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
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 29.48
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.59 σ
+0.53 σ
+1.49 σ
 -4.14% 13 Mar
VTI United States 25.86
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.35 σ
+2.10 σ
+3.20 σ
 +0.45% 13 Mar
EWL Switzerland 23.32
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.56 σ
+2.85 σ
+3.41 σ
 +2.32% 13 Mar
EWT Taiwan 23.25
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.11 σ
+4.62 σ
+5.49 σ
 +10.25% 13 Mar
EWA Australia 22.30
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.10 σ
+3.29 σ
+4.51 σ
 +3.92% 13 Mar
EWH Hong Kong 20.17
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.08 σ
+5.26 σ
+4.91 σ
 +5.30% 13 Mar
EWC Canada 19.94
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.66 σ
+2.98 σ
+4.57 σ
 +8.23% 13 Mar
EWY South Korea 19.87
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.20 σ
+8.89 σ
+10.48 σ
 +35.56% 13 Mar
EWQ France 19.56
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.54 σ
+2.41 σ
+2.98 σ
 -3.09% 13 Mar
EWU United Kingdom 19.47
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.18 σ
+3.44 σ
+4.39 σ
 +5.99% 13 Mar
EWK Belgium 19.27
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.16 σ
+1.21 σ
+1.68 σ
 +1.80% 13 Mar
EWJ Japan 19.11
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.99 σ
+3.40 σ
+2.96 σ
 +2.98% 13 Mar
EWN Netherlands 18.80
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.36 σ
+0.95 σ
+1.87 σ
 +2.72% 13 Mar
EWG Germany 18.09
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.76 σ
+2.92 σ
+4.21 σ
 -5.15% 13 Mar
EWD Sweden 17.93
Fair
Overvalued
Overvalued
 16.45 16.15 14.88
+0.63 σ
+1.14 σ
+1.93 σ
 +2.43% 13 Mar
EPU Perù 16.91
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.48 σ
+2.82 σ
+3.19 σ
 +24.43% 13 Mar
EIS Israel 16.90
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.57 σ
+4.30 σ
+3.88 σ
 +14.34% 13 Mar
EZA South Africa 16.47
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.38 σ
+2.22 σ
+2.73 σ
 +4.15% 13 Mar
ARGT Argentina 16.46
Overvalued
Expensive
Expensive
 12.65 12.50 10.68
+1.95 σ
+3.01 σ
+2.31 σ
 -0.11% 13 Mar
EWS Singapore 16.30
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.81 σ
+2.91 σ
+3.07 σ
 -2.22% 13 Mar
EWM Malaysia 15.71
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.73 σ
+0.82 σ
+1.27 σ
 +9.15% 13 Mar
EWP Spain 15.48
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.37 σ
+2.87 σ
+2.59 σ
 +4.97% 13 Mar
EDEN Denmark 15.32
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.44 σ
-1.07 σ
-0.67 σ
 -10.60% 13 Mar
NORW Norway 15.29
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.33 σ
+1.44 σ
+2.30 σ
 +17.37% 13 Mar
VNM Vietnam 15.25
Fair
Fair
-
 15.52 16.63 -
-0.11 σ
-0.46 σ
-
 -3.71% 13 Mar
THD Thailand 14.86
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.20 σ
-1.31 σ
-0.41 σ
 +9.42% 13 Mar
EWO Austria 14.83
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.33 σ
+2.84 σ
+3.04 σ
 +4.02% 13 Mar
ECH Chile 14.73
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.86 σ
+0.56 σ
+0.09 σ
 +7.51% 13 Mar
EWW Mexico 14.62
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.33 σ
+0.64 σ
+0.20 σ
 +6.35% 13 Mar
EIRL Ireland 14.60
Fair
Fair
Fair
 15.09 15.59 16.16
-0.26 σ
-0.53 σ
-0.65 σ
 -2.10% 13 Mar
TUR Turkey 14.12
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.16 σ
+6.33 σ
+3.82 σ
 +10.41% 13 Mar
EWI Italy 13.49
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.63 σ
+1.39 σ
+1.47 σ
 +0.30% 13 Mar
EPOL Poland 13.16
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.44 σ
+1.54 σ
+1.39 σ
 +2.01% 13 Mar
EWZ Brazil 13.09
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.04 σ
+1.62 σ
+2.13 σ
 +12.77% 13 Mar
INDA India 12.59
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.51 σ
-3.33 σ
-1.91 σ
 -10.01% 13 Mar
QAT Qatar 12.18
Fair
Fair
-
 13.01 13.38 -
-0.41 σ
-0.92 σ
-
 -2.93% 13 Mar
EIDO Indonesia 11.98
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.71 σ
-1.53 σ
-1.39 σ
 -13.92% 13 Mar
GREK Greece 11.79
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.20 σ
+0.23 σ
+0.37 σ
 -2.28% 13 Mar
COLO Colombia 11.44
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.78 σ
+0.89 σ
-0.34 σ
 +8.15% 13 Mar
FXI China 10.44
Fair
Fair
Fair
 10.21 11.17 11.02
+0.20 σ
-0.54 σ
-0.35 σ
 -6.40% 13 Mar
EPHE Philippines 9.52
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.25 σ
-2.07 σ
-2.60 σ
 -3.74% 13 Mar
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).