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 27.74
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.17 σ
+0.09 σ
+1.16 σ
 -1.99% 30 Apr
VTI United States 25.30
Overvalued
Overvalued
Expensive
 22.65 20.07 16.76
+1.05 σ
+1.84 σ
+2.95 σ
 +7.18% 30 Apr
EWT Taiwan 24.52
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.53 σ
+5.22 σ
+6.13 σ
 +34.38% 30 Apr
EWL Switzerland 22.52
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.15 σ
+2.31 σ
+2.98 σ
 +5.46% 30 Apr
INDA India 21.35
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.34 σ
+0.26 σ
+1.17 σ
 -5.64% 30 Apr
EWA Australia 20.28
Overvalued
Expensive
Expensive
 17.27 16.59 14.88
+1.21 σ
+2.06 σ
+3.21 σ
 +7.85% 30 Apr
EWC Canada 19.55
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.43 σ
+2.61 σ
+4.18 σ
 +11.56% 30 Apr
EWY South Korea 18.52
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+6.96 σ
+7.40 σ
+8.93 σ
 +56.36% 30 Apr
EIS Israel 17.97
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+3.06 σ
+5.02 σ
+4.58 σ
 +20.58% 30 Apr
EWH Hong Kong 17.94
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+2.15 σ
+2.79 σ
+2.66 σ
 +6.98% 30 Apr
EWK Belgium 17.83
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.63 σ
+0.48 σ
+1.11 σ
 +5.54% 30 Apr
EWU United Kingdom 17.68
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.46 σ
+2.38 σ
+3.24 σ
 +7.62% 30 Apr
EWN Netherlands 17.62
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.08 σ
+0.32 σ
+1.35 σ
 +7.83% 30 Apr
EWQ France 17.53
Fair
Overvalued
Overvalued
 16.58 15.49 13.42
+0.48 σ
+1.18 σ
+1.96 σ
 +2.01% 30 Apr
NORW Norway 17.50
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.48 σ
+2.62 σ
+3.64 σ
 +21.57% 30 Apr
EWJ Japan 17.25
Overvalued
Expensive
Overvalued
 14.84 14.34 14.43
+1.69 σ
+2.03 σ
+1.79 σ
 +7.35% 30 Apr
EWG Germany 17.01
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.22 σ
+2.10 σ
+3.35 σ
 +1.01% 30 Apr
EWD Sweden 16.98
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.25 σ
+0.51 σ
+1.31 σ
 +5.48% 30 Apr
EWS Singapore 15.89
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.44 σ
+2.45 σ
+2.61 σ
 +2.90% 30 Apr
TUR Turkey 15.87
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.52 σ
+7.62 σ
+4.90 σ
 +16.52% 30 Apr
VNM Vietnam 15.58
Fair
Fair
-
 15.43 16.68 -
+0.06 σ
-0.37 σ
-
 +4.62% 30 Apr
THD Thailand 15.57
Fair
Fair
Fair
 17.35 17.45 15.87
-0.84 σ
-0.94 σ
-0.12 σ
 +13.33% 30 Apr
ARGT Argentina 15.48
Overvalued
Expensive
Overvalued
 12.77 12.57 10.71
+1.33 σ
+2.16 σ
+1.88 σ
 +5.29% 30 Apr
EWM Malaysia 15.40
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.25 σ
+0.40 σ
+0.86 σ
 +8.73% 30 Apr
EDEN Denmark 15.30
Fair
Undervalued
Fair
 16.46 18.10 16.56
-0.42 σ
-1.06 σ
-0.68 σ
 -1.02% 30 Apr
EWO Austria 14.47
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.03 σ
+2.62 σ
+2.81 σ
 +15.20% 30 Apr
EWP Spain 14.37
Expensive
Overvalued
Overvalued
 11.29 11.92 11.57
+2.47 σ
+1.91 σ
+1.84 σ
 +9.32% 30 Apr
EPU Perù 13.87
Fair
Fair
Overvalued
 12.12 12.86 12.31
+0.87 σ
+0.68 σ
+1.08 σ
 +14.02% 30 Apr
EWW Mexico 13.66
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.26 σ
+0.00 σ
-0.35 σ
 +9.52% 30 Apr
EIRL Ireland 13.60
Fair
Undervalued
Undervalued
 14.97 15.57 16.17
-0.79 σ
-1.06 σ
-1.06 σ
 +5.17% 30 Apr
EWI Italy 13.58
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.67 σ
+1.42 σ
+1.52 σ
 +8.71% 30 Apr
ECH Chile 13.46
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.34 σ
+0.10 σ
-0.61 σ
 +10.70% 30 Apr
EWZ Brazil 12.73
Expensive
Overvalued
Overvalued
 7.99 10.04 10.02
+3.63 σ
+1.41 σ
+1.87 σ
 +19.45% 30 Apr
EPOL Poland 11.95
Fair
Fair
Fair
 10.16 11.05 11.46
+0.86 σ
+0.65 σ
+0.40 σ
 +10.06% 30 Apr
COLO Colombia 11.03
Expensive
Fair
Fair
 7.21 9.46 12.38
+2.51 σ
+0.70 σ
-0.48 σ
 +6.51% 30 Apr
EIDO Indonesia 10.75
Undervalued
Cheap
Cheap
 12.83 14.14 13.67
-1.66 σ
-2.36 σ
-2.43 σ
 -15.48% 30 Apr
QAT Qatar 10.75
Undervalued
Cheap
-
 12.91 13.39 -
-1.11 σ
-2.04 σ
-
 -2.93% 30 Apr
GREK Greece 10.03
Fair
Fair
Fair
 9.45 11.36 10.96
+0.30 σ
-0.68 σ
-0.42 σ
 +5.25% 30 Apr
FXI China 9.91
Fair
Fair
Fair
 10.16 11.17 11.02
-0.23 σ
-0.94 σ
-0.66 σ
 -4.87% 30 Apr
EZA South Africa 9.32
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.80 σ
-1.43 σ
-1.55 σ
 +2.69% 30 Apr
EPHE Philippines 8.46
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.64 σ
-2.42 σ
-3.05 σ
 -5.32% 30 Apr
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).