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 28.51
Fair
Fair
Overvalued
 27.49 26.88 20.84
+0.23 σ
+0.39 σ
+1.41 σ
 +0.51% 12:34 PM
VTI United States 26.59
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.08 σ
+2.77 σ
+3.78 σ
 +9.35% 12:59 PM
INDA India 24.88
Overvalued
Overvalued
Expensive
 22.92 20.37 17.81
+1.63 σ
+1.86 σ
+2.60 σ
 +3.63% 01:00 PM
VNM Vietnam 22.46
Expensive
-
-
 15.88 - -
+2.07 σ
-
-
 +35.60% 01:00 PM
EWL Switzerland 22.24
Overvalued
Expensive
Expensive
 19.28 17.93 15.71
+1.44 σ
+2.77 σ
+3.14 σ
 +8.51% 12:55 PM
EWD Sweden 21.13
Expensive
Expensive
Expensive
 16.23 15.89 14.78
+2.36 σ
+3.70 σ
+4.26 σ
 +7.39% 12:35 PM
EWA Australia 20.54
Overvalued
Expensive
Expensive
 16.99 16.25 14.72
+1.61 σ
+2.74 σ
+3.88 σ
 +5.55% 12:59 PM
EWC Canada 19.40
Overvalued
Expensive
Expensive
 15.41 15.06 14.33
+1.92 σ
+3.28 σ
+4.49 σ
 +12.47% 01:00 PM
EWQ France 18.90
Overvalued
Expensive
Expensive
 16.41 15.20 13.26
+1.38 σ
+2.30 σ
+2.89 σ
 +9.01% 12:57 PM
EWU United Kingdom 18.64
Expensive
Expensive
Expensive
 12.80 13.26 12.24
+2.50 σ
+3.40 σ
+4.15 σ
 +8.04% 01:00 PM
EWT Taiwan 18.61
Overvalued
Expensive
Expensive
 15.84 14.67 13.89
+1.30 σ
+2.32 σ
+3.05 σ
 +18.02% 01:00 PM
EWN Netherlands 18.46
Fair
Fair
Overvalued
 18.38 16.76 14.19
+0.03 σ
+0.86 σ
+1.86 σ
 +14.23% 01:00 PM
EWG Germany 17.90
Expensive
Expensive
Expensive
 13.93 13.43 12.39
+2.14 σ
+3.52 σ
+4.49 σ
 +4.74% 01:00 PM
EWK Belgium 17.89
Fair
Fair
Overvalued
 16.27 16.87 14.72
+0.58 σ
+0.53 σ
+1.23 σ
 +13.81% 12:25 PM
EWH Hong Kong 17.63
Expensive
Expensive
Expensive
 15.38 15.11 15.18
+2.16 σ
+2.89 σ
+2.59 σ
 +11.35% 12:59 PM
EWJ Japan 17.23
Overvalued
Expensive
Overvalued
 14.85 14.12 14.44
+1.66 σ
+2.43 σ
+1.76 σ
 +12.03% 01:00 PM
EWS Singapore 15.34
Overvalued
Expensive
Expensive
 13.51 13.08 13.35
+1.47 σ
+2.26 σ
+2.21 σ
 +10.38% 12:58 PM
EWM Malaysia 14.52
Fair
Fair
Fair
 14.30 15.06 14.66
+0.29 σ
-0.72 σ
-0.17 σ
 +5.89% 12:48 PM
EIS Israel 14.35
Overvalued
Expensive
Expensive
 11.76 11.21 10.97
+1.42 σ
+2.69 σ
+2.23 σ
 +13.93% 12:51 PM
THD Thailand 14.12
Undervalued
Undervalued
Fair
 18.17 17.72 15.74
-1.69 σ
-1.81 σ
-0.64 σ
 +5.21% 12:56 PM
EWW Mexico 13.85
Overvalued
Fair
Fair
 12.54 13.83 14.25
+1.44 σ
+0.01 σ
-0.23 σ
 +14.92% 12:59 PM
EDEN Denmark 13.79
Undervalued
Undervalued
Undervalued
 17.61 18.32 16.54
-1.03 σ
-1.79 σ
-1.49 σ
 +2.27% 09:41 AM
EPU Perù 13.38
Fair
Fair
Fair
 12.12 12.64 12.33
+0.64 σ
+0.51 σ
+0.71 σ
 +31.14% 12:48 PM
EIRL Ireland 13.34
Fair
Undervalued
Undervalued
 15.78 15.66 16.13
-0.93 σ
-1.26 σ
-1.14 σ
 +5.31% 11:48 AM
EWP Spain 13.28
Overvalued
Overvalued
Overvalued
 11.34 11.81 11.53
+1.44 σ
+1.24 σ
+1.19 σ
 +18.42% 12:58 PM
ECH Chile 13.19
Overvalued
Fair
Fair
 10.17 13.09 14.59
+1.20 σ
+0.04 σ
-0.77 σ
 +8.87% 12:55 PM
EWO Austria 12.96
Expensive
Overvalued
Overvalued
 8.29 9.56 9.93
+2.52 σ
+1.93 σ
+1.91 σ
 +11.27% 12:58 PM
NORW Norway 12.89
Fair
Fair
Fair
 10.88 12.56 11.53
+0.97 σ
+0.18 σ
+0.87 σ
 +6.44% 12:28 PM
TUR Turkey 12.86
Expensive
Expensive
Expensive
 5.62 6.40 7.94
+6.28 σ
+5.55 σ
+3.04 σ
 -5.35% 12:58 PM
EWI Italy 12.71
Overvalued
Fair
Fair
 10.62 11.42 11.16
+1.18 σ
+0.87 σ
+0.99 σ
 +10.97% 12:57 PM
EWY South Korea 12.50
Overvalued
Expensive
Expensive
 10.40 10.09 9.85
+1.99 σ
+2.50 σ
+2.97 σ
 +35.94% 01:00 PM
EIDO Indonesia 12.43
Fair
Undervalued
Fair
 13.17 14.24 13.62
-0.50 σ
-1.29 σ
-0.93 σ
 -1.61% 01:00 PM
ARGT Argentina 12.28
Fair
Fair
Fair
 12.10 12.16 10.55
+0.11 σ
+0.11 σ
+0.73 σ
 -13.85% 12:59 PM
QAT Qatar 12.21
Fair
-
-
 13.43 - -
-0.55 σ
-
-
 +2.18% 12:54 PM
EPOL Poland 11.64
Fair
Fair
Fair
 10.13 10.98 11.47
+0.72 σ
+0.49 σ
+0.14 σ
 +11.89% 01:00 PM
FXI China 10.89
Fair
Fair
Fair
 10.61 11.10 11.02
+0.16 σ
-0.15 σ
-0.08 σ
 +9.99% 12:59 PM
GREK Greece 10.47
Fair
Fair
Fair
 9.60 11.23 11.06
+0.41 σ
-0.38 σ
-0.26 σ
 +16.29% 12:58 PM
EWZ Brazil 10.13
Overvalued
Fair
Fair
 7.97 9.96 9.89
+1.72 σ
+0.09 σ
+0.16 σ
 +9.50% 01:00 PM
GXG Colombia 9.96
Overvalued
Fair
Fair
 7.35 9.55 12.61
+1.46 σ
+0.18 σ
-0.90 σ
 +17.04% 16 Oct
EPHE Philippines 8.91
Undervalued
Cheap
Cheap
 13.42 15.28 15.26
-1.72 σ
-2.69 σ
-3.03 σ
 -1.94% 12:51 PM
EZA South Africa 3.91
Cheap
Cheap
Cheap
 10.47 12.16 11.85
-4.75 σ
-4.32 σ
-4.96 σ
 +25.17% 12:59 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).