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 29.05
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.71 σ
+7.30 σ
+8.33 σ
 +27.55% 09:30 AM
ENZL New Zealand 27.00
Fair
Fair
Fair
 26.90 27.47 21.53
+0.03 σ
-0.12 σ
+0.99 σ
 +2.00% 09:30 AM
VTI United States 26.07
Overvalued
Overvalued
Expensive
 22.92 20.34 16.90
+1.19 σ
+1.93 σ
+3.03 σ
 +5.97% 09:30 AM
EWL Switzerland 24.11
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.63 σ
+2.87 σ
+3.51 σ
 +2.62% 09:30 AM
INDA India 21.78
Undervalued
Fair
Overvalued
 23.12 20.90 18.10
-1.07 σ
+0.37 σ
+1.27 σ
 -6.78% 09:30 AM
EWA Australia 21.05
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.38 σ
+2.28 σ
+3.43 σ
 +2.12% 09:30 AM
EWC Canada 21.00
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.80 σ
+3.18 σ
+5.10 σ
 +6.23% 09:30 AM
EWN Netherlands 20.93
Expensive
Overvalued
Expensive
 17.49 17.12 14.48
+2.01 σ
+1.97 σ
+2.64 σ
 +8.57% 09:30 AM
EWY South Korea 19.02
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.95 σ
+7.03 σ
+9.06 σ
 +28.88% 09:30 AM
EWQ France 18.44
Fair
Overvalued
Expensive
 16.60 15.60 13.51
+0.93 σ
+1.61 σ
+2.29 σ
 -0.84% 09:30 AM
EWJ Japan 18.36
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.31 σ
+2.60 σ
+2.48 σ
 +4.69% 09:30 AM
EWU United Kingdom 17.65
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.27 σ
+2.18 σ
+3.09 σ
 +2.99% 09:30 AM
EWS Singapore 17.52
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.27 σ
+3.68 σ
+4.17 σ
 +9.50% 09:30 AM
EWH Hong Kong 17.51
Overvalued
Expensive
Expensive
 15.47 15.41 15.26
+1.76 σ
+2.12 σ
+2.16 σ
 -0.40% 09:30 AM
EWK Belgium 17.47
Fair
Fair
Fair
 16.07 16.87 15.03
+0.53 σ
+0.31 σ
+0.93 σ
 +5.09% 09:30 AM
EWG Germany 17.21
Overvalued
Overvalued
Expensive
 14.38 13.89 12.54
+1.17 σ
+2.00 σ
+3.29 σ
 -3.09% 09:30 AM
EIRL Ireland 16.40
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.55 σ
+0.47 σ
+0.09 σ
 +7.23% 09:30 AM
EIS Israel 16.34
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.99 σ
+3.51 σ
+3.50 σ
 +1.49% 09:30 AM
EWD Sweden 16.32
Fair
Fair
Fair
 16.17 16.22 14.93
+0.07 σ
+0.07 σ
+0.88 σ
 -1.15% 09:30 AM
EDEN Denmark 15.72
Fair
Fair
Fair
 16.04 18.01 16.57
-0.14 σ
-0.85 σ
-0.46 σ
 -0.28% 09:30 AM
THD Thailand 15.58
Fair
Fair
Fair
 17.03 17.31 15.94
-0.77 σ
-0.90 σ
-0.15 σ
 +9.17% 09:30 AM
ARGT Argentina 15.58
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.21 σ
+2.05 σ
+1.84 σ
 +3.90% 09:30 AM
TUR Turkey 15.55
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.19 σ
+6.79 σ
+4.63 σ
 +3.62% 09:30 AM
EWP Spain 15.54
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.41 σ
+2.59 σ
+2.51 σ
 +7.55% 09:30 AM
EWI Italy 14.89
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.36 σ
+2.22 σ
+2.31 σ
 +7.33% 09:30 AM
NORW Norway 14.64
Expensive
Overvalued
Overvalued
 10.79 12.67 11.64
+2.01 σ
+1.05 σ
+1.81 σ
 +3.05% 09:30 AM
EPU Perù 14.48
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.14 σ
+1.10 σ
+1.50 σ
 +9.18% 09:30 AM
VNM Vietnam 14.34
Fair
Fair
-
 15.18 16.84 -
-0.40 σ
-0.90 σ
-
 -8.79% 09:30 AM
EWO Austria 14.02
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.37 σ
+2.28 σ
+2.52 σ
 +13.45% 09:30 AM
EPOL Poland 13.67
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.76 σ
+1.88 σ
+1.81 σ
 +10.57% 09:30 AM
EWM Malaysia 13.28
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.47 σ
-2.35 σ
-1.90 σ
 -0.58% 09:30 AM
EWW Mexico 12.42
Fair
Fair
Undervalued
 12.46 13.54 14.27
-0.05 σ
-0.83 σ
-1.07 σ
 +1.73% 09:30 AM
ECH Chile 12.39
Fair
Fair
Undervalued
 10.09 13.14 14.53
+0.96 σ
-0.27 σ
-1.18 σ
 -3.64% 09:30 AM
COLO Colombia 11.75
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+2.98 σ
+1.07 σ
-0.20 σ
 +15.88% 09:30 AM
EWZ Brazil 11.62
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.42 σ
+0.79 σ
+1.05 σ
 +2.70% 09:30 AM
GREK Greece 11.54
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.24 σ
+0.10 σ
+0.29 σ
 +8.37% 09:30 AM
QAT Qatar 11.19
Fair
Undervalued
-
 12.55 13.36 -
-0.80 σ
-1.63 σ
-
 -7.90% 09:30 AM
EIDO Indonesia 9.28
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.79 σ
-3.14 σ
-3.61 σ
 -23.39% 09:30 AM
FXI China 9.03
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.06 σ
-1.55 σ
-1.15 σ
 -7.88% 09:30 AM
EZA South Africa 8.83
Undervalued
Undervalued
Undervalued
 10.70 11.98 11.90
-1.03 σ
-1.60 σ
-1.80 σ
 -11.96% 09:30 AM
EPHE Philippines 8.42
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.54 σ
-2.27 σ
-2.99 σ
 -0.28% 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).