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)
ENZL New Zealand 26.96
Fair
Fair
Overvalued
 27.07 27.37 21.33
-0.03 σ
-0.10 σ
+1.02 σ
 -4.75% 28 Apr
VTI United States 25.05
Fair
Overvalued
Expensive
 22.65 20.07 16.76
+0.95 σ
+1.75 σ
+2.86 σ
 +6.25% 28 Apr
EWT Taiwan 23.80
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.23 σ
+4.83 σ
+5.71 σ
 +31.03% 28 Apr
EWL Switzerland 22.29
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.05 σ
+2.18 σ
+2.88 σ
 +4.51% 28 Apr
INDA India 21.27
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.40 σ
+0.22 σ
+1.15 σ
 -6.10% 28 Apr
EWA Australia 19.99
Overvalued
Overvalued
Expensive
 17.27 16.59 14.88
+1.10 σ
+1.90 σ
+3.04 σ
 +6.42% 28 Apr
EWC Canada 19.17
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.28 σ
+2.37 σ
+3.87 σ
 +9.63% 28 Apr
EWY South Korea 17.79
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+6.33 σ
+6.74 σ
+8.16 σ
 +51.38% 28 Apr
EWK Belgium 17.67
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.57 σ
+0.40 σ
+1.05 σ
 +4.73% 28 Apr
EWH Hong Kong 17.60
Overvalued
Expensive
Expensive
 15.46 15.32 15.24
+1.85 σ
+2.43 σ
+2.33 σ
 +5.11% 28 Apr
EIS Israel 17.54
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.84 σ
+4.69 σ
+4.30 σ
 +18.06% 28 Apr
EWU United Kingdom 17.45
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.38 σ
+2.25 σ
+3.11 σ
 +6.41% 28 Apr
EWQ France 17.36
Fair
Overvalued
Overvalued
 16.58 15.49 13.42
+0.40 σ
+1.08 σ
+1.88 σ
 +1.06% 28 Apr
EWN Netherlands 17.33
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.20 σ
+0.17 σ
+1.23 σ
 +6.20% 28 Apr
NORW Norway 17.16
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.30 σ
+2.44 σ
+3.42 σ
 +19.53% 28 Apr
EWJ Japan 16.95
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.48 σ
+1.82 σ
+1.60 σ
 +5.70% 28 Apr
EWG Germany 16.86
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.15 σ
+2.00 σ
+3.24 σ
 +0.12% 28 Apr
EWD Sweden 16.62
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.09 σ
+0.28 σ
+1.08 σ
 +3.36% 28 Apr
VNM Vietnam 15.83
Fair
Fair
-
 15.43 16.68 -
+0.16 σ
-0.29 σ
-
 +6.50% 28 Apr
TUR Turkey 15.81
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.50 σ
+7.57 σ
+4.87 σ
 +16.38% 28 Apr
EWS Singapore 15.60
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.24 σ
+2.17 σ
+2.30 σ
 +1.06% 28 Apr
ARGT Argentina 15.50
Overvalued
Expensive
Overvalued
 12.77 12.57 10.71
+1.34 σ
+2.17 σ
+1.89 σ
 +5.54% 28 Apr
EWM Malaysia 15.47
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.34 σ
+0.49 σ
+0.94 σ
 +9.43% 28 Apr
THD Thailand 15.25
Fair
Undervalued
Fair
 17.35 17.45 15.87
-1.00 σ
-1.10 σ
-0.26 σ
 +11.25% 28 Apr
EDEN Denmark 15.24
Fair
Undervalued
Fair
 16.46 18.10 16.56
-0.44 σ
-1.08 σ
-0.72 σ
 -1.47% 28 Apr
EWO Austria 14.38
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+2.99 σ
+2.57 σ
+2.76 σ
 +14.82% 28 Apr
EWP Spain 14.22
Expensive
Overvalued
Overvalued
 11.29 11.92 11.57
+2.35 σ
+1.79 σ
+1.74 σ
 +8.46% 28 Apr
EPU Perù 13.77
Fair
Fair
Overvalued
 12.12 12.86 12.31
+0.82 σ
+0.61 σ
+1.01 σ
 +13.64% 28 Apr
EWW Mexico 13.63
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.23 σ
-0.02 σ
-0.37 σ
 +9.55% 28 Apr
ECH Chile 13.56
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.39 σ
+0.14 σ
-0.55 σ
 +11.91% 28 Apr
EWI Italy 13.53
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.65 σ
+1.38 σ
+1.49 σ
 +8.53% 28 Apr
EIRL Ireland 13.11
Undervalued
Undervalued
Undervalued
 14.97 15.57 16.17
-1.07 σ
-1.32 σ
-1.26 σ
 +1.51% 28 Apr
EWZ Brazil 12.73
Expensive
Overvalued
Overvalued
 7.99 10.04 10.02
+3.63 σ
+1.41 σ
+1.87 σ
 +19.85% 28 Apr
EPOL Poland 11.89
Fair
Fair
Fair
 10.16 11.05 11.46
+0.83 σ
+0.61 σ
+0.35 σ
 +9.77% 28 Apr
COLO Colombia 11.05
Expensive
Fair
Fair
 7.21 9.46 12.38
+2.53 σ
+0.72 σ
-0.47 σ
 +7.03% 28 Apr
QAT Qatar 10.87
Undervalued
Undervalued
-
 12.91 13.39 -
-1.05 σ
-1.94 σ
-
 -1.79% 28 Apr
EIDO Indonesia 10.86
Undervalued
Cheap
Cheap
 12.83 14.14 13.67
-1.57 σ
-2.28 σ
-2.33 σ
 -14.70% 28 Apr
GREK Greece 9.92
Fair
Fair
Fair
 9.45 11.36 10.96
+0.24 σ
-0.74 σ
-0.48 σ
 +4.19% 28 Apr
FXI China 9.76
Fair
Undervalued
Fair
 10.16 11.17 11.02
-0.37 σ
-1.05 σ
-0.74 σ
 -6.28% 28 Apr
EZA South Africa 9.36
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.78 σ
-1.42 σ
-1.52 σ
 +3.30% 28 Apr
EPHE Philippines 8.44
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.65 σ
-2.43 σ
-3.06 σ
 -5.62% 28 Apr
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).