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
WORLD COUNTRIES P/E RATIO
Individual stock markets
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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 31.01
Fair
Fair
Overvalued
 27.23 27.14 21.08
+0.93 σ
+0.95 σ
+1.81 σ
 +3.91% 29 Jan
VTI United States 27.10
Expensive
Expensive
Expensive
 22.42 19.77 16.63
+2.01 σ
+2.71 σ
+3.77 σ
 +8.53% 29 Jan
EWL Switzerland 24.28
Expensive
Expensive
Expensive
 19.52 18.10 15.78
+2.18 σ
+3.64 σ
+3.97 σ
 +11.12% 29 Jan
INDA India 23.54
Fair
Overvalued
Expensive
 23.07 20.60 17.94
+0.38 σ
+1.20 σ
+2.01 σ
 -3.83% 29 Jan
EWA Australia 22.57
Expensive
Expensive
Expensive
 17.10 16.41 14.80
+2.35 σ
+3.67 σ
+4.89 σ
 +8.13% 29 Jan
EWD Sweden 22.06
Expensive
Expensive
Expensive
 16.40 16.04 14.84
+2.49 σ
+3.97 σ
+4.68 σ
 +14.17% 29 Jan
EWT Taiwan 21.38
Expensive
Expensive
Expensive
 15.96 14.87 13.99
+2.39 σ
+3.73 σ
+4.57 σ
 +16.17% 29 Jan
EWC Canada 20.80
Expensive
Expensive
Expensive
 15.65 15.20 14.38
+2.22 σ
+3.81 σ
+5.46 σ
 +15.97% 29 Jan
EWU United Kingdom 20.59
Expensive
Expensive
Expensive
 13.05 13.32 12.29
+2.87 σ
+4.34 σ
+5.20 σ
 +12.12% 29 Jan
EWK Belgium 19.69
Overvalued
Overvalued
Overvalued
 16.16 16.85 14.82
+1.30 σ
+1.47 σ
+1.88 σ
 +14.19% 29 Jan
EWH Hong Kong 19.58
Expensive
Expensive
Expensive
 15.44 15.20 15.21
+3.69 σ
+4.82 σ
+4.45 σ
 +14.33% 29 Jan
EWQ France 19.18
Overvalued
Expensive
Expensive
 16.50 15.32 13.34
+1.42 σ
+2.29 σ
+2.89 σ
 +5.47% 29 Jan
EWN Netherlands 18.99
Fair
Overvalued
Expensive
 18.14 16.86 14.28
+0.31 σ
+1.08 σ
+2.01 σ
 +14.77% 29 Jan
EWG Germany 18.47
Expensive
Expensive
Expensive
 14.09 13.55 12.44
+2.11 σ
+3.46 σ
+4.67 σ
 +4.57% 29 Jan
EIS Israel 17.84
Expensive
Expensive
Expensive
 11.85 11.29 10.98
+3.15 σ
+5.28 σ
+4.49 σ
 +23.84% 29 Jan
ARGT Argentina 17.78
Expensive
Expensive
Expensive
 12.47 12.38 10.63
+2.94 σ
+4.28 σ
+2.92 σ
 +19.17% 29 Jan
EZA South Africa 17.73
Expensive
Expensive
Expensive
 10.56 12.10 11.88
+4.55 σ
+2.93 σ
+3.57 σ
 +32.36% 29 Jan
EPU Perù 17.68
Expensive
Expensive
Expensive
 12.08 12.73 12.31
+2.91 σ
+3.49 σ
+3.73 σ
 +60.47% 29 Jan
EWJ Japan 17.54
Overvalued
Expensive
Overvalued
 14.84 14.21 14.43
+1.88 σ
+2.45 σ
+1.96 σ
 +10.09% 29 Jan
VNM Vietnam 17.06
Fair
-
-
 15.76 - -
+0.44 σ
-
-
 +14.40% 29 Jan
EWS Singapore 17.03
Expensive
Expensive
Expensive
 13.62 13.19 13.37
+2.52 σ
+3.76 σ
+3.93 σ
 +6.08% 29 Jan
EWY South Korea 16.74
Expensive
Expensive
Expensive
 10.45 10.17 9.89
+5.48 σ
+6.39 σ
+7.41 σ
 +55.64% 29 Jan
EWM Malaysia 16.56
Expensive
Expensive
Expensive
 14.30 15.06 14.68
+3.07 σ
+2.00 σ
+2.37 σ
 +15.10% 29 Jan
EDEN Denmark 16.03
Fair
Fair
Fair
 16.97 18.20 16.54
-0.29 σ
-0.83 σ
-0.28 σ
 +9.80% 29 Jan
ECH Chile 15.98
Expensive
Overvalued
Fair
 10.14 13.13 14.58
+2.37 σ
+1.03 σ
+0.77 σ
 +36.32% 29 Jan
NORW Norway 15.96
Expensive
Overvalued
Expensive
 10.79 12.59 11.56
+2.68 σ
+1.87 σ
+2.78 σ
 +13.36% 29 Jan
EWO Austria 15.52
Expensive
Expensive
Expensive
 8.35 9.59 9.95
+3.68 σ
+3.32 σ
+3.48 σ
 +23.24% 29 Jan
THD Thailand 15.28
Undervalued
Undervalued
Fair
 17.71 17.55 15.80
-1.05 σ
-1.14 σ
-0.21 σ
 +11.23% 29 Jan
EWW Mexico 15.27
Expensive
Overvalued
Fair
 12.52 13.73 14.26
+3.08 σ
+1.00 σ
+0.58 σ
 +22.29% 29 Jan
EIRL Ireland 14.81
Fair
Fair
Fair
 15.35 15.62 16.16
-0.24 σ
-0.44 σ
-0.56 σ
 +11.53% 29 Jan
EWP Spain 14.49
Expensive
Expensive
Overvalued
 11.29 11.83 11.54
+2.57 σ
+2.23 σ
+1.98 σ
 +18.13% 29 Jan
TUR Turkey 14.33
Expensive
Expensive
Expensive
 5.87 6.41 7.94
+5.40 σ
+6.74 σ
+3.95 σ
 +23.67% 29 Jan
EWI Italy 13.82
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.81 σ
+1.64 σ
+1.68 σ
 +11.71% 29 Jan
EPOL Poland 13.63
Overvalued
Overvalued
Overvalued
 10.15 11.01 11.45
+1.67 σ
+1.95 σ
+1.78 σ
 +17.48% 29 Jan
EWZ Brazil 12.79
Expensive
Overvalued
Overvalued
 7.96 9.97 9.95
+3.84 σ
+1.51 σ
+1.97 σ
 +27.93% 29 Jan
QAT Qatar 12.34
Fair
-
-
 13.20 - -
-0.40 σ
-
-
 +3.54% 29 Jan
GREK Greece 11.97
Overvalued
Fair
Fair
 9.53 11.30 11.01
+1.22 σ
+0.33 σ
+0.43 σ
 +22.30% 29 Jan
EIDO Indonesia 11.93
Fair
Undervalued
Undervalued
 13.01 14.22 13.65
-0.79 σ
-1.63 σ
-1.40 σ
 -2.67% 29 Jan
FXI China 11.16
Fair
Fair
Fair
 10.36 11.15 11.03
+0.57 σ
+0.01 σ
+0.08 σ
 +6.68% 29 Jan
COLO Colombia 10.76
Expensive
Fair
Fair
 7.25 9.49 12.49
+2.24 σ
+0.57 σ
-0.60 σ
 +31.93% 29 Jan
EPHE Philippines 9.00
Undervalued
Cheap
Cheap
 12.95 15.04 15.23
-1.53 σ
-2.41 σ
-2.91 σ
 -1.32% 29 Jan
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).