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 29.69
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.95 σ
+7.64 σ
+8.69 σ
 +30.63% 09:30 AM
ENZL New Zealand 27.32
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.11 σ
-0.04 σ
+1.05 σ
 +3.18% 09:30 AM
VTI United States 26.62
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.39 σ
+2.12 σ
+3.21 σ
 +7.54% 09:30 AM
EWL Switzerland 24.35
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.73 σ
+2.99 σ
+3.62 σ
 +3.67% 09:30 AM
INDA India 22.11
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.80 σ
+0.51 σ
+1.39 σ
 -5.39% 09:30 AM
EWN Netherlands 21.37
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.27 σ
+2.19 σ
+2.82 σ
 +10.90% 09:30 AM
EWA Australia 21.34
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.49 σ
+2.44 σ
+3.59 σ
 +3.55% 09:30 AM
EWC Canada 21.17
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.87 σ
+3.28 σ
+5.24 σ
 +7.17% 09:30 AM
EWQ France 18.81
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.12 σ
+1.82 σ
+2.47 σ
 +1.17% 09:30 AM
EWY South Korea 18.77
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.77 σ
+6.83 σ
+8.82 σ
 +27.65% 09:30 AM
EWJ Japan 18.65
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.50 σ
+2.79 σ
+2.66 σ
 +6.35% 09:30 AM
EWU United Kingdom 17.90
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.35 σ
+2.31 σ
+3.24 σ
 +4.53% 09:30 AM
EWS Singapore 17.85
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.48 σ
+3.99 σ
+4.51 σ
 +11.66% 09:30 AM
EWH Hong Kong 17.59
Overvalued
Expensive
Expensive
 15.47 15.41 15.26
+1.82 σ
+2.20 σ
+2.24 σ
 +0.07% 09:30 AM
EWG Germany 17.56
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.32 σ
+2.21 σ
+3.54 σ
 -1.11% 09:30 AM
EWK Belgium 17.52
Fair
Fair
Fair
 16.07 16.87 15.03
+0.55 σ
+0.34 σ
+0.95 σ
 +5.46% 09:30 AM
EIRL Ireland 16.64
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.76 σ
+0.60 σ
+0.19 σ
 +8.89% 09:30 AM
EWD Sweden 16.57
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.19 σ
+0.23 σ
+1.04 σ
 +0.40% 09:30 AM
EIS Israel 16.44
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.04 σ
+3.58 σ
+3.57 σ
 +2.23% 09:30 AM
EDEN Denmark 15.95
Fair
Fair
Fair
 16.04 18.01 16.57
-0.04 σ
-0.77 σ
-0.34 σ
 +1.14% 09:30 AM
EWP Spain 15.85
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.67 σ
+2.82 σ
+2.72 σ
 +9.84% 09:30 AM
ARGT Argentina 15.83
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.33 σ
+2.23 σ
+1.94 σ
 +5.69% 09:30 AM
TUR Turkey 15.71
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.25 σ
+6.92 σ
+4.72 σ
 +4.78% 09:30 AM
THD Thailand 15.71
Fair
Fair
Fair
 17.03 17.31 15.94
-0.70 σ
-0.83 σ
-0.10 σ
 +10.15% 09:30 AM
EWI Italy 15.23
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.55 σ
+2.44 σ
+2.52 σ
 +9.88% 09:30 AM
EPU Perù 14.88
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.34 σ
+1.37 σ
+1.78 σ
 +12.34% 09:30 AM
NORW Norway 14.59
Overvalued
Overvalued
Overvalued
 10.79 12.67 11.64
+1.98 σ
+1.02 σ
+1.78 σ
 +2.76% 09:30 AM
EWO Austria 14.29
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.49 σ
+2.43 σ
+2.69 σ
 +15.84% 09:30 AM
VNM Vietnam 14.17
Fair
Fair
-
 15.18 16.84 -
-0.48 σ
-0.96 σ
-
 -9.90% 09:30 AM
EPOL Poland 13.86
Overvalued
Expensive
Overvalued
 10.11 11.06 11.46
+1.85 σ
+2.02 σ
+1.96 σ
 +12.21% 09:30 AM
EWM Malaysia 13.32
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.42 σ
-2.29 σ
-1.84 σ
 -0.25% 09:30 AM
EWW Mexico 12.66
Fair
Fair
Fair
 12.46 13.54 14.27
+0.24 σ
-0.66 σ
-0.93 σ
 +3.73% 09:30 AM
ECH Chile 12.62
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.06 σ
-0.19 σ
-1.05 σ
 -1.76% 09:30 AM
GREK Greece 11.87
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.43 σ
+0.27 σ
+0.44 σ
 +11.54% 09:30 AM
COLO Colombia 11.82
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+3.03 σ
+1.10 σ
-0.18 σ
 +16.78% 09:30 AM
EWZ Brazil 11.65
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.44 σ
+0.81 σ
+1.08 σ
 +3.09% 09:30 AM
QAT Qatar 11.29
Fair
Undervalued
-
 12.55 13.36 -
-0.74 σ
-1.55 σ
-
 -7.07% 09:30 AM
EIDO Indonesia 9.47
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.63 σ
-3.02 σ
-3.45 σ
 -21.91% 09:30 AM
EZA South Africa 9.21
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.82 σ
-1.41 σ
-1.58 σ
 -8.22% 09:30 AM
FXI China 9.04
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.05 σ
-1.54 σ
-1.15 σ
 -7.87% 09:30 AM
EPHE Philippines 8.51
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.50 σ
-2.23 σ
-2.95 σ
 +0.74% 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).