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 30.28
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.79 σ
+0.73 σ
+1.64 σ
 -1.54% 12:07 PM
VTI United States 26.63
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.66 σ
+2.38 σ
+3.47 σ
 +3.71% 01:00 PM
EWL Switzerland 24.21
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.94 σ
+3.35 σ
+3.81 σ
 +6.38% 12:59 PM
EWT Taiwan 23.69
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.30 σ
+4.87 σ
+5.76 σ
 +12.95% 01:00 PM
EWA Australia 23.30
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.51 σ
+3.86 σ
+5.11 σ
 +8.77% 01:00 PM
EWY South Korea 21.71
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.80 σ
+10.58 σ
+12.42 σ
 +50.27% 01:00 PM
EWH Hong Kong 20.88
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.69 σ
+6.02 σ
+5.62 σ
 +9.42% 12:58 PM
EWC Canada 20.65
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.94 σ
+3.44 σ
+5.16 σ
 +12.58% 12:58 PM
EWQ France 20.38
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.97 σ
+2.89 σ
+3.38 σ
 +1.04% 12:59 PM
EWU United Kingdom 20.11
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.40 σ
+3.80 σ
+4.78 σ
 +9.75% 01:00 PM
EWJ Japan 20.06
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.65 σ
+4.07 σ
+3.57 σ
 +8.40% 01:00 PM
EWK Belgium 20.02
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.43 σ
+1.59 σ
+1.96 σ
 +5.98% 12:03 PM
EWN Netherlands 19.35
Fair
Overvalued
Expensive
 17.92 16.96 14.35
+0.58 σ
+1.23 σ
+2.10 σ
 +5.96% 12:52 PM
EWD Sweden 19.02
Overvalued
Overvalued
Expensive
 16.45 16.15 14.88
+1.10 σ
+1.84 σ
+2.62 σ
 +8.87% 12:48 PM
EWG Germany 18.90
Expensive
Expensive
Expensive
 14.19 13.68 12.46
+2.12 σ
+3.46 σ
+4.83 σ
 -0.95% 12:59 PM
EPU Perù 18.38
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+3.24 σ
+3.84 σ
+4.21 σ
 +36.74% 12:49 PM
EZA South Africa 18.24
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+4.42 σ
+3.12 σ
+3.79 σ
 +15.94% 12:53 PM
EIS Israel 17.59
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.92 σ
+4.84 σ
+4.33 σ
 +19.83% 12:56 PM
ARGT Argentina 17.22
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.34 σ
+3.58 σ
+2.61 σ
 +4.32% 01:00 PM
EWS Singapore 16.81
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.16 σ
+3.41 σ
+3.61 σ
 +0.95% 12:59 PM
EWP Spain 16.13
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.89 σ
+3.39 σ
+3.02 σ
 +9.80% 12:58 PM
EDEN Denmark 15.92
Fair
Fair
Fair
 16.62 18.14 16.55
-0.23 σ
-0.84 σ
-0.34 σ
 -7.25% 12:25 PM
EWM Malaysia 15.81
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.85 σ
+0.94 σ
+1.39 σ
 +10.15% 01:00 PM
EWO Austria 15.77
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.81 σ
+3.36 σ
+3.62 σ
 +11.00% 12:51 PM
VNM Vietnam 15.70
Fair
Fair
-
 15.52 16.63 -
+0.07 σ
-0.31 σ
-
 -0.52% 01:00 PM
ECH Chile 15.59
Expensive
Fair
Fair
 10.14 13.17 14.57
+2.21 σ
+0.87 σ
+0.56 σ
 +14.22% 12:59 PM
THD Thailand 15.43
Fair
Undervalued
Fair
 17.47 17.50 15.84
-0.94 σ
-1.03 σ
-0.17 σ
 +14.04% 12:57 PM
EIRL Ireland 15.40
Fair
Fair
Fair
 15.09 15.59 16.16
+0.16 σ
-0.10 σ
-0.31 σ
 +3.41% 12:55 PM
EWW Mexico 15.38
Expensive
Overvalued
Fair
 12.52 13.67 14.27
+3.17 σ
+1.16 σ
+0.64 σ
 +12.27% 01:00 PM
NORW Norway 15.24
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.31 σ
+1.41 σ
+2.27 σ
 +17.52% 12:59 PM
TUR Turkey 14.38
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.29 σ
+6.54 σ
+3.98 σ
 +12.98% 12:58 PM
EWI Italy 14.11
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.97 σ
+1.80 σ
+1.86 σ
 +5.09% 01:00 PM
EWZ Brazil 13.97
Expensive
Expensive
Expensive
 7.97 10.03 9.99
+4.74 σ
+2.09 σ
+2.74 σ
 +21.03% 01:00 PM
EPOL Poland 13.80
Overvalued
Expensive
Overvalued
 10.15 11.04 11.45
+1.75 σ
+2.01 σ
+1.92 σ
 +7.25% 12:59 PM
INDA India 13.17
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.04 σ
-3.09 σ
-1.71 σ
 -6.10% 12:59 PM
EIDO Indonesia 12.67
Fair
Undervalued
Fair
 12.89 14.17 13.66
-0.17 σ
-1.05 σ
-0.82 σ
 -9.29% 12:59 PM
GREK Greece 12.38
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.50 σ
+0.53 σ
+0.64 σ
 +2.91% 12:49 PM
QAT Qatar 12.33
Fair
Fair
-
 13.01 13.38 -
-0.34 σ
-0.81 σ
-
 -1.80% 12:52 PM
COLO Colombia 11.74
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+2.98 σ
+1.02 σ
-0.23 σ
 +11.57% 12:40 PM
FXI China 10.64
Fair
Fair
Fair
 10.21 11.17 11.02
+0.37 σ
-0.40 σ
-0.23 σ
 -4.63% 01:00 PM
EPHE Philippines 9.74
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.16 σ
-1.99 σ
-2.50 σ
 -1.67% 12:56 PM
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).