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 | 28.89 |
Expensive
|
Expensive
|
Expensive
|
16.46 | 15.36 | 14.24 |
+4.40 σ
|
+7.02 σ
|
+8.09 σ
|
+31.59% | 09:30 AM |
|
|
VTI | United States | 27.30 |
Overvalued
|
Expensive
|
Expensive
|
23.01 | 20.44 | 16.95 |
+1.59 σ
|
+2.28 σ
|
+3.37 σ
|
+9.96% | 09:30 AM |
|
|
ENZL | New Zealand | 26.53 |
Fair
|
Fair
|
Fair
|
26.88 | 27.50 | 21.60 |
-0.09 σ
|
-0.24 σ
|
+0.90 σ
|
+3.04% | 09:30 AM |
|
|
EWL | Switzerland | 25.54 |
Expensive
|
Expensive
|
Expensive
|
20.13 | 18.57 | 16.02 |
+2.13 σ
|
+3.48 σ
|
+4.06 σ
|
+4.60% | 09:30 AM |
|
|
INDA | India | 22.67 |
Fair
|
Fair
|
Overvalued
|
23.13 | 20.95 | 18.14 |
-0.36 σ
|
+0.72 σ
|
+1.56 σ
|
-1.30% | 09:30 AM |
|
|
EWN | Netherlands | 21.07 |
Expensive
|
Overvalued
|
Expensive
|
17.47 | 17.18 | 14.52 |
+2.15 σ
|
+1.98 σ
|
+2.66 σ
|
+12.66% | 09:30 AM |
|
|
EWA | Australia | 21.02 |
Overvalued
|
Expensive
|
Expensive
|
17.56 | 16.79 | 14.99 |
+1.31 σ
|
+2.20 σ
|
+3.34 σ
|
+6.33% | 09:30 AM |
|
|
EWC | Canada | 20.60 |
Overvalued
|
Expensive
|
Expensive
|
16.25 | 15.47 | 14.50 |
+1.58 σ
|
+2.85 σ
|
+4.70 σ
|
+9.99% | 09:30 AM |
|
|
EWS | Singapore | 19.26 |
Expensive
|
Expensive
|
Expensive
|
13.92 | 13.47 | 13.43 |
+3.22 σ
|
+5.11 σ
|
+5.86 σ
|
+15.98% | 09:30 AM |
|
|
EWJ | Japan | 19.23 |
Expensive
|
Expensive
|
Expensive
|
14.93 | 14.55 | 14.44 |
+2.78 σ
|
+3.11 σ
|
+3.00 σ
|
+11.11% | 09:30 AM |
|
|
EWQ | France | 18.20 |
Fair
|
Overvalued
|
Expensive
|
16.64 | 15.67 | 13.54 |
+0.78 σ
|
+1.42 σ
|
+2.14 σ
|
+5.02% | 09:30 AM |
|
|
EWG | Germany | 17.82 |
Overvalued
|
Expensive
|
Expensive
|
14.46 | 13.95 | 12.56 |
+1.36 σ
|
+2.27 σ
|
+3.65 σ
|
+4.38% | 09:30 AM |
|
|
EWH | Hong Kong | 17.65 |
Overvalued
|
Expensive
|
Expensive
|
15.48 | 15.44 | 15.28 |
+1.82 σ
|
+2.18 σ
|
+2.26 σ
|
-0.90% | 09:30 AM |
|
|
EIS | Israel | 17.35 |
Expensive
|
Expensive
|
Expensive
|
12.11 | 11.54 | 10.99 |
+2.35 σ
|
+4.13 σ
|
+4.12 σ
|
+3.77% | 09:30 AM |
|
|
EIRL | Ireland | 17.27 |
Expensive
|
Fair
|
Fair
|
14.57 | 15.53 | 16.21 |
+2.80 σ
|
+0.93 σ
|
+0.44 σ
|
+11.52% | 09:30 AM |
|
|
EWY | South Korea | 16.68 |
Expensive
|
Expensive
|
Expensive
|
10.71 | 10.36 | 9.97 |
+3.63 σ
|
+4.94 σ
|
+6.62 σ
|
+24.48% | 09:30 AM |
|
|
EDEN | Denmark | 16.39 |
Fair
|
Fair
|
Fair
|
15.95 | 17.97 | 16.58 |
+0.20 σ
|
-0.59 σ
|
-0.11 σ
|
+2.33% | 09:30 AM |
|
|
EWP | Spain | 16.05 |
Expensive
|
Expensive
|
Expensive
|
11.30 | 12.03 | 11.62 |
+3.73 σ
|
+2.88 σ
|
+2.81 σ
|
+12.49% | 09:30 AM |
|
|
ARGT | Argentina | 15.61 |
Overvalued
|
Expensive
|
Overvalued
|
13.09 | 12.79 | 10.86 |
+1.17 σ
|
+2.02 σ
|
+1.83 σ
|
-0.58% | 09:30 AM |
|
|
EWU | United Kingdom | 15.60 |
Fair
|
Overvalued
|
Overvalued
|
13.77 | 13.50 | 12.42 |
+0.57 σ
|
+1.08 σ
|
+1.85 σ
|
+5.48% | 09:30 AM |
|
|
EWK | Belgium | 15.45 |
Fair
|
Fair
|
Fair
|
16.04 | 16.85 | 15.06 |
-0.23 σ
|
-0.73 σ
|
+0.15 σ
|
+4.32% | 09:30 AM |
|
|
EWI | Italy | 15.24 |
Expensive
|
Expensive
|
Expensive
|
10.66 | 11.52 | 11.19 |
+2.49 σ
|
+2.40 σ
|
+2.51 σ
|
+11.85% | 09:30 AM |
|
|
TUR | Turkey | 14.91 |
Expensive
|
Expensive
|
Expensive
|
6.92 | 6.52 | 7.98 |
+2.71 σ
|
+6.05 σ
|
+4.20 σ
|
+2.20% | 09:30 AM |
|
|
EPOL | Poland | 14.78 |
Expensive
|
Expensive
|
Expensive
|
10.11 | 11.08 | 11.47 |
+2.29 σ
|
+2.64 σ
|
+2.69 σ
|
+18.35% | 09:30 AM |
|
|
VNM | Vietnam | 14.66 |
Fair
|
Fair
|
-
|
15.09 | 16.87 | - |
-0.21 σ
|
-0.81 σ
|
-
|
-2.13% | 09:30 AM |
|
|
THD | Thailand | 14.36 |
Undervalued
|
Undervalued
|
Fair
|
16.94 | 17.25 | 15.96 |
-1.40 σ
|
-1.53 σ
|
-0.69 σ
|
+8.91% | 09:30 AM |
|
|
EWD | Sweden | 14.35 |
Fair
|
Undervalued
|
Fair
|
16.13 | 16.24 | 14.96 |
-0.86 σ
|
-1.23 σ
|
-0.39 σ
|
+3.68% | 09:30 AM |
|
|
EPU | Perù | 13.84 |
Fair
|
Fair
|
Overvalued
|
12.23 | 12.88 | 12.38 |
+0.78 σ
|
+0.65 σ
|
+1.03 σ
|
+11.93% | 09:30 AM |
|
|
EWM | Malaysia | 13.54 |
Undervalued
|
Undervalued
|
Undervalued
|
14.44 | 15.06 | 14.74 |
-1.12 σ
|
-1.93 σ
|
-1.56 σ
|
+0.55% | 09:30 AM |
|
|
EWO | Austria | 13.25 |
Overvalued
|
Overvalued
|
Expensive
|
8.61 | 9.74 | 9.96 |
+1.90 σ
|
+1.82 σ
|
+2.03 σ
|
+16.90% | 09:30 AM |
|
|
NORW | Norway | 12.99 |
Overvalued
|
Fair
|
Fair
|
10.79 | 12.68 | 11.66 |
+1.14 σ
|
+0.17 σ
|
+0.80 σ
|
+5.88% | 09:30 AM |
|
|
EWW | Mexico | 12.02 |
Fair
|
Undervalued
|
Undervalued
|
12.43 | 13.50 | 14.27 |
-0.52 σ
|
-1.13 σ
|
-1.30 σ
|
+2.08% | 09:30 AM |
|
|
ECH | Chile | 12.02 |
Fair
|
Fair
|
Undervalued
|
10.07 | 13.12 | 14.51 |
+0.83 σ
|
-0.40 σ
|
-1.37 σ
|
-1.24% | 09:30 AM |
|
|
COLO | Colombia | 11.31 |
Expensive
|
Fair
|
Fair
|
7.24 | 9.44 | 12.29 |
+2.59 σ
|
+0.86 σ
|
-0.35 σ
|
+20.65% | 09:30 AM |
|
|
GREK | Greece | 11.27 |
Overvalued
|
Fair
|
Fair
|
9.34 | 11.33 | 10.91 |
+1.08 σ
|
-0.03 σ
|
+0.17 σ
|
+16.41% | 09:30 AM |
|
|
EWZ | Brazil | 11.09 |
Overvalued
|
Fair
|
Fair
|
8.16 | 10.08 | 10.11 |
+1.90 σ
|
+0.52 σ
|
+0.68 σ
|
-4.58% | 09:30 AM |
|
|
QAT | Qatar | 11.01 |
Fair
|
Undervalued
|
-
|
12.43 | 13.34 | - |
-0.89 σ
|
-1.73 σ
|
-
|
-5.80% | 09:30 AM |
|
|
FXI | China | 9.63 |
Fair
|
Undervalued
|
Fair
|
9.91 | 11.13 | 10.97 |
-0.35 σ
|
-1.10 σ
|
-0.79 σ
|
-5.17% | 09:30 AM |
|
|
EIDO | Indonesia | 9.58 |
Cheap
|
Cheap
|
Cheap
|
12.48 | 13.96 | 13.66 |
-2.54 σ
|
-2.89 σ
|
-3.36 σ
|
-20.02% | 09:30 AM |
|
|
EZA | South Africa | 8.87 |
Undervalued
|
Undervalued
|
Undervalued
|
10.70 | 11.92 | 11.90 |
-1.01 σ
|
-1.56 σ
|
-1.77 σ
|
-0.57% | 09:30 AM |
|
|
EPHE | Philippines | 8.62 |
Undervalued
|
Cheap
|
Cheap
|
11.90 | 14.49 | 15.15 |
-1.44 σ
|
-2.15 σ
|
-2.88 σ
|
+2.60% | 09:30 AM |
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).