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 29.14
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.49 σ
+7.15 σ
+8.23 σ
 +32.07% 14 Aug
VTI United States 27.43
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.64 σ
+2.33 σ
+3.41 σ
 +10.34% 14 Aug
ENZL New Zealand 26.81
Fair
Fair
Fair
 26.88 27.50 21.60
-0.02 σ
-0.17 σ
+0.95 σ
 +4.08% 14 Aug
EWL Switzerland 25.43
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.09 σ
+3.42 σ
+4.01 σ
 +4.03% 14 Aug
INDA India 22.60
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.42 σ
+0.70 σ
+1.54 σ
 -1.49% 14 Aug
EWN Netherlands 21.43
Expensive
Expensive
Expensive
 17.47 17.18 14.52
+2.36 σ
+2.17 σ
+2.81 σ
 +14.37% 14 Aug
EWA Australia 20.87
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.25 σ
+2.12 σ
+3.26 σ
 +5.49% 14 Aug
EWC Canada 20.80
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.65 σ
+2.96 σ
+4.85 σ
 +10.81% 14 Aug
EWJ Japan 19.34
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.85 σ
+3.18 σ
+3.07 σ
 +11.54% 14 Aug
EWS Singapore 19.30
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.24 σ
+5.14 σ
+5.89 σ
 +15.97% 14 Aug
EWQ France 18.19
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.77 σ
+1.41 σ
+2.14 σ
 +4.89% 14 Aug
EWG Germany 17.96
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.42 σ
+2.35 σ
+3.75 σ
 +5.14% 14 Aug
EWH Hong Kong 17.61
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.79 σ
+2.14 σ
+2.22 σ
 -1.16% 14 Aug
EIS Israel 17.49
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.41 σ
+4.23 σ
+4.21 σ
 +4.42% 14 Aug
EIRL Ireland 17.39
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.92 σ
+0.99 σ
+0.49 σ
 +12.05% 14 Aug
EWY South Korea 17.16
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.93 σ
+5.32 σ
+7.10 σ
 +27.33% 14 Aug
EDEN Denmark 16.78
Fair
Fair
Fair
 15.95 17.97 16.58
+0.38 σ
-0.44 σ
+0.11 σ
 +4.73% 14 Aug
EWP Spain 16.09
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.76 σ
+2.90 σ
+2.83 σ
 +12.50% 14 Aug
EWU United Kingdom 15.60
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.57 σ
+1.07 σ
+1.85 σ
 +5.34% 14 Aug
ARGT Argentina 15.49
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.11 σ
+1.93 σ
+1.78 σ
 -1.45% 14 Aug
EWK Belgium 15.38
Fair
Fair
Fair
 16.04 16.85 15.06
-0.25 σ
-0.76 σ
+0.12 σ
 +3.81% 14 Aug
EWI Italy 15.28
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.51 σ
+2.43 σ
+2.53 σ
 +11.91% 14 Aug
TUR Turkey 15.02
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.75 σ
+6.12 σ
+4.26 σ
 +2.78% 14 Aug
EPOL Poland 14.76
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.28 σ
+2.62 σ
+2.67 σ
 +17.84% 14 Aug
EWD Sweden 14.47
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.80 σ
-1.15 σ
-0.31 σ
 +4.45% 14 Aug
THD Thailand 14.27
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.45 σ
-1.58 σ
-0.73 σ
 +8.06% 14 Aug
VNM Vietnam 14.12
Fair
Undervalued
-
 15.09 16.87 -
-0.47 σ
-1.01 σ
-
 -5.70% 14 Aug
EPU Perù 13.72
Fair
Fair
Fair
 12.23 12.88 12.38
+0.73 σ
+0.57 σ
+0.95 σ
 +10.63% 14 Aug
EWM Malaysia 13.40
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.29 σ
-2.10 σ
-1.74 σ
 -0.55% 14 Aug
EWO Austria 13.33
Overvalued
Overvalued
Expensive
 8.61 9.74 9.96
+1.93 σ
+1.86 σ
+2.08 σ
 +17.20% 14 Aug
NORW Norway 13.24
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.26 σ
+0.30 σ
+0.95 σ
 +7.67% 14 Aug
ECH Chile 12.10
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.86 σ
-0.37 σ
-1.33 σ
 -0.68% 14 Aug
EWW Mexico 11.85
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.73 σ
-1.26 σ
-1.40 σ
 +0.54% 14 Aug
COLO Colombia 11.42
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.67 σ
+0.91 σ
-0.31 σ
 +21.44% 14 Aug
GREK Greece 11.38
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.14 σ
+0.02 σ
+0.21 σ
 +17.14% 14 Aug
EWZ Brazil 11.06
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.88 σ
+0.50 σ
+0.66 σ
 -4.89% 14 Aug
QAT Qatar 10.98
Fair
Undervalued
-
 12.43 13.34 -
-0.91 σ
-1.75 σ
-
 -5.97% 14 Aug
FXI China 9.54
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.45 σ
-1.16 σ
-0.84 σ
 -5.87% 14 Aug
EIDO Indonesia 9.53
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.59 σ
-2.93 σ
-3.41 σ
 -20.21% 14 Aug
EZA South Africa 8.77
Undervalued
Undervalued
Undervalued
 10.70 11.92 11.90
-1.06 σ
-1.61 σ
-1.83 σ
 -1.70% 14 Aug
EPHE Philippines 8.54
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.48 σ
-2.17 σ
-2.92 σ
 +1.60% 14 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).