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 29.45
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.56 σ
+0.54 σ
+1.51 σ
 -0.19% 12:42 PM
VTI United States 26.93
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.86 σ
+2.56 σ
+3.64 σ
 +6.22% 01:00 PM
EWL Switzerland 24.11
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+2.00 σ
+3.41 σ
+3.83 σ
 +13.52% 12:59 PM
INDA India 23.84
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.61 σ
+1.29 σ
+2.08 σ
 -0.59% 12:59 PM
EWA Australia 22.65
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.32 σ
+3.60 σ
+4.83 σ
 +10.85% 12:59 PM
EWT Taiwan 22.24
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.70 σ
+4.13 σ
+4.99 σ
 +19.03% 01:00 PM
EWU United Kingdom 20.76
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.78 σ
+4.32 σ
+5.25 σ
 +13.95% 12:59 PM
EWC Canada 20.69
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.06 σ
+3.61 σ
+5.27 σ
 +14.10% 01:00 PM
EWK Belgium 20.45
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.59 σ
+1.83 σ
+2.15 σ
 +17.82% 12:34 PM
EWH Hong Kong 20.15
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.06 σ
+5.34 σ
+4.95 σ
 +11.89% 01:00 PM
EWQ France 19.64
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.63 σ
+2.50 σ
+3.07 σ
 +7.60% 12:59 PM
EWY South Korea 19.56
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+7.94 σ
+8.88 σ
+10.31 σ
 +58.14% 01:00 PM
EWN Netherlands 19.33
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.49 σ
+1.24 σ
+2.12 σ
 +11.93% 12:49 PM
EWD Sweden 18.74
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.98 σ
+1.71 σ
+2.49 σ
 +13.11% 12:54 PM
EWG Germany 18.61
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.08 σ
+3.39 σ
+4.69 σ
 +5.70% 12:58 PM
EIS Israel 18.33
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.35 σ
+5.53 σ
+4.81 σ
 +23.09% 12:49 PM
EWJ Japan 18.11
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.29 σ
+2.78 σ
+2.33 σ
 +15.42% 01:00 PM
VNM Vietnam 17.57
Fair
-
-
 15.64 - -
+0.70 σ
-
-
 +11.45% 12:57 PM
EWS Singapore 17.22
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.57 σ
+3.88 σ
+4.08 σ
 +4.95% 01:00 PM
EZA South Africa 16.79
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.75 σ
+2.41 σ
+2.95 σ
 +22.58% 12:58 PM
EPU Perù 16.74
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.39 σ
+2.80 σ
+3.08 σ
 +43.73% 12:57 PM
EWM Malaysia 16.22
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.49 σ
+1.51 σ
+1.93 σ
 +15.01% 12:58 PM
THD Thailand 16.08
Fair
Fair
Fair
 17.57 17.52 15.81
-0.66 σ
-0.71 σ
+0.11 σ
 +22.47% 12:58 PM
TUR Turkey 15.99
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.85 σ
+8.03 σ
+4.97 σ
 +24.14% 12:59 PM
ARGT Argentina 15.95
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.78 σ
+2.72 σ
+2.13 σ
 +6.19% 01:00 PM
EDEN Denmark 15.95
Fair
Fair
Fair
 16.80 18.18 16.55
-0.27 σ
-0.85 σ
-0.32 σ
 +2.23% 10:36 AM
EWO Austria 15.66
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.76 σ
+3.35 σ
+3.56 σ
 +22.55% 12:53 PM
ECH Chile 15.18
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.04 σ
+0.73 σ
+0.33 σ
 +23.54% 12:59 PM
NORW Norway 15.14
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.25 σ
+1.38 σ
+2.24 σ
 +18.38% 12:39 PM
EWP Spain 14.65
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.70 σ
+2.28 σ
+2.06 σ
 +16.73% 12:59 PM
EIRL Ireland 14.31
Fair
Fair
Fair
 15.22 15.60 16.16
-0.44 σ
-0.69 σ
-0.76 σ
 +6.33% 11:09 AM
EWW Mexico 14.06
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.70 σ
+0.24 σ
-0.12 σ
 +23.04% 01:00 PM
EWI Italy 13.86
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.83 σ
+1.67 σ
+1.71 σ
 +10.41% 12:47 PM
EPOL Poland 13.45
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.59 σ
+1.79 σ
+1.63 σ
 +13.76% 12:57 PM
EWZ Brazil 12.79
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.85 σ
+1.49 σ
+1.95 σ
 +24.90% 12:59 PM
QAT Qatar 12.77
Fair
-
-
 13.10 - -
-0.16 σ
-
-
 +4.55% 11:09 AM
EIDO Indonesia 12.71
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.17 σ
-1.04 σ
-0.77 σ
 -1.14% 12:58 PM
FXI China 11.05
Fair
Fair
Fair
 10.28 11.16 11.03
+0.61 σ
-0.08 σ
+0.01 σ
 +0.74% 12:59 PM
GREK Greece 10.64
Fair
Fair
Fair
 9.51 11.34 10.99
+0.57 σ
-0.36 σ
-0.16 σ
 +15.13% 12:52 PM
EPHE Philippines 9.68
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.22 σ
-2.07 σ
-2.56 σ
 +3.36% 12:41 PM
COLO Colombia 9.28
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.29 σ
-0.09 σ
-1.10 σ
 +21.97% 12:58 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).