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
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 28.27
Fair
Fair
Overvalued
 26.97 27.44 21.47
+0.34 σ
+0.21 σ
+1.23 σ
 +2.05% 09:30 AM
EWT Taiwan 27.75
Expensive
Expensive
Expensive
 16.20 15.23 14.16
+4.48 σ
+6.75 σ
+7.74 σ
 +50.50% 09:30 AM
VTI United States 26.78
Overvalued
Expensive
Expensive
 22.82 20.25 16.85
+1.52 σ
+2.24 σ
+3.33 σ
 +11.13% 09:30 AM
EWY South Korea 24.04
Expensive
Expensive
Expensive
 10.54 10.30 9.94
+10.29 σ
+11.50 σ
+14.26 σ
 +89.00% 09:30 AM
INDA India 22.92
Fair
Fair
Overvalued
 23.10 20.83 18.05
-0.15 σ
+0.87 σ
+1.69 σ
 -7.47% 09:30 AM
EWL Switzerland 22.89
Overvalued
Expensive
Expensive
 19.97 18.44 15.94
+1.20 σ
+2.34 σ
+3.04 σ
 +5.03% 09:30 AM
EWA Australia 20.78
Overvalued
Expensive
Expensive
 17.40 16.69 14.92
+1.31 σ
+2.20 σ
+3.35 σ
 +5.45% 09:30 AM
EWC Canada 19.85
Overvalued
Expensive
Expensive
 16.08 15.41 14.45
+1.42 σ
+2.58 σ
+4.27 σ
 +9.31% 09:30 AM
EWN Netherlands 19.41
Fair
Overvalued
Expensive
 17.57 17.07 14.43
+0.96 σ
+1.21 σ
+2.05 σ
 +13.42% 09:30 AM
EWK Belgium 18.76
Overvalued
Fair
Overvalued
 16.09 16.87 14.99
+1.01 σ
+0.97 σ
+1.44 σ
 +9.46% 09:30 AM
EWJ Japan 18.61
Expensive
Expensive
Expensive
 14.87 14.45 14.43
+2.55 σ
+2.85 σ
+2.66 σ
 +9.70% 09:30 AM
EWG Germany 18.54
Overvalued
Expensive
Expensive
 14.33 13.83 12.51
+1.77 σ
+2.88 σ
+4.31 σ
 +3.77% 09:30 AM
EWQ France 18.48
Fair
Overvalued
Expensive
 16.60 15.57 13.48
+0.95 σ
+1.65 σ
+2.34 σ
 +2.47% 09:30 AM
EWU United Kingdom 18.08
Overvalued
Expensive
Expensive
 13.55 13.45 12.37
+1.46 σ
+2.47 σ
+3.39 σ
 +4.95% 09:30 AM
EWH Hong Kong 17.62
Overvalued
Expensive
Expensive
 15.47 15.38 15.25
+1.83 σ
+2.29 σ
+2.30 σ
 +2.32% 09:30 AM
EIS Israel 17.37
Expensive
Expensive
Expensive
 11.98 11.46 10.98
+2.62 σ
+4.35 σ
+4.18 σ
 +18.71% 09:30 AM
ARGT Argentina 16.85
Overvalued
Expensive
Expensive
 12.94 12.69 10.78
+1.83 σ
+2.98 σ
+2.35 σ
 +13.25% 09:30 AM
NORW Norway 16.66
Expensive
Expensive
Expensive
 10.79 12.67 11.62
+3.04 σ
+2.13 σ
+3.06 σ
 +17.00% 09:30 AM
THD Thailand 16.61
Fair
Fair
Fair
 17.14 17.36 15.92
-0.27 σ
-0.38 σ
+0.29 σ
 +15.21% 09:30 AM
EWS Singapore 16.52
Overvalued
Expensive
Expensive
 13.82 13.39 13.40
+1.72 σ
+2.87 σ
+3.21 σ
 +4.66% 09:30 AM
EDEN Denmark 16.35
Fair
Fair
Fair
 16.14 18.03 16.56
+0.09 σ
-0.63 σ
-0.11 σ
 +0.41% 09:30 AM
EWD Sweden 16.04
Fair
Fair
Fair
 16.26 16.21 14.92
-0.10 σ
-0.11 σ
+0.71 σ
 +4.83% 09:30 AM
VNM Vietnam 15.88
Fair
Fair
-
 15.24 16.78 -
+0.29 σ
-0.32 σ
-
 +0.77% 09:30 AM
EWP Spain 15.39
Expensive
Expensive
Expensive
 11.29 11.96 11.59
+3.30 σ
+2.57 σ
+2.46 σ
 +8.36% 09:30 AM
EIRL Ireland 15.05
Fair
Fair
Fair
 14.72 15.52 16.18
+0.25 σ
-0.25 σ
-0.47 σ
 +8.03% 09:30 AM
TUR Turkey 14.85
Expensive
Expensive
Expensive
 6.56 6.47 7.94
+3.23 σ
+6.52 σ
+4.24 σ
 +4.49% 09:30 AM
EWO Austria 14.75
Expensive
Expensive
Expensive
 8.46 9.67 9.95
+2.88 σ
+2.72 σ
+2.99 σ
 +17.34% 09:30 AM
EWI Italy 14.73
Expensive
Expensive
Expensive
 10.62 11.48 11.17
+2.30 σ
+2.14 σ
+2.23 σ
 +9.49% 09:30 AM
EWM Malaysia 14.61
Fair
Fair
Fair
 14.44 15.09 14.73
+0.21 σ
-0.63 σ
-0.16 σ
 +3.78% 09:30 AM
EPU Perù 14.50
Overvalued
Overvalued
Overvalued
 12.14 12.85 12.33
+1.17 σ
+1.12 σ
+1.52 σ
 +17.54% 09:30 AM
ECH Chile 13.12
Overvalued
Fair
Fair
 10.11 13.15 14.54
+1.25 σ
-0.01 σ
-0.78 σ
 +5.74% 09:30 AM
EWW Mexico 12.91
Fair
Fair
Fair
 12.50 13.59 14.26
+0.48 σ
-0.49 σ
-0.78 σ
 +8.63% 09:30 AM
EPOL Poland 12.67
Overvalued
Overvalued
Fair
 10.13 11.06 11.45
+1.24 σ
+1.17 σ
+0.99 σ
 +12.56% 09:30 AM
COLO Colombia 12.59
Expensive
Overvalued
Fair
 7.21 9.44 12.34
+3.53 σ
+1.44 σ
+0.09 σ
 +12.65% 09:30 AM
EWZ Brazil 11.63
Expensive
Fair
Overvalued
 8.05 10.06 10.06
+2.57 σ
+0.82 σ
+1.08 σ
 +3.99% 09:30 AM
QAT Qatar 11.48
Fair
Undervalued
-
 12.67 13.37 -
-0.67 σ
-1.43 σ
-
 -1.04% 09:30 AM
GREK Greece 11.30
Overvalued
Fair
Fair
 9.37 11.34 10.92
+1.06 σ
-0.02 σ
+0.17 σ
 +10.66% 09:30 AM
FXI China 9.59
Fair
Undervalued
Fair
 10.03 11.16 10.98
-0.47 σ
-1.16 σ
-0.83 σ
 -8.22% 09:30 AM
EZA South Africa 9.54
Fair
Undervalued
Undervalued
 10.72 12.03 11.90
-0.65 σ
-1.27 σ
-1.39 σ
 -0.40% 09:30 AM
EIDO Indonesia 9.52
Cheap
Cheap
Cheap
 12.66 14.06 13.66
-2.59 σ
-3.06 σ
-3.41 σ
 -25.56% 09:30 AM
EPHE Philippines 7.98
Undervalued
Cheap
Cheap
 12.25 14.67 15.16
-1.74 σ
-2.48 σ
-3.20 σ
 -5.84% 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).