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)
EWT Taiwan 30.00
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.80 σ
+7.60 σ
+8.70 σ
 +28.72% 09:30 AM
ENZL New Zealand 27.63
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.19 σ
+0.03 σ
+1.10 σ
 +4.22% 09:30 AM
VTI United States 27.28
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.59 σ
+2.28 σ
+3.36 σ
 +10.14% 09:30 AM
EWL Switzerland 25.14
Overvalued
Expensive
Expensive
 20.13 18.57 16.02
+1.98 σ
+3.28 σ
+3.89 σ
 +6.35% 09:30 AM
INDA India 23.02
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.08 σ
+0.87 σ
+1.68 σ
 -1.06% 09:30 AM
EWA Australia 22.47
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.86 σ
+2.95 σ
+4.15 σ
 +8.46% 09:30 AM
EWC Canada 21.89
Expensive
Expensive
Expensive
 16.25 15.47 14.50
+2.04 σ
+3.56 σ
+5.69 σ
 +9.71% 09:30 AM
EWN Netherlands 21.58
Expensive
Expensive
Expensive
 17.47 17.18 14.52
+2.45 σ
+2.24 σ
+2.87 σ
 +11.05% 09:30 AM
EWQ France 19.77
Overvalued
Expensive
Expensive
 16.64 15.67 13.54
+1.55 σ
+2.30 σ
+2.87 σ
 +5.99% 09:30 AM
EWJ Japan 19.53
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.97 σ
+3.31 σ
+3.19 σ
 +10.52% 09:30 AM
EWG Germany 18.66
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.70 σ
+2.76 σ
+4.24 σ
 +4.95% 09:30 AM
EWS Singapore 18.53
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+2.78 σ
+4.46 σ
+5.12 σ
 +15.01% 09:30 AM
EWU United Kingdom 18.38
Overvalued
Expensive
Expensive
 13.77 13.50 12.42
+1.43 σ
+2.50 σ
+3.47 σ
 +6.50% 09:30 AM
EWY South Korea 18.16
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+4.53 σ
+6.11 σ
+8.08 σ
 +19.40% 09:30 AM
EWK Belgium 17.82
Fair
Fair
Overvalued
 16.04 16.85 15.06
+0.69 σ
+0.50 σ
+1.06 σ
 +6.50% 09:30 AM
EWH Hong Kong 17.72
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.88 σ
+2.25 σ
+2.32 σ
 +0.39% 09:30 AM
EWD Sweden 17.60
Fair
Fair
Overvalued
 16.13 16.24 14.96
+0.71 σ
+0.88 σ
+1.68 σ
 +6.07% 09:30 AM
EIRL Ireland 17.32
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.85 σ
+0.96 σ
+0.47 σ
 +12.17% 09:30 AM
EIS Israel 16.90
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.15 σ
+3.81 σ
+3.83 σ
 +4.04% 09:30 AM
EWP Spain 16.50
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+4.08 σ
+3.20 σ
+3.09 σ
 +12.82% 09:30 AM
EDEN Denmark 16.19
Fair
Fair
Fair
 15.95 17.97 16.58
+0.11 σ
-0.66 σ
-0.21 σ
 +2.66% 09:30 AM
THD Thailand 15.84
Fair
Fair
Fair
 16.94 17.25 15.96
-0.60 σ
-0.75 σ
-0.05 σ
 +9.79% 09:30 AM
EWI Italy 15.79
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.78 σ
+2.76 σ
+2.85 σ
 +12.65% 09:30 AM
EPU Perù 15.40
Overvalued
Overvalued
Expensive
 12.23 12.88 12.38
+1.54 σ
+1.70 σ
+2.13 σ
 +14.18% 09:30 AM
ARGT Argentina 15.38
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.06 σ
+1.85 σ
+1.74 σ
 +1.15% 09:30 AM
TUR Turkey 15.28
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.84 σ
+6.31 σ
+4.42 σ
 +0.98% 09:30 AM
VNM Vietnam 14.97
Fair
Fair
-
 15.09 16.87 -
-0.06 σ
-0.70 σ
-
 -4.23% 09:30 AM
NORW Norway 14.93
Expensive
Overvalued
Overvalued
 10.79 12.68 11.66
+2.14 σ
+1.19 σ
+1.96 σ
 +4.19% 09:30 AM
EPOL Poland 14.81
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.30 σ
+2.66 σ
+2.72 σ
 +17.97% 09:30 AM
EWO Austria 14.75
Expensive
Expensive
Expensive
 8.61 9.74 9.96
+2.52 σ
+2.60 σ
+2.96 σ
 +17.35% 09:30 AM
EWM Malaysia 13.45
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.23 σ
-2.04 σ
-1.67 σ
 +0.31% 09:30 AM
ECH Chile 13.24
Overvalued
Fair
Fair
 10.07 13.12 14.51
+1.35 σ
+0.05 σ
-0.70 σ
 +2.00% 09:30 AM
EWW Mexico 12.83
Fair
Fair
Fair
 12.43 13.50 14.27
+0.50 σ
-0.51 σ
-0.83 σ
 +4.27% 09:30 AM
GREK Greece 12.54
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.79 σ
+0.62 σ
+0.75 σ
 +16.41% 09:30 AM
COLO Colombia 12.19
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+3.15 σ
+1.26 σ
-0.04 σ
 +18.11% 09:30 AM
QAT Qatar 11.38
Fair
Undervalued
-
 12.43 13.34 -
-0.66 σ
-1.45 σ
-
 -5.86% 09:30 AM
EWZ Brazil 11.35
Expensive
Fair
Fair
 8.16 10.08 10.11
+2.07 σ
+0.65 σ
+0.86 σ
 -0.67% 09:30 AM
EZA South Africa 10.18
Fair
Fair
Undervalued
 10.70 11.92 11.90
-0.29 σ
-0.89 σ
-1.01 σ
 +1.54% 09:30 AM
EIDO Indonesia 9.65
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.48 σ
-2.84 σ
-3.31 σ
 -18.96% 09:30 AM
FXI China 9.48
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.53 σ
-1.21 σ
-0.88 σ
 -2.74% 09:30 AM
EPHE Philippines 8.71
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.40 σ
-2.11 σ
-2.84 σ
 +3.05% 09:30 AM
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).