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 32.09
Fair
Overvalued
Expensive
 27.67 26.67 20.68
+0.97 σ
+1.28 σ
+2.12 σ
 +1.63% 07 Aug
VTI United States 26.49
Expensive
Expensive
Expensive
 22.05 19.32 16.42
+2.23 σ
+2.91 σ
+3.89 σ
 +6.90% 07 Aug
INDA India 25.21
Overvalued
Expensive
Expensive
 22.89 20.24 17.72
+1.96 σ
+2.06 σ
+2.79 σ
 -0.72% 07 Aug
EWL Switzerland 22.96
Overvalued
Expensive
Expensive
 19.17 17.81 15.66
+1.92 σ
+3.53 σ
+3.57 σ
 +4.60% 07 Aug
EWD Sweden 21.24
Expensive
Expensive
Expensive
 16.17 15.79 14.74
+2.55 σ
+4.01 σ
+4.47 σ
 +7.78% 07 Aug
EWA Australia 20.47
Overvalued
Expensive
Expensive
 16.95 16.14 14.68
+1.63 σ
+2.88 σ
+4.01 σ
 +6.05% 07 Aug
EWC Canada 20.03
Expensive
Expensive
Expensive
 15.32 14.99 14.31
+2.44 σ
+4.12 σ
+5.19 σ
 +11.04% 07 Aug
EWG Germany 19.43
Expensive
Expensive
Expensive
 13.89 13.36 12.36
+3.10 σ
+5.04 σ
+5.92 σ
 +14.29% 07 Aug
EWQ France 18.34
Overvalued
Expensive
Expensive
 16.37 15.12 13.21
+1.11 σ
+2.06 σ
+2.69 σ
 +6.81% 07 Aug
EWU United Kingdom 18.29
Expensive
Expensive
Expensive
 12.65 13.22 12.21
+2.66 σ
+3.33 σ
+4.04 σ
 +8.89% 07 Aug
EWK Belgium 17.66
Fair
Fair
Overvalued
 16.31 16.86 14.67
+0.47 σ
+0.41 σ
+1.16 σ
 +12.35% 07 Aug
EWN Netherlands 16.80
Fair
Fair
Overvalued
 18.58 16.76 14.15
-0.62 σ
+0.02 σ
+1.15 σ
 +7.15% 07 Aug
VNM Vietnam 16.74
Fair
-
-
 15.82 - -
+0.30 σ
-
-
 +33.45% 07 Aug
EWT Taiwan 16.55
Fair
Overvalued
Overvalued
 15.86 14.56 13.84
+0.32 σ
+1.15 σ
+1.77 σ
 +13.78% 07 Aug
EWH Hong Kong 16.29
Fair
Overvalued
Overvalued
 15.34 15.05 15.16
+0.96 σ
+1.45 σ
+1.21 σ
 +17.10% 07 Aug
EWJ Japan 16.14
Fair
Overvalued
Overvalued
 14.90 14.07 14.43
+0.83 σ
+1.67 σ
+1.08 σ
 +9.26% 07 Aug
EDEN Denmark 15.96
Fair
Fair
Fair
 18.05 18.39 16.54
-0.53 σ
-0.98 σ
-0.31 σ
 -2.87% 07 Aug
EWS Singapore 15.13
Overvalued
Expensive
Expensive
 13.46 13.02 13.34
+1.41 σ
+2.13 σ
+2.02 σ
 +13.99% 07 Aug
THD Thailand 14.81
Undervalued
Undervalued
Fair
 18.45 17.80 15.71
-1.58 σ
-1.52 σ
-0.35 σ
 +2.61% 07 Aug
EWM Malaysia 14.55
Fair
Fair
Fair
 14.35 15.05 14.64
+0.25 σ
-0.65 σ
-0.11 σ
 +1.50% 07 Aug
ARGT Argentina 14.31
Overvalued
Overvalued
Overvalued
 12.08 12.06 10.52
+1.40 σ
+1.80 σ
+1.61 σ
 +2.44% 07 Aug
EIRL Ireland 14.15
Fair
Fair
Fair
 16.05 15.70 16.12
-0.70 σ
-0.85 σ
-0.80 σ
 +7.35% 07 Aug
EIS Israel 13.95
Overvalued
Expensive
Overvalued
 11.67 11.17 10.97
+1.28 σ
+2.45 σ
+1.98 σ
 +10.51% 07 Aug
EPOL Poland 13.62
Overvalued
Overvalued
Overvalued
 10.11 10.98 11.48
+1.70 σ
+2.00 σ
+1.71 σ
 +25.43% 07 Aug
EWW Mexico 13.34
Fair
Fair
Fair
 12.58 13.92 14.24
+0.81 σ
-0.34 σ
-0.51 σ
 +13.93% 07 Aug
EWI Italy 12.98
Overvalued
Overvalued
Overvalued
 10.62 11.42 11.16
+1.33 σ
+1.05 σ
+1.16 σ
 +18.84% 07 Aug
NORW Norway 12.95
Fair
Fair
Fair
 10.96 12.51 11.53
+0.90 σ
+0.25 σ
+0.91 σ
 +9.30% 07 Aug
EZA South Africa 12.91
Expensive
Fair
Fair
 10.37 12.18 11.82
+2.02 σ
+0.38 σ
+0.68 σ
 +16.63% 07 Aug
ECH Chile 12.69
Fair
Fair
Undervalued
 10.30 13.10 14.63
+0.88 σ
-0.15 σ
-1.06 σ
 +7.01% 07 Aug
EPU Perù 12.52
Fair
Fair
Fair
 12.29 12.61 12.36
+0.11 σ
-0.06 σ
+0.11 σ
 +14.88% 07 Aug
EWP Spain 12.39
Fair
Fair
Fair
 11.41 11.82 11.53
+0.67 σ
+0.48 σ
+0.58 σ
 +23.78% 07 Aug
QAT Qatar 12.13
Fair
-
-
 13.48 - -
-0.61 σ
-
-
 +8.99% 07 Aug
EWO Austria 12.12
Expensive
Overvalued
Overvalued
 8.26 9.54 9.93
+2.13 σ
+1.49 σ
+1.38 σ
 +24.43% 07 Aug
EIDO Indonesia 11.39
Undervalued
Cheap
Undervalued
 13.32 14.26 13.61
-1.26 σ
-2.09 σ
-1.73 σ
 -2.65% 07 Aug
TUR Turkey 11.23
Expensive
Expensive
Expensive
 5.51 6.40 7.94
+6.05 σ
+4.17 σ
+2.04 σ
 +2.13% 07 Aug
EWZ Brazil 11.06
Expensive
Fair
Fair
 7.99 9.96 9.86
+2.33 σ
+0.59 σ
+0.80 σ
 +6.87% 07 Aug
GREK Greece 10.98
Fair
Fair
Fair
 9.67 11.18 11.10
+0.61 σ
-0.10 σ
-0.05 σ
 +35.94% 07 Aug
EWY South Korea 10.61
Fair
Fair
Fair
 10.46 10.06 9.83
+0.14 σ
+0.57 σ
+0.88 σ
 +23.24% 07 Aug
FXI China 10.48
Fair
Fair
Fair
 10.76 11.06 11.02
-0.14 σ
-0.40 σ
-0.32 σ
 +11.02% 07 Aug
EPHE Philippines 10.46
Undervalued
Cheap
Cheap
 13.65 15.43 15.28
-1.25 σ
-2.18 σ
-2.33 σ
 +1.88% 07 Aug
GXG Colombia 10.10
Overvalued
Fair
Fair
 7.42 9.63 12.70
+1.43 σ
+0.20 σ
-0.88 σ
 +14.25% 06 Aug
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).