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
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
|
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 | 31.56 |
Fair
|
Overvalued
|
Expensive
|
27.75 | 26.57 | 20.59 |
+0.82 σ
|
+1.18 σ
|
+2.06 σ
|
+0.82% | 11 Jul |
|
VTI | United States | 25.32 |
Overvalued
|
Expensive
|
Expensive
|
21.99 | 19.24 | 16.38 |
+1.73 σ
|
+2.52 σ
|
+3.50 σ
|
+6.44% | 11 Jul |
|
INDA | India | 24.55 |
Overvalued
|
Overvalued
|
Expensive
|
22.89 | 20.18 | 17.67 |
+1.40 σ
|
+1.82 σ
|
+2.58 σ
|
+2.99% | 11 Jul |
|
EWL | Switzerland | 22.55 |
Overvalued
|
Expensive
|
Expensive
|
19.12 | 17.76 | 15.63 |
+1.76 σ
|
+3.41 σ
|
+3.40 σ
|
+7.13% | 11 Jul |
|
EWC | Canada | 21.20 |
Expensive
|
Expensive
|
Expensive
|
15.28 | 14.96 | 14.30 |
+3.15 σ
|
+5.24 σ
|
+6.34 σ
|
+9.46% | 11 Jul |
|
EWD | Sweden | 20.38 |
Expensive
|
Expensive
|
Expensive
|
16.15 | 15.76 | 14.72 |
+2.15 σ
|
+3.49 σ
|
+3.93 σ
|
+8.39% | 11 Jul |
|
EWA | Australia | 19.48 |
Overvalued
|
Expensive
|
Expensive
|
16.96 | 16.11 | 14.66 |
+1.17 σ
|
+2.30 σ
|
+3.39 σ
|
+4.99% | 11 Jul |
|
EWG | Germany | 18.73 |
Expensive
|
Expensive
|
Expensive
|
13.89 | 13.33 | 12.35 |
+2.71 σ
|
+4.60 σ
|
+5.42 σ
|
+17.27% | 11 Jul |
|
EWQ | France | 18.59 |
Overvalued
|
Expensive
|
Expensive
|
16.37 | 15.08 | 13.18 |
+1.25 σ
|
+2.29 σ
|
+2.88 σ
|
+9.62% | 11 Jul |
|
VNM | Vietnam | 17.93 |
Fair
|
-
|
-
|
15.80 | - | - |
+0.69 σ
|
-
|
-
|
+24.12% | 11 Jul |
|
EWU | United Kingdom | 17.84 |
Expensive
|
Expensive
|
Expensive
|
12.60 | 13.20 | 12.20 |
+2.57 σ
|
+3.09 σ
|
+3.79 σ
|
+8.23% | 11 Jul |
|
EWN | Netherlands | 17.32 |
Fair
|
Fair
|
Overvalued
|
18.69 | 16.77 | 14.13 |
-0.47 σ
|
+0.28 σ
|
+1.38 σ
|
+12.34% | 11 Jul |
|
EWK | Belgium | 17.17 |
Fair
|
Fair
|
Fair
|
16.33 | 16.88 | 14.64 |
+0.29 σ
|
+0.15 σ
|
+0.98 σ
|
+10.24% | 11 Jul |
|
EWT | Taiwan | 16.70 |
Fair
|
Overvalued
|
Overvalued
|
15.85 | 14.51 | 13.82 |
+0.39 σ
|
+1.26 σ
|
+1.90 σ
|
+10.76% | 11 Jul |
|
EWH | Hong Kong | 15.31 |
Fair
|
Fair
|
Fair
|
15.33 | 15.05 | 15.16 |
-0.02 σ
|
+0.30 σ
|
+0.16 σ
|
+12.91% | 11 Jul |
|
EDEN | Denmark | 15.17 |
Fair
|
Undervalued
|
Fair
|
18.29 | 18.45 | 16.55 |
-0.78 σ
|
-1.35 σ
|
-0.75 σ
|
+2.26% | 11 Jul |
|
EWJ | Japan | 14.94 |
Fair
|
Fair
|
Fair
|
14.94 | 14.07 | 14.43 |
-0.00 σ
|
+0.70 σ
|
+0.32 σ
|
+3.60% | 11 Jul |
|
EIS | Israel | 14.63 |
Overvalued
|
Expensive
|
Expensive
|
11.63 | 11.15 | 10.97 |
+1.71 σ
|
+3.14 σ
|
+2.43 σ
|
+22.82% | 11 Jul |
|
EWS | Singapore | 14.49 |
Fair
|
Overvalued
|
Overvalued
|
13.46 | 13.00 | 13.33 |
+0.87 σ
|
+1.53 σ
|
+1.31 σ
|
+12.31% | 11 Jul |
|
THD | Thailand | 14.07 |
Undervalued
|
Undervalued
|
Fair
|
18.58 | 17.82 | 15.69 |
-1.96 σ
|
-1.92 σ
|
-0.62 σ
|
-10.60% | 11 Jul |
|
EWM | Malaysia | 14.00 |
Fair
|
Undervalued
|
Fair
|
14.40 | 15.06 | 14.64 |
-0.49 σ
|
-1.40 σ
|
-0.77 σ
|
-0.68% | 11 Jul |
|
EZA | South Africa | 13.65 |
Expensive
|
Fair
|
Overvalued
|
10.34 | 12.20 | 11.80 |
+2.75 σ
|
+0.74 σ
|
+1.16 σ
|
+10.07% | 11 Jul |
|
EIRL | Ireland | 13.64 |
Fair
|
Undervalued
|
Undervalued
|
16.22 | 15.75 | 16.12 |
-0.92 σ
|
-1.16 σ
|
-1.01 σ
|
+7.30% | 11 Jul |
|
EWI | Italy | 13.10 |
Overvalued
|
Overvalued
|
Overvalued
|
10.62 | 11.43 | 11.16 |
+1.39 σ
|
+1.12 σ
|
+1.23 σ
|
+16.89% | 11 Jul |
|
EWW | Mexico | 12.59 |
Fair
|
Fair
|
Fair
|
12.62 | 13.97 | 14.23 |
-0.03 σ
|
-0.80 σ
|
-0.93 σ
|
+12.26% | 11 Jul |
|
EPOL | Poland | 12.43 |
Overvalued
|
Overvalued
|
Fair
|
10.10 | 10.98 | 11.48 |
+1.13 σ
|
+1.09 σ
|
+0.76 σ
|
+23.30% | 11 Jul |
|
EWP | Spain | 11.95 |
Fair
|
Fair
|
Fair
|
11.47 | 11.84 | 11.54 |
+0.31 σ
|
+0.09 σ
|
+0.28 σ
|
+20.22% | 11 Jul |
|
NORW | Norway | 11.79 |
Fair
|
Fair
|
Fair
|
11.05 | 12.52 | 11.54 |
+0.33 σ
|
-0.40 σ
|
+0.16 σ
|
+11.45% | 11 Jul |
|
EWY | South Korea | 11.73 |
Overvalued
|
Overvalued
|
Expensive
|
10.48 | 10.04 | 9.81 |
+1.08 σ
|
+1.78 σ
|
+2.17 σ
|
+23.60% | 11 Jul |
|
ECH | Chile | 11.72 |
Fair
|
Fair
|
Undervalued
|
10.38 | 13.13 | 14.65 |
+0.48 σ
|
-0.52 σ
|
-1.62 σ
|
+7.46% | 11 Jul |
|
ARGT | Argentina | 11.66 |
Fair
|
Fair
|
Fair
|
12.10 | 12.03 | 10.51 |
-0.28 σ
|
-0.29 σ
|
+0.49 σ
|
-2.34% | 11 Jul |
|
QAT | Qatar | 11.60 |
Fair
|
-
|
-
|
13.51 | - | - |
-0.87 σ
|
-
|
-
|
+2.90% | 11 Jul |
|
EPU | Perù | 11.57 |
Fair
|
Fair
|
Fair
|
12.36 | 12.61 | 12.39 |
-0.36 σ
|
-0.72 σ
|
-0.54 σ
|
+12.03% | 11 Jul |
|
EIDO | Indonesia | 11.36 |
Undervalued
|
Cheap
|
Undervalued
|
13.43 | 14.28 | 13.61 |
-1.34 σ
|
-2.18 σ
|
-1.75 σ
|
-4.18% | 11 Jul |
|
EWO | Austria | 11.23 |
Overvalued
|
Fair
|
Fair
|
8.28 | 9.55 | 9.94 |
+1.61 σ
|
+0.97 σ
|
+0.81 σ
|
+22.39% | 11 Jul |
|
GREK | Greece | 10.68 |
Fair
|
Fair
|
Fair
|
9.72 | 11.18 | 11.12 |
+0.43 σ
|
-0.24 σ
|
-0.19 σ
|
+33.59% | 11 Jul |
|
TUR | Turkey | 10.54 |
Expensive
|
Expensive
|
Overvalued
|
5.49 | 6.40 | 7.94 |
+5.60 σ
|
+3.57 σ
|
+1.61 σ
|
-2.47% | 11 Jul |
|
EWZ | Brazil | 10.40 |
Overvalued
|
Fair
|
Fair
|
8.01 | 9.97 | 9.84 |
+1.76 σ
|
+0.23 σ
|
+0.37 σ
|
+4.15% | 11 Jul |
|
FXI | China | 9.94 |
Fair
|
Fair
|
Fair
|
10.85 | 11.05 | 11.02 |
-0.45 σ
|
-0.78 σ
|
-0.64 σ
|
+8.96% | 11 Jul |
|
EPHE | Philippines | 9.93 |
Undervalued
|
Cheap
|
Cheap
|
13.77 | 15.51 | 15.28 |
-1.53 σ
|
-2.49 σ
|
-2.60 σ
|
+3.29% | 11 Jul |
|
GXG | Colombia | 8.24 |
Fair
|
Fair
|
Undervalued
|
7.43 | 9.68 | 12.74 |
+0.43 σ
|
-0.62 σ
|
-1.52 σ
|
+12.29% | 11 Jul |
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).