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 30.78
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.89 σ
+0.87 σ
+1.75 σ
 +5.20% 03:59 PM
VTI United States 27.15
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.95 σ
+2.64 σ
+3.72 σ
 +7.77% 03:59 PM
INDA India 23.87
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.64 σ
+1.31 σ
+2.09 σ
 -0.46% 03:59 PM
EWL Switzerland 23.78
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.85 σ
+3.22 σ
+3.68 σ
 +12.60% 03:59 PM
EWA Australia 22.18
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.12 σ
+3.33 σ
+4.54 σ
 +9.10% 03:59 PM
EWT Taiwan 21.42
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.35 σ
+3.67 σ
+4.50 σ
 +16.14% 03:59 PM
EWC Canada 20.56
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.01 σ
+3.52 σ
+5.16 σ
 +14.32% 03:59 PM
EWU United Kingdom 20.39
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.64 σ
+4.10 σ
+5.01 σ
 +12.64% 03:59 PM
EWH Hong Kong 20.19
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.10 σ
+5.39 σ
+5.00 σ
 +13.15% 03:59 PM
EWK Belgium 20.03
Overvalued
Overvalued
Overvalued
 16.15 16.88 14.85
+1.44 σ
+1.62 σ
+1.99 σ
 +16.38% 03:27 PM
EWQ France 19.56
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.59 σ
+2.46 σ
+3.02 σ
 +7.59% 03:59 PM
EWN Netherlands 19.33
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.49 σ
+1.24 σ
+2.13 σ
 +12.78% 03:57 PM
EWD Sweden 18.63
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.93 σ
+1.64 σ
+2.42 σ
 +13.15% 03:56 PM
EWG Germany 18.62
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.09 σ
+3.40 σ
+4.70 σ
 +6.16% 03:59 PM
EWY South Korea 18.43
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+6.95 σ
+7.81 σ
+9.10 σ
 +53.01% 03:59 PM
EIS Israel 18.15
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.26 σ
+5.39 σ
+4.69 σ
 +23.54% 03:58 PM
EWJ Japan 18.02
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.22 σ
+2.71 σ
+2.27 σ
 +15.76% 03:59 PM
EPU Perù 17.51
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.79 σ
+3.34 σ
+3.61 σ
 +53.57% 03:59 PM
EWS Singapore 16.99
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.40 σ
+3.65 σ
+3.83 σ
 +4.03% 03:59 PM
VNM Vietnam 16.85
Fair
-
-
 15.64 - -
+0.44 σ
-
-
 +8.19% 03:59 PM
EZA South Africa 16.79
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.75 σ
+2.40 σ
+2.95 σ
 +24.16% 03:59 PM
ARGT Argentina 16.68
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.16 σ
+3.28 σ
+2.43 σ
 +11.31% 03:59 PM
EDEN Denmark 16.38
Fair
Fair
Fair
 16.80 18.18 16.55
-0.14 σ
-0.69 σ
-0.09 σ
 +5.24% 03:27 PM
EWM Malaysia 16.28
Expensive
Overvalued
Expensive
 14.33 15.08 14.70
+2.57 σ
+1.59 σ
+2.00 σ
 +16.24% 03:59 PM
ECH Chile 16.06
Expensive
Overvalued
Fair
 10.14 13.16 14.57
+2.40 σ
+1.05 σ
+0.82 σ
 +32.09% 03:59 PM
EWO Austria 15.76
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.81 σ
+3.41 σ
+3.62 σ
 +24.78% 03:59 PM
TUR Turkey 15.63
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.64 σ
+7.72 σ
+4.75 σ
 +22.47% 03:59 PM
THD Thailand 15.44
Fair
Undervalued
Fair
 17.57 17.52 15.81
-0.94 σ
-1.03 σ
-0.15 σ
 +18.58% 03:59 PM
EIRL Ireland 15.01
Fair
Fair
Fair
 15.22 15.60 16.16
-0.10 σ
-0.32 σ
-0.47 σ
 +12.15% 03:42 PM
EWP Spain 14.79
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.81 σ
+2.40 σ
+2.15 σ
 +19.03% 03:59 PM
NORW Norway 14.77
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.07 σ
+1.18 σ
+2.01 σ
 +16.47% 03:40 PM
EWI Italy 14.14
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.99 σ
+1.86 σ
+1.88 σ
 +13.46% 03:59 PM
EWW Mexico 14.04
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.68 σ
+0.22 σ
-0.13 σ
 +24.20% 03:59 PM
EPOL Poland 13.80
Overvalued
Expensive
Overvalued
 10.15 11.03 11.45
+1.76 σ
+2.04 σ
+1.91 σ
 +17.51% 03:59 PM
EWZ Brazil 12.88
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+3.92 σ
+1.53 σ
+2.01 σ
 +27.16% 03:59 PM
QAT Qatar 12.74
Fair
-
-
 13.10 - -
-0.17 σ
-
-
 +4.60% 04:00 PM
EIDO Indonesia 12.48
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.35 σ
-1.21 σ
-0.96 σ
 -2.85% 03:59 PM
FXI China 11.20
Fair
Fair
Fair
 10.28 11.16 11.03
+0.73 σ
+0.03 σ
+0.10 σ
 +2.48% 03:59 PM
GREK Greece 10.86
Fair
Fair
Fair
 9.51 11.34 10.99
+0.68 σ
-0.25 σ
-0.06 σ
 +18.85% 03:59 PM
EPHE Philippines 9.49
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.29 σ
-2.15 σ
-2.65 σ
 +1.43% 03:59 PM
COLO Colombia 9.44
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.39 σ
-0.02 σ
-1.05 σ
 +25.54% 03:56 PM
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).