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 28.33
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.44 σ
+6.92 σ
+7.93 σ
 +25.52% 09:30 AM
ENZL New Zealand 27.67
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.20 σ
+0.05 σ
+1.12 σ
 +4.53% 09:30 AM
VTI United States 26.51
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.35 σ
+2.08 σ
+3.17 σ
 +7.29% 09:30 AM
EWL Switzerland 24.64
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.84 σ
+3.14 σ
+3.74 σ
 +5.09% 09:30 AM
INDA India 22.39
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.58 σ
+0.62 σ
+1.48 σ
 -4.32% 09:30 AM
EWA Australia 21.24
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.45 σ
+2.38 σ
+3.54 σ
 +3.14% 09:30 AM
EWC Canada 21.22
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.89 σ
+3.31 σ
+5.28 σ
 +7.68% 09:30 AM
EWN Netherlands 20.94
Expensive
Overvalued
Expensive
 17.49 17.12 14.48
+2.02 σ
+1.97 σ
+2.64 σ
 +8.90% 09:30 AM
EWQ France 18.62
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.02 σ
+1.71 σ
+2.38 σ
 +0.17% 09:30 AM
EWY South Korea 18.27
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.42 σ
+6.42 σ
+8.31 σ
 +25.42% 09:30 AM
EWJ Japan 18.23
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.22 σ
+2.52 σ
+2.40 σ
 +4.22% 09:30 AM
EWU United Kingdom 17.71
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.29 σ
+2.21 σ
+3.13 σ
 +3.57% 09:30 AM
EWS Singapore 17.58
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.31 σ
+3.73 σ
+4.23 σ
 +10.09% 09:30 AM
EWG Germany 17.46
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.28 σ
+2.15 σ
+3.47 σ
 -1.71% 09:30 AM
EWK Belgium 17.26
Fair
Fair
Fair
 16.07 16.87 15.03
+0.45 σ
+0.20 σ
+0.85 σ
 +4.06% 09:30 AM
EWH Hong Kong 17.21
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.50 σ
+1.82 σ
+1.87 σ
 -2.04% 09:30 AM
EWD Sweden 16.45
Fair
Fair
Fair
 16.17 16.22 14.93
+0.13 σ
+0.15 σ
+0.96 σ
 -0.28% 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
 +2.45% 09:30 AM
EDEN Denmark 16.39
Fair
Fair
Fair
 16.04 18.01 16.57
+0.16 σ
-0.60 σ
-0.10 σ
 +3.99% 09:30 AM
EIRL Ireland 16.38
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.53 σ
+0.46 σ
+0.08 σ
 +7.39% 09:30 AM
THD Thailand 15.72
Fair
Fair
Fair
 17.03 17.31 15.94
-0.69 σ
-0.82 σ
-0.09 σ
 +10.60% 09:30 AM
EWP Spain 15.57
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.44 σ
+2.61 σ
+2.53 σ
 +8.15% 09:30 AM
TUR Turkey 15.37
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.13 σ
+6.66 σ
+4.52 σ
 +2.73% 09:30 AM
ARGT Argentina 15.21
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.04 σ
+1.79 σ
+1.70 σ
 +2.04% 09:30 AM
EWI Italy 15.03
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.44 σ
+2.31 σ
+2.40 σ
 +8.69% 09:30 AM
VNM Vietnam 14.94
Fair
Fair
-
 15.18 16.84 -
-0.12 σ
-0.68 σ
-
 -5.07% 09:30 AM
EPU Perù 14.41
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.11 σ
+1.05 σ
+1.45 σ
 +9.35% 09:30 AM
NORW Norway 14.22
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.79 σ
+0.83 σ
+1.56 σ
 +0.31% 09:30 AM
EWO Austria 13.99
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.36 σ
+2.26 σ
+2.50 σ
 +13.87% 09:30 AM
EPOL Poland 13.53
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.69 σ
+1.78 σ
+1.69 σ
 +9.91% 09:30 AM
EWM Malaysia 13.44
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.26 σ
-2.13 σ
-1.68 σ
 +0.81% 09:30 AM
ECH Chile 12.55
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.03 σ
-0.21 σ
-1.09 σ
 -2.07% 09:30 AM
EWW Mexico 12.41
Fair
Fair
Undervalued
 12.46 13.54 14.27
-0.06 σ
-0.84 σ
-1.08 σ
 +1.90% 09:30 AM
COLO Colombia 11.53
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.84 σ
+0.97 σ
-0.28 σ
 +14.49% 09:30 AM
GREK Greece 11.44
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.19 σ
+0.06 σ
+0.24 σ
 +7.84% 09:30 AM
QAT Qatar 11.33
Fair
Undervalued
-
 12.55 13.36 -
-0.72 σ
-1.52 σ
-
 -6.94% 09:30 AM
EWZ Brazil 11.32
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.22 σ
+0.64 σ
+0.85 σ
 +0.41% 09:30 AM
EIDO Indonesia 9.32
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.75 σ
-3.11 σ
-3.57 σ
 -23.49% 09:30 AM
EZA South Africa 9.14
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.87 σ
-1.45 σ
-1.62 σ
 -9.02% 09:30 AM
FXI China 8.93
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.18 σ
-1.62 σ
-1.21 σ
 -9.25% 09:30 AM
EPHE Philippines 8.60
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.47 σ
-2.20 σ
-2.91 σ
 +1.84% 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).