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 28.69
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.33 σ
+6.92 σ
+7.98 σ
 +27.89% 25 Aug
ENZL New Zealand 27.75
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.23 σ
+0.06 σ
+1.12 σ
 +7.56% 25 Aug
EWL Switzerland 26.00
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.32 σ
+3.71 σ
+4.26 σ
 +5.87% 25 Aug
VTI United States 24.70
Fair
Overvalued
Expensive
 23.01 20.44 16.95
+0.63 σ
+1.42 σ
+2.52 σ
 +8.23% 25 Aug
INDA India 22.81
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.25 σ
+0.78 σ
+1.61 σ
 -0.77% 25 Aug
EWA Australia 21.42
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.46 σ
+2.41 σ
+3.57 σ
 +7.86% 25 Aug
EWC Canada 20.94
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.70 σ
+3.04 σ
+4.96 σ
 +10.75% 25 Aug
EWN Netherlands 20.78
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.97 σ
+1.83 σ
+2.54 σ
 +10.22% 25 Aug
EWS Singapore 19.62
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.43 σ
+5.42 σ
+6.21 σ
 +17.14% 25 Aug
EWJ Japan 18.83
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.52 σ
+2.85 σ
+2.75 σ
 +8.09% 25 Aug
EWH Hong Kong 18.25
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.32 σ
+2.77 σ
+2.82 σ
 +2.24% 25 Aug
EWG Germany 18.07
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.47 σ
+2.42 σ
+3.83 σ
 +5.56% 25 Aug
EWQ France 17.97
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.66 σ
+1.29 σ
+2.04 σ
 +3.45% 25 Aug
EDEN Denmark 17.33
Fair
Fair
Fair
 15.95 17.97 16.58
+0.64 σ
-0.24 σ
+0.41 σ
 +7.33% 25 Aug
EIS Israel 17.21
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.29 σ
+4.03 σ
+4.03 σ
 +2.18% 25 Aug
EWY South Korea 17.20
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.95 σ
+5.36 σ
+7.13 σ
 +25.13% 25 Aug
EIRL Ireland 16.38
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.88 σ
+0.45 σ
+0.07 σ
 +13.22% 25 Aug
ARGT Argentina 16.26
Overvalued
Expensive
Expensive
 13.09 12.79 10.86
+1.47 σ
+2.48 σ
+2.08 σ
 +3.46% 25 Aug
EWP Spain 16.17
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.82 σ
+2.96 σ
+2.88 σ
 +12.17% 25 Aug
EWK Belgium 16.01
Fair
Fair
Fair
 16.04 16.85 15.06
-0.01 σ
-0.44 σ
+0.36 σ
 +7.43% 25 Aug
EWU United Kingdom 15.96
Fair
Overvalued
Expensive
 13.77 13.50 12.42
+0.68 σ
+1.26 σ
+2.06 σ
 +7.31% 25 Aug
TUR Turkey 15.29
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.84 σ
+6.32 σ
+4.43 σ
 +4.07% 25 Aug
EWI Italy 15.22
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.47 σ
+2.39 σ
+2.49 σ
 +10.71% 25 Aug
EWD Sweden 14.86
Fair
Fair
Fair
 16.13 16.24 14.96
-0.61 σ
-0.89 σ
-0.06 σ
 +6.93% 25 Aug
EPOL Poland 14.84
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.32 σ
+2.68 σ
+2.74 σ
 +17.36% 25 Aug
VNM Vietnam 14.77
Fair
Fair
-
 15.09 16.87 -
-0.16 σ
-0.77 σ
-
 -1.32% 25 Aug
EPU Perù 14.69
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.20 σ
+1.22 σ
+1.63 σ
 +16.96% 25 Aug
THD Thailand 14.35
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.41 σ
-1.54 σ
-0.70 σ
 +7.92% 25 Aug
EWM Malaysia 13.76
Fair
Undervalued
Undervalued
 14.44 15.06 14.74
-0.85 σ
-1.65 σ
-1.27 σ
 +1.80% 25 Aug
NORW Norway 13.44
Overvalued
Fair
Overvalued
 10.79 12.68 11.66
+1.37 σ
+0.41 σ
+1.07 σ
 +8.46% 25 Aug
EWO Austria 13.23
Overvalued
Overvalued
Expensive
 8.61 9.74 9.96
+1.89 σ
+1.81 σ
+2.02 σ
 +15.00% 25 Aug
ECH Chile 12.58
Overvalued
Fair
Undervalued
 10.07 13.12 14.51
+1.07 σ
-0.19 σ
-1.06 σ
 +2.73% 25 Aug
EWW Mexico 12.30
Fair
Fair
Undervalued
 12.43 13.50 14.27
-0.16 σ
-0.91 σ
-1.14 σ
 +3.89% 25 Aug
COLO Colombia 11.78
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+2.90 σ
+1.07 σ
-0.18 σ
 +23.73% 25 Aug
EWZ Brazil 11.70
Expensive
Fair
Overvalued
 8.16 10.08 10.11
+2.29 σ
+0.83 σ
+1.10 σ
 +0.25% 25 Aug
GREK Greece 11.69
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.32 σ
+0.18 σ
+0.36 σ
 +19.12% 25 Aug
QAT Qatar 10.72
Undervalued
Undervalued
-
 12.43 13.34 -
-1.08 σ
-1.94 σ
-
 -8.28% 25 Aug
FXI China 9.72
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.23 σ
-1.02 σ
-0.74 σ
 -3.64% 25 Aug
EIDO Indonesia 9.67
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.46 σ
-2.83 σ
-3.29 σ
 -17.97% 25 Aug
EZA South Africa 9.42
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.71 σ
-1.28 σ
-1.45 σ
 +5.20% 25 Aug
EPHE Philippines 8.33
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.57 σ
-2.25 σ
-3.01 σ
 -1.01% 25 Aug
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).