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 29.67
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.62 σ
+0.60 σ
+1.55 σ
 +0.54% 12:58 PM
VTI United States 26.68
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.76 σ
+2.47 σ
+3.55 σ
 +5.16% 01:00 PM
EWL Switzerland 23.96
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.93 σ
+3.32 σ
+3.76 σ
 +12.72% 12:59 PM
INDA India 23.34
Fair
Overvalued
Overvalued
 23.08 20.66 17.99
+0.21 σ
+1.09 σ
+1.90 σ
 -2.68% 01:00 PM
EWA Australia 22.53
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.27 σ
+3.53 σ
+4.75 σ
 +10.17% 12:59 PM
EWT Taiwan 21.86
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.54 σ
+3.92 σ
+4.76 σ
 +16.81% 01:00 PM
EWC Canada 20.62
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.03 σ
+3.56 σ
+5.21 σ
 +13.54% 01:00 PM
EWU United Kingdom 20.54
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.70 σ
+4.19 σ
+5.11 σ
 +12.63% 12:58 PM
EWK Belgium 20.27
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.53 σ
+1.74 σ
+2.09 σ
 +16.67% 12:41 PM
EWH Hong Kong 19.95
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+3.89 σ
+5.13 σ
+4.75 σ
 +10.66% 01:00 PM
EWY South Korea 19.63
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+7.99 σ
+8.95 σ
+10.38 σ
 +57.97% 01:00 PM
EWQ France 19.46
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.54 σ
+2.40 σ
+2.98 σ
 +6.57% 12:54 PM
EWN Netherlands 19.16
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.43 σ
+1.16 σ
+2.06 σ
 +10.87% 12:37 PM
EWD Sweden 18.59
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.92 σ
+1.62 σ
+2.39 σ
 +12.11% 12:05 PM
EWG Germany 18.40
Overvalued
Expensive
Expensive
 14.14 13.61 12.45
+1.98 σ
+3.25 σ
+4.53 σ
 +4.49% 12:59 PM
EIS Israel 18.09
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.23 σ
+5.35 σ
+4.66 σ
 +21.27% 12:58 PM
EWJ Japan 17.94
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.17 σ
+2.66 σ
+2.22 σ
 +14.15% 01:00 PM
VNM Vietnam 17.53
Fair
-
-
 15.64 - -
+0.69 σ
-
-
 +10.97% 12:58 PM
EWS Singapore 17.25
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.60 σ
+3.91 σ
+4.12 σ
 +5.08% 12:59 PM
EPU Perù 16.77
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.41 σ
+2.81 σ
+3.09 σ
 +43.41% 12:48 PM
EZA South Africa 16.52
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.59 σ
+2.27 σ
+2.79 σ
 +20.40% 12:59 PM
ARGT Argentina 16.47
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.05 σ
+3.11 σ
+2.34 σ
 +9.52% 01:00 PM
THD Thailand 16.31
Fair
Fair
Fair
 17.57 17.52 15.81
-0.56 σ
-0.60 σ
+0.20 σ
 +24.04% 12:59 PM
EWM Malaysia 16.28
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.57 σ
+1.58 σ
+2.00 σ
 +15.29% 12:51 PM
EDEN Denmark 15.78
Fair
Fair
Fair
 16.80 18.18 16.55
-0.33 σ
-0.91 σ
-0.42 σ
 +1.08% 12:34 PM
EWO Austria 15.49
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.67 σ
+3.26 σ
+3.45 σ
 +20.98% 11:48 AM
TUR Turkey 15.49
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.56 σ
+7.61 σ
+4.67 σ
 +20.08% 12:58 PM
ECH Chile 15.07
Overvalued
Fair
Fair
 10.14 13.16 14.57
+2.00 σ
+0.69 σ
+0.27 σ
 +22.42% 12:53 PM
NORW Norway 15.04
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.20 σ
+1.33 σ
+2.18 σ
 +17.45% 12:59 PM
EWP Spain 14.40
Expensive
Expensive
Overvalued
 11.29 11.86 11.55
+2.50 σ
+2.08 σ
+1.89 σ
 +14.57% 01:00 PM
EIRL Ireland 14.16
Fair
Fair
Fair
 15.22 15.60 16.16
-0.51 σ
-0.77 σ
-0.82 σ
 +5.16% 11:34 AM
EWW Mexico 13.91
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.53 σ
+0.13 σ
-0.21 σ
 +21.49% 12:59 PM
EWI Italy 13.66
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.72 σ
+1.53 σ
+1.58 σ
 +8.73% 12:59 PM
EPOL Poland 13.34
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.54 σ
+1.70 σ
+1.54 σ
 +12.66% 12:59 PM
EWZ Brazil 12.89
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+3.92 σ
+1.53 σ
+2.01 σ
 +25.57% 01:00 PM
EIDO Indonesia 12.60
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.26 σ
-1.12 σ
-0.86 σ
 -2.00% 12:59 PM
QAT Qatar 12.58
Fair
-
-
 13.10 - -
-0.25 σ
-
-
 +2.94% 12:17 PM
FXI China 10.93
Fair
Fair
Fair
 10.28 11.16 11.03
+0.52 σ
-0.17 σ
-0.06 σ
 -0.38% 01:00 PM
GREK Greece 10.37
Fair
Fair
Fair
 9.51 11.34 10.99
+0.43 σ
-0.50 σ
-0.28 σ
 +12.05% 12:47 PM
EPHE Philippines 9.62
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.24 σ
-2.09 σ
-2.58 σ
 +2.80% 12:58 PM
COLO Colombia 9.27
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.29 σ
-0.10 σ
-1.11 σ
 +21.62% 12:59 PM
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).