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
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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 | 27.73 |
Fair
|
Fair
|
Overvalued
|
26.98 | 27.41 | 21.39 |
+0.19 σ
|
+0.08 σ
|
+1.15 σ
|
-2.00% | 04 May |
|
|
VTI | United States | 25.29 |
Overvalued
|
Overvalued
|
Expensive
|
22.71 | 20.15 | 16.80 |
+1.01 σ
|
+1.78 σ
|
+2.88 σ
|
+6.97% | 04 May |
|
|
EWT | Taiwan | 24.66 |
Expensive
|
Expensive
|
Expensive
|
16.11 | 15.15 | 14.13 |
+3.45 σ
|
+5.19 σ
|
+6.11 σ
|
+34.55% | 04 May |
|
|
EWL | Switzerland | 22.13 |
Fair
|
Expensive
|
Expensive
|
19.89 | 18.37 | 15.90 |
+0.94 σ
|
+2.02 σ
|
+2.76 σ
|
+3.55% | 04 May |
|
|
INDA | India | 21.01 |
Undervalued
|
Fair
|
Overvalued
|
23.07 | 20.77 | 18.01 |
-1.61 σ
|
+0.10 σ
|
+1.05 σ
|
-7.03% | 04 May |
|
|
EWA | Australia | 19.86 |
Overvalued
|
Overvalued
|
Expensive
|
17.33 | 16.64 | 14.90 |
+1.00 σ
|
+1.77 σ
|
+2.89 σ
|
+5.51% | 04 May |
|
|
EWC | Canada | 19.32 |
Overvalued
|
Expensive
|
Expensive
|
15.99 | 15.38 | 14.44 |
+1.28 σ
|
+2.36 σ
|
+3.92 σ
|
+9.97% | 04 May |
|
|
EWY | South Korea | 18.85 |
Expensive
|
Expensive
|
Expensive
|
10.49 | 10.27 | 9.93 |
+6.78 σ
|
+7.42 σ
|
+9.14 σ
|
+57.73% | 04 May |
|
|
EIS | Israel | 18.26 |
Expensive
|
Expensive
|
Expensive
|
11.95 | 11.42 | 10.98 |
+3.13 σ
|
+5.12 σ
|
+4.77 σ
|
+22.08% | 04 May |
|
|
EWH | Hong Kong | 17.73 |
Overvalued
|
Expensive
|
Expensive
|
15.47 | 15.34 | 15.24 |
+1.92 σ
|
+2.48 σ
|
+2.44 σ
|
+5.55% | 04 May |
|
|
EWK | Belgium | 17.71 |
Fair
|
Fair
|
Overvalued
|
16.11 | 16.88 | 14.95 |
+0.60 σ
|
+0.43 σ
|
+1.05 σ
|
+4.66% | 04 May |
|
|
NORW | Norway | 17.62 |
Expensive
|
Expensive
|
Expensive
|
10.79 | 12.66 | 11.61 |
+3.54 σ
|
+2.67 σ
|
+3.68 σ
|
+22.00% | 04 May |
|
|
EWN | Netherlands | 17.43 |
Fair
|
Fair
|
Overvalued
|
17.66 | 17.02 | 14.40 |
-0.11 σ
|
+0.21 σ
|
+1.26 σ
|
+6.54% | 04 May |
|
|
EWU | United Kingdom | 17.41 |
Overvalued
|
Expensive
|
Expensive
|
13.44 | 13.41 | 12.35 |
+1.31 σ
|
+2.18 σ
|
+3.03 σ
|
+5.78% | 04 May |
|
|
EWQ | France | 17.12 |
Fair
|
Fair
|
Overvalued
|
16.58 | 15.52 | 13.45 |
+0.28 σ
|
+0.92 σ
|
+1.74 σ
|
-0.42% | 04 May |
|
|
EWJ | Japan | 17.06 |
Overvalued
|
Overvalued
|
Overvalued
|
14.84 | 14.40 | 14.43 |
+1.55 σ
|
+1.84 σ
|
+1.68 σ
|
+5.97% | 04 May |
|
|
EWG | Germany | 16.70 |
Overvalued
|
Overvalued
|
Expensive
|
14.26 | 13.78 | 12.49 |
+1.06 σ
|
+1.83 σ
|
+3.06 σ
|
-0.84% | 04 May |
|
|
EWD | Sweden | 16.51 |
Fair
|
Fair
|
Overvalued
|
16.33 | 16.19 | 14.90 |
+0.08 σ
|
+0.20 σ
|
+1.01 σ
|
+2.45% | 04 May |
|
|
TUR | Turkey | 15.68 |
Expensive
|
Expensive
|
Expensive
|
6.38 | 6.45 | 7.94 |
+3.94 σ
|
+7.35 σ
|
+4.77 σ
|
+14.83% | 04 May |
|
|
EWS | Singapore | 15.61 |
Overvalued
|
Expensive
|
Expensive
|
13.77 | 13.36 | 13.39 |
+1.20 σ
|
+2.10 σ
|
+2.30 σ
|
+0.99% | 04 May |
|
|
VNM | Vietnam | 15.52 |
Fair
|
Fair
|
-
|
15.32 | 16.73 | - |
+0.08 σ
|
-0.42 σ
|
-
|
+4.04% | 04 May |
|
|
EWM | Malaysia | 15.49 |
Overvalued
|
Fair
|
Fair
|
14.43 | 15.09 | 14.73 |
+1.31 σ
|
+0.52 σ
|
+0.96 σ
|
+9.13% | 04 May |
|
|
THD | Thailand | 15.46 |
Fair
|
Fair
|
Fair
|
17.23 | 17.41 | 15.89 |
-0.87 σ
|
-0.98 σ
|
-0.18 σ
|
+12.22% | 04 May |
|
|
EDEN | Denmark | 15.27 |
Fair
|
Undervalued
|
Fair
|
16.28 | 18.06 | 16.55 |
-0.39 σ
|
-1.05 σ
|
-0.70 σ
|
-1.21% | 04 May |
|
|
ARGT | Argentina | 15.27 |
Overvalued
|
Overvalued
|
Overvalued
|
12.85 | 12.63 | 10.73 |
+1.17 σ
|
+1.95 σ
|
+1.77 σ
|
+3.75% | 04 May |
|
|
EWO | Austria | 14.26 |
Expensive
|
Expensive
|
Expensive
|
8.41 | 9.65 | 9.95 |
+2.82 σ
|
+2.49 σ
|
+2.68 σ
|
+13.22% | 04 May |
|
|
EWP | Spain | 13.91 |
Expensive
|
Overvalued
|
Overvalued
|
11.29 | 11.94 | 11.58 |
+2.10 σ
|
+1.51 σ
|
+1.52 σ
|
+5.61% | 04 May |
|
|
EPU | Perù | 13.61 |
Fair
|
Fair
|
Fair
|
12.13 | 12.84 | 12.31 |
+0.74 σ
|
+0.52 σ
|
+0.91 σ
|
+11.37% | 04 May |
|
|
EWW | Mexico | 13.52 |
Overvalued
|
Fair
|
Fair
|
12.53 | 13.63 | 14.27 |
+1.10 σ
|
-0.07 σ
|
-0.43 σ
|
+8.14% | 04 May |
|
|
EIRL | Ireland | 13.31 |
Fair
|
Undervalued
|
Undervalued
|
14.83 | 15.54 | 16.17 |
-0.97 σ
|
-1.19 σ
|
-1.18 σ
|
+2.79% | 04 May |
|
|
EWI | Italy | 13.23 |
Overvalued
|
Overvalued
|
Overvalued
|
10.61 | 11.46 | 11.17 |
+1.48 σ
|
+1.17 σ
|
+1.30 σ
|
+5.74% | 04 May |
|
|
ECH | Chile | 12.93 |
Overvalued
|
Fair
|
Fair
|
10.12 | 13.15 | 14.55 |
+1.15 σ
|
-0.08 σ
|
-0.90 σ
|
+6.02% | 04 May |
|
|
EWZ | Brazil | 12.52 |
Expensive
|
Overvalued
|
Overvalued
|
8.01 | 10.05 | 10.04 |
+3.36 σ
|
+1.29 σ
|
+1.70 σ
|
+17.06% | 04 May |
|
|
EPOL | Poland | 11.83 |
Fair
|
Fair
|
Fair
|
10.13 | 11.05 | 11.45 |
+0.82 σ
|
+0.57 σ
|
+0.31 σ
|
+8.78% | 04 May |
|
|
QAT | Qatar | 10.81 |
Undervalued
|
Undervalued
|
-
|
12.78 | 13.38 | - |
-1.05 σ
|
-1.96 σ
|
-
|
-2.36% | 04 May |
|
|
COLO | Colombia | 10.70 |
Expensive
|
Fair
|
Fair
|
7.21 | 9.45 | 12.35 |
+2.29 σ
|
+0.57 σ
|
-0.58 σ
|
+3.13% | 04 May |
|
|
EIDO | Indonesia | 10.60 |
Undervalued
|
Cheap
|
Cheap
|
12.74 | 14.10 | 13.67 |
-1.74 σ
|
-2.40 σ
|
-2.55 σ
|
-16.53% | 04 May |
|
|
FXI | China | 9.84 |
Fair
|
Fair
|
Fair
|
10.10 | 11.17 | 11.00 |
-0.25 σ
|
-0.99 σ
|
-0.69 σ
|
-5.47% | 04 May |
|
|
GREK | Greece | 9.76 |
Fair
|
Fair
|
Fair
|
9.40 | 11.35 | 10.93 |
+0.20 σ
|
-0.81 σ
|
-0.54 σ
|
+2.31% | 04 May |
|
|
EZA | South Africa | 9.17 |
Fair
|
Undervalued
|
Undervalued
|
10.73 | 12.08 | 11.91 |
-0.87 σ
|
-1.48 σ
|
-1.61 σ
|
+0.82% | 04 May |
|
|
EPHE | Philippines | 8.50 |
Undervalued
|
Cheap
|
Cheap
|
12.38 | 14.76 | 15.18 |
-1.58 σ
|
-2.35 σ
|
-3.00 σ
|
-4.82% | 04 May |
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).