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 29.66
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.63 σ
+0.58 σ
+1.52 σ
 -3.55% 12:52 PM
VTI United States 25.90
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.36 σ
+2.12 σ
+3.22 σ
 +0.67% 01:00 PM
EWL Switzerland 23.35
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.57 σ
+2.87 σ
+3.43 σ
 +3.00% 01:00 PM
EWT Taiwan 23.30
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.13 σ
+4.64 σ
+5.52 σ
 +10.63% 01:00 PM
EWA Australia 22.39
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.14 σ
+3.34 σ
+4.56 σ
 +4.36% 12:59 PM
EWH Hong Kong 20.18
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.08 σ
+5.27 σ
+4.92 σ
 +5.45% 12:59 PM
EWY South Korea 20.08
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.39 σ
+9.09 σ
+10.71 σ
 +37.49% 01:00 PM
EWC Canada 20.02
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.69 σ
+3.03 σ
+4.64 σ
 +8.77% 01:00 PM
EWQ France 19.61
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.57 σ
+2.44 σ
+3.01 σ
 -2.82% 12:58 PM
EWU United Kingdom 19.50
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.19 σ
+3.46 σ
+4.40 σ
 +6.19% 01:00 PM
EWK Belgium 19.37
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.19 σ
+1.26 σ
+1.72 σ
 +2.87% 12:57 PM
EWJ Japan 19.14
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.01 σ
+3.42 σ
+2.98 σ
 +3.23% 01:00 PM
EWN Netherlands 18.85
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.38 σ
+0.97 σ
+1.89 σ
 +3.05% 12:58 PM
EWG Germany 18.13
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.78 σ
+2.95 σ
+4.25 σ
 -4.94% 01:00 PM
EWD Sweden 18.00
Fair
Overvalued
Overvalued
 16.45 16.15 14.88
+0.66 σ
+1.18 σ
+1.97 σ
 +2.86% 12:50 PM
EPU Perù 17.00
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.53 σ
+2.89 σ
+3.26 σ
 +25.42% 12:48 PM
EIS Israel 16.98
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.61 σ
+4.36 σ
+3.93 σ
 +15.01% 12:52 PM
EZA South Africa 16.52
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.41 σ
+2.24 σ
+2.76 σ
 +4.54% 12:57 PM
ARGT Argentina 16.49
Overvalued
Expensive
Expensive
 12.65 12.50 10.68
+1.97 σ
+3.03 σ
+2.32 σ
 +0.01% 12:58 PM
EWS Singapore 16.33
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.83 σ
+2.95 σ
+3.11 σ
 -2.00% 01:00 PM
EWM Malaysia 15.73
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.76 σ
+0.85 σ
+1.30 σ
 +9.39% 12:58 PM
EWP Spain 15.52
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.40 σ
+2.90 σ
+2.62 σ
 +5.33% 12:59 PM
EDEN Denmark 15.37
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.42 σ
-1.05 σ
-0.64 σ
 -10.36% 12:59 PM
VNM Vietnam 15.35
Fair
Fair
-
 15.52 16.63 -
-0.07 σ
-0.42 σ
-
 -3.00% 12:59 PM
NORW Norway 15.30
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.34 σ
+1.44 σ
+2.31 σ
 +17.57% 12:52 PM
THD Thailand 14.92
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.17 σ
-1.29 σ
-0.38 σ
 +9.92% 12:58 PM
EWO Austria 14.89
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.36 σ
+2.88 σ
+3.08 σ
 +4.56% 12:17 PM
ECH Chile 14.76
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.87 σ
+0.57 σ
+0.10 σ
 +7.83% 12:59 PM
EWW Mexico 14.72
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.44 σ
+0.71 σ
+0.26 σ
 +7.17% 01:00 PM
EIRL Ireland 14.69
Fair
Fair
Fair
 15.09 15.59 16.16
-0.21 σ
-0.48 σ
-0.61 σ
 -1.47% 11:50 AM
TUR Turkey 14.13
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.16 σ
+6.34 σ
+3.82 σ
 +10.63% 12:59 PM
EWI Italy 13.53
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.65 σ
+1.41 σ
+1.49 σ
 +1.10% 12:58 PM
EWZ Brazil 13.26
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.18 σ
+1.71 σ
+2.25 σ
 +14.35% 01:00 PM
EPOL Poland 13.24
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.48 σ
+1.60 σ
+1.46 σ
 +2.66% 12:57 PM
INDA India 12.62
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.49 σ
-3.32 σ
-1.90 σ
 -9.90% 01:00 PM
QAT Qatar 12.17
Fair
Fair
-
 13.01 13.38 -
-0.42 σ
-0.93 σ
-
 -3.04% 12:54 PM
EIDO Indonesia 11.99
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.70 σ
-1.53 σ
-1.39 σ
 -13.95% 12:54 PM
GREK Greece 11.80
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.20 σ
+0.23 σ
+0.38 σ
 -2.13% 12:56 PM
COLO Colombia 11.38
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.74 σ
+0.86 σ
-0.36 σ
 +7.77% 12:58 PM
FXI China 10.45
Fair
Fair
Fair
 10.21 11.17 11.02
+0.20 σ
-0.54 σ
-0.34 σ
 -6.32% 01:00 PM
EPHE Philippines 9.51
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.25 σ
-2.08 σ
-2.61 σ
 -3.36% 12:57 PM
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).