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) | ||
|
|
EWT | Taiwan | 28.50 |
Expensive
|
Expensive
|
Expensive
|
16.46 | 15.36 | 14.24 |
+4.26 σ
|
+6.82 σ
|
+7.87 σ
|
+28.22% | 19 Aug |
|
|
ENZL | New Zealand | 27.35 |
Fair
|
Fair
|
Overvalued
|
26.88 | 27.50 | 21.60 |
+0.12 σ
|
-0.04 σ
|
+1.05 σ
|
+6.11% | 19 Aug |
|
|
VTI | United States | 27.15 |
Overvalued
|
Expensive
|
Expensive
|
23.01 | 20.44 | 16.95 |
+1.54 σ
|
+2.24 σ
|
+3.32 σ
|
+9.03% | 19 Aug |
|
|
EWL | Switzerland | 25.90 |
Expensive
|
Expensive
|
Expensive
|
20.13 | 18.57 | 16.02 |
+2.28 σ
|
+3.66 σ
|
+4.22 σ
|
+5.79% | 19 Aug |
|
|
INDA | India | 22.49 |
Fair
|
Fair
|
Overvalued
|
23.13 | 20.95 | 18.14 |
-0.50 σ
|
+0.65 σ
|
+1.50 σ
|
-1.82% | 19 Aug |
|
|
EWA | Australia | 21.10 |
Overvalued
|
Expensive
|
Expensive
|
17.56 | 16.79 | 14.99 |
+1.34 σ
|
+2.24 σ
|
+3.39 σ
|
+6.49% | 19 Aug |
|
|
EWN | Netherlands | 20.74 |
Overvalued
|
Overvalued
|
Expensive
|
17.47 | 17.18 | 14.52 |
+1.95 σ
|
+1.82 σ
|
+2.53 σ
|
+10.41% | 19 Aug |
|
|
EWC | Canada | 20.67 |
Overvalued
|
Expensive
|
Expensive
|
16.25 | 15.47 | 14.50 |
+1.60 σ
|
+2.89 σ
|
+4.75 σ
|
+9.78% | 19 Aug |
|
|
EWS | Singapore | 19.32 |
Expensive
|
Expensive
|
Expensive
|
13.92 | 13.47 | 13.43 |
+3.25 σ
|
+5.16 σ
|
+5.91 σ
|
+15.80% | 19 Aug |
|
|
EWJ | Japan | 18.66 |
Expensive
|
Expensive
|
Expensive
|
14.93 | 14.55 | 14.44 |
+2.41 σ
|
+2.73 σ
|
+2.65 σ
|
+7.42% | 19 Aug |
|
|
EWQ | France | 18.07 |
Fair
|
Overvalued
|
Expensive
|
16.64 | 15.67 | 13.54 |
+0.71 σ
|
+1.35 σ
|
+2.08 σ
|
+4.13% | 19 Aug |
|
|
EWH | Hong Kong | 18.01 |
Expensive
|
Expensive
|
Expensive
|
15.48 | 15.44 | 15.28 |
+2.12 σ
|
+2.54 σ
|
+2.60 σ
|
+1.03% | 19 Aug |
|
|
EWG | Germany | 17.91 |
Overvalued
|
Expensive
|
Expensive
|
14.46 | 13.95 | 12.56 |
+1.40 σ
|
+2.32 σ
|
+3.72 σ
|
+4.76% | 19 Aug |
|
|
EIS | Israel | 17.25 |
Expensive
|
Expensive
|
Expensive
|
12.11 | 11.54 | 10.99 |
+2.31 σ
|
+4.06 σ
|
+4.06 σ
|
+2.74% | 19 Aug |
|
|
EDEN | Denmark | 16.90 |
Fair
|
Fair
|
Fair
|
15.95 | 17.97 | 16.58 |
+0.44 σ
|
-0.40 σ
|
+0.18 σ
|
+5.39% | 19 Aug |
|
|
EWY | South Korea | 16.66 |
Expensive
|
Expensive
|
Expensive
|
10.71 | 10.36 | 9.97 |
+3.62 σ
|
+4.93 σ
|
+6.60 σ
|
+22.52% | 19 Aug |
|
|
EIRL | Ireland | 16.02 |
Overvalued
|
Fair
|
Fair
|
14.57 | 15.53 | 16.21 |
+1.50 σ
|
+0.26 σ
|
-0.08 σ
|
+11.15% | 19 Aug |
|
|
EWP | Spain | 15.96 |
Expensive
|
Expensive
|
Expensive
|
11.30 | 12.03 | 11.62 |
+3.66 σ
|
+2.82 σ
|
+2.75 σ
|
+11.27% | 19 Aug |
|
|
EWK | Belgium | 15.81 |
Fair
|
Fair
|
Fair
|
16.04 | 16.85 | 15.06 |
-0.09 σ
|
-0.54 σ
|
+0.29 σ
|
+6.45% | 19 Aug |
|
|
EWU | United Kingdom | 15.70 |
Fair
|
Overvalued
|
Overvalued
|
13.77 | 13.50 | 12.42 |
+0.60 σ
|
+1.12 σ
|
+1.91 σ
|
+5.82% | 19 Aug |
|
|
ARGT | Argentina | 15.57 |
Overvalued
|
Overvalued
|
Overvalued
|
13.09 | 12.79 | 10.86 |
+1.15 σ
|
+1.98 σ
|
+1.81 σ
|
-0.97% | 19 Aug |
|
|
TUR | Turkey | 15.42 |
Expensive
|
Expensive
|
Expensive
|
6.92 | 6.52 | 7.98 |
+2.89 σ
|
+6.41 σ
|
+4.51 σ
|
+5.29% | 19 Aug |
|
|
EWI | Italy | 15.17 |
Expensive
|
Expensive
|
Expensive
|
10.66 | 11.52 | 11.19 |
+2.45 σ
|
+2.36 σ
|
+2.47 σ
|
+10.81% | 19 Aug |
|
|
EPOL | Poland | 14.81 |
Expensive
|
Expensive
|
Expensive
|
10.11 | 11.08 | 11.47 |
+2.30 σ
|
+2.65 σ
|
+2.71 σ
|
+17.79% | 19 Aug |
|
|
EWD | Sweden | 14.47 |
Fair
|
Undervalued
|
Fair
|
16.13 | 16.24 | 14.96 |
-0.80 σ
|
-1.15 σ
|
-0.31 σ
|
+4.35% | 19 Aug |
|
|
THD | Thailand | 14.47 |
Undervalued
|
Undervalued
|
Fair
|
16.94 | 17.25 | 15.96 |
-1.34 σ
|
-1.48 σ
|
-0.65 σ
|
+9.22% | 19 Aug |
|
|
VNM | Vietnam | 14.05 |
Fair
|
Undervalued
|
-
|
15.09 | 16.87 | - |
-0.51 σ
|
-1.03 σ
|
-
|
-6.07% | 19 Aug |
|
|
EPU | Perù | 13.92 |
Fair
|
Fair
|
Overvalued
|
12.23 | 12.88 | 12.38 |
+0.82 σ
|
+0.70 σ
|
+1.09 σ
|
+11.70% | 19 Aug |
|
|
EWM | Malaysia | 13.63 |
Undervalued
|
Undervalued
|
Undervalued
|
14.44 | 15.06 | 14.74 |
-1.01 σ
|
-1.81 σ
|
-1.44 σ
|
+1.03% | 19 Aug |
|
|
NORW | Norway | 13.30 |
Overvalued
|
Fair
|
Fair
|
10.79 | 12.68 | 11.66 |
+1.30 σ
|
+0.33 σ
|
+0.98 σ
|
+7.82% | 19 Aug |
|
|
EWO | Austria | 13.10 |
Overvalued
|
Overvalued
|
Overvalued
|
8.61 | 9.74 | 9.96 |
+1.84 σ
|
+1.75 σ
|
+1.94 σ
|
+14.63% | 19 Aug |
|
|
ECH | Chile | 12.21 |
Fair
|
Fair
|
Undervalued
|
10.07 | 13.12 | 14.51 |
+0.91 σ
|
-0.33 σ
|
-1.26 σ
|
+0.05% | 19 Aug |
|
|
EWW | Mexico | 11.87 |
Fair
|
Undervalued
|
Undervalued
|
12.43 | 13.50 | 14.27 |
-0.70 σ
|
-1.24 σ
|
-1.39 σ
|
+0.56% | 19 Aug |
|
|
COLO | Colombia | 11.71 |
Expensive
|
Overvalued
|
Fair
|
7.24 | 9.44 | 12.29 |
+2.85 σ
|
+1.04 σ
|
-0.21 σ
|
+23.83% | 19 Aug |
|
|
GREK | Greece | 11.42 |
Overvalued
|
Fair
|
Fair
|
9.34 | 11.33 | 10.91 |
+1.16 σ
|
+0.04 σ
|
+0.23 σ
|
+17.07% | 19 Aug |
|
|
EWZ | Brazil | 11.17 |
Overvalued
|
Fair
|
Fair
|
8.16 | 10.08 | 10.11 |
+1.95 σ
|
+0.56 σ
|
+0.73 σ
|
-4.08% | 19 Aug |
|
|
QAT | Qatar | 10.72 |
Undervalued
|
Undervalued
|
-
|
12.43 | 13.34 | - |
-1.08 σ
|
-1.95 σ
|
-
|
-8.10% | 19 Aug |
|
|
FXI | China | 9.76 |
Fair
|
Undervalued
|
Fair
|
9.91 | 11.13 | 10.97 |
-0.19 σ
|
-1.00 σ
|
-0.72 σ
|
-3.53% | 19 Aug |
|
|
EIDO | Indonesia | 9.51 |
Cheap
|
Cheap
|
Cheap
|
12.48 | 13.96 | 13.66 |
-2.60 σ
|
-2.94 σ
|
-3.42 σ
|
-19.91% | 19 Aug |
|
|
EZA | South Africa | 9.13 |
Fair
|
Undervalued
|
Undervalued
|
10.70 | 11.92 | 11.90 |
-0.87 σ
|
-1.42 σ
|
-1.62 σ
|
+2.23% | 19 Aug |
|
|
EPHE | Philippines | 8.36 |
Undervalued
|
Cheap
|
Cheap
|
11.90 | 14.49 | 15.15 |
-1.55 σ
|
-2.24 σ
|
-2.99 σ
|
-0.54% | 19 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).