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 27.73
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.19 σ
+0.08 σ
+1.15 σ
 -2.00% 04 May
VTI United States 25.29
Overvalued
Overvalued
Expensive
 22.71 20.15 16.80
+1.01 σ
+1.78 σ
+2.88 σ
 +6.97% 04 May
EWT Taiwan 24.66
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.45 σ
+5.19 σ
+6.11 σ
 +34.55% 04 May
EWL Switzerland 22.13
Fair
Expensive
Expensive
 19.89 18.37 15.90
+0.94 σ
+2.02 σ
+2.76 σ
 +3.55% 04 May
INDA India 21.01
Undervalued
Fair
Overvalued
 23.07 20.77 18.01
-1.61 σ
+0.10 σ
+1.05 σ
 -7.03% 04 May
EWA Australia 19.86
Overvalued
Overvalued
Expensive
 17.33 16.64 14.90
+1.00 σ
+1.77 σ
+2.89 σ
 +5.51% 04 May
EWC Canada 19.32
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.28 σ
+2.36 σ
+3.92 σ
 +9.97% 04 May
EWY South Korea 18.85
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+6.78 σ
+7.42 σ
+9.14 σ
 +57.73% 04 May
EIS Israel 18.26
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+3.13 σ
+5.12 σ
+4.77 σ
 +22.08% 04 May
EWH Hong Kong 17.73
Overvalued
Expensive
Expensive
 15.47 15.34 15.24
+1.92 σ
+2.48 σ
+2.44 σ
 +5.55% 04 May
EWK Belgium 17.71
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.60 σ
+0.43 σ
+1.05 σ
 +4.66% 04 May
NORW Norway 17.62
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.54 σ
+2.67 σ
+3.68 σ
 +22.00% 04 May
EWN Netherlands 17.43
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.11 σ
+0.21 σ
+1.26 σ
 +6.54% 04 May
EWU United Kingdom 17.41
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.31 σ
+2.18 σ
+3.03 σ
 +5.78% 04 May
EWQ France 17.12
Fair
Fair
Overvalued
 16.58 15.52 13.45
+0.28 σ
+0.92 σ
+1.74 σ
 -0.42% 04 May
EWJ Japan 17.06
Overvalued
Overvalued
Overvalued
 14.84 14.40 14.43
+1.55 σ
+1.84 σ
+1.68 σ
 +5.97% 04 May
EWG Germany 16.70
Overvalued
Overvalued
Expensive
 14.26 13.78 12.49
+1.06 σ
+1.83 σ
+3.06 σ
 -0.84% 04 May
EWD Sweden 16.51
Fair
Fair
Overvalued
 16.33 16.19 14.90
+0.08 σ
+0.20 σ
+1.01 σ
 +2.45% 04 May
TUR Turkey 15.68
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.94 σ
+7.35 σ
+4.77 σ
 +14.83% 04 May
EWS Singapore 15.61
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.20 σ
+2.10 σ
+2.30 σ
 +0.99% 04 May
VNM Vietnam 15.52
Fair
Fair
-
 15.32 16.73 -
+0.08 σ
-0.42 σ
-
 +4.04% 04 May
EWM Malaysia 15.49
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.31 σ
+0.52 σ
+0.96 σ
 +9.13% 04 May
THD Thailand 15.46
Fair
Fair
Fair
 17.23 17.41 15.89
-0.87 σ
-0.98 σ
-0.18 σ
 +12.22% 04 May
EDEN Denmark 15.27
Fair
Undervalued
Fair
 16.28 18.06 16.55
-0.39 σ
-1.05 σ
-0.70 σ
 -1.21% 04 May
ARGT Argentina 15.27
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.17 σ
+1.95 σ
+1.77 σ
 +3.75% 04 May
EWO Austria 14.26
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.82 σ
+2.49 σ
+2.68 σ
 +13.22% 04 May
EWP Spain 13.91
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.10 σ
+1.51 σ
+1.52 σ
 +5.61% 04 May
EPU Perù 13.61
Fair
Fair
Fair
 12.13 12.84 12.31
+0.74 σ
+0.52 σ
+0.91 σ
 +11.37% 04 May
EWW Mexico 13.52
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.10 σ
-0.07 σ
-0.43 σ
 +8.14% 04 May
EIRL Ireland 13.31
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.97 σ
-1.19 σ
-1.18 σ
 +2.79% 04 May
EWI Italy 13.23
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.48 σ
+1.17 σ
+1.30 σ
 +5.74% 04 May
ECH Chile 12.93
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.15 σ
-0.08 σ
-0.90 σ
 +6.02% 04 May
EWZ Brazil 12.52
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.36 σ
+1.29 σ
+1.70 σ
 +17.06% 04 May
EPOL Poland 11.83
Fair
Fair
Fair
 10.13 11.05 11.45
+0.82 σ
+0.57 σ
+0.31 σ
 +8.78% 04 May
QAT Qatar 10.81
Undervalued
Undervalued
-
 12.78 13.38 -
-1.05 σ
-1.96 σ
-
 -2.36% 04 May
COLO Colombia 10.70
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.29 σ
+0.57 σ
-0.58 σ
 +3.13% 04 May
EIDO Indonesia 10.60
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.74 σ
-2.40 σ
-2.55 σ
 -16.53% 04 May
FXI China 9.84
Fair
Fair
Fair
 10.10 11.17 11.00
-0.25 σ
-0.99 σ
-0.69 σ
 -5.47% 04 May
GREK Greece 9.76
Fair
Fair
Fair
 9.40 11.35 10.93
+0.20 σ
-0.81 σ
-0.54 σ
 +2.31% 04 May
EZA South Africa 9.17
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.87 σ
-1.48 σ
-1.61 σ
 +0.82% 04 May
EPHE Philippines 8.50
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.58 σ
-2.35 σ
-3.00 σ
 -4.82% 04 May
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).