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
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 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 30.76 |
Fair
|
Fair
|
Overvalued
|
27.18 | 27.23 | 21.17 |
+0.89 σ
|
+0.87 σ
|
+1.74 σ
|
+5.04% | 03:40 PM |
|
|
VTI | United States | 27.06 |
Overvalued
|
Expensive
|
Expensive
|
22.49 | 19.87 | 16.67 |
+1.91 σ
|
+2.60 σ
|
+3.69 σ
|
+7.16% | 03:59 PM |
|
|
INDA | India | 23.92 |
Fair
|
Overvalued
|
Expensive
|
23.08 | 20.66 | 17.99 |
+0.67 σ
|
+1.32 σ
|
+2.11 σ
|
-0.29% | 03:59 PM |
|
|
EWL | Switzerland | 23.71 |
Overvalued
|
Expensive
|
Expensive
|
19.61 | 18.17 | 15.81 |
+1.82 σ
|
+3.18 σ
|
+3.65 σ
|
+12.05% | 03:59 PM |
|
|
EWA | Australia | 22.53 |
Expensive
|
Expensive
|
Expensive
|
17.14 | 16.47 | 14.83 |
+2.27 σ
|
+3.53 σ
|
+4.76 σ
|
+10.67% | 03:59 PM |
|
|
EWT | Taiwan | 22.20 |
Expensive
|
Expensive
|
Expensive
|
16.00 | 14.95 | 14.02 |
+2.69 σ
|
+4.11 σ
|
+4.97 σ
|
+19.86% | 03:59 PM |
|
|
EWC | Canada | 20.66 |
Expensive
|
Expensive
|
Expensive
|
15.73 | 15.26 | 14.40 |
+2.05 σ
|
+3.59 σ
|
+5.25 σ
|
+14.56% | 03:59 PM |
|
|
EWU | United Kingdom | 20.56 |
Expensive
|
Expensive
|
Expensive
|
13.14 | 13.35 | 12.31 |
+2.70 σ
|
+4.20 σ
|
+5.12 σ
|
+13.35% | 03:59 PM |
|
|
EWH | Hong Kong | 20.23 |
Expensive
|
Expensive
|
Expensive
|
15.46 | 15.24 | 15.22 |
+4.13 σ
|
+5.44 σ
|
+5.04 σ
|
+13.04% | 03:59 PM |
|
|
EWK | Belgium | 20.20 |
Overvalued
|
Overvalued
|
Expensive
|
16.15 | 16.88 | 14.85 |
+1.50 σ
|
+1.71 σ
|
+2.06 σ
|
+17.05% | 03:19 PM |
|
|
EWQ | France | 19.60 |
Overvalued
|
Expensive
|
Expensive
|
16.52 | 15.37 | 13.37 |
+1.61 σ
|
+2.48 σ
|
+3.05 σ
|
+7.70% | 03:59 PM |
|
|
EWN | Netherlands | 19.37 |
Fair
|
Overvalued
|
Expensive
|
18.03 | 16.91 | 14.31 |
+0.51 σ
|
+1.26 σ
|
+2.14 σ
|
+12.73% | 03:58 PM |
|
|
EWY | South Korea | 19.08 |
Expensive
|
Expensive
|
Expensive
|
10.45 | 10.19 | 9.90 |
+7.52 σ
|
+8.43 σ
|
+9.80 σ
|
+57.12% | 03:59 PM |
|
|
EWD | Sweden | 19.04 |
Overvalued
|
Overvalued
|
Expensive
|
16.45 | 16.09 | 14.86 |
+1.11 σ
|
+1.90 σ
|
+2.68 σ
|
+15.36% | 03:55 PM |
|
|
EWJ | Japan | 18.55 |
Expensive
|
Expensive
|
Expensive
|
14.84 | 14.24 | 14.43 |
+2.59 σ
|
+3.10 σ
|
+2.61 σ
|
+18.81% | 03:59 PM |
|
|
EWG | Germany | 18.51 |
Expensive
|
Expensive
|
Expensive
|
14.14 | 13.61 | 12.45 |
+2.04 σ
|
+3.32 σ
|
+4.62 σ
|
+5.39% | 03:59 PM |
|
|
EIS | Israel | 18.41 |
Expensive
|
Expensive
|
Expensive
|
11.88 | 11.32 | 10.98 |
+3.40 σ
|
+5.60 σ
|
+4.87 σ
|
+24.79% | 03:59 PM |
|
|
VNM | Vietnam | 17.48 |
Fair
|
-
|
-
|
15.64 | - | - |
+0.67 σ
|
-
|
-
|
+11.79% | 03:59 PM |
|
|
EPU | Perù | 17.40 |
Expensive
|
Expensive
|
Expensive
|
12.09 | 12.78 | 12.31 |
+2.73 σ
|
+3.26 σ
|
+3.53 σ
|
+51.43% | 03:58 PM |
|
|
EWS | Singapore | 17.29 |
Expensive
|
Expensive
|
Expensive
|
13.65 | 13.24 | 13.38 |
+2.62 σ
|
+3.95 σ
|
+4.16 σ
|
+5.71% | 03:58 PM |
|
|
EZA | South Africa | 16.95 |
Expensive
|
Expensive
|
Expensive
|
10.62 | 12.12 | 11.90 |
+3.85 σ
|
+2.49 σ
|
+3.05 σ
|
+24.83% | 03:59 PM |
|
|
ARGT | Argentina | 16.76 |
Expensive
|
Expensive
|
Expensive
|
12.57 | 12.44 | 10.66 |
+2.20 σ
|
+3.34 σ
|
+2.46 σ
|
+11.68% | 03:59 PM |
|
|
EWM | Malaysia | 16.36 |
Expensive
|
Overvalued
|
Expensive
|
14.33 | 15.08 | 14.70 |
+2.68 σ
|
+1.70 σ
|
+2.10 σ
|
+16.52% | 03:59 PM |
|
|
EDEN | Denmark | 16.21 |
Fair
|
Fair
|
Fair
|
16.80 | 18.18 | 16.55 |
-0.19 σ
|
-0.75 σ
|
-0.18 σ
|
+4.05% | 03:01 PM |
|
|
ECH | Chile | 15.83 |
Expensive
|
Fair
|
Fair
|
10.14 | 13.16 | 14.57 |
+2.31 σ
|
+0.97 σ
|
+0.69 σ
|
+29.70% | 03:59 PM |
|
|
EWO | Austria | 15.79 |
Expensive
|
Expensive
|
Expensive
|
8.35 | 9.61 | 9.95 |
+3.82 σ
|
+3.42 σ
|
+3.64 σ
|
+24.47% | 03:52 PM |
|
|
THD | Thailand | 15.58 |
Fair
|
Fair
|
Fair
|
17.57 | 17.52 | 15.81 |
-0.88 σ
|
-0.96 σ
|
-0.09 σ
|
+19.36% | 03:59 PM |
|
|
TUR | Turkey | 15.49 |
Expensive
|
Expensive
|
Expensive
|
5.96 | 6.42 | 7.94 |
+5.56 σ
|
+7.61 σ
|
+4.67 σ
|
+21.09% | 03:59 PM |
|
|
NORW | Norway | 14.92 |
Expensive
|
Overvalued
|
Expensive
|
10.79 | 12.62 | 11.57 |
+2.14 σ
|
+1.26 σ
|
+2.10 σ
|
+17.26% | 03:37 PM |
|
|
EIRL | Ireland | 14.68 |
Fair
|
Fair
|
Fair
|
15.22 | 15.60 | 16.16 |
-0.26 σ
|
-0.50 σ
|
-0.61 σ
|
+9.44% | 03:17 PM |
|
|
EWP | Spain | 14.63 |
Expensive
|
Expensive
|
Expensive
|
11.29 | 11.86 | 11.55 |
+2.68 σ
|
+2.27 σ
|
+2.05 σ
|
+17.34% | 03:59 PM |
|
|
EWW | Mexico | 14.05 |
Overvalued
|
Fair
|
Fair
|
12.53 | 13.71 | 14.27 |
+1.69 σ
|
+0.23 σ
|
-0.13 σ
|
+23.84% | 03:59 PM |
|
|
EWI | Italy | 13.98 |
Overvalued
|
Overvalued
|
Overvalued
|
10.61 | 11.41 | 11.16 |
+1.90 σ
|
+1.75 σ
|
+1.78 σ
|
+11.90% | 03:59 PM |
|
|
EPOL | Poland | 13.65 |
Overvalued
|
Overvalued
|
Overvalued
|
10.15 | 11.03 | 11.45 |
+1.69 σ
|
+1.93 σ
|
+1.80 σ
|
+16.00% | 03:59 PM |
|
|
EWZ | Brazil | 13.12 |
Expensive
|
Overvalued
|
Expensive
|
7.96 | 10.01 | 9.97 |
+4.11 σ
|
+1.66 σ
|
+2.18 σ
|
+29.05% | 03:59 PM |
|
|
EIDO | Indonesia | 12.83 |
Fair
|
Fair
|
Fair
|
12.95 | 14.19 | 13.65 |
-0.09 σ
|
-0.96 σ
|
-0.68 σ
|
-0.19% | 03:59 PM |
|
|
QAT | Qatar | 12.76 |
Fair
|
-
|
-
|
13.10 | - | - |
-0.17 σ
|
-
|
-
|
+4.63% | 03:57 PM |
|
|
FXI | China | 11.22 |
Fair
|
Fair
|
Fair
|
10.28 | 11.16 | 11.03 |
+0.74 σ
|
+0.04 σ
|
+0.11 σ
|
+2.53% | 03:59 PM |
|
|
GREK | Greece | 10.77 |
Fair
|
Fair
|
Fair
|
9.51 | 11.34 | 10.99 |
+0.64 σ
|
-0.29 σ
|
-0.10 σ
|
+17.40% | 03:57 PM |
|
|
EPHE | Philippines | 9.80 |
Undervalued
|
Cheap
|
Cheap
|
12.79 | 14.98 | 15.22 |
-1.17 σ
|
-2.03 σ
|
-2.50 σ
|
+4.65% | 03:59 PM |
|
|
COLO | Colombia | 9.35 |
Overvalued
|
Fair
|
Undervalued
|
7.25 | 9.49 | 12.45 |
+1.34 σ
|
-0.06 σ
|
-1.08 σ
|
+23.88% | 03:59 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).