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 27.62
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.17 σ
+0.05 σ
+1.13 σ
 -2.39% 01 May
VTI United States 25.38
Overvalued
Overvalued
Expensive
 22.71 20.15 16.80
+1.05 σ
+1.82 σ
+2.92 σ
 +7.44% 01 May
EWT Taiwan 24.54
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.40 σ
+5.12 σ
+6.04 σ
 +34.20% 01 May
EWL Switzerland 22.48
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.09 σ
+2.21 σ
+2.91 σ
 +5.25% 01 May
INDA India 21.23
Undervalued
Fair
Overvalued
 23.07 20.77 18.01
-1.45 σ
+0.19 σ
+1.12 σ
 -6.15% 01 May
EWA Australia 20.13
Overvalued
Overvalued
Expensive
 17.33 16.64 14.90
+1.11 σ
+1.91 σ
+3.05 σ
 +6.98% 01 May
EWC Canada 19.49
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.34 σ
+2.46 σ
+4.05 σ
 +11.05% 01 May
EWY South Korea 18.67
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+6.63 σ
+7.26 σ
+8.95 σ
 +56.89% 01 May
EIS Israel 18.06
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+3.03 σ
+4.97 σ
+4.64 σ
 +20.95% 01 May
EWH Hong Kong 17.99
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.14 σ
+2.74 σ
+2.69 σ
 +7.16% 01 May
EWK Belgium 17.75
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.62 σ
+0.45 σ
+1.07 σ
 +4.95% 01 May
EWN Netherlands 17.67
Fair
Fair
Overvalued
 17.66 17.02 14.40
+0.00 σ
+0.33 σ
+1.36 σ
 +8.04% 01 May
EWU United Kingdom 17.63
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.38 σ
+2.30 σ
+3.17 σ
 +7.23% 01 May
EWQ France 17.55
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.49 σ
+1.16 σ
+1.94 σ
 +2.07% 01 May
NORW Norway 17.50
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.48 σ
+2.60 σ
+3.61 σ
 +21.38% 01 May
EWJ Japan 17.10
Overvalued
Overvalued
Overvalued
 14.84 14.40 14.43
+1.57 σ
+1.87 σ
+1.70 σ
 +6.28% 01 May
EWG Germany 17.04
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.21 σ
+2.05 σ
+3.31 σ
 +1.18% 01 May
EWD Sweden 16.93
Fair
Fair
Overvalued
 16.33 16.19 14.90
+0.27 σ
+0.47 σ
+1.27 σ
 +5.12% 01 May
TUR Turkey 15.91
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.04 σ
+7.54 σ
+4.91 σ
 +16.64% 01 May
EWS Singapore 15.86
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.37 σ
+2.34 σ
+2.56 σ
 +2.65% 01 May
VNM Vietnam 15.78
Fair
Fair
-
 15.32 16.73 -
+0.20 σ
-0.32 σ
-
 +5.90% 01 May
THD Thailand 15.62
Fair
Fair
Fair
 17.23 17.41 15.89
-0.79 σ
-0.90 σ
-0.11 σ
 +13.49% 01 May
EDEN Denmark 15.54
Fair
Fair
Fair
 16.28 18.06 16.55
-0.29 σ
-0.94 σ
-0.55 σ
 +0.55% 01 May
EWM Malaysia 15.47
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.29 σ
+0.50 σ
+0.94 σ
 +9.13% 01 May
ARGT Argentina 15.23
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.15 σ
+1.92 σ
+1.76 σ
 +3.56% 01 May
EWO Austria 14.47
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.92 σ
+2.60 σ
+2.81 σ
 +15.02% 01 May
EWP Spain 14.35
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.46 σ
+1.85 σ
+1.81 σ
 +9.07% 01 May
EPU Perù 13.76
Fair
Fair
Overvalued
 12.13 12.84 12.31
+0.81 σ
+0.62 σ
+1.01 σ
 +12.81% 01 May
EWW Mexico 13.70
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.30 σ
+0.05 σ
-0.33 σ
 +9.71% 01 May
EIRL Ireland 13.62
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.77 σ
-1.03 σ
-1.05 σ
 +5.23% 01 May
EWI Italy 13.56
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.67 σ
+1.39 σ
+1.51 σ
 +8.50% 01 May
ECH Chile 13.38
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.34 σ
+0.08 σ
-0.65 σ
 +9.89% 01 May
EWZ Brazil 12.65
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.45 σ
+1.36 σ
+1.79 σ
 +18.43% 01 May
EPOL Poland 11.93
Fair
Fair
Fair
 10.13 11.05 11.45
+0.87 σ
+0.64 σ
+0.39 σ
 +9.81% 01 May
COLO Colombia 10.93
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.44 σ
+0.67 σ
-0.50 σ
 +5.39% 01 May
EIDO Indonesia 10.77
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.60 σ
-2.28 σ
-2.41 σ
 -15.24% 01 May
QAT Qatar 10.76
Undervalued
Undervalued
-
 12.78 13.38 -
-1.08 σ
-2.00 σ
-
 -2.83% 01 May
GREK Greece 10.02
Fair
Fair
Fair
 9.40 11.35 10.93
+0.33 σ
-0.68 σ
-0.42 σ
 +5.06% 01 May
FXI China 9.91
Fair
Fair
Fair
 10.10 11.17 11.00
-0.18 σ
-0.94 σ
-0.65 σ
 -4.81% 01 May
EZA South Africa 9.32
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.78 σ
-1.41 σ
-1.53 σ
 +2.55% 01 May
EPHE Philippines 8.50
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.58 σ
-2.35 σ
-3.00 σ
 -4.85% 01 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).