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 28.54
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.35 σ
+0.30 σ
+1.32 σ
 -6.99% 09:30 AM
VTI United States 26.45
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.59 σ
+2.31 σ
+3.41 σ
 -2.17% 09:30 AM
EWT Taiwan 23.22
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.10 σ
+4.60 σ
+5.48 σ
 +8.55% 09:30 AM
EWL Switzerland 23.14
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.48 σ
+2.75 σ
+3.33 σ
 +1.30% 09:30 AM
EWA Australia 22.01
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.99 σ
+3.13 σ
+4.33 σ
 +2.27% 09:30 AM
EWH Hong Kong 20.29
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.18 σ
+5.39 σ
+5.03 σ
 +5.08% 09:30 AM
EWC Canada 19.76
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.58 σ
+2.86 σ
+4.42 σ
 +6.20% 09:30 AM
EWQ France 19.68
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.61 σ
+2.48 σ
+3.04 σ
 -2.44% 09:30 AM
EWU United Kingdom 19.40
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.16 σ
+3.40 σ
+4.35 σ
 +4.98% 09:30 AM
EWK Belgium 19.17
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.12 σ
+1.16 σ
+1.64 σ
 +0.87% 09:30 AM
EWJ Japan 19.15
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.02 σ
+3.43 σ
+2.99 σ
 +2.58% 09:30 AM
EWY South Korea 19.15
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+7.58 σ
+8.23 σ
+9.73 σ
 +25.90% 09:30 AM
EWN Netherlands 18.25
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.13 σ
+0.66 σ
+1.64 σ
 -0.66% 09:30 AM
EWG Germany 17.86
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.66 σ
+2.77 σ
+4.05 σ
 -5.95% 09:30 AM
ARGT Argentina 17.85
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.66 σ
+4.06 σ
+2.86 σ
 +8.34% 09:30 AM
EWD Sweden 17.62
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.50 σ
+0.95 σ
+1.74 σ
 +0.41% 09:30 AM
EWS Singapore 16.91
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.23 σ
+3.50 σ
+3.71 σ
 +1.07% 09:30 AM
EPU Perù 16.89
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.47 σ
+2.81 σ
+3.18 σ
 +21.22% 09:30 AM
EZA South Africa 16.61
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.46 σ
+2.29 σ
+2.81 σ
 +3.97% 09:30 AM
EIS Israel 16.46
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.34 σ
+3.96 σ
+3.59 σ
 +9.43% 09:30 AM
NORW Norway 16.22
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.82 σ
+1.94 σ
+2.88 σ
 +22.84% 09:30 AM
EWP Spain 15.87
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.68 σ
+3.18 σ
+2.85 σ
 +6.48% 09:30 AM
EDEN Denmark 15.86
Fair
Fair
Fair
 16.62 18.14 16.55
-0.25 σ
-0.86 σ
-0.37 σ
 -6.66% 09:30 AM
VNM Vietnam 15.72
Fair
Fair
-
 15.52 16.63 -
+0.08 σ
-0.30 σ
-
 -1.79% 09:30 AM
THD Thailand 15.60
Fair
Fair
Fair
 17.47 17.50 15.84
-0.86 σ
-0.95 σ
-0.10 σ
 +13.47% 09:30 AM
EWM Malaysia 15.50
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.46 σ
+0.54 σ
+1.00 σ
 +6.65% 09:30 AM
EWO Austria 15.42
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.63 σ
+3.17 σ
+3.41 σ
 +7.22% 09:30 AM
EWW Mexico 15.28
Expensive
Overvalued
Fair
 12.52 13.67 14.27
+3.05 σ
+1.09 σ
+0.58 σ
 +10.05% 09:30 AM
ECH Chile 14.82
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.90 σ
+0.60 σ
+0.14 σ
 +7.04% 09:30 AM
EIRL Ireland 14.75
Fair
Fair
Fair
 15.09 15.59 16.16
-0.18 σ
-0.45 σ
-0.58 σ
 -1.17% 09:30 AM
EWZ Brazil 14.03
Expensive
Expensive
Expensive
 7.97 10.03 9.99
+4.79 σ
+2.12 σ
+2.78 σ
 +18.96% 09:30 AM
TUR Turkey 14.00
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.09 σ
+6.23 σ
+3.74 σ
 +8.25% 09:30 AM
EWI Italy 13.74
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.77 σ
+1.56 σ
+1.63 σ
 +1.74% 09:30 AM
EPOL Poland 13.73
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.72 σ
+1.96 σ
+1.85 σ
 +5.53% 09:30 AM
INDA India 12.15
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-8.86 σ
-3.51 σ
-2.07 σ
 -12.48% 09:30 AM
EIDO Indonesia 12.13
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.59 σ
-1.43 σ
-1.26 σ
 -11.95% 09:30 AM
COLO Colombia 12.12
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+3.22 σ
+1.19 σ
-0.10 σ
 +13.02% 09:30 AM
QAT Qatar 11.94
Fair
Undervalued
-
 13.01 13.38 -
-0.53 σ
-1.11 σ
-
 -4.72% 09:30 AM
GREK Greece 11.82
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.21 σ
+0.24 σ
+0.39 σ
 -2.63% 09:30 AM
FXI China 10.25
Fair
Fair
Fair
 10.21 11.17 11.02
+0.03 σ
-0.69 σ
-0.46 σ
 -8.03% 09:30 AM
EPHE Philippines 10.16
Fair
Undervalued
Cheap
 12.63 14.92 15.20
-0.99 σ
-1.83 σ
-2.31 σ
 -3.82% 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).