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 30.51
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+5.25 σ
+8.07 σ
+9.15 σ
 +36.84% 09:30 AM
ENZL New Zealand 27.04
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.03 σ
-0.11 σ
+1.00 σ
 +2.18% 09:30 AM
VTI United States 26.74
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.44 σ
+2.16 σ
+3.25 σ
 +8.56% 09:30 AM
EWL Switzerland 24.57
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.81 σ
+3.11 σ
+3.71 σ
 +5.15% 09:30 AM
INDA India 22.48
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.51 σ
+0.66 σ
+1.51 σ
 -3.85% 09:30 AM
EWN Netherlands 21.12
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.12 σ
+2.06 σ
+2.72 σ
 +10.32% 09:30 AM
EWA Australia 20.99
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.36 σ
+2.25 σ
+3.40 σ
 +2.12% 09:30 AM
EWC Canada 20.95
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.78 σ
+3.15 σ
+5.06 σ
 +6.72% 09:30 AM
EWY South Korea 19.87
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+6.55 σ
+7.72 σ
+9.92 σ
 +38.78% 09:30 AM
EWJ Japan 18.96
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.70 σ
+3.00 σ
+2.85 σ
 +8.71% 09:30 AM
EWQ France 18.58
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.00 σ
+1.69 σ
+2.36 σ
 +0.04% 09:30 AM
EWG Germany 17.61
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.34 σ
+2.24 σ
+3.58 σ
 -0.86% 09:30 AM
EWS Singapore 17.61
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.33 σ
+3.77 σ
+4.26 σ
 +10.64% 09:30 AM
EWU United Kingdom 17.58
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.24 σ
+2.14 σ
+3.05 σ
 +3.06% 09:30 AM
EWK Belgium 17.32
Fair
Fair
Fair
 16.07 16.87 15.03
+0.48 σ
+0.24 σ
+0.88 σ
 +4.84% 09:30 AM
EWH Hong Kong 16.76
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.11 σ
+1.36 σ
+1.44 σ
 -4.54% 09:30 AM
EIRL Ireland 16.59
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.72 σ
+0.57 σ
+0.17 σ
 +9.24% 09:30 AM
EWD Sweden 16.51
Fair
Fair
Fair
 16.17 16.22 14.93
+0.17 σ
+0.19 σ
+1.00 σ
 +0.26% 09:30 AM
EIS Israel 16.28
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.96 σ
+3.46 σ
+3.46 σ
 +1.99% 09:30 AM
EDEN Denmark 16.16
Fair
Fair
Fair
 16.04 18.01 16.57
+0.05 σ
-0.69 σ
-0.23 σ
 +2.66% 09:30 AM
THD Thailand 15.64
Fair
Fair
Fair
 17.03 17.31 15.94
-0.74 σ
-0.87 σ
-0.13 σ
 +10.58% 09:30 AM
EWP Spain 15.59
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.46 σ
+2.63 σ
+2.55 σ
 +8.85% 09:30 AM
VNM Vietnam 15.45
Fair
Fair
-
 15.18 16.84 -
+0.13 σ
-0.50 σ
-
 -1.84% 09:30 AM
ARGT Argentina 15.43
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.14 σ
+1.94 σ
+1.78 σ
 +4.07% 09:30 AM
TUR Turkey 15.36
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.12 σ
+6.65 σ
+4.51 σ
 +2.89% 09:30 AM
EWI Italy 15.13
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.49 σ
+2.37 σ
+2.46 σ
 +9.84% 09:30 AM
EPU Perù 14.53
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.17 σ
+1.13 σ
+1.53 σ
 +11.19% 09:30 AM
EWO Austria 14.27
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.48 σ
+2.41 σ
+2.67 σ
 +17.05% 09:30 AM
NORW Norway 13.86
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.60 σ
+0.63 σ
+1.34 σ
 -1.99% 09:30 AM
EPOL Poland 13.51
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.68 σ
+1.77 σ
+1.68 σ
 +10.43% 09:30 AM
EWM Malaysia 13.11
Undervalued
Cheap
Cheap
 14.45 15.08 14.74
-1.68 σ
-2.57 σ
-2.11 σ
 -1.50% 09:30 AM
ECH Chile 12.86
Overvalued
Fair
Fair
 10.09 13.14 14.53
+1.16 σ
-0.10 σ
-0.92 σ
 +0.76% 09:30 AM
EWW Mexico 12.33
Fair
Fair
Undervalued
 12.46 13.54 14.27
-0.15 σ
-0.90 σ
-1.12 σ
 +1.54% 09:30 AM
GREK Greece 11.87
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.43 σ
+0.28 σ
+0.44 σ
 +12.34% 09:30 AM
EWZ Brazil 11.49
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.33 σ
+0.72 σ
+0.96 σ
 +2.20% 09:30 AM
COLO Colombia 11.41
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.76 σ
+0.91 σ
-0.32 σ
 +14.11% 09:30 AM
QAT Qatar 11.40
Fair
Undervalued
-
 12.55 13.36 -
-0.68 σ
-1.47 σ
-
 -6.56% 09:30 AM
EZA South Africa 9.32
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.77 σ
-1.35 σ
-1.51 σ
 -7.20% 09:30 AM
EIDO Indonesia 8.85
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-3.15 σ
-3.43 σ
-3.97 σ
 -27.99% 09:30 AM
FXI China 8.77
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.36 σ
-1.74 σ
-1.31 σ
 -11.27% 09:30 AM
EPHE Philippines 8.45
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.53 σ
-2.25 σ
-2.98 σ
 +0.12% 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).