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 28.98
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.46 σ
+0.41 σ
+1.40 σ
 -5.20% 11:18 AM
VTI United States 26.99
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.80 σ
+2.50 σ
+3.60 σ
 +0.39% 01:00 PM
EWT Taiwan 24.07
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.47 σ
+5.08 σ
+5.98 σ
 +13.47% 01:00 PM
EWL Switzerland 23.17
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.49 σ
+2.77 σ
+3.34 σ
 +1.99% 12:59 PM
EWA Australia 22.20
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.06 σ
+3.24 σ
+4.45 σ
 +3.70% 01:00 PM
EWY South Korea 20.75
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.97 σ
+9.70 σ
+11.41 σ
 +38.41% 01:00 PM
EWH Hong Kong 20.40
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.28 σ
+5.51 σ
+5.15 σ
 +6.42% 12:59 PM
EWC Canada 19.77
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.59 σ
+2.87 σ
+4.43 σ
 +7.08% 12:59 PM
EWQ France 19.69
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.61 σ
+2.49 σ
+3.04 σ
 -1.95% 12:55 PM
EWJ Japan 19.47
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.24 σ
+3.66 σ
+3.19 σ
 +4.97% 01:00 PM
EWU United Kingdom 19.40
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.16 σ
+3.40 σ
+4.34 σ
 +5.65% 01:00 PM
EWK Belgium 19.06
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.08 σ
+1.10 σ
+1.60 σ
 +0.91% 12:25 PM
EWN Netherlands 18.79
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.36 σ
+0.94 σ
+1.87 σ
 +2.85% 12:56 PM
EWG Germany 17.94
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.69 σ
+2.82 σ
+4.10 σ
 -5.25% 12:59 PM
EWD Sweden 17.72
Fair
Overvalued
Overvalued
 16.45 16.15 14.88
+0.54 σ
+1.01 σ
+1.80 σ
 +1.49% 12:55 PM
EIS Israel 17.30
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.77 σ
+4.61 σ
+4.14 σ
 +16.09% 12:59 PM
ARGT Argentina 17.22
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.34 σ
+3.58 σ
+2.61 σ
 +5.08% 12:54 PM
EWS Singapore 16.76
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.12 σ
+3.36 σ
+3.55 σ
 +0.76% 12:59 PM
EPU Perù 16.71
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.37 σ
+2.68 σ
+3.05 σ
 +21.38% 12:55 PM
EZA South Africa 16.43
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.36 σ
+2.19 σ
+2.70 σ
 +3.62% 12:47 PM
EWM Malaysia 15.92
Overvalued
Overvalued
Overvalued
 14.36 15.09 14.71
+1.99 σ
+1.09 σ
+1.52 σ
 +10.32% 01:00 PM
EWP Spain 15.82
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.64 σ
+3.15 σ
+2.82 σ
 +7.04% 12:59 PM
NORW Norway 15.60
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.49 σ
+1.61 σ
+2.49 σ
 +19.22% 12:59 PM
EWO Austria 15.43
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.63 σ
+3.17 σ
+3.41 σ
 +8.06% 12:28 PM
THD Thailand 15.41
Fair
Undervalued
Fair
 17.47 17.50 15.84
-0.95 σ
-1.04 σ
-0.18 σ
 +13.13% 12:59 PM
VNM Vietnam 15.36
Fair
Fair
-
 15.52 16.63 -
-0.06 σ
-0.42 σ
-
 -3.29% 12:58 PM
EDEN Denmark 15.34
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.43 σ
-1.06 σ
-0.66 σ
 -9.58% 12:40 PM
EWW Mexico 15.23
Expensive
Overvalued
Fair
 12.52 13.67 14.27
+3.00 σ
+1.05 σ
+0.56 σ
 +10.60% 01:00 PM
ECH Chile 14.82
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.90 σ
+0.59 σ
+0.14 σ
 +7.87% 12:58 PM
EIRL Ireland 14.78
Fair
Fair
Fair
 15.09 15.59 16.16
-0.17 σ
-0.44 σ
-0.57 σ
 -0.52% 12:37 PM
TUR Turkey 14.13
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.16 σ
+6.34 σ
+3.83 σ
 +10.15% 12:55 PM
EWZ Brazil 13.84
Expensive
Expensive
Expensive
 7.97 10.03 9.99
+4.64 σ
+2.02 σ
+2.65 σ
 +18.57% 12:59 PM
EWI Italy 13.60
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.69 σ
+1.46 σ
+1.54 σ
 +1.30% 12:59 PM
EPOL Poland 13.58
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.64 σ
+1.85 σ
+1.73 σ
 +5.13% 12:59 PM
INDA India 12.45
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.62 σ
-3.38 σ
-1.96 σ
 -10.16% 01:00 PM
EIDO Indonesia 12.37
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.40 σ
-1.26 σ
-1.06 σ
 -10.05% 01:00 PM
QAT Qatar 11.98
Fair
Undervalued
-
 13.01 13.38 -
-0.51 σ
-1.08 σ
-
 -4.05% 12:45 PM
GREK Greece 11.89
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.25 σ
+0.28 σ
+0.42 σ
 -1.43% 12:58 PM
COLO Colombia 11.79
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+3.01 σ
+1.05 σ
-0.21 σ
 +11.04% 12:57 PM
FXI China 10.37
Fair
Fair
Fair
 10.21 11.17 11.02
+0.14 σ
-0.59 σ
-0.39 σ
 -6.56% 12:59 PM
EPHE Philippines 10.24
Fair
Undervalued
Cheap
 12.63 14.92 15.20
-0.96 σ
-1.80 σ
-2.27 σ
 -2.81% 12:57 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).