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 28.77
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.41 σ
+0.36 σ
+1.36 σ
 -5.89% 12:34 PM
VTI United States 26.66
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.67 σ
+2.39 σ
+3.48 σ
 -0.87% 01:00 PM
EWT Taiwan 23.50
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.22 σ
+4.76 σ
+5.64 σ
 +10.65% 01:00 PM
EWL Switzerland 22.92
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.38 σ
+2.63 σ
+3.23 σ
 +0.86% 01:00 PM
EWA Australia 21.80
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.90 σ
+3.01 σ
+4.20 σ
 +1.81% 01:00 PM
EWH Hong Kong 20.10
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.01 σ
+5.18 σ
+4.84 σ
 +4.76% 01:00 PM
EWC Canada 19.61
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.52 σ
+2.77 σ
+4.30 σ
 +6.14% 12:59 PM
EWY South Korea 19.46
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+7.84 σ
+8.51 σ
+10.05 σ
 +29.40% 01:00 PM
EWQ France 19.38
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.45 σ
+2.31 σ
+2.89 σ
 -3.47% 12:59 PM
EWJ Japan 19.11
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.99 σ
+3.41 σ
+2.97 σ
 +2.99% 01:00 PM
EWU United Kingdom 19.08
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.04 σ
+3.22 σ
+4.15 σ
 +3.88% 12:59 PM
EWK Belgium 18.86
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.01 σ
+1.00 σ
+1.52 σ
 -0.18% 12:47 PM
EWN Netherlands 18.35
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.18 σ
+0.71 σ
+1.68 σ
 +0.40% 12:59 PM
EWG Germany 17.64
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.55 σ
+2.62 σ
+3.88 σ
 -6.77% 12:59 PM
EWD Sweden 17.27
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.35 σ
+0.72 σ
+1.52 σ
 -1.06% 12:46 PM
EIS Israel 17.07
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.65 σ
+4.43 σ
+3.99 σ
 +14.36% 12:55 PM
ARGT Argentina 17.02
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.24 σ
+3.43 σ
+2.53 σ
 +3.85% 12:59 PM
EWS Singapore 16.64
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.04 σ
+3.24 σ
+3.42 σ
 -0.01% 12:58 PM
EPU Perù 16.27
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.15 σ
+2.38 σ
+2.75 σ
 +17.96% 12:40 PM
EZA South Africa 15.91
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+3.06 σ
+1.93 σ
+2.40 σ
 +0.30% 12:48 PM
EWM Malaysia 15.64
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.63 σ
+0.72 σ
+1.17 σ
 +8.31% 01:00 PM
NORW Norway 15.62
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.51 σ
+1.62 σ
+2.51 σ
 +19.30% 12:51 PM
EWP Spain 15.55
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.42 σ
+2.93 σ
+2.63 σ
 +5.06% 12:55 PM
EDEN Denmark 15.44
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.40 σ
-1.02 σ
-0.60 σ
 -8.89% 12:17 PM
EWO Austria 15.26
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.55 σ
+3.08 σ
+3.31 σ
 +6.81% 01:00 PM
EWW Mexico 15.16
Expensive
Overvalued
Fair
 12.52 13.67 14.27
+2.92 σ
+1.01 σ
+0.52 σ
 +9.99% 12:59 PM
VNM Vietnam 15.10
Fair
Fair
-
 15.52 16.63 -
-0.17 σ
-0.51 σ
-
 -4.99% 01:00 PM
THD Thailand 15.00
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.13 σ
-1.24 σ
-0.35 σ
 +10.03% 12:40 PM
EIRL Ireland 14.73
Fair
Fair
Fair
 15.09 15.59 16.16
-0.19 σ
-0.46 σ
-0.59 σ
 -0.82% 10:15 AM
ECH Chile 14.62
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.82 σ
+0.52 σ
+0.03 σ
 +6.35% 12:59 PM
TUR Turkey 13.77
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+3.98 σ
+6.04 σ
+3.60 σ
 +7.23% 12:59 PM
EWZ Brazil 13.63
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.47 σ
+1.91 σ
+2.51 σ
 +16.60% 01:00 PM
EPOL Poland 13.44
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.58 σ
+1.75 σ
+1.62 σ
 +4.00% 12:58 PM
EWI Italy 13.41
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.58 σ
+1.33 σ
+1.41 σ
 -0.20% 12:59 PM
INDA India 12.29
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-8.75 σ
-3.45 σ
-2.02 σ
 -11.27% 01:00 PM
EIDO Indonesia 12.12
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.60 σ
-1.44 σ
-1.28 σ
 -11.85% 12:56 PM
QAT Qatar 11.94
Fair
Undervalued
-
 13.01 13.38 -
-0.53 σ
-1.11 σ
-
 -4.30% 12:50 PM
COLO Colombia 11.82
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+3.03 σ
+1.06 σ
-0.20 σ
 +11.19% 12:44 PM
GREK Greece 11.67
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.13 σ
+0.16 σ
+0.32 σ
 -3.34% 12:39 PM
FXI China 10.11
Fair
Fair
Fair
 10.21 11.17 11.02
-0.09 σ
-0.79 σ
-0.54 σ
 -8.87% 12:59 PM
EPHE Philippines 10.09
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.02 σ
-1.85 σ
-2.34 σ
 -4.21% 12:53 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).