Global P/E Ratios by Country
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).