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)
EWT Taiwan 25.92
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.14 σ
+5.33 σ
+6.33 σ
 +24.61% 15 Sep
ENZL New Zealand 24.70
Fair
Fair
Fair
 26.84 27.52 21.67
-0.56 σ
-0.71 σ
+0.55 σ
 -1.72% 15 Sep
VTI United States 24.36
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.48 σ
+1.27 σ
+2.36 σ
 +5.69% 15 Sep
EWL Switzerland 23.53
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.28 σ
+2.38 σ
+3.14 σ
 -2.02% 15 Sep
INDA India 21.61
Undervalued
Fair
Overvalued
 23.11 21.00 18.17
-1.19 σ
+0.26 σ
+1.18 σ
 -5.31% 15 Sep
EWA Australia 20.13
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.92 σ
+1.68 σ
+2.79 σ
 +1.43% 15 Sep
EWC Canada 18.94
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.91 σ
+1.86 σ
+3.33 σ
 +5.22% 15 Sep
EWJ Japan 18.85
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.38 σ
+2.77 σ
+2.75 σ
 +8.32% 15 Sep
EWS Singapore 18.42
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.59 σ
+4.22 σ
+4.93 σ
 +11.82% 15 Sep
EWN Netherlands 18.20
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.47 σ
+0.49 σ
+1.46 σ
 +4.02% 15 Sep
EWG Germany 17.83
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.31 σ
+2.19 σ
+3.59 σ
 +0.45% 15 Sep
EIS Israel 17.37
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.22 σ
+4.01 σ
+4.09 σ
 +0.88% 15 Sep
EWQ France 17.32
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.33 σ
+0.91 σ
+1.72 σ
 -2.55% 15 Sep
EWU United Kingdom 16.80
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.92 σ
+1.69 σ
+2.51 σ
 +2.96% 15 Sep
EDEN Denmark 16.30
Fair
Fair
Fair
 15.88 17.96 16.59
+0.20 σ
-0.62 σ
-0.16 σ
 +2.14% 15 Sep
EWP Spain 15.85
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.48 σ
+2.65 σ
+2.65 σ
 +7.04% 15 Sep
EIRL Ireland 15.48
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.01 σ
-0.03 σ
-0.32 σ
 +9.69% 15 Sep
ARGT Argentina 15.17
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.91 σ
+1.63 σ
+1.66 σ
 +1.92% 15 Sep
EWI Italy 14.98
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.27 σ
+2.19 σ
+2.32 σ
 +5.52% 15 Sep
EWK Belgium 14.96
Fair
Fair
Fair
 15.96 16.82 15.08
-0.40 σ
-0.97 σ
-0.05 σ
 +3.70% 15 Sep
EWD Sweden 14.46
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.77 σ
-1.15 σ
-0.33 σ
 +0.06% 15 Sep
THD Thailand 14.31
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.38 σ
-1.54 σ
-0.72 σ
 +5.15% 15 Sep
VNM Vietnam 13.67
Fair
Undervalued
-
 15.01 16.91 -
-0.68 σ
-1.20 σ
-
 -4.46% 15 Sep
TUR Turkey 13.64
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.10 σ
+4.73 σ
+3.40 σ
 -1.17% 15 Sep
NORW Norway 13.46
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.39 σ
+0.41 σ
+1.07 σ
 +7.37% 15 Sep
EPOL Poland 13.39
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.58 σ
+1.62 σ
+1.55 σ
 +15.47% 15 Sep
EWH Hong Kong 13.08
Undervalued
Cheap
Cheap
 15.51 15.46 15.28
-1.97 σ
-2.30 σ
-2.07 σ
 -1.12% 15 Sep
EWO Austria 13.02
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.72 σ
+1.66 σ
+1.88 σ
 +10.61% 15 Sep
EWW Mexico 12.25
Fair
Fair
Undervalued
 12.39 13.46 14.26
-0.19 σ
-0.94 σ
-1.16 σ
 -2.03% 15 Sep
GREK Greece 11.70
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.33 σ
+0.19 σ
+0.37 σ
 +17.89% 15 Sep
ECH Chile 11.67
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.69 σ
-0.52 σ
-1.55 σ
 -4.74% 15 Sep
QAT Qatar 11.14
Fair
Undervalued
-
 12.31 13.33 -
-0.78 σ
-1.60 σ
-
 -7.82% 15 Sep
COLO Colombia 10.84
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.21 σ
+0.64 σ
-0.51 σ
 +22.47% 15 Sep
EWZ Brazil 10.46
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.37 σ
+0.20 σ
+0.23 σ
 +4.60% 15 Sep
EWY South Korea 9.73
Fair
Fair
Fair
 10.85 10.40 9.99
-0.59 σ
-0.51 σ
-0.25 σ
 +17.45% 15 Sep
EIDO Indonesia 9.67
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.42 σ
-2.78 σ
-3.29 σ
 -15.87% 15 Sep
FXI China 8.98
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.13 σ
-1.54 σ
-1.17 σ
 -5.94% 15 Sep
EZA South Africa 8.96
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.95 σ
-1.49 σ
-1.71 σ
 -0.46% 15 Sep
EPU Perù 8.72
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.76 σ
-2.80 σ
-2.62 σ
 +6.26% 15 Sep
EPHE Philippines 7.84
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.79 σ
-2.38 σ
-3.19 σ
 -5.38% 15 Sep
EWM Malaysia 7.76
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.33 σ
-9.13 σ
-9.11 σ
 -2.88% 15 Sep
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).