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 27.49
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.13 σ
+0.02 σ
+1.10 σ
 -0.84% 14 May
VTI United States 26.25
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.39 σ
+2.12 σ
+3.21 σ
 +10.34% 14 May
EWT Taiwan 24.90
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.54 σ
+5.31 σ
+6.24 σ
 +39.14% 14 May
EWL Switzerland 22.36
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.04 σ
+2.15 σ
+2.86 σ
 +5.56% 14 May
EWY South Korea 21.14
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+8.63 σ
+9.40 σ
+11.48 σ
 +76.16% 14 May
EWA Australia 20.88
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.41 σ
+2.33 σ
+3.49 σ
 +6.51% 14 May
INDA India 20.81
Undervalued
Fair
Fair
 23.07 20.77 18.01
-1.77 σ
+0.02 σ
+0.98 σ
 -7.18% 14 May
EWC Canada 19.67
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.41 σ
+2.57 σ
+4.20 σ
 +9.57% 14 May
EWH Hong Kong 18.70
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.75 σ
+3.48 σ
+3.39 σ
 +9.28% 14 May
EWU United Kingdom 18.05
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.52 σ
+2.53 σ
+3.42 σ
 +5.65% 14 May
EWK Belgium 17.96
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.70 σ
+0.56 σ
+1.15 σ
 +8.39% 14 May
EWN Netherlands 17.56
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.05 σ
+0.28 σ
+1.31 σ
 +11.87% 14 May
EWJ Japan 17.55
Overvalued
Expensive
Overvalued
 14.84 14.40 14.43
+1.89 σ
+2.18 σ
+1.99 σ
 +9.78% 14 May
EIS Israel 17.36
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.68 σ
+4.45 σ
+4.18 σ
 +21.24% 14 May
EWQ France 17.34
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.39 σ
+1.04 σ
+1.84 σ
 +1.09% 14 May
EWG Germany 17.00
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.19 σ
+2.02 σ
+3.28 σ
 +0.99% 14 May
VNM Vietnam 16.78
Fair
Fair
-
 15.32 16.73 -
+0.63 σ
+0.02 σ
-
 +7.20% 14 May
NORW Norway 16.76
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.09 σ
+2.20 σ
+3.15 σ
 +19.69% 14 May
THD Thailand 16.49
Fair
Fair
Fair
 17.23 17.41 15.89
-0.36 σ
-0.46 σ
+0.25 σ
 +15.90% 14 May
EDEN Denmark 16.41
Fair
Fair
Fair
 16.28 18.06 16.55
+0.05 σ
-0.62 σ
-0.08 σ
 +1.02% 14 May
EWS Singapore 16.18
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.58 σ
+2.63 σ
+2.89 σ
 +2.94% 14 May
TUR Turkey 16.12
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.13 σ
+7.70 σ
+5.03 σ
 +14.23% 14 May
EWD Sweden 15.62
Fair
Fair
Fair
 16.33 16.19 14.90
-0.32 σ
-0.37 σ
+0.45 σ
 +2.82% 14 May
EWM Malaysia 15.42
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.23 σ
+0.43 σ
+0.88 σ
 +10.61% 14 May
ARGT Argentina 15.23
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.15 σ
+1.92 σ
+1.76 σ
 +2.89% 14 May
EWP Spain 14.24
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.37 σ
+1.77 σ
+1.74 σ
 +7.32% 14 May
EPU Perù 14.16
Overvalued
Fair
Overvalued
 12.13 12.84 12.31
+1.02 σ
+0.90 σ
+1.30 σ
 +17.75% 14 May
EWW Mexico 14.02
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.65 σ
+0.27 σ
-0.15 σ
 +11.69% 14 May
EWO Austria 13.59
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.49 σ
+2.13 σ
+2.27 σ
 +14.66% 14 May
EIRL Ireland 13.26
Undervalued
Undervalued
Undervalued
 14.83 15.54 16.17
-1.00 σ
-1.22 σ
-1.20 σ
 +4.09% 14 May
EWI Italy 12.98
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.34 σ
+1.01 σ
+1.14 σ
 +9.78% 14 May
ECH Chile 12.83
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.11 σ
-0.12 σ
-0.95 σ
 +4.89% 14 May
EPOL Poland 12.57
Overvalued
Overvalued
Fair
 10.13 11.05 11.45
+1.18 σ
+1.10 σ
+0.91 σ
 +12.84% 14 May
EWZ Brazil 12.11
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.05 σ
+1.08 σ
+1.42 σ
 +9.81% 14 May
QAT Qatar 11.29
Fair
Undervalued
-
 12.78 13.38 -
-0.80 σ
-1.59 σ
-
 -2.99% 14 May
COLO Colombia 11.09
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.55 σ
+0.75 σ
-0.44 σ
 +0.47% 14 May
GREK Greece 10.98
Fair
Fair
Fair
 9.40 11.35 10.93
+0.85 σ
-0.19 σ
+0.02 σ
 +8.28% 14 May
EIDO Indonesia 10.60
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.74 σ
-2.39 σ
-2.55 σ
 -18.30% 14 May
FXI China 10.11
Fair
Fair
Fair
 10.10 11.17 11.00
+0.01 σ
-0.79 σ
-0.53 σ
 -3.56% 14 May
EZA South Africa 9.95
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.43 σ
-1.08 σ
-1.16 σ
 +4.89% 14 May
EPHE Philippines 8.28
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.66 σ
-2.43 σ
-3.10 σ
 -2.64% 14 May
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).