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)
EWT Taiwan 29.27
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.79 σ
+7.42 σ
+8.45 σ
 +29.12% 21 Jul
ENZL New Zealand 27.19
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.07 σ
-0.07 σ
+1.03 σ
 +2.70% 21 Jul
VTI United States 26.58
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.38 σ
+2.10 σ
+3.19 σ
 +7.44% 21 Jul
EWL Switzerland 24.42
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.76 σ
+3.03 σ
+3.65 σ
 +4.03% 21 Jul
INDA India 22.30
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.65 σ
+0.59 σ
+1.45 σ
 -4.63% 21 Jul
EWN Netherlands 21.20
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.17 σ
+2.10 σ
+2.75 σ
 +10.11% 21 Jul
EWA Australia 21.19
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.44 σ
+2.36 σ
+3.51 σ
 +2.87% 21 Jul
EWC Canada 21.09
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.83 σ
+3.23 σ
+5.17 σ
 +6.81% 21 Jul
EWY South Korea 18.91
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.87 σ
+6.94 σ
+8.95 σ
 +28.98% 21 Jul
EWJ Japan 18.69
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.52 σ
+2.82 σ
+2.68 σ
 +6.68% 21 Jul
EWQ France 18.65
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.04 σ
+1.72 σ
+2.39 σ
 +0.28% 21 Jul
EWU United Kingdom 17.68
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.27 σ
+2.19 σ
+3.11 σ
 +3.25% 21 Jul
EWS Singapore 17.61
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.33 σ
+3.77 σ
+4.27 σ
 +10.22% 21 Jul
EWG Germany 17.52
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.30 σ
+2.18 σ
+3.51 σ
 -1.37% 21 Jul
EWH Hong Kong 17.40
Overvalued
Expensive
Expensive
 15.47 15.41 15.26
+1.66 σ
+2.01 σ
+2.05 σ
 -1.00% 21 Jul
EWK Belgium 17.30
Fair
Fair
Fair
 16.07 16.87 15.03
+0.47 σ
+0.22 σ
+0.87 σ
 +4.18% 21 Jul
EIRL Ireland 16.61
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.73 σ
+0.58 σ
+0.17 σ
 +8.74% 21 Jul
EIS Israel 16.50
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.07 σ
+3.63 σ
+3.61 σ
 +2.68% 21 Jul
EWD Sweden 16.45
Fair
Fair
Fair
 16.17 16.22 14.93
+0.13 σ
+0.15 σ
+0.96 σ
 -0.35% 21 Jul
EDEN Denmark 16.23
Fair
Fair
Fair
 16.04 18.01 16.57
+0.09 σ
-0.66 σ
-0.19 σ
 +2.95% 21 Jul
THD Thailand 15.82
Fair
Fair
Fair
 17.03 17.31 15.94
-0.64 σ
-0.77 σ
-0.05 σ
 +11.06% 21 Jul
EWP Spain 15.65
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.51 σ
+2.68 σ
+2.59 σ
 +8.57% 21 Jul
ARGT Argentina 15.62
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.23 σ
+2.08 σ
+1.86 σ
 +4.47% 21 Jul
TUR Turkey 15.58
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.20 σ
+6.81 σ
+4.64 σ
 +3.94% 21 Jul
EWI Italy 15.09
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.46 σ
+2.35 σ
+2.43 σ
 +8.91% 21 Jul
EPU Perù 14.79
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.29 σ
+1.31 σ
+1.71 σ
 +11.84% 21 Jul
VNM Vietnam 14.53
Fair
Fair
-
 15.18 16.84 -
-0.31 σ
-0.83 σ
-
 -7.61% 21 Jul
NORW Norway 14.37
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.86 σ
+0.90 σ
+1.65 σ
 +1.22% 21 Jul
EWO Austria 14.26
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.48 σ
+2.41 σ
+2.67 σ
 +15.77% 21 Jul
EPOL Poland 13.85
Overvalued
Expensive
Overvalued
 10.11 11.06 11.46
+1.84 σ
+2.00 σ
+1.95 σ
 +12.21% 21 Jul
EWM Malaysia 13.34
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.39 σ
-2.26 σ
-1.81 σ
 -0.04% 21 Jul
ECH Chile 12.66
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.08 σ
-0.17 σ
-1.03 σ
 -1.37% 21 Jul
EWW Mexico 12.56
Fair
Fair
Fair
 12.46 13.54 14.27
+0.11 σ
-0.73 σ
-0.99 σ
 +2.97% 21 Jul
GREK Greece 11.83
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.41 σ
+0.25 σ
+0.42 σ
 +11.31% 21 Jul
COLO Colombia 11.82
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+3.03 σ
+1.10 σ
-0.18 σ
 +16.95% 21 Jul
EWZ Brazil 11.44
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.30 σ
+0.70 σ
+0.93 σ
 +1.30% 21 Jul
QAT Qatar 11.35
Fair
Undervalued
-
 12.55 13.36 -
-0.71 σ
-1.51 σ
-
 -6.69% 21 Jul
EIDO Indonesia 9.49
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.61 σ
-3.00 σ
-3.44 σ
 -21.87% 21 Jul
EZA South Africa 9.10
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.89 σ
-1.46 σ
-1.64 σ
 -9.33% 21 Jul
FXI China 9.07
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.01 σ
-1.52 σ
-1.13 σ
 -7.62% 21 Jul
EPHE Philippines 8.61
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.46 σ
-2.20 σ
-2.91 σ
 +1.97% 21 Jul
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).