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 26.23
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.24 σ
+5.48 σ
+6.50 σ
 +26.41% 09:30 AM
ENZL New Zealand 25.03
Fair
Fair
Fair
 26.84 27.52 21.67
-0.47 σ
-0.63 σ
+0.61 σ
 -0.39% 09:30 AM
VTI United States 24.55
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.55 σ
+1.34 σ
+2.42 σ
 +6.57% 09:30 AM
EWL Switzerland 23.77
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.37 σ
+2.50 σ
+3.24 σ
 -0.99% 09:30 AM
INDA India 22.04
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.85 σ
+0.44 σ
+1.33 σ
 -3.47% 09:30 AM
EWA Australia 20.34
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+1.00 σ
+1.79 σ
+2.90 σ
 +2.56% 09:30 AM
EWC Canada 19.08
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.96 σ
+1.93 σ
+3.43 σ
 +6.04% 09:30 AM
EWJ Japan 19.05
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.51 σ
+2.91 σ
+2.88 σ
 +9.59% 09:30 AM
EWS Singapore 18.74
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.77 σ
+4.49 σ
+5.25 σ
 +13.86% 09:30 AM
EWN Netherlands 18.39
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.58 σ
+0.58 σ
+1.54 σ
 +5.16% 09:30 AM
EWG Germany 17.97
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.37 σ
+2.27 σ
+3.68 σ
 +1.28% 09:30 AM
EIS Israel 17.51
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.28 σ
+4.11 σ
+4.18 σ
 +1.77% 09:30 AM
EWQ France 17.48
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.41 σ
+1.00 σ
+1.79 σ
 -1.63% 09:30 AM
EWU United Kingdom 16.93
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.96 σ
+1.75 σ
+2.59 σ
 +3.82% 09:30 AM
EDEN Denmark 16.35
Fair
Fair
Fair
 15.88 17.96 16.59
+0.22 σ
-0.60 σ
-0.13 σ
 +2.48% 09:30 AM
EWP Spain 15.90
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.51 σ
+2.69 σ
+2.68 σ
 +7.45% 09:30 AM
EIRL Ireland 15.59
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.14 σ
+0.03 σ
-0.27 σ
 +10.59% 09:30 AM
ARGT Argentina 15.32
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.98 σ
+1.73 σ
+1.72 σ
 +2.92% 09:30 AM
EWI Italy 15.07
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.32 σ
+2.24 σ
+2.38 σ
 +6.24% 09:30 AM
EWK Belgium 15.03
Fair
Fair
Fair
 15.96 16.82 15.08
-0.37 σ
-0.93 σ
-0.02 σ
 +4.25% 09:30 AM
EWD Sweden 14.58
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.71 σ
-1.07 σ
-0.25 σ
 +0.96% 09:30 AM
THD Thailand 14.53
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.26 σ
-1.43 σ
-0.63 σ
 +6.85% 09:30 AM
TUR Turkey 14.01
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.22 σ
+4.98 σ
+3.63 σ
 +1.63% 09:30 AM
VNM Vietnam 13.68
Fair
Undervalued
-
 15.01 16.91 -
-0.67 σ
-1.20 σ
-
 -4.41% 09:30 AM
EPOL Poland 13.54
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.65 σ
+1.73 σ
+1.67 σ
 +16.90% 09:30 AM
NORW Norway 13.44
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.39 σ
+0.41 σ
+1.06 σ
 +7.39% 09:30 AM
EWH Hong Kong 13.25
Undervalued
Cheap
Undervalued
 15.51 15.46 15.28
-1.84 σ
-2.14 σ
-1.92 σ
 +0.10% 09:30 AM
EWO Austria 13.09
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.75 σ
+1.69 σ
+1.92 σ
 +11.38% 09:30 AM
EWW Mexico 12.36
Fair
Fair
Undervalued
 12.39 13.46 14.26
-0.04 σ
-0.85 σ
-1.10 σ
 -1.10% 09:30 AM
GREK Greece 11.76
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.37 σ
+0.23 σ
+0.40 σ
 +18.71% 09:30 AM
ECH Chile 11.70
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.70 σ
-0.51 σ
-1.54 σ
 -4.50% 09:30 AM
QAT Qatar 11.20
Fair
Undervalued
-
 12.31 13.33 -
-0.74 σ
-1.55 σ
-
 -7.36% 09:30 AM
COLO Colombia 10.96
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.29 σ
+0.69 σ
-0.47 σ
 +24.05% 09:30 AM
EWZ Brazil 10.46
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.37 σ
+0.20 σ
+0.23 σ
 +4.74% 09:30 AM
EWY South Korea 9.84
Fair
Fair
Fair
 10.85 10.40 9.99
-0.53 σ
-0.42 σ
-0.14 σ
 +19.13% 09:30 AM
EIDO Indonesia 9.79
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.32 σ
-2.70 σ
-3.19 σ
 -15.02% 09:30 AM
FXI China 9.13
Fair
Undervalued
Undervalued
 9.87 11.11 10.95
-0.95 σ
-1.44 σ
-1.08 σ
 -4.50% 09:30 AM
EZA South Africa 8.94
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.96 σ
-1.50 σ
-1.72 σ
 -0.66% 09:30 AM
EPU Perù 8.83
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.71 σ
-2.73 σ
-2.54 σ
 +7.73% 09:30 AM
EPHE Philippines 7.94
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.74 σ
-2.35 σ
-3.15 σ
 -4.18% 09:30 AM
EWM Malaysia 7.85
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.22 σ
-9.02 σ
-9.00 σ
 -1.80% 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).