Global P/E Ratios by Country
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
Swipe left to see all data
|
P/E Evaluation
|
Historical P/E Average
|
P/E Deviation vs Avg
|
Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 30.28 |
Fair
|
Fair
|
Overvalued
|
27.14 | 27.32 | 21.25 |
+0.79 σ
|
+0.73 σ
|
+1.64 σ
|
-1.54% | 12:07 PM |
|
|
VTI | United States | 26.63 |
Overvalued
|
Expensive
|
Expensive
|
22.55 | 19.97 | 16.71 |
+1.66 σ
|
+2.38 σ
|
+3.47 σ
|
+3.71% | 01:00 PM |
|
|
EWL | Switzerland | 24.21 |
Overvalued
|
Expensive
|
Expensive
|
19.71 | 18.24 | 15.83 |
+1.94 σ
|
+3.35 σ
|
+3.81 σ
|
+6.38% | 12:59 PM |
|
|
EWT | Taiwan | 23.69 |
Expensive
|
Expensive
|
Expensive
|
16.01 | 15.02 | 14.05 |
+3.30 σ
|
+4.87 σ
|
+5.76 σ
|
+12.95% | 01:00 PM |
|
|
EWA | Australia | 23.30 |
Expensive
|
Expensive
|
Expensive
|
17.19 | 16.53 | 14.85 |
+2.51 σ
|
+3.86 σ
|
+5.11 σ
|
+8.77% | 01:00 PM |
|
|
EWY | South Korea | 21.71 |
Expensive
|
Expensive
|
Expensive
|
10.45 | 10.22 | 9.91 |
+9.80 σ
|
+10.58 σ
|
+12.42 σ
|
+50.27% | 01:00 PM |
|
|
EWH | Hong Kong | 20.88 |
Expensive
|
Expensive
|
Expensive
|
15.46 | 15.28 | 15.23 |
+4.69 σ
|
+6.02 σ
|
+5.62 σ
|
+9.42% | 12:58 PM |
|
|
EWC | Canada | 20.65 |
Overvalued
|
Expensive
|
Expensive
|
15.82 | 15.30 | 14.41 |
+1.94 σ
|
+3.44 σ
|
+5.16 σ
|
+12.58% | 12:58 PM |
|
|
EWQ | France | 20.38 |
Overvalued
|
Expensive
|
Expensive
|
16.56 | 15.43 | 13.40 |
+1.97 σ
|
+2.89 σ
|
+3.38 σ
|
+1.04% | 12:59 PM |
|
|
EWU | United Kingdom | 20.11 |
Expensive
|
Expensive
|
Expensive
|
13.24 | 13.38 | 12.32 |
+2.40 σ
|
+3.80 σ
|
+4.78 σ
|
+9.75% | 01:00 PM |
|
|
EWJ | Japan | 20.06 |
Expensive
|
Expensive
|
Expensive
|
14.84 | 14.29 | 14.43 |
+3.65 σ
|
+4.07 σ
|
+3.57 σ
|
+8.40% | 01:00 PM |
|
|
EWK | Belgium | 20.02 |
Overvalued
|
Overvalued
|
Overvalued
|
16.15 | 16.90 | 14.88 |
+1.43 σ
|
+1.59 σ
|
+1.96 σ
|
+5.98% | 12:03 PM |
|
|
EWN | Netherlands | 19.35 |
Fair
|
Overvalued
|
Expensive
|
17.92 | 16.96 | 14.35 |
+0.58 σ
|
+1.23 σ
|
+2.10 σ
|
+5.96% | 12:52 PM |
|
|
EWD | Sweden | 19.02 |
Overvalued
|
Overvalued
|
Expensive
|
16.45 | 16.15 | 14.88 |
+1.10 σ
|
+1.84 σ
|
+2.62 σ
|
+8.87% | 12:48 PM |
|
|
EWG | Germany | 18.90 |
Expensive
|
Expensive
|
Expensive
|
14.19 | 13.68 | 12.46 |
+2.12 σ
|
+3.46 σ
|
+4.83 σ
|
-0.95% | 12:59 PM |
|
|
EPU | Perù | 18.38 |
Expensive
|
Expensive
|
Expensive
|
12.09 | 12.83 | 12.31 |
+3.24 σ
|
+3.84 σ
|
+4.21 σ
|
+36.74% | 12:49 PM |
|
|
EZA | South Africa | 18.24 |
Expensive
|
Expensive
|
Expensive
|
10.68 | 12.13 | 11.91 |
+4.42 σ
|
+3.12 σ
|
+3.79 σ
|
+15.94% | 12:53 PM |
|
|
EIS | Israel | 17.59 |
Expensive
|
Expensive
|
Expensive
|
11.90 | 11.35 | 10.98 |
+2.92 σ
|
+4.84 σ
|
+4.33 σ
|
+19.83% | 12:56 PM |
|
|
ARGT | Argentina | 17.22 |
Expensive
|
Expensive
|
Expensive
|
12.65 | 12.50 | 10.68 |
+2.34 σ
|
+3.58 σ
|
+2.61 σ
|
+4.32% | 01:00 PM |
|
|
EWS | Singapore | 16.81 |
Expensive
|
Expensive
|
Expensive
|
13.69 | 13.28 | 13.39 |
+2.16 σ
|
+3.41 σ
|
+3.61 σ
|
+0.95% | 12:59 PM |
|
|
EWP | Spain | 16.13 |
Expensive
|
Expensive
|
Expensive
|
11.29 | 11.89 | 11.56 |
+3.89 σ
|
+3.39 σ
|
+3.02 σ
|
+9.80% | 12:58 PM |
|
|
EDEN | Denmark | 15.92 |
Fair
|
Fair
|
Fair
|
16.62 | 18.14 | 16.55 |
-0.23 σ
|
-0.84 σ
|
-0.34 σ
|
-7.25% | 12:25 PM |
|
|
EWM | Malaysia | 15.81 |
Overvalued
|
Fair
|
Overvalued
|
14.36 | 15.09 | 14.71 |
+1.85 σ
|
+0.94 σ
|
+1.39 σ
|
+10.15% | 01:00 PM |
|
|
EWO | Austria | 15.77 |
Expensive
|
Expensive
|
Expensive
|
8.35 | 9.63 | 9.95 |
+3.81 σ
|
+3.36 σ
|
+3.62 σ
|
+11.00% | 12:51 PM |
|
|
VNM | Vietnam | 15.70 |
Fair
|
Fair
|
-
|
15.52 | 16.63 | - |
+0.07 σ
|
-0.31 σ
|
-
|
-0.52% | 01:00 PM |
|
|
ECH | Chile | 15.59 |
Expensive
|
Fair
|
Fair
|
10.14 | 13.17 | 14.57 |
+2.21 σ
|
+0.87 σ
|
+0.56 σ
|
+14.22% | 12:59 PM |
|
|
THD | Thailand | 15.43 |
Fair
|
Undervalued
|
Fair
|
17.47 | 17.50 | 15.84 |
-0.94 σ
|
-1.03 σ
|
-0.17 σ
|
+14.04% | 12:57 PM |
|
|
EIRL | Ireland | 15.40 |
Fair
|
Fair
|
Fair
|
15.09 | 15.59 | 16.16 |
+0.16 σ
|
-0.10 σ
|
-0.31 σ
|
+3.41% | 12:55 PM |
|
|
EWW | Mexico | 15.38 |
Expensive
|
Overvalued
|
Fair
|
12.52 | 13.67 | 14.27 |
+3.17 σ
|
+1.16 σ
|
+0.64 σ
|
+12.27% | 01:00 PM |
|
|
NORW | Norway | 15.24 |
Expensive
|
Overvalued
|
Expensive
|
10.79 | 12.64 | 11.58 |
+2.31 σ
|
+1.41 σ
|
+2.27 σ
|
+17.52% | 12:59 PM |
|
|
TUR | Turkey | 14.38 |
Expensive
|
Expensive
|
Expensive
|
6.08 | 6.44 | 7.94 |
+4.29 σ
|
+6.54 σ
|
+3.98 σ
|
+12.98% | 12:58 PM |
|
|
EWI | Italy | 14.11 |
Overvalued
|
Overvalued
|
Overvalued
|
10.61 | 11.44 | 11.16 |
+1.97 σ
|
+1.80 σ
|
+1.86 σ
|
+5.09% | 01:00 PM |
|
|
EWZ | Brazil | 13.97 |
Expensive
|
Expensive
|
Expensive
|
7.97 | 10.03 | 9.99 |
+4.74 σ
|
+2.09 σ
|
+2.74 σ
|
+21.03% | 01:00 PM |
|
|
EPOL | Poland | 13.80 |
Overvalued
|
Expensive
|
Overvalued
|
10.15 | 11.04 | 11.45 |
+1.75 σ
|
+2.01 σ
|
+1.92 σ
|
+7.25% | 12:59 PM |
|
|
INDA | India | 13.17 |
Cheap
|
Cheap
|
Undervalued
|
23.10 | 20.73 | 18.02 |
-8.04 σ
|
-3.09 σ
|
-1.71 σ
|
-6.10% | 12:59 PM |
|
|
EIDO | Indonesia | 12.67 |
Fair
|
Undervalued
|
Fair
|
12.89 | 14.17 | 13.66 |
-0.17 σ
|
-1.05 σ
|
-0.82 σ
|
-9.29% | 12:59 PM |
|
|
GREK | Greece | 12.38 |
Overvalued
|
Fair
|
Fair
|
9.47 | 11.35 | 10.97 |
+1.50 σ
|
+0.53 σ
|
+0.64 σ
|
+2.91% | 12:49 PM |
|
|
QAT | Qatar | 12.33 |
Fair
|
Fair
|
-
|
13.01 | 13.38 | - |
-0.34 σ
|
-0.81 σ
|
-
|
-1.80% | 12:52 PM |
|
|
COLO | Colombia | 11.74 |
Expensive
|
Overvalued
|
Fair
|
7.21 | 9.46 | 12.41 |
+2.98 σ
|
+1.02 σ
|
-0.23 σ
|
+11.57% | 12:40 PM |
|
|
FXI | China | 10.64 |
Fair
|
Fair
|
Fair
|
10.21 | 11.17 | 11.02 |
+0.37 σ
|
-0.40 σ
|
-0.23 σ
|
-4.63% | 01:00 PM |
|
|
EPHE | Philippines | 9.74 |
Undervalued
|
Undervalued
|
Cheap
|
12.63 | 14.92 | 15.20 |
-1.16 σ
|
-1.99 σ
|
-2.50 σ
|
-1.67% | 12:56 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).