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 27.74
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.75 σ
+6.25 σ
+7.32 σ
 +30.09% 09:30 AM
ENZL New Zealand 24.91
Fair
Fair
Fair
 26.84 27.52 21.67
-0.51 σ
-0.66 σ
+0.59 σ
 -0.86% 09:30 AM
VTI United States 23.93
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.32 σ
+1.13 σ
+2.22 σ
 +5.98% 09:30 AM
EWL Switzerland 23.59
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.30 σ
+2.41 σ
+3.17 σ
 -1.93% 09:30 AM
INDA India 21.38
Undervalued
Fair
Overvalued
 23.11 21.00 18.17
-1.37 σ
+0.16 σ
+1.10 σ
 -5.79% 09:30 AM
EWA Australia 19.85
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.82 σ
+1.54 σ
+2.64 σ
 -0.35% 09:30 AM
EWJ Japan 18.83
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.37 σ
+2.76 σ
+2.74 σ
 +7.44% 09:30 AM
EWN Netherlands 18.69
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.77 σ
+0.74 σ
+1.66 σ
 +6.17% 09:30 AM
EWS Singapore 18.66
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.73 σ
+4.43 σ
+5.17 σ
 +12.38% 09:30 AM
EWC Canada 18.56
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.78 σ
+1.65 σ
+3.04 σ
 +2.50% 09:30 AM
EWG Germany 17.66
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.24 σ
+2.09 σ
+3.47 σ
 -0.63% 09:30 AM
EIS Israel 17.19
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.14 σ
+3.89 σ
+3.97 σ
 -0.83% 09:30 AM
EWQ France 17.12
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.23 σ
+0.80 σ
+1.62 σ
 -3.61% 09:30 AM
EWU United Kingdom 16.62
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.86 σ
+1.59 σ
+2.41 σ
 +1.40% 09:30 AM
EWP Spain 15.73
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.39 σ
+2.57 σ
+2.58 σ
 +5.49% 09:30 AM
EDEN Denmark 15.68
Fair
Fair
Fair
 15.88 17.96 16.59
-0.10 σ
-0.85 σ
-0.50 σ
 -1.78% 09:30 AM
EIRL Ireland 15.49
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.03 σ
-0.02 σ
-0.31 σ
 +9.13% 09:30 AM
EWI Italy 14.80
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.18 σ
+2.08 σ
+2.22 σ
 +3.68% 09:30 AM
EWK Belgium 14.73
Fair
Undervalued
Fair
 15.96 16.82 15.08
-0.49 σ
-1.09 σ
-0.14 σ
 +1.64% 09:30 AM
EWD Sweden 14.37
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.81 σ
-1.20 σ
-0.38 σ
 -0.82% 09:30 AM
THD Thailand 14.34
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.37 σ
-1.53 σ
-0.71 σ
 +4.44% 09:30 AM
ARGT Argentina 13.89
Fair
Fair
Overvalued
 13.17 12.84 10.86
+0.33 σ
+0.73 σ
+1.17 σ
 -6.68% 09:30 AM
VNM Vietnam 13.42
Fair
Undervalued
-
 15.01 16.91 -
-0.80 σ
-1.30 σ
-
 -5.94% 09:30 AM
EWO Austria 13.34
Overvalued
Overvalued
Expensive
 8.68 9.77 9.96
+1.85 σ
+1.82 σ
+2.08 σ
 +12.02% 09:30 AM
EPOL Poland 13.33
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.55 σ
+1.58 σ
+1.50 σ
 +13.50% 09:30 AM
EWH Hong Kong 13.05
Undervalued
Cheap
Cheap
 15.51 15.46 15.28
-1.99 σ
-2.33 σ
-2.10 σ
 -1.46% 09:30 AM
NORW Norway 13.00
Overvalued
Fair
Fair
 10.78 12.68 11.67
+1.15 σ
+0.17 σ
+0.79 σ
 +2.69% 09:30 AM
TUR Turkey 12.48
Overvalued
Expensive
Expensive
 7.11 6.56 7.99
+1.72 σ
+3.95 σ
+2.70 σ
 -9.89% 09:30 AM
EWW Mexico 11.98
Fair
Undervalued
Undervalued
 12.39 13.46 14.26
-0.55 σ
-1.16 σ
-1.32 σ
 -4.50% 09:30 AM
GREK Greece 11.68
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.32 σ
+0.18 σ
+0.36 σ
 +16.34% 09:30 AM
ECH Chile 11.43
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.59 σ
-0.60 σ
-1.69 σ
 -6.84% 09:30 AM
QAT Qatar 10.75
Undervalued
Undervalued
-
 12.31 13.33 -
-1.05 σ
-1.88 σ
-
 -10.62% 09:30 AM
EWY South Korea 10.12
Fair
Fair
Fair
 10.85 10.40 9.99
-0.39 σ
-0.21 σ
+0.13 σ
 +18.91% 09:30 AM
EWZ Brazil 10.02
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.10 σ
-0.03 σ
-0.07 σ
 -0.23% 09:30 AM
COLO Colombia 9.99
Overvalued
Fair
Fair
 7.27 9.44 12.26
+1.69 σ
+0.25 σ
-0.82 σ
 +11.49% 09:30 AM
EIDO Indonesia 8.97
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-3.04 σ
-3.24 σ
-3.86 σ
 -20.38% 09:30 AM
FXI China 8.92
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.20 σ
-1.58 σ
-1.20 σ
 -5.98% 09:30 AM
EPU Perù 8.81
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.72 σ
-2.74 σ
-2.56 σ
 +5.92% 09:30 AM
EZA South Africa 8.38
Undervalued
Undervalued
Cheap
 10.69 11.86 11.89
-1.27 σ
-1.78 σ
-2.04 σ
 -6.90% 09:30 AM
EWM Malaysia 7.79
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.28 σ
-9.09 σ
-9.07 σ
 -2.62% 09:30 AM
EPHE Philippines 7.58
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.91 σ
-2.48 σ
-3.31 σ
 -8.26% 09:30 AM
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).