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)
ENZL New Zealand 29.59
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.60 σ
+0.58 σ
+1.53 σ
 +0.26% 20 Feb
VTI United States 26.94
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.86 σ
+2.56 σ
+3.65 σ
 +6.07% 20 Feb
EWL Switzerland 24.12
Expensive
Expensive
Expensive
 19.61 18.17 15.81
+2.00 σ
+3.42 σ
+3.84 σ
 +13.40% 20 Feb
INDA India 23.86
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.63 σ
+1.30 σ
+2.09 σ
 -0.48% 20 Feb
EWA Australia 22.83
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.40 σ
+3.71 σ
+4.94 σ
 +11.55% 20 Feb
EWT Taiwan 22.51
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.82 σ
+4.29 σ
+5.16 σ
 +20.09% 20 Feb
EWC Canada 20.88
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.14 σ
+3.73 σ
+5.43 σ
 +14.80% 20 Feb
EWU United Kingdom 20.82
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.80 σ
+4.35 σ
+5.29 σ
 +14.04% 20 Feb
EWY South Korea 20.74
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+8.96 σ
+10.00 σ
+11.57 σ
 +66.09% 20 Feb
EWK Belgium 20.30
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.54 σ
+1.76 σ
+2.10 σ
 +16.71% 20 Feb
EWH Hong Kong 20.20
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.10 σ
+5.40 σ
+5.01 σ
 +11.89% 20 Feb
EWQ France 19.84
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.74 σ
+2.62 σ
+3.17 σ
 +8.59% 20 Feb
EWN Netherlands 19.39
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.52 σ
+1.27 σ
+2.15 σ
 +12.07% 20 Feb
EWD Sweden 18.83
Overvalued
Overvalued
Expensive
 16.45 16.09 14.86
+1.02 σ
+1.77 σ
+2.55 σ
 +13.43% 20 Feb
EWG Germany 18.62
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.09 σ
+3.40 σ
+4.70 σ
 +5.71% 20 Feb
EIS Israel 18.36
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.37 σ
+5.56 σ
+4.83 σ
 +22.77% 20 Feb
EWJ Japan 18.05
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.25 σ
+2.74 σ
+2.29 σ
 +14.73% 20 Feb
VNM Vietnam 18.02
Fair
-
-
 15.64 - -
+0.87 σ
-
-
 +13.84% 20 Feb
EWS Singapore 17.56
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.82 σ
+4.21 σ
+4.45 σ
 +6.86% 20 Feb
EPU Perù 17.25
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.65 σ
+3.15 σ
+3.43 σ
 +47.00% 20 Feb
EZA South Africa 17.11
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.94 σ
+2.57 σ
+3.15 σ
 +24.41% 20 Feb
ARGT Argentina 16.74
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.19 σ
+3.32 σ
+2.45 σ
 +11.26% 20 Feb
EWM Malaysia 16.45
Expensive
Overvalued
Expensive
 14.33 15.08 14.70
+2.79 σ
+1.81 σ
+2.21 σ
 +16.37% 20 Feb
THD Thailand 16.27
Fair
Fair
Fair
 17.57 17.52 15.81
-0.57 σ
-0.62 σ
+0.19 σ
 +23.59% 20 Feb
EDEN Denmark 15.84
Fair
Fair
Fair
 16.80 18.18 16.55
-0.31 σ
-0.89 σ
-0.39 σ
 +1.43% 20 Feb
EWO Austria 15.66
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.76 σ
+3.35 σ
+3.56 σ
 +22.09% 20 Feb
TUR Turkey 15.65
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.65 σ
+7.75 σ
+4.77 σ
 +21.17% 20 Feb
NORW Norway 15.28
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.33 σ
+1.46 σ
+2.33 σ
 +19.17% 20 Feb
ECH Chile 15.16
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.04 σ
+0.72 σ
+0.32 σ
 +22.95% 20 Feb
EWP Spain 14.66
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.71 σ
+2.30 σ
+2.07 σ
 +16.50% 20 Feb
EIRL Ireland 14.39
Fair
Fair
Fair
 15.22 15.60 16.16
-0.40 σ
-0.65 σ
-0.73 σ
 +6.80% 20 Feb
EWW Mexico 14.14
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.78 σ
+0.28 σ
-0.08 σ
 +23.24% 20 Feb
EWI Italy 13.94
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.88 σ
+1.72 σ
+1.76 σ
 +10.80% 20 Feb
EPOL Poland 13.45
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.59 σ
+1.78 σ
+1.63 σ
 +13.47% 20 Feb
EWZ Brazil 13.20
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+4.17 σ
+1.70 σ
+2.23 σ
 +28.32% 20 Feb
EIDO Indonesia 12.81
Fair
Fair
Fair
 12.95 14.19 13.65
-0.11 σ
-0.98 σ
-0.69 σ
 -0.44% 20 Feb
QAT Qatar 12.58
Fair
-
-
 13.10 - -
-0.25 σ
-
-
 +2.91% 20 Feb
FXI China 11.03
Fair
Fair
Fair
 10.28 11.16 11.03
+0.60 σ
-0.10 σ
+0.00 σ
 +0.49% 20 Feb
GREK Greece 10.32
Fair
Fair
Fair
 9.51 11.34 10.99
+0.41 σ
-0.52 σ
-0.30 σ
 +11.32% 20 Feb
EPHE Philippines 9.76
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.18 σ
-2.04 σ
-2.52 σ
 +4.29% 20 Feb
COLO Colombia 9.39
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.36 σ
-0.05 σ
-1.07 σ
 +22.84% 20 Feb
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).