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 28.10
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.36 σ
+6.79 σ
+7.80 σ
 +21.94% 31 Jul
ENZL New Zealand 27.32
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.11 σ
-0.04 σ
+1.05 σ
 +3.17% 31 Jul
VTI United States 26.31
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.28 σ
+2.01 σ
+3.11 σ
 +6.62% 31 Jul
EWL Switzerland 24.61
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.83 σ
+3.13 σ
+3.73 σ
 +4.43% 31 Jul
INDA India 22.76
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.28 σ
+0.78 σ
+1.61 σ
 -2.34% 31 Jul
EWA Australia 21.68
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.62 σ
+2.62 σ
+3.79 σ
 +4.93% 31 Jul
EWC Canada 21.21
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.88 σ
+3.30 σ
+5.26 σ
 +6.77% 31 Jul
EWN Netherlands 20.84
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.96 σ
+1.92 σ
+2.60 σ
 +7.66% 31 Jul
EWQ France 19.21
Overvalued
Expensive
Expensive
 16.60 15.60 13.51
+1.32 σ
+2.04 σ
+2.65 σ
 +3.15% 31 Jul
EWJ Japan 18.62
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.48 σ
+2.78 σ
+2.64 σ
 +5.78% 31 Jul
EWU United Kingdom 18.30
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.47 σ
+2.51 σ
+3.47 σ
 +6.37% 31 Jul
EWG Germany 18.16
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.57 σ
+2.57 σ
+3.97 σ
 +2.29% 31 Jul
EWH Hong Kong 18.01
Expensive
Expensive
Expensive
 15.47 15.41 15.26
+2.18 σ
+2.62 σ
+2.64 σ
 +2.20% 31 Jul
EWS Singapore 17.99
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.56 σ
+4.11 σ
+4.65 σ
 +12.08% 31 Jul
EWK Belgium 17.65
Fair
Fair
Overvalued
 16.07 16.87 15.03
+0.60 σ
+0.40 σ
+1.00 σ
 +5.75% 31 Jul
EWD Sweden 17.19
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.48 σ
+0.63 σ
+1.42 σ
 +3.86% 31 Jul
EWY South Korea 17.18
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+4.65 σ
+5.54 σ
+7.22 σ
 +14.56% 31 Jul
EIRL Ireland 16.68
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.80 σ
+0.62 σ
+0.20 σ
 +8.51% 31 Jul
EIS Israel 16.32
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.98 σ
+3.49 σ
+3.49 σ
 +0.91% 31 Jul
EWP Spain 16.19
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.93 σ
+3.07 σ
+2.93 σ
 +11.34% 31 Jul
EDEN Denmark 16.04
Fair
Fair
Fair
 16.04 18.01 16.57
+0.00 σ
-0.73 σ
-0.29 σ
 +1.71% 31 Jul
ARGT Argentina 15.74
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.28 σ
+2.17 σ
+1.90 σ
 +4.16% 31 Jul
THD Thailand 15.71
Fair
Fair
Fair
 17.03 17.31 15.94
-0.70 σ
-0.83 σ
-0.10 σ
 +9.48% 31 Jul
EWI Italy 15.36
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.61 σ
+2.52 σ
+2.60 σ
 +10.14% 31 Jul
TUR Turkey 15.00
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+2.99 σ
+6.38 σ
+4.29 σ
 -0.41% 31 Jul
NORW Norway 14.91
Expensive
Overvalued
Overvalued
 10.79 12.67 11.64
+2.15 σ
+1.19 σ
+1.97 σ
 +4.46% 31 Jul
EPU Perù 14.59
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.20 σ
+1.18 σ
+1.58 σ
 +9.06% 31 Jul
VNM Vietnam 14.58
Fair
Fair
-
 15.18 16.84 -
-0.29 σ
-0.81 σ
-
 -6.98% 31 Jul
EPOL Poland 14.35
Expensive
Expensive
Expensive
 10.11 11.06 11.46
+2.09 σ
+2.37 σ
+2.36 σ
 +15.18% 31 Jul
EWO Austria 14.26
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.48 σ
+2.41 σ
+2.66 σ
 +14.39% 31 Jul
EWM Malaysia 13.41
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.31 σ
-2.18 σ
-1.73 σ
 +0.18% 31 Jul
EWW Mexico 12.72
Fair
Fair
Fair
 12.46 13.54 14.27
+0.31 σ
-0.61 σ
-0.90 σ
 +3.69% 31 Jul
ECH Chile 12.62
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.06 σ
-0.19 σ
-1.05 σ
 -2.30% 31 Jul
GREK Greece 12.30
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.67 σ
+0.50 σ
+0.64 σ
 +14.90% 31 Jul
COLO Colombia 12.09
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+3.21 σ
+1.23 σ
-0.08 σ
 +18.15% 31 Jul
EWZ Brazil 11.77
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.53 σ
+0.87 σ
+1.16 σ
 +3.48% 31 Jul
QAT Qatar 11.13
Fair
Undervalued
-
 12.55 13.36 -
-0.84 σ
-1.67 σ
-
 -8.14% 31 Jul
FXI China 9.56
Fair
Undervalued
Fair
 9.96 11.14 10.97
-0.46 σ
-1.16 σ
-0.84 σ
 -2.10% 31 Jul
EZA South Africa 9.30
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.78 σ
-1.36 σ
-1.53 σ
 -7.23% 31 Jul
EIDO Indonesia 9.25
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.82 σ
-3.17 σ
-3.64 σ
 -22.92% 31 Jul
EPHE Philippines 8.57
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.48 σ
-2.21 σ
-2.92 σ
 +1.47% 31 Jul
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).