.45 σ
+1.51 σ
 +11.52% 04:00 PM
EIDO Indonesia 12.90
Fair
Fair
Fair
 13.01 14.22 13.65
-0.08 σ
-0.94 σ
-0.61 σ
 +6.41% 04:00 PM
EPOL Poland 12.85
Overvalued
Overvalued
Overvalued
 10.15 11.01 11.45
+1.30 σ
+1.37 σ
+1.14 σ
 +12.97% 04:00 PM
TUR Turkey 12.81
Expensive
Expensive
Expensive
 5.87 6.41 7.94
+4.42 σ
+5.44 σ
+3.01 σ
 +11.96% 04:00 PM
QAT Qatar 12.05
Fair
-
-
 13.20 - -
-0.53 σ
-
-
 +1.89% 04:00 PM
EWZ Brazil 11.09
Expensive
Fair
Fair
 7.96 9.97 9.95
+2.49 σ
+0.60 σ
+0.79 σ
 +13.40% 04:00 PM
GREK Greece 10.92
Fair
Fair
Fair
 9.53 11.30 11.01
+0.69 σ
-0.19 σ
-0.04 σ
 +14.67% 03:59 PM
FXI China 10.77
Fair
Fair
Fair
 10.36 11.15 11.03
+0.29 σ
-0.28 σ
-0.16 σ
 +4.00% 04:00 PM
GXG Colombia 9.43
Overvalued
Fair
Undervalued
 7.25 9.49 12.49
+1.39 σ
-0.03 σ
-1.06 σ
 +19.90% 08 Jan
EPHE Philippines 9.17
Undervalued
Cheap
Cheap
 12.95 15.04 15.23
-1.46 σ
-2.35 σ
-2.83 σ
 +0.88% 04:00 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).