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
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 28.38
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+3.72 σ
+6.33 σ
+7.50 σ
 +26.45% 09:30 AM
ENZL New Zealand 25.66
Fair
Fair
Fair
 26.77 27.54 21.73
-0.29 σ
-0.47 σ
+0.72 σ
 -1.99% 09:30 AM
VTI United States 24.30
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.44 σ
+1.23 σ
+2.30 σ
 +6.96% 09:30 AM
EWL Switzerland 24.18
Overvalued
Expensive
Expensive
 20.31 18.70 16.10
+1.48 σ
+2.61 σ
+3.35 σ
 -3.46% 09:30 AM
INDA India 21.74
Undervalued
Fair
Overvalued
 23.05 21.03 18.19
-1.02 σ
+0.31 σ
+1.21 σ
 -6.55% 09:30 AM
EWA Australia 20.63
Overvalued
Overvalued
Expensive
 17.72 16.86 15.06
+1.08 σ
+1.89 σ
+3.00 σ
 -0.13% 09:30 AM
EWC Canada 19.31
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.02 σ
+2.02 σ
+3.52 σ
 +2.72% 09:30 AM
EWN Netherlands 18.81
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.91 σ
+0.78 σ
+1.69 σ
 +2.18% 09:30 AM
EWS Singapore 18.75
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.65 σ
+4.36 σ
+5.19 σ
 +4.68% 09:30 AM
EWG Germany 17.77
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.24 σ
+2.09 σ
+3.47 σ
 -3.27% 09:30 AM
EWQ France 17.00
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.17 σ
+0.72 σ
+1.55 σ
 -8.93% 09:30 AM
EWU United Kingdom 16.67
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.84 σ
+1.61 σ
+2.40 σ
 -0.15% 09:30 AM
EIS Israel 16.54
Overvalued
Expensive
Expensive
 12.29 11.63 11.00
+1.75 σ
+3.34 σ
+3.54 σ
 -4.90% 09:30 AM
EDEN Denmark 16.23
Fair
Fair
Fair
 15.79 17.93 16.60
+0.22 σ
-0.63 σ
-0.20 σ
 -2.46% 09:30 AM
EWP Spain 15.99
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.42 σ
+2.68 σ
+2.71 σ
 +0.59% 09:30 AM
EIRL Ireland 15.85
Overvalued
Fair
Fair
 14.51 15.52 16.24
+1.58 σ
+0.18 σ
-0.17 σ
 +3.08% 09:30 AM
EWJ Japan 15.27
Fair
Fair
Fair
 15.04 14.64 14.45
+0.14 σ
+0.40 σ
+0.51 σ
 +7.04% 09:30 AM
EWD Sweden 14.74
Fair
Fair
Fair
 15.96 16.22 14.98
-0.59 σ
-0.95 σ
-0.15 σ
 -1.89% 09:30 AM
THD Thailand 14.61
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.17 σ
-1.35 σ
-0.60 σ
 +1.95% 09:30 AM
EWI Italy 14.45
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.92 σ
+1.81 σ
+1.98 σ
 -3.27% 09:30 AM
EWK Belgium 14.39
Fair
Undervalued
Fair
 15.88 16.76 15.10
-0.59 σ
-1.24 σ
-0.27 σ
 -3.90% 09:30 AM
ARGT Argentina 14.07
Fair
Fair
Overvalued
 13.20 12.87 10.85
+0.39 σ
+0.84 σ
+1.25 σ
 -3.65% 09:30 AM
EWO Austria 13.91
Overvalued
Expensive
Expensive
 8.74 9.80 9.97
+2.00 σ
+2.07 σ
+2.41 σ
 +1.13% 09:30 AM
VNM Vietnam 13.56
Fair
Undervalued
-
 14.89 16.92 -
-0.70 σ
-1.25 σ
-
 -8.41% 09:30 AM
EPOL Poland 13.36
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.56 σ
+1.58 σ
+1.51 σ
 +10.37% 09:30 AM
NORW Norway 13.18
Overvalued
Fair
Fair
 10.76 12.67 11.69
+1.29 σ
+0.28 σ
+0.90 σ
 +0.33% 09:30 AM
EWH Hong Kong 13.08
Undervalued
Cheap
Cheap
 15.44 15.44 15.27
-1.89 σ
-2.24 σ
-2.04 σ
 -3.50% 09:30 AM
EWM Malaysia 12.91
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.86 σ
-2.57 σ
-2.39 σ
 -5.67% 09:30 AM
EWW Mexico 12.46
Fair
Fair
Undervalued
 12.35 13.41 14.25
+0.16 σ
-0.75 σ
-1.03 σ
 -3.49% 09:30 AM
GREK Greece 12.45
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.78 σ
+0.58 σ
+0.72 σ
 +8.20% 09:30 AM
ECH Chile 12.37
Overvalued
Fair
Undervalued
 10.03 13.05 14.45
+1.01 σ
-0.25 σ
-1.15 σ
 -8.10% 09:30 AM
TUR Turkey 11.65
Overvalued
Expensive
Expensive
 7.26 6.60 7.99
+1.39 σ
+3.18 σ
+2.19 σ
 -13.97% 09:30 AM
EWZ Brazil 10.97
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.62 σ
+0.47 σ
+0.58 σ
 +18.52% 09:30 AM
EZA South Africa 10.62
Fair
Fair
Fair
 10.68 11.80 11.88
-0.03 σ
-0.60 σ
-0.73 σ
 -7.64% 09:30 AM
QAT Qatar 10.40
Undervalued
Cheap
-
 12.20 13.29 -
-1.30 σ
-2.09 σ
-
 -14.13% 09:30 AM
COLO Colombia 10.10
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.71 σ
+0.31 σ
-0.77 σ
 +13.22% 09:30 AM
FXI China 9.43
Fair
Undervalued
Fair
 9.82 11.08 10.94
-0.51 σ
-1.18 σ
-0.89 σ
 -5.48% 09:30 AM
EWY South Korea 9.38
Fair
Fair
Fair
 10.84 10.40 9.98
-0.77 σ
-0.77 σ
-0.59 σ
 +7.05% 09:30 AM
EPU Perù 9.16
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.54 σ
-2.43 σ
-2.31 σ
 +5.98% 09:30 AM
EIDO Indonesia 8.80
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-3.15 σ
-3.29 σ
-3.98 σ
 -19.94% 09:30 AM
EPHE Philippines 7.77
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.81 σ
-2.36 σ
-3.18 σ
 -8.69% 09:30 AM
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).