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 28.78
Fair
Fair
Overvalued
 27.49 26.88 20.84
+0.29 σ
+0.45 σ
+1.46 σ
 +1.46% 16 Oct
VTI United States 26.56
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.07 σ
+2.76 σ
+3.77 σ
 +9.30% 16 Oct
INDA India 24.72
Overvalued
Overvalued
Expensive
 22.92 20.37 17.81
+1.50 σ
+1.79 σ
+2.54 σ
 +3.00% 16 Oct
VNM Vietnam 22.99
Expensive
-
-
 15.88 - -
+2.24 σ
-
-
 +39.20% 16 Oct
EWL Switzerland 22.17
Overvalued
Expensive
Expensive
 19.28 17.93 15.71
+1.40 σ
+2.72 σ
+3.10 σ
 +8.28% 16 Oct
EWD Sweden 21.24
Expensive
Expensive
Expensive
 16.23 15.89 14.78
+2.42 σ
+3.77 σ
+4.34 σ
 +8.08% 16 Oct
EWA Australia 20.64
Overvalued
Expensive
Expensive
 16.99 16.25 14.72
+1.65 σ
+2.80 σ
+3.95 σ
 +6.12% 16 Oct
EWC Canada 19.60
Expensive
Expensive
Expensive
 15.41 15.06 14.33
+2.02 σ
+3.43 σ
+4.67 σ
 +13.78% 16 Oct
EWQ France 18.89
Overvalued
Expensive
Expensive
 16.41 15.20 13.26
+1.37 σ
+2.29 σ
+2.88 σ
 +9.07% 16 Oct
EWT Taiwan 18.68
Overvalued
Expensive
Expensive
 15.84 14.67 13.89
+1.33 σ
+2.36 σ
+3.09 σ
 +18.63% 16 Oct
EWU United Kingdom 18.68
Expensive
Expensive
Expensive
 12.80 13.26 12.24
+2.52 σ
+3.43 σ
+4.18 σ
 +8.40% 16 Oct
EWN Netherlands 18.49
Fair
Fair
Overvalued
 18.38 16.76 14.19
+0.04 σ
+0.88 σ
+1.87 σ
 +14.61% 16 Oct
EWG Germany 18.05
Expensive
Expensive
Expensive
 13.93 13.43 12.39
+2.22 σ
+3.64 σ
+4.61 σ
 +5.72% 16 Oct
EWK Belgium 17.93
Fair
Fair
Overvalued
 16.27 16.87 14.72
+0.59 σ
+0.55 σ
+1.25 σ
 +14.20% 16 Oct
EWH Hong Kong 17.53
Expensive
Expensive
Expensive
 15.38 15.11 15.18
+2.06 σ
+2.78 σ
+2.48 σ
 +10.85% 16 Oct
EWJ Japan 17.17
Overvalued
Expensive
Overvalued
 14.85 14.12 14.44
+1.62 σ
+2.38 σ
+1.72 σ
 +11.77% 16 Oct
EWS Singapore 15.34
Overvalued
Expensive
Expensive
 13.51 13.08 13.35
+1.47 σ
+2.26 σ
+2.21 σ
 +10.48% 16 Oct
EWM Malaysia 14.49
Fair
Fair
Fair
 14.30 15.06 14.66
+0.25 σ
-0.76 σ
-0.21 σ
 +5.68% 16 Oct
THD Thailand 14.39
Undervalued
Undervalued
Fair
 18.17 17.72 15.74
-1.58 σ
-1.67 σ
-0.53 σ
 +7.26% 16 Oct
EIS Israel 14.33
Overvalued
Expensive
Expensive
 11.76 11.21 10.97
+1.41 σ
+2.68 σ
+2.22 σ
 +13.95% 16 Oct
EWW Mexico 14.06
Overvalued
Fair
Fair
 12.54 13.83 14.25
+1.67 σ
+0.14 σ
-0.11 σ
 +16.84% 16 Oct
EPU Perù 13.79
Fair
Fair
Fair
 12.12 12.64 12.33
+0.85 σ
+0.80 σ
+0.99 σ
 +35.51% 16 Oct
EDEN Denmark 13.79
Undervalued
Undervalued
Undervalued
 17.61 18.32 16.54
-1.03 σ
-1.79 σ
-1.49 σ
 +2.29% 16 Oct
EIRL Ireland 13.50
Fair
Undervalued
Undervalued
 15.78 15.66 16.13
-0.87 σ
-1.17 σ
-1.07 σ
 +6.69% 16 Oct
EWP Spain 13.32
Overvalued
Overvalued
Overvalued
 11.34 11.81 11.53
+1.48 σ
+1.28 σ
+1.21 σ
 +19.05% 16 Oct
ECH Chile 13.26
Overvalued
Fair
Fair
 10.17 13.09 14.59
+1.22 σ
+0.06 σ
-0.73 σ
 +9.58% 16 Oct
EWO Austria 13.15
Expensive
Expensive
Expensive
 8.29 9.56 9.93
+2.62 σ
+2.04 σ
+2.03 σ
 +13.04% 16 Oct
TUR Turkey 13.08
Expensive
Expensive
Expensive
 5.62 6.40 7.94
+6.47 σ
+5.74 σ
+3.18 σ
 -3.78% 16 Oct
NORW Norway 12.85
Fair
Fair
Fair
 10.88 12.56 11.53
+0.95 σ
+0.16 σ
+0.84 σ
 +6.24% 16 Oct
EWI Italy 12.79
Overvalued
Fair
Overvalued
 10.62 11.42 11.16
+1.22 σ
+0.92 σ
+1.03 σ
 +11.77% 16 Oct
EIDO Indonesia 12.48
Fair
Undervalued
Fair
 13.17 14.24 13.62
-0.46 σ
-1.26 σ
-0.90 σ
 -1.25% 16 Oct
EWY South Korea 12.47
Overvalued
Expensive
Expensive
 10.40 10.09 9.85
+1.97 σ
+2.48 σ
+2.95 σ
 +36.05% 16 Oct
ARGT Argentina 12.41
Fair
Fair
Fair
 12.10 12.16 10.55
+0.19 σ
+0.22 σ
+0.79 σ
 -13.00% 16 Oct
QAT Qatar 12.24
Fair
-
-
 13.43 - -
-0.54 σ
-
-
 +2.46% 16 Oct
EPOL Poland 11.64
Fair
Fair
Fair
 10.13 10.98 11.47
+0.72 σ
+0.49 σ
+0.14 σ
 +12.12% 16 Oct
FXI China 10.95
Fair
Fair
Fair
 10.61 11.10 11.02
+0.20 σ
-0.11 σ
-0.04 σ
 +10.73% 16 Oct
GREK Greece 10.70
Fair
Fair
Fair
 9.60 11.23 11.06
+0.53 σ
-0.26 σ
-0.16 σ
 +19.19% 16 Oct
EWZ Brazil 10.01
Overvalued
Fair
Fair
 7.97 9.96 9.89
+1.62 σ
+0.03 σ
+0.08 σ
 +8.27% 16 Oct
GXG Colombia 9.84
Overvalued
Fair
Fair
 7.35 9.55 12.61
+1.39 σ
+0.13 σ
-0.94 σ
 +15.82% 15 Oct
EPHE Philippines 8.92
Undervalued
Cheap
Cheap
 13.42 15.28 15.26
-1.71 σ
-2.68 σ
-3.03 σ
 -1.81% 16 Oct
EZA South Africa 4.06
Cheap
Cheap
Cheap
 10.47 12.16 11.85
-4.65 σ
-4.25 σ
-4.87 σ
 +30.08% 16 Oct
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).