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 30.25
Fair
Fair
Overvalued
 27.39 26.96 20.91
+0.67 σ
+0.79 σ
+1.71 σ
 +1.56% 09:30 AM
VTI United States 27.78
Expensive
Expensive
Expensive
 22.26 19.59 16.54
+2.52 σ
+3.14 σ
+4.16 σ
 +10.31% 09:30 AM
INDA India 24.94
Overvalued
Overvalued
Expensive
 22.99 20.44 17.86
+1.63 σ
+1.84 σ
+2.59 σ
 +3.25% 09:30 AM
EWL Switzerland 22.38
Overvalued
Expensive
Expensive
 19.35 17.98 15.73
+1.46 σ
+2.76 σ
+3.17 σ
 +5.99% 09:30 AM
EWA Australia 20.61
Overvalued
Expensive
Expensive
 17.03 16.30 14.75
+1.59 σ
+2.68 σ
+3.83 σ
 +0.50% 09:30 AM
EWD Sweden 20.36
Overvalued
Expensive
Expensive
 16.28 15.95 14.80
+1.90 σ
+3.07 σ
+3.69 σ
 +4.53% 09:30 AM
VNM Vietnam 20.29
Overvalued
-
-
 15.85 - -
+1.42 σ
-
-
 +21.44% 09:30 AM
EWC Canada 20.22
Expensive
Expensive
Expensive
 15.49 15.10 14.35
+2.20 σ
+3.74 σ
+5.14 σ
 +13.86% 09:30 AM
EWT Taiwan 19.54
Overvalued
Expensive
Expensive
 15.88 14.74 13.92
+1.67 σ
+2.81 σ
+3.57 σ
 +12.06% 09:30 AM
EWU United Kingdom 19.15
Expensive
Expensive
Expensive
 12.90 13.28 12.26
+2.56 σ
+3.65 σ
+4.42 σ
 +7.86% 09:30 AM
EWQ France 19.12
Overvalued
Expensive
Expensive
 16.44 15.25 13.29
+1.46 σ
+2.38 σ
+2.95 σ
 +4.82% 09:30 AM
EWN Netherlands 19.03
Fair
Overvalued
Expensive
 18.33 16.81 14.22
+0.24 σ
+1.13 σ
+2.08 σ
 +9.40% 09:30 AM
EWK Belgium 18.54
Fair
Fair
Overvalued
 16.24 16.87 14.75
+0.82 σ
+0.86 σ
+1.47 σ
 +10.45% 09:30 AM
EWG Germany 18.52
Expensive
Expensive
Expensive
 13.99 13.48 12.40
+2.36 σ
+3.84 σ
+4.90 σ
 +0.52% 09:30 AM
EWH Hong Kong 17.93
Expensive
Expensive
Expensive
 15.41 15.14 15.19
+2.33 σ
+3.18 σ
+2.86 σ
 +12.19% 09:30 AM
EWJ Japan 17.62
Overvalued
Expensive
Overvalued
 14.85 14.16 14.44
+1.93 σ
+2.64 σ
+1.99 σ
 +10.77% 09:30 AM
EWS Singapore 16.07
Overvalued
Expensive
Expensive
 13.55 13.12 13.35
+1.97 σ
+2.95 σ
+2.98 σ
 +7.33% 09:30 AM
ARGT Argentina 16.07
Expensive
Expensive
Expensive
 12.20 12.23 10.56
+2.27 σ
+3.19 σ
+2.31 σ
 +9.27% 09:30 AM
EZA South Africa 15.15
Expensive
Overvalued
Expensive
 10.43 12.09 11.84
+3.33 σ
+1.60 σ
+2.06 σ
 +23.43% 09:30 AM
EWM Malaysia 15.03
Overvalued
Fair
Fair
 14.28 15.06 14.66
+1.04 σ
-0.04 σ
+0.46 σ
 +8.61% 09:30 AM
ECH Chile 14.94
Overvalued
Fair
Fair
 10.14 13.09 14.58
+1.95 σ
+0.68 σ
+0.19 σ
 +18.17% 09:30 AM
EDEN Denmark 14.77
Fair
Undervalued
Fair
 17.37 18.28 16.53
-0.72 σ
-1.36 σ
-0.95 σ
 +0.35% 09:30 AM
EIRL Ireland 14.75
Fair
Fair
Fair
 15.63 15.64 16.13
-0.35 σ
-0.48 σ
-0.56 σ
 +10.68% 09:30 AM
THD Thailand 14.65
Undervalued
Undervalued
Fair
 18.05 17.65 15.76
-1.40 σ
-1.51 σ
-0.44 σ
 +5.27% 09:30 AM
EIS Israel 14.65
Overvalued
Expensive
Expensive
 11.80 11.24 10.98
+1.54 σ
+2.87 σ
+2.42 σ
 +15.03% 09:30 AM
EWY South Korea 14.47
Expensive
Expensive
Expensive
 10.43 10.12 9.86
+3.62 σ
+4.43 σ
+5.11 σ
 +30.39% 09:30 AM
EWO Austria 14.13
Expensive
Expensive
Expensive
 8.32 9.58 9.94
+3.06 σ
+2.57 σ
+2.64 σ
 +13.98% 09:30 AM
NORW Norway 14.07
Overvalued
Fair
Overvalued
 10.82 12.57 11.54
+1.63 σ
+0.84 σ
+1.62 σ
 +0.74% 09:30 AM
EWP Spain 13.87
Overvalued
Overvalued
Overvalued
 11.32 11.81 11.53
+1.95 σ
+1.75 σ
+1.58 σ
 +16.87% 09:30 AM
EPU Perù 13.76
Fair
Fair
Fair
 12.09 12.66 12.32
+0.86 σ
+0.77 σ
+0.99 σ
 +24.37% 09:30 AM
TUR Turkey 13.36
Expensive
Expensive
Expensive
 5.70 6.40 7.94
+5.91 σ
+5.98 σ
+3.35 σ
 +1.06% 09:30 AM
EWI Italy 13.18
Overvalued
Overvalued
Overvalued
 10.61 11.42 11.16
+1.45 σ
+1.20 σ
+1.28 σ
 +10.41% 09:30 AM
EIDO Indonesia 12.96
Fair
Fair
Fair
 13.12 14.25 13.63
-0.11 σ
-0.92 σ
-0.53 σ
 +7.35% 09:30 AM
EWW Mexico 12.89
Fair
Fair
Fair
 12.55 13.80 14.25
+0.36 σ
-0.57 σ
-0.78 σ
 +13.17% 09:30 AM
EPOL Poland 12.47
Overvalued
Overvalued
Fair
 10.17 10.99 11.46
+1.09 σ
+1.12 σ
+0.82 σ
 +10.31% 09:30 AM
QAT Qatar 11.90
Fair
-
-
 13.36 - -
-0.67 σ
-
-
 +0.12% 09:30 AM
GREK Greece 11.89
Overvalued
Fair
Fair
 9.59 11.24 11.04
+1.11 σ
+0.32 σ
+0.38 σ
 +16.20% 09:30 AM
EWZ Brazil 10.80
Expensive
Fair
Fair
 7.97 9.97 9.91
+2.24 σ
+0.45 σ
+0.60 σ
 +19.03% 09:30 AM
FXI China 10.61
Fair
Fair
Fair
 10.53 11.12 11.03
+0.05 σ
-0.38 σ
-0.25 σ
 +5.20% 09:30 AM
GXG Colombia 9.92
Overvalued
Fair
Fair
 7.32 9.52 12.57
+1.53 σ
+0.18 σ
-0.91 σ
 +19.78% 25 Nov
EPHE Philippines 9.40
Undervalued
Cheap
Cheap
 13.28 15.20 15.25
-1.47 σ
-2.40 σ
-2.78 σ
 -3.29% 09:30 AM
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).