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)
VTI United States 26.54
Overvalued
Expensive
Expensive
 22.82 20.25 16.85
+1.43 σ
+2.15 σ
+3.25 σ
 +9.04% 18 Jun
EWT Taiwan 26.50
Expensive
Expensive
Expensive
 16.20 15.23 14.16
+4.00 σ
+6.08 σ
+7.03 σ
 +49.49% 18 Jun
ENZL New Zealand 25.46
Fair
Fair
Fair
 26.97 27.44 21.47
-0.39 σ
-0.49 σ
+0.72 σ
 -1.28% 18 Jun
INDA India 23.52
Fair
Overvalued
Overvalued
 23.10 20.83 18.05
+0.33 σ
+1.12 σ
+1.90 σ
 -3.82% 18 Jun
EWL Switzerland 22.80
Overvalued
Expensive
Expensive
 19.97 18.44 15.94
+1.16 σ
+2.30 σ
+3.00 σ
 +3.15% 18 Jun
EWY South Korea 22.41
Expensive
Expensive
Expensive
 10.54 10.30 9.94
+9.04 σ
+10.14 σ
+12.61 σ
 +78.35% 18 Jun
EWA Australia 20.37
Overvalued
Overvalued
Expensive
 17.40 16.69 14.92
+1.16 σ
+1.98 σ
+3.11 σ
 +2.94% 18 Jun
EWN Netherlands 19.93
Overvalued
Overvalued
Expensive
 17.57 17.07 14.43
+1.24 σ
+1.48 σ
+2.26 σ
 +17.17% 18 Jun
EWJ Japan 19.54
Expensive
Expensive
Expensive
 14.87 14.45 14.43
+3.18 σ
+3.48 σ
+3.25 σ
 +12.45% 18 Jun
EWC Canada 18.96
Overvalued
Expensive
Expensive
 16.08 15.41 14.45
+1.08 σ
+2.06 σ
+3.57 σ
 +6.36% 18 Jun
EWK Belgium 18.25
Fair
Fair
Overvalued
 16.09 16.87 14.99
+0.82 σ
+0.71 σ
+1.24 σ
 +6.67% 18 Jun
EWQ France 17.68
Fair
Overvalued
Overvalued
 16.60 15.57 13.48
+0.55 σ
+1.20 σ
+1.97 σ
 +2.06% 18 Jun
TUR Turkey 17.48
Expensive
Expensive
Expensive
 6.56 6.47 7.94
+4.25 σ
+8.57 σ
+5.85 σ
 +9.29% 18 Jun
EWH Hong Kong 17.48
Overvalued
Expensive
Expensive
 15.47 15.38 15.25
+1.71 σ
+2.15 σ
+2.16 σ
 -5.56% 18 Jun
EIS Israel 17.46
Expensive
Expensive
Expensive
 11.98 11.46 10.98
+2.67 σ
+4.42 σ
+4.25 σ
 +6.92% 18 Jun
EWU United Kingdom 17.43
Overvalued
Expensive
Expensive
 13.55 13.45 12.37
+1.25 σ
+2.12 σ
+3.00 σ
 +1.46% 18 Jun
EWG Germany 17.42
Overvalued
Expensive
Expensive
 14.33 13.83 12.51
+1.30 σ
+2.19 σ
+3.51 σ
 -0.91% 18 Jun
VNM Vietnam 17.04
Fair
Fair
-
 15.24 16.78 -
+0.81 σ
+0.09 σ
-
 +0.22% 18 Jun
EWS Singapore 16.40
Overvalued
Expensive
Expensive
 13.82 13.39 13.40
+1.64 σ
+2.76 σ
+3.08 σ
 +4.65% 18 Jun
THD Thailand 15.94
Fair
Fair
Fair
 17.14 17.36 15.92
-0.61 σ
-0.73 σ
+0.01 σ
 +11.25% 18 Jun
NORW Norway 15.53
Expensive
Overvalued
Expensive
 10.79 12.67 11.62
+2.46 σ
+1.53 σ
+2.37 σ
 +6.16% 18 Jun
ARGT Argentina 15.40
Overvalued
Overvalued
Overvalued
 12.94 12.69 10.78
+1.16 σ
+1.95 σ
+1.79 σ
 +9.92% 18 Jun
EDEN Denmark 15.39
Fair
Fair
Fair
 16.14 18.03 16.56
-0.32 σ
-0.99 σ
-0.64 σ
 -4.12% 18 Jun
EWD Sweden 15.17
Fair
Fair
Fair
 16.26 16.21 14.92
-0.50 σ
-0.67 σ
+0.16 σ
 +0.71% 18 Jun
EWP Spain 15.15
Expensive
Expensive
Expensive
 11.29 11.96 11.59
+3.10 σ
+2.39 σ
+2.30 σ
 +9.99% 18 Jun
EPU Perù 14.98
Overvalued
Overvalued
Overvalued
 12.14 12.85 12.33
+1.41 σ
+1.45 σ
+1.86 σ
 +16.90% 18 Jun
EIRL Ireland 14.90
Fair
Fair
Fair
 14.72 15.52 16.18
+0.14 σ
-0.33 σ
-0.53 σ
 +7.88% 18 Jun
EWO Austria 14.68
Expensive
Expensive
Expensive
 8.46 9.67 9.95
+2.85 σ
+2.68 σ
+2.94 σ
 +21.14% 18 Jun
EWM Malaysia 14.58
Fair
Fair
Fair
 14.44 15.09 14.73
+0.17 σ
-0.66 σ
-0.20 σ
 -0.86% 18 Jun
EWI Italy 14.39
Expensive
Overvalued
Expensive
 10.62 11.48 11.17
+2.11 σ
+1.92 σ
+2.02 σ
 +10.86% 18 Jun
ECH Chile 13.00
Overvalued
Fair
Fair
 10.11 13.15 14.54
+1.20 σ
-0.05 σ
-0.85 σ
 +3.40% 18 Jun
EWW Mexico 12.80
Fair
Fair
Fair
 12.50 13.59 14.26
+0.35 σ
-0.57 σ
-0.84 σ
 +6.41% 18 Jun
EWZ Brazil 12.59
Expensive
Overvalued
Overvalued
 8.05 10.06 10.06
+3.26 σ
+1.31 σ
+1.73 σ
 -2.76% 18 Jun
EPOL Poland 12.34
Overvalued
Fair
Fair
 10.13 11.06 11.45
+1.08 σ
+0.93 σ
+0.72 σ
 +10.29% 18 Jun
COLO Colombia 12.15
Expensive
Overvalued
Fair
 7.21 9.44 12.34
+3.25 σ
+1.24 σ
-0.07 σ
 +16.75% 18 Jun
GREK Greece 11.48
Overvalued
Fair
Fair
 9.37 11.34 10.92
+1.16 σ
+0.08 σ
+0.26 σ
 +13.42% 18 Jun
QAT Qatar 11.35
Fair
Undervalued
-
 12.67 13.37 -
-0.74 σ
-1.53 σ
-
 -3.17% 18 Jun
EIDO Indonesia 10.15
Cheap
Cheap
Cheap
 12.66 14.06 13.66
-2.07 σ
-2.63 σ
-2.89 σ
 -26.26% 18 Jun
EZA South Africa 9.97
Fair
Undervalued
Undervalued
 10.72 12.03 11.90
-0.42 σ
-1.05 σ
-1.14 σ
 -2.52% 18 Jun
FXI China 9.52
Fair
Undervalued
Fair
 10.03 11.16 10.98
-0.55 σ
-1.21 σ
-0.87 σ
 -12.96% 18 Jun
EPHE Philippines 8.67
Undervalued
Cheap
Cheap
 12.25 14.67 15.16
-1.46 σ
-2.23 σ
-2.89 σ
 +0.86% 18 Jun
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).