Global P/E Ratios by Country

 
 
7
12
17
22
27
1Y Avg
5Y Avg
10Y Avg
20Y Avg
< -2σ
-2σ
+2σ
> +2σ
Cheap
Neutral
Expensive

It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.

A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.

Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.

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
Country Trend P/E 5 Years 10 Years 20 Years 5 Years 10 Years 20 Years 5 Years 10 Years 20 Years
New Zealand ENZL 25.46
Neutral
Neutral
Expensive
26.95 25.02 19.32
-0.35 σ
+0.10 σ
+1.27 σ
28 Feb
India INDA 24.38
Expensive
Expensive
Expensive
21.16 18.97 16.84
+1.91 σ
+2.64 σ
+3.15 σ
28 Feb
United States VTI 22.95
Expensive
Expensive
Expensive
19.84 18.07 15.89
+1.59 σ
+2.68 σ
+3.68 σ
28 Feb
Nigeria NGE 22.89
Expensive
-
-
5.13 - -
+17.48 σ
-
-
28 Feb
Argentina ARGT 19.72
Expensive
Expensive
Expensive
11.84 11.09 10.22
+6.87 σ
+4.94 σ
+4.43 σ
28 Feb
Taiwan EWT 18.38
Expensive
Expensive
Expensive
14.89 13.84 13.37
+2.21 σ
+3.68 σ
+4.12 σ
28 Feb
Switzerland EWL 17.64
Neutral
Neutral
Expensive
18.14 17.25 15.30
-0.38 σ
+0.36 σ
+1.28 σ
28 Feb
Thailand THD 17.44
Neutral
Neutral
Neutral
18.95 17.76 15.16
-0.75 σ
-0.16 σ
+0.79 σ
28 Feb
France EWQ 17.10
Expensive
Expensive
Expensive
15.06 14.48 12.93
+1.20 σ
+2.31 σ
+2.63 σ
28 Feb
Australia EWA 16.73
Neutral
Expensive
Expensive
15.85 15.41 14.40
+0.63 σ
+1.42 σ
+1.96 σ
28 Feb
Japan EWJ 16.38
Expensive
Expensive
Expensive
14.13 13.78 14.53
+1.46 σ
+2.59 σ
+1.13 σ
28 Feb
Netherlands EWN 16.09
Neutral
Neutral
Expensive
18.85 16.60 13.81
-0.97 σ
-0.24 σ
+1.01 σ
28 Feb
Denmark EDEN 15.99
Neutral
Cheap
Neutral
19.52 18.48 16.30
-0.83 σ
-1.06 σ
-0.18 σ
28 Feb
Malaysia EWM 15.86
Expensive
Expensive
Expensive
14.60 15.08 14.51
+1.42 σ
+1.16 σ
+1.58 σ
28 Feb
Vietnam VNM 15.75
Neutral
-
-
16.85 - -
-0.35 σ
-
-
28 Feb
Canada EWC 15.38
Expensive
Neutral
Expensive
14.16 14.67 14.13
+1.16 σ
+0.76 σ
+1.34 σ
28 Feb
Hong Kong EWH 15.02
Neutral
Neutral
Neutral
15.17 14.99 15.22
-0.13 σ
+0.03 σ
-0.20 σ
28 Feb
Ireland EIRL 15.00
Neutral
Neutral
Neutral
16.62 16.39 16.02
-0.55 σ
-0.70 σ
-0.40 σ
28 Feb
Sweden EWD 14.88
Neutral
Neutral
Neutral
15.99 15.76 14.64
-0.62 σ
-0.79 σ
+0.17 σ
28 Feb
Germany EWG 13.06
Neutral
Neutral
Neutral
13.14 12.98 12.24
-0.06 σ
+0.08 σ
+0.76 σ
28 Feb
Indonesia EIDO 12.48
Cheap
Cheap
Neutral
14.30 14.69 13.47
-1.42 σ
-2.46 σ
-0.66 σ
28 Feb
Perù EPU 12.44
Neutral
Neutral
Neutral
11.83 12.46 12.39
+0.35 σ
-0.02 σ
+0.03 σ
28 Feb
Belgium EWK 12.30
Cheap
Cheap
Neutral
16.13 17.02 14.28
-1.42 σ
-2.74 σ
-0.78 σ
28 Feb
Israel EIS 12.14
Neutral
Expensive
Neutral
10.86 10.77 11.08
+0.84 σ
+1.65 σ
+0.63 σ
28 Feb
Qatar QAT 11.76
Cheap
-
-
14.37 - -
-1.71 σ
-
-
28 Feb
Mexico EWW 11.74
Cheap
Cheap
Cheap
13.05 14.95 14.26
-1.46 σ
-1.69 σ
-1.45 σ
28 Feb
Portugal PGAL 11.39
Cheap
Cheap
Cheap
16.69 15.89 14.32
-2.31 σ
-2.58 σ
-1.62 σ
27 Feb
Philippines EPHE 11.30
Cheap
Cheap
Cheap
15.30 16.74 15.32
-2.49 σ
-3.92 σ
-2.03 σ
28 Feb
Singapore EWS 11.07
Cheap
Cheap
Cheap
13.27 13.06 13.37
-1.97 σ
-2.32 σ
-2.79 σ
28 Feb
South Korea EWY 10.66
Neutral
Expensive
Expensive
10.44 9.80 9.59
+0.24 σ
+1.08 σ
+1.21 σ
28 Feb
United Kingdom EWU 10.52
Cheap
Cheap
Cheap
11.82 13.05 12.21
-1.06 σ
-1.94 σ
-1.12 σ
28 Feb
South Africa EZA 10.39
Neutral
Cheap
Neutral
10.20 12.55 11.55
+0.18 σ
-1.03 σ
-0.71 σ
28 Feb
Poland EPOL 10.27
Neutral
Neutral
Cheap
10.07 11.37 11.60
+0.10 σ
-0.76 σ
-1.09 σ
28 Feb
Spain EWP 10.17
Cheap
Cheap
Cheap
11.80 12.49 11.76
-1.04 σ
-1.65 σ
-1.05 σ
28 Feb
Italy EWI 9.91
Neutral
Cheap
Neutral
10.62 11.79 11.40
-0.40 σ
-1.19 σ
-0.86 σ
28 Feb
Egypt EGPT 9.81
Expensive
Neutral
Neutral
7.14 8.51 9.28
+3.51 σ
+0.95 σ
+0.30 σ
28 Feb
Norway NORW 8.65
Cheap
Cheap
Cheap
11.95 12.65 11.63
-1.29 σ
-2.40 σ
-1.93 σ
28 Feb
China FXI 8.11
Cheap
Cheap
Cheap
11.49 11.01 11.16
-1.83 σ
-1.94 σ
-1.83 σ
28 Feb
Brazil EWZ 7.98
Neutral
Cheap
Cheap
9.17 10.34 9.68
-0.52 σ
-1.36 σ
-1.00 σ
28 Feb
Greece GREK 7.08
Cheap
Cheap
Cheap
11.31 11.97 11.65
-2.21 σ
-2.92 σ
-2.09 σ
28 Feb
Austria EWO 6.91
Neutral
Cheap
Cheap
8.54 10.03 10.31
-0.87 σ
-1.81 σ
-2.03 σ
28 Feb
Chile ECH 6.58
Cheap
Cheap
Cheap
11.51 13.84 15.04
-1.50 σ
-2.95 σ
-5.89 σ
28 Feb
Turkey TUR 6.03
Neutral
Neutral
Cheap
5.50 6.79 8.27
+0.82 σ
-0.57 σ
-1.32 σ
28 Feb
Pakistan PAK 5.81
Neutral
Neutral
Cheap
4.99 6.87 7.80
+0.83 σ
-0.62 σ
-1.13 σ
27 Feb
Colombia GXG 5.67
Cheap
Cheap
Cheap
8.58 11.00 13.69
-1.34 σ
-2.30 σ
-2.91 σ
28 Feb
Methodology
The Average P/E (μ) and the Standard Deviation (σ) are calculated excluding 20% outliers (i.e. it's calculated over a range of values excluding 10% of observations from the top and 10% from the bottom of the dataset).

In this website, a P/E between (μ - σ) and (μ + σ) is considered "Neutral" or "Normal", over a specific timeframe. Likewise, a P/E greater than (μ + σ) is defined "Expensive", and less than (μ - σ) is defined "Cheap"

The Trend is considered positive if the ETF price is higher than the 200-day moving average (SMA).