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 28.00
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.27 σ
+0.15 σ
+1.20 σ
 +1.00% 08 May
VTI United States 25.92
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.26 σ
+2.00 σ
+3.10 σ
 +9.32% 08 May
EWT Taiwan 25.06
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.61 σ
+5.40 σ
+6.34 σ
 +41.55% 08 May
EWL Switzerland 22.37
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.04 σ
+2.15 σ
+2.86 σ
 +5.85% 08 May
INDA India 21.45
Undervalued
Fair
Overvalued
 23.07 20.77 18.01
-1.27 σ
+0.28 σ
+1.20 σ
 -4.54% 08 May
EWY South Korea 21.10
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+8.60 σ
+9.37 σ
+11.44 σ
 +79.67% 08 May
EWA Australia 21.07
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.48 σ
+2.43 σ
+3.60 σ
 +7.68% 08 May
EWC Canada 19.64
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.40 σ
+2.55 σ
+4.18 σ
 +9.88% 08 May
EWH Hong Kong 18.59
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.66 σ
+3.37 σ
+3.28 σ
 +8.98% 08 May
EWU United Kingdom 18.08
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.53 σ
+2.55 σ
+3.44 σ
 +6.11% 08 May
EWK Belgium 17.82
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.64 σ
+0.48 σ
+1.09 σ
 +7.86% 08 May
EIS Israel 17.75
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.88 σ
+4.74 σ
+4.43 σ
 +24.86% 08 May
EWQ France 17.62
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.53 σ
+1.20 σ
+1.97 σ
 +2.82% 08 May
EWJ Japan 17.58
Overvalued
Expensive
Expensive
 14.84 14.40 14.43
+1.91 σ
+2.20 σ
+2.01 σ
 +10.43% 08 May
EWN Netherlands 17.56
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.05 σ
+0.28 σ
+1.31 σ
 +12.34% 08 May
EWG Germany 17.16
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.26 σ
+2.13 σ
+3.39 σ
 +1.94% 08 May
VNM Vietnam 17.02
Fair
Fair
-
 15.32 16.73 -
+0.73 σ
+0.10 σ
-
 +9.12% 08 May
TUR Turkey 16.64
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.35 σ
+8.12 σ
+5.36 σ
 +18.53% 08 May
NORW Norway 16.56
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+2.99 σ
+2.10 σ
+3.03 σ
 +18.97% 08 May
EDEN Denmark 16.43
Fair
Fair
Fair
 16.28 18.06 16.55
+0.06 σ
-0.61 σ
-0.07 σ
 +1.10% 08 May
THD Thailand 16.17
Fair
Fair
Fair
 17.23 17.41 15.89
-0.52 σ
-0.62 σ
+0.12 σ
 +14.17% 08 May
EWS Singapore 16.07
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.51 σ
+2.53 σ
+2.78 σ
 +2.40% 08 May
EWD Sweden 15.84
Fair
Fair
Fair
 16.33 16.19 14.90
-0.22 σ
-0.23 σ
+0.59 σ
 +4.51% 08 May
EWM Malaysia 15.47
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.29 σ
+0.50 σ
+0.94 σ
 +11.46% 08 May
ARGT Argentina 15.23
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.15 σ
+1.92 σ
+1.76 σ
 +3.04% 08 May
EWP Spain 14.48
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.56 σ
+1.95 σ
+1.89 σ
 +9.63% 08 May
EWW Mexico 14.17
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.82 σ
+0.38 σ
-0.06 σ
 +13.54% 08 May
EPU Perù 14.07
Fair
Fair
Overvalued
 12.13 12.84 12.31
+0.97 σ
+0.84 σ
+1.23 σ
 +18.11% 08 May
EWO Austria 13.77
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.58 σ
+2.22 σ
+2.38 σ
 +16.82% 08 May
EIRL Ireland 13.53
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.83 σ
-1.07 σ
-1.09 σ
 +6.40% 08 May
ECH Chile 13.31
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.31 σ
+0.06 σ
-0.68 σ
 +9.41% 08 May
EWI Italy 13.04
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.37 σ
+1.05 σ
+1.18 σ
 +10.67% 08 May
EWZ Brazil 12.76
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.54 σ
+1.41 σ
+1.86 σ
 +16.44% 08 May
EPOL Poland 12.35
Overvalued
Fair
Fair
 10.13 11.05 11.45
+1.08 σ
+0.95 σ
+0.73 σ
 +11.33% 08 May
QAT Qatar 11.55
Fair
Undervalued
-
 12.78 13.38 -
-0.66 σ
-1.39 σ
-
 -0.85% 08 May
COLO Colombia 11.25
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.65 σ
+0.82 σ
-0.39 σ
 +2.29% 08 May
EIDO Indonesia 11.03
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.39 σ
-2.10 σ
-2.19 σ
 -15.31% 08 May
GREK Greece 10.88
Fair
Fair
Fair
 9.40 11.35 10.93
+0.80 σ
-0.24 σ
-0.02 σ
 +7.61% 08 May
EZA South Africa 10.12
Fair
Fair
Undervalued
 10.73 12.08 11.91
-0.34 σ
-1.00 σ
-1.06 σ
 +7.22% 08 May
FXI China 10.11
Fair
Fair
Fair
 10.10 11.17 11.00
+0.01 σ
-0.79 σ
-0.53 σ
 -3.61% 08 May
EPHE Philippines 8.42
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.61 σ
-2.38 σ
-3.04 σ
 -1.17% 08 May
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).