Global P/E Ratios by Country
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
Swipe left to see all data
|
P/E Evaluation
|
Historical P/E Average
|
P/E Deviation vs Avg
|
Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 30.48 |
Fair
|
Fair
|
Overvalued
|
27.18 | 27.23 | 21.17 |
+0.82 σ
|
+0.80 σ
|
+1.69 σ
|
+4.02% | 12:58 PM |
|
|
VTI | United States | 26.65 |
Overvalued
|
Expensive
|
Expensive
|
22.49 | 19.87 | 16.67 |
+1.74 σ
|
+2.45 σ
|
+3.54 σ
|
+5.42% | 01:00 PM |
|
|
INDA | India | 23.76 |
Fair
|
Overvalued
|
Expensive
|
23.08 | 20.66 | 17.99 |
+0.54 σ
|
+1.26 σ
|
+2.05 σ
|
-0.96% | 01:00 PM |
|
|
EWL | Switzerland | 23.69 |
Overvalued
|
Expensive
|
Expensive
|
19.61 | 18.17 | 15.81 |
+1.81 σ
|
+3.17 σ
|
+3.64 σ
|
+11.88% | 01:00 PM |
|
|
EWA | Australia | 22.33 |
Expensive
|
Expensive
|
Expensive
|
17.14 | 16.47 | 14.83 |
+2.19 σ
|
+3.42 σ
|
+4.63 σ
|
+9.60% | 01:00 PM |
|
|
EWT | Taiwan | 21.89 |
Expensive
|
Expensive
|
Expensive
|
16.00 | 14.95 | 14.02 |
+2.55 σ
|
+3.94 σ
|
+4.78 σ
|
+17.94% | 01:00 PM |
|
|
EWK | Belgium | 20.36 |
Overvalued
|
Overvalued
|
Expensive
|
16.15 | 16.88 | 14.85 |
+1.56 σ
|
+1.79 σ
|
+2.12 σ
|
+17.79% | 12:32 PM |
|
|
EWU | United Kingdom | 20.27 |
Expensive
|
Expensive
|
Expensive
|
13.14 | 13.35 | 12.31 |
+2.60 σ
|
+4.03 σ
|
+4.94 σ
|
+11.64% | 01:00 PM |
|
|
EWC | Canada | 20.19 |
Overvalued
|
Expensive
|
Expensive
|
15.73 | 15.26 | 14.40 |
+1.86 σ
|
+3.27 σ
|
+4.85 σ
|
+11.80% | 12:59 PM |
|
|
EWH | Hong Kong | 19.80 |
Expensive
|
Expensive
|
Expensive
|
15.46 | 15.24 | 15.22 |
+3.76 σ
|
+4.97 σ
|
+4.60 σ
|
+10.45% | 01:00 PM |
|
|
EWQ | France | 19.41 |
Overvalued
|
Expensive
|
Expensive
|
16.52 | 15.37 | 13.37 |
+1.51 σ
|
+2.37 σ
|
+2.95 σ
|
+6.55% | 01:00 PM |
|
|
EWY | South Korea | 19.02 |
Expensive
|
Expensive
|
Expensive
|
10.45 | 10.19 | 9.90 |
+7.47 σ
|
+8.37 σ
|
+9.74 σ
|
+55.92% | 01:00 PM |
|
|
EWN | Netherlands | 18.92 |
Fair
|
Overvalued
|
Overvalued
|
18.03 | 16.91 | 14.31 |
+0.34 σ
|
+1.03 σ
|
+1.95 σ
|
+9.97% | 12:51 PM |
|
|
EWD | Sweden | 18.65 |
Fair
|
Overvalued
|
Expensive
|
16.45 | 16.09 | 14.86 |
+0.94 σ
|
+1.66 σ
|
+2.43 σ
|
+12.92% | 12:55 PM |
|
|
EWG | Germany | 18.45 |
Expensive
|
Expensive
|
Expensive
|
14.14 | 13.61 | 12.45 |
+2.00 σ
|
+3.28 σ
|
+4.57 σ
|
+4.97% | 12:59 PM |
|
|
EWJ | Japan | 18.39 |
Expensive
|
Expensive
|
Expensive
|
14.84 | 14.24 | 14.43 |
+2.48 σ
|
+2.98 σ
|
+2.51 σ
|
+17.63% | 01:00 PM |
|
|
EIS | Israel | 18.29 |
Expensive
|
Expensive
|
Expensive
|
11.88 | 11.32 | 10.98 |
+3.33 σ
|
+5.50 σ
|
+4.79 σ
|
+23.67% | 12:59 PM |
|
|
VNM | Vietnam | 17.31 |
Fair
|
-
|
-
|
15.64 | - | - |
+0.61 σ
|
-
|
-
|
+10.48% | 12:59 PM |
|
|
EWS | Singapore | 17.06 |
Expensive
|
Expensive
|
Expensive
|
13.65 | 13.24 | 13.38 |
+2.45 σ
|
+3.72 σ
|
+3.91 σ
|
+4.20% | 01:00 PM |
|
|
EPU | Perù | 16.87 |
Expensive
|
Expensive
|
Expensive
|
12.09 | 12.78 | 12.31 |
+2.46 σ
|
+2.89 σ
|
+3.17 σ
|
+46.35% | 12:57 PM |
|
|
EZA | South Africa | 16.56 |
Expensive
|
Expensive
|
Expensive
|
10.62 | 12.12 | 11.90 |
+3.61 σ
|
+2.29 σ
|
+2.82 σ
|
+21.66% | 12:58 PM |
|
|
EWM | Malaysia | 16.23 |
Expensive
|
Overvalued
|
Overvalued
|
14.33 | 15.08 | 14.70 |
+2.50 σ
|
+1.52 σ
|
+1.94 σ
|
+15.43% | 12:57 PM |
|
|
ARGT | Argentina | 16.17 |
Overvalued
|
Expensive
|
Expensive
|
12.57 | 12.44 | 10.66 |
+1.89 σ
|
+2.88 σ
|
+2.22 σ
|
+7.72% | 12:59 PM |
|
|
EDEN | Denmark | 15.85 |
Fair
|
Fair
|
Fair
|
16.80 | 18.18 | 16.55 |
-0.30 σ
|
-0.89 σ
|
-0.38 σ
|
+1.70% | 12:38 PM |
|
|
THD | Thailand | 15.75 |
Fair
|
Fair
|
Fair
|
17.57 | 17.52 | 15.81 |
-0.81 σ
|
-0.88 σ
|
-0.03 σ
|
+20.44% | 12:59 PM |
|
|
TUR | Turkey | 15.73 |
Expensive
|
Expensive
|
Expensive
|
5.96 | 6.42 | 7.94 |
+5.69 σ
|
+7.81 σ
|
+4.81 σ
|
+22.72% | 12:56 PM |
|
|
EWO | Austria | 15.45 |
Expensive
|
Expensive
|
Expensive
|
8.35 | 9.61 | 9.95 |
+3.64 σ
|
+3.23 σ
|
+3.43 σ
|
+21.56% | 12:51 PM |
|
|
ECH | Chile | 15.41 |
Expensive
|
Fair
|
Fair
|
10.14 | 13.16 | 14.57 |
+2.14 σ
|
+0.81 σ
|
+0.46 σ
|
+26.02% | 01:00 PM |
|
|
NORW | Norway | 14.76 |
Expensive
|
Overvalued
|
Expensive
|
10.79 | 12.62 | 11.57 |
+2.06 σ
|
+1.18 σ
|
+2.00 σ
|
+15.90% | 12:56 PM |
|
|
EWP | Spain | 14.41 |
Expensive
|
Expensive
|
Overvalued
|
11.29 | 11.86 | 11.55 |
+2.51 σ
|
+2.09 σ
|
+1.90 σ
|
+15.44% | 12:57 PM |
|
|
EIRL | Ireland | 14.33 |
Fair
|
Fair
|
Fair
|
15.22 | 15.60 | 16.16 |
-0.43 σ
|
-0.68 σ
|
-0.75 σ
|
+6.75% | 12:38 PM |
|
|
EWW | Mexico | 13.92 |
Overvalued
|
Fair
|
Fair
|
12.53 | 13.71 | 14.27 |
+1.54 σ
|
+0.14 σ
|
-0.20 σ
|
+22.44% | 01:00 PM |
|
|
EWI | Italy | 13.84 |
Overvalued
|
Overvalued
|
Overvalued
|
10.61 | 11.41 | 11.16 |
+1.82 σ
|
+1.65 σ
|
+1.69 σ
|
+10.64% | 01:00 PM |
|
|
EPOL | Poland | 13.48 |
Overvalued
|
Overvalued
|
Overvalued
|
10.15 | 11.03 | 11.45 |
+1.60 σ
|
+1.81 σ
|
+1.66 σ
|
+14.40% | 01:00 PM |
|
|
EWZ | Brazil | 12.93 |
Expensive
|
Overvalued
|
Expensive
|
7.96 | 10.01 | 9.97 |
+3.95 σ
|
+1.56 σ
|
+2.04 σ
|
+26.88% | 01:00 PM |
|
|
QAT | Qatar | 12.77 |
Fair
|
-
|
-
|
13.10 | - | - |
-0.16 σ
|
-
|
-
|
+4.65% | 11:37 AM |
|
|
EIDO | Indonesia | 12.66 |
Fair
|
Undervalued
|
Fair
|
12.95 | 14.19 | 13.65 |
-0.21 σ
|
-1.08 σ
|
-0.81 σ
|
-1.50% | 01:00 PM |
|
|
FXI | China | 10.94 |
Fair
|
Fair
|
Fair
|
10.28 | 11.16 | 11.03 |
+0.52 σ
|
-0.17 σ
|
-0.05 σ
|
-0.08% | 01:00 PM |
|
|
GREK | Greece | 10.74 |
Fair
|
Fair
|
Fair
|
9.51 | 11.34 | 10.99 |
+0.62 σ
|
-0.30 σ
|
-0.11 σ
|
+16.89% | 12:59 PM |
|
|
EPHE | Philippines | 9.69 |
Undervalued
|
Cheap
|
Cheap
|
12.79 | 14.98 | 15.22 |
-1.21 σ
|
-2.07 σ
|
-2.55 σ
|
+3.49% | 01:00 PM |
|
|
COLO | Colombia | 9.14 |
Overvalued
|
Fair
|
Undervalued
|
7.25 | 9.49 | 12.45 |
+1.20 σ
|
-0.16 σ
|
-1.15 σ
|
+20.85% | 01:00 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).