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 27.38
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.08 σ
+0.00 σ
+1.10 σ
 -3.34% 24 Apr
VTI United States 25.15
Fair
Overvalued
Expensive
 22.65 20.07 16.76
+0.99 σ
+1.78 σ
+2.90 σ
 +6.82% 24 Apr
EWT Taiwan 24.03
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.32 σ
+4.95 σ
+5.85 σ
 +32.88% 24 Apr
EWL Switzerland 22.59
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.17 σ
+2.35 σ
+3.02 σ
 +6.01% 24 Apr
INDA India 21.42
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.28 σ
+0.28 σ
+1.20 σ
 -5.54% 24 Apr
EWA Australia 20.06
Overvalued
Overvalued
Expensive
 17.27 16.59 14.88
+1.12 σ
+1.94 σ
+3.08 σ
 +6.89% 24 Apr
EWC Canada 19.33
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.34 σ
+2.47 σ
+4.00 σ
 +10.79% 24 Apr
EWY South Korea 17.81
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+6.35 σ
+6.76 σ
+8.19 σ
 +52.82% 24 Apr
EWN Netherlands 17.76
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.02 σ
+0.39 σ
+1.41 σ
 +9.00% 24 Apr
EWK Belgium 17.69
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.57 σ
+0.41 σ
+1.06 σ
 +4.98% 24 Apr
EWH Hong Kong 17.67
Overvalued
Expensive
Expensive
 15.46 15.32 15.24
+1.91 σ
+2.50 σ
+2.40 σ
 +5.67% 24 Apr
EWU United Kingdom 17.62
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.44 σ
+2.34 σ
+3.21 σ
 +7.58% 24 Apr
EWQ France 17.55
Fair
Overvalued
Overvalued
 16.58 15.49 13.42
+0.49 σ
+1.19 σ
+1.97 σ
 +2.20% 24 Apr
EIS Israel 17.42
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.78 σ
+4.60 σ
+4.22 σ
 +17.59% 24 Apr
EWD Sweden 17.33
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.41 σ
+0.74 σ
+1.53 σ
 +7.95% 24 Apr
NORW Norway 17.22
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.33 σ
+2.47 σ
+3.46 σ
 +20.26% 24 Apr
EWG Germany 17.05
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.23 σ
+2.12 σ
+3.37 σ
 +1.20% 24 Apr
EWJ Japan 16.91
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.45 σ
+1.79 σ
+1.57 σ
 +5.60% 24 Apr
TUR Turkey 15.91
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.54 σ
+7.65 σ
+4.93 σ
 +17.43% 24 Apr
EWS Singapore 15.78
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.37 σ
+2.35 σ
+2.50 σ
 +2.35% 24 Apr
VNM Vietnam 15.64
Fair
Fair
-
 15.43 16.68 -
+0.09 σ
-0.35 σ
-
 +5.45% 24 Apr
ARGT Argentina 15.57
Overvalued
Expensive
Overvalued
 12.77 12.57 10.71
+1.38 σ
+2.23 σ
+1.92 σ
 +6.20% 24 Apr
EWM Malaysia 15.41
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.27 σ
+0.41 σ
+0.87 σ
 +9.24% 24 Apr
EDEN Denmark 15.27
Fair
Undervalued
Fair
 16.46 18.10 16.56
-0.43 σ
-1.07 σ
-0.70 σ
 -1.32% 24 Apr
THD Thailand 15.23
Undervalued
Undervalued
Fair
 17.35 17.45 15.87
-1.01 σ
-1.11 σ
-0.26 σ
 +11.46% 24 Apr
EWO Austria 14.42
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.01 σ
+2.59 σ
+2.78 σ
 +15.42% 24 Apr
EPU Perù 14.25
Overvalued
Fair
Overvalued
 12.12 12.86 12.31
+1.06 σ
+0.93 σ
+1.34 σ
 +18.10% 24 Apr
EWP Spain 14.19
Expensive
Overvalued
Overvalued
 11.29 11.92 11.57
+2.33 σ
+1.77 σ
+1.72 σ
 +8.47% 24 Apr
EWW Mexico 14.03
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.66 σ
+0.25 σ
-0.14 σ
 +12.97% 24 Apr
ECH Chile 13.80
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.48 σ
+0.23 σ
-0.42 σ
 +14.17% 24 Apr
EWI Italy 13.45
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.60 σ
+1.33 σ
+1.44 σ
 +8.05% 24 Apr
EIRL Ireland 13.14
Undervalued
Undervalued
Undervalued
 14.97 15.57 16.17
-1.05 σ
-1.31 σ
-1.25 σ
 +1.74% 24 Apr
EWZ Brazil 12.81
Expensive
Overvalued
Overvalued
 7.99 10.04 10.02
+3.69 σ
+1.45 σ
+1.92 σ
 +21.05% 24 Apr
EPOL Poland 12.12
Fair
Fair
Fair
 10.16 11.05 11.46
+0.94 σ
+0.77 σ
+0.54 σ
 +12.07% 24 Apr
COLO Colombia 11.62
Expensive
Fair
Fair
 7.21 9.46 12.38
+2.90 σ
+0.97 σ
-0.27 σ
 +12.79% 24 Apr
EIDO Indonesia 11.06
Undervalued
Cheap
Cheap
 12.83 14.14 13.67
-1.42 σ
-2.14 σ
-2.17 σ
 -13.30% 24 Apr
QAT Qatar 11.01
Fair
Undervalued
-
 12.91 13.39 -
-0.98 σ
-1.83 σ
-
 -0.48% 24 Apr
GREK Greece 10.07
Fair
Fair
Fair
 9.45 11.36 10.96
+0.32 σ
-0.66 σ
-0.41 σ
 +5.91% 24 Apr
FXI China 9.93
Fair
Fair
Fair
 10.16 11.17 11.02
-0.22 σ
-0.93 σ
-0.65 σ
 -4.71% 24 Apr
EZA South Africa 9.58
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.66 σ
-1.30 σ
-1.39 σ
 +6.02% 24 Apr
EPHE Philippines 8.64
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.57 σ
-2.35 σ
-2.97 σ
 -3.54% 24 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).