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 29.07
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.47 σ
+0.45 σ
+1.44 σ
 -1.43% 01:00 PM
VTI United States 26.61
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.73 σ
+2.44 σ
+3.53 σ
 +5.09% 01:00 PM
EWL Switzerland 24.04
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.97 σ
+3.37 σ
+3.80 σ
 +13.31% 01:00 PM
INDA India 23.74
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.53 σ
+1.25 σ
+2.05 σ
 -1.02% 01:00 PM
EWA Australia 22.43
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.23 σ
+3.48 σ
+4.70 σ
 +9.90% 01:00 PM
EWT Taiwan 21.88
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.55 σ
+3.93 σ
+4.78 σ
 +17.39% 01:00 PM
EWU United Kingdom 20.49
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.68 σ
+4.16 σ
+5.08 σ
 +12.59% 01:00 PM
EWC Canada 20.34
Overvalued
Expensive
Expensive
 15.73 15.26 14.40
+1.92 σ
+3.38 σ
+4.98 σ
 +12.35% 01:00 PM
EWK Belgium 20.33
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.55 σ
+1.77 σ
+2.11 σ
 +17.35% 12:11 PM
EWH Hong Kong 19.90
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+3.85 σ
+5.08 σ
+4.71 σ
 +10.70% 12:59 PM
EWQ France 19.47
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.54 σ
+2.41 σ
+2.98 σ
 +6.77% 12:54 PM
EWY South Korea 19.24
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+7.65 σ
+8.57 σ
+9.96 σ
 +56.21% 01:00 PM
EWN Netherlands 19.00
Fair
Overvalued
Overvalued
 18.03 16.91 14.31
+0.37 σ
+1.07 σ
+1.99 σ
 +10.20% 12:59 PM
EWD Sweden 18.49
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.87 σ
+1.55 σ
+2.33 σ
 +11.72% 12:48 PM
EWG Germany 18.43
Overvalued
Expensive
Expensive
 14.14 13.61 12.45
+2.00 σ
+3.27 σ
+4.55 σ
 +4.76% 12:59 PM
EIS Israel 18.26
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.32 σ
+5.48 σ
+4.77 σ
 +22.91% 12:57 PM
EWJ Japan 18.06
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.25 σ
+2.74 σ
+2.30 σ
 +15.22% 01:00 PM
VNM Vietnam 17.49
Fair
-
-
 15.64 - -
+0.68 σ
-
-
 +11.20% 12:59 PM
EWS Singapore 17.01
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.42 σ
+3.67 σ
+3.86 σ
 +3.73% 12:59 PM
EZA South Africa 16.45
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.54 σ
+2.23 σ
+2.75 σ
 +20.35% 12:57 PM
EPU Perù 16.28
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.16 σ
+2.47 σ
+2.76 σ
 +40.26% 12:59 PM
EWM Malaysia 16.20
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.46 σ
+1.48 σ
+1.90 σ
 +14.98% 12:59 PM
THD Thailand 15.90
Fair
Fair
Fair
 17.57 17.52 15.81
-0.74 σ
-0.80 σ
+0.04 σ
 +21.30% 12:55 PM
TUR Turkey 15.90
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.80 σ
+7.95 σ
+4.92 σ
 +23.68% 01:00 PM
EDEN Denmark 15.88
Fair
Fair
Fair
 16.80 18.18 16.55
-0.30 σ
-0.87 σ
-0.36 σ
 +1.80% 12:43 PM
ARGT Argentina 15.78
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.69 σ
+2.58 σ
+2.06 σ
 +5.08% 12:59 PM
EWO Austria 15.40
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.62 σ
+3.21 σ
+3.40 σ
 +20.74% 12:47 PM
ECH Chile 15.11
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.01 σ
+0.70 σ
+0.29 σ
 +23.14% 12:57 PM
NORW Norway 14.72
Expensive
Overvalued
Overvalued
 10.79 12.62 11.57
+2.04 σ
+1.15 σ
+1.98 σ
 +15.28% 12:57 PM
EWP Spain 14.47
Expensive
Expensive
Overvalued
 11.29 11.86 11.55
+2.55 σ
+2.14 σ
+1.94 σ
 +15.51% 01:00 PM
EIRL Ireland 14.15
Fair
Fair
Fair
 15.22 15.60 16.16
-0.51 σ
-0.78 σ
-0.83 σ
 +5.24% 10:45 AM
EWW Mexico 14.00
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.63 σ
+0.19 σ
-0.16 σ
 +22.68% 01:00 PM
EWI Italy 13.70
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.75 σ
+1.56 σ
+1.61 σ
 +9.30% 12:59 PM
EPOL Poland 13.24
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.49 σ
+1.63 σ
+1.46 σ
 +12.14% 12:56 PM
QAT Qatar 12.70
Fair
-
-
 13.10 - -
-0.19 σ
-
-
 +4.03% 11:01 AM
EIDO Indonesia 12.61
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.25 σ
-1.11 σ
-0.85 σ
 -1.89% 12:59 PM
EWZ Brazil 12.58
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.68 σ
+1.37 σ
+1.80 σ
 +23.07% 01:00 PM
FXI China 10.92
Fair
Fair
Fair
 10.28 11.16 11.03
+0.51 σ
-0.18 σ
-0.07 σ
 -0.37% 12:59 PM
GREK Greece 10.30
Fair
Fair
Fair
 9.51 11.34 10.99
+0.40 σ
-0.53 σ
-0.31 σ
 +11.64% 12:59 PM
EPHE Philippines 9.59
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.25 σ
-2.11 σ
-2.60 σ
 +2.41% 12:57 PM
COLO Colombia 9.22
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.26 σ
-0.12 σ
-1.12 σ
 +21.46% 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).