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 26.47
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.32 σ
+5.60 σ
+6.63 σ
 +28.27% 10 Sep
ENZL New Zealand 25.29
Fair
Fair
Fair
 26.84 27.52 21.67
-0.41 σ
-0.56 σ
+0.66 σ
 +0.65% 10 Sep
VTI United States 24.38
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.49 σ
+1.28 σ
+2.37 σ
 +6.01% 10 Sep
EWL Switzerland 23.55
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.28 σ
+2.39 σ
+3.15 σ
 -1.85% 10 Sep
INDA India 21.84
Undervalued
Fair
Overvalued
 23.11 21.00 18.17
-1.00 σ
+0.36 σ
+1.26 σ
 -4.44% 10 Sep
EWA Australia 20.26
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.97 σ
+1.74 σ
+2.86 σ
 +2.29% 10 Sep
EWC Canada 18.94
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.91 σ
+1.86 σ
+3.33 σ
 +5.48% 10 Sep
EWJ Japan 18.75
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.33 σ
+2.71 σ
+2.69 σ
 +8.07% 10 Sep
EWS Singapore 18.55
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.67 σ
+4.33 σ
+5.06 σ
 +12.96% 10 Sep
EWN Netherlands 18.54
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.67 σ
+0.66 σ
+1.60 σ
 +6.21% 10 Sep
EWG Germany 17.87
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.32 σ
+2.21 σ
+3.61 σ
 +0.77% 10 Sep
EWQ France 17.45
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.39 σ
+0.98 σ
+1.77 σ
 -1.79% 10 Sep
EIS Israel 17.30
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.19 σ
+3.96 σ
+4.05 σ
 +0.77% 10 Sep
EWU United Kingdom 16.71
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.89 σ
+1.64 σ
+2.46 σ
 +2.57% 10 Sep
EDEN Denmark 16.50
Fair
Fair
Fair
 15.88 17.96 16.59
+0.30 σ
-0.54 σ
-0.05 σ
 +3.50% 10 Sep
EWP Spain 15.93
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.54 σ
+2.71 σ
+2.70 σ
 +7.92% 10 Sep
EIRL Ireland 15.67
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.22 σ
+0.08 σ
-0.24 σ
 +11.35% 10 Sep
ARGT Argentina 15.56
Overvalued
Overvalued
Overvalued
 13.17 12.84 10.86
+1.09 σ
+1.90 σ
+1.81 σ
 +4.63% 10 Sep
EWI Italy 15.04
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.30 σ
+2.23 σ
+2.36 σ
 +6.24% 10 Sep
EWK Belgium 14.85
Fair
Undervalued
Fair
 15.96 16.82 15.08
-0.44 σ
-1.03 σ
-0.09 σ
 +3.11% 10 Sep
THD Thailand 14.66
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.19 σ
-1.35 σ
-0.57 σ
 +8.09% 10 Sep
EWD Sweden 14.55
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.73 σ
-1.09 σ
-0.27 σ
 +0.85% 10 Sep
TUR Turkey 14.18
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.27 σ
+5.09 σ
+3.73 σ
 +3.02% 10 Sep
VNM Vietnam 14.13
Fair
Undervalued
-
 15.01 16.91 -
-0.44 σ
-1.03 σ
-
 -1.25% 10 Sep
NORW Norway 13.52
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.43 σ
+0.45 σ
+1.11 σ
 +8.35% 10 Sep
EPOL Poland 13.48
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.62 σ
+1.68 σ
+1.62 σ
 +16.75% 10 Sep
EWO Austria 13.38
Overvalued
Overvalued
Expensive
 8.68 9.77 9.96
+1.86 σ
+1.84 σ
+2.10 σ
 +14.20% 10 Sep
EWH Hong Kong 13.08
Undervalued
Cheap
Cheap
 15.51 15.46 15.28
-1.97 σ
-2.30 σ
-2.07 σ
 -1.08% 10 Sep
EWW Mexico 12.45
Fair
Fair
Undervalued
 12.39 13.46 14.26
+0.08 σ
-0.78 σ
-1.05 σ
 -0.26% 10 Sep
ECH Chile 11.84
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.76 σ
-0.45 σ
-1.46 σ
 -3.29% 10 Sep
GREK Greece 11.74
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.35 σ
+0.21 σ
+0.38 σ
 +18.85% 10 Sep
QAT Qatar 11.19
Fair
Undervalued
-
 12.31 13.33 -
-0.76 σ
-1.57 σ
-
 -7.58% 10 Sep
COLO Colombia 11.03
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.33 σ
+0.73 σ
-0.44 σ
 +25.34% 10 Sep
EWZ Brazil 10.67
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.50 σ
+0.31 σ
+0.38 σ
 +7.01% 10 Sep
EWY South Korea 10.07
Fair
Fair
Fair
 10.85 10.40 9.99
-0.41 σ
-0.25 σ
+0.09 σ
 +22.75% 10 Sep
EIDO Indonesia 9.71
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.38 σ
-2.75 σ
-3.25 σ
 -15.96% 10 Sep
EZA South Africa 9.04
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.91 σ
-1.45 σ
-1.66 σ
 +0.51% 10 Sep
FXI China 8.97
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.15 σ
-1.55 σ
-1.17 σ
 -6.25% 10 Sep
EPU Perù 8.94
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.65 σ
-2.65 σ
-2.46 σ
 +9.53% 10 Sep
EPHE Philippines 7.93
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.75 σ
-2.35 σ
-3.15 σ
 -4.33% 10 Sep
EWM Malaysia 7.86
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.20 σ
-9.01 σ
-8.99 σ
 -1.58% 10 Sep
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).