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 29.03
Expensive
Expensive
Expensive
 22.65 20.07 16.76
+2.53 σ
+3.15 σ
+4.23 σ
 +6.55% 20 Apr
ENZL New Zealand 27.56
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.12 σ
+0.05 σ
+1.13 σ
 -2.78% 20 Apr
EWL Switzerland 22.93
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.32 σ
+2.53 σ
+3.17 σ
 +7.84% 20 Apr
EWT Taiwan 22.80
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+2.81 σ
+4.27 σ
+5.12 σ
 +27.14% 20 Apr
INDA India 21.83
Fair
Fair
Overvalued
 23.07 20.73 18.00
-0.96 σ
+0.45 σ
+1.34 σ
 -3.94% 20 Apr
EWA Australia 20.66
Overvalued
Expensive
Expensive
 17.27 16.59 14.88
+1.37 σ
+2.28 σ
+3.44 σ
 +10.37% 20 Apr
EWC Canada 19.61
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.45 σ
+2.64 σ
+4.22 σ
 +12.88% 20 Apr
EWK Belgium 18.42
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.84 σ
+0.78 σ
+1.33 σ
 +9.58% 20 Apr
EWN Netherlands 18.01
Fair
Fair
Overvalued
 17.80 17.00 14.37
+0.09 σ
+0.52 σ
+1.52 σ
 +10.87% 20 Apr
EWU United Kingdom 18.00
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.56 σ
+2.55 σ
+3.44 σ
 +10.25% 20 Apr
EWQ France 17.97
Fair
Overvalued
Expensive
 16.58 15.49 13.42
+0.71 σ
+1.43 σ
+2.17 σ
 +4.76% 20 Apr
EWD Sweden 17.87
Fair
Overvalued
Overvalued
 16.40 16.18 14.89
+0.64 σ
+1.09 σ
+1.87 σ
 +11.63% 20 Apr
EWH Hong Kong 17.79
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+2.02 σ
+2.63 σ
+2.52 σ
 +6.72% 20 Apr
EIS Israel 17.69
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.92 σ
+4.80 σ
+4.40 σ
 +20.11% 20 Apr
EWG Germany 17.30
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.35 σ
+2.29 σ
+3.56 σ
 +2.71% 20 Apr
EWY South Korea 17.29
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+5.90 σ
+6.30 σ
+7.65 σ
 +50.78% 20 Apr
EWJ Japan 17.29
Overvalued
Expensive
Overvalued
 14.84 14.34 14.43
+1.72 σ
+2.06 σ
+1.82 σ
 +8.39% 20 Apr
NORW Norway 17.22
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.33 σ
+2.47 σ
+3.46 σ
 +20.94% 20 Apr
EWS Singapore 16.12
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.59 σ
+2.67 σ
+2.85 σ
 +4.76% 20 Apr
ARGT Argentina 16.11
Overvalued
Expensive
Expensive
 12.77 12.57 10.71
+1.64 σ
+2.62 σ
+2.13 σ
 +10.07% 20 Apr
TUR Turkey 16.10
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.63 σ
+7.80 σ
+5.04 σ
 +19.46% 20 Apr
VNM Vietnam 15.77
Fair
Fair
-
 15.43 16.68 -
+0.14 σ
-0.31 σ
-
 +6.90% 20 Apr
EDEN Denmark 15.63
Fair
Fair
Fair
 16.46 18.10 16.56
-0.30 σ
-0.93 σ
-0.50 σ
 +0.93% 20 Apr
THD Thailand 15.53
Fair
Fair
Fair
 17.35 17.45 15.87
-0.86 σ
-0.96 σ
-0.14 σ
 +14.32% 20 Apr
EWM Malaysia 15.23
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.04 σ
+0.18 σ
+0.65 σ
 +8.39% 20 Apr
EPU Perù 14.83
Overvalued
Overvalued
Overvalued
 12.12 12.86 12.31
+1.35 σ
+1.33 σ
+1.75 σ
 +24.10% 20 Apr
EWP Spain 14.71
Expensive
Expensive
Expensive
 11.29 11.92 11.57
+2.75 σ
+2.18 σ
+2.06 σ
 +12.99% 20 Apr
EWO Austria 14.66
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.13 σ
+2.72 σ
+2.93 σ
 +18.01% 20 Apr
EWW Mexico 14.28
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.94 σ
+0.43 σ
+0.00 σ
 +15.56% 20 Apr
ECH Chile 14.23
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.66 σ
+0.38 σ
-0.18 σ
 +18.47% 20 Apr
EWI Italy 13.79
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.80 σ
+1.56 σ
+1.65 σ
 +11.20% 20 Apr
EIRL Ireland 13.72
Fair
Fair
Undervalued
 14.97 15.57 16.17
-0.72 σ
-0.99 σ
-1.01 σ
 +6.41% 20 Apr
EWZ Brazil 13.25
Expensive
Overvalued
Expensive
 7.99 10.04 10.02
+4.02 σ
+1.68 σ
+2.22 σ
 +26.06% 20 Apr
EPOL Poland 12.56
Overvalued
Overvalued
Fair
 10.16 11.05 11.46
+1.15 σ
+1.09 σ
+0.90 σ
 +16.57% 20 Apr
COLO Colombia 11.81
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+3.03 σ
+1.06 σ
-0.20 σ
 +15.44% 20 Apr
EIDO Indonesia 11.74
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.87 σ
-1.67 σ
-1.60 σ
 -8.10% 20 Apr
QAT Qatar 11.03
Fair
Undervalued
-
 12.91 13.39 -
-0.97 σ
-1.82 σ
-
 -0.33% 20 Apr
GREK Greece 10.21
Fair
Fair
Fair
 9.45 11.36 10.96
+0.40 σ
-0.59 σ
-0.34 σ
 +7.77% 20 Apr
FXI China 10.14
Fair
Fair
Fair
 10.16 11.17 11.02
-0.02 σ
-0.77 σ
-0.52 σ
 -2.61% 20 Apr
EZA South Africa 10.07
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.38 σ
-1.05 σ
-1.10 σ
 +12.00% 20 Apr
EPHE Philippines 8.86
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.48 σ
-2.27 σ
-2.87 σ
 -1.20% 20 Apr
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).