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 28.50
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.26 σ
+6.82 σ
+7.87 σ
 +28.22% 19 Aug
ENZL New Zealand 27.35
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.12 σ
-0.04 σ
+1.05 σ
 +6.11% 19 Aug
VTI United States 27.15
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.54 σ
+2.24 σ
+3.32 σ
 +9.03% 19 Aug
EWL Switzerland 25.90
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.28 σ
+3.66 σ
+4.22 σ
 +5.79% 19 Aug
INDA India 22.49
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.50 σ
+0.65 σ
+1.50 σ
 -1.82% 19 Aug
EWA Australia 21.10
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.34 σ
+2.24 σ
+3.39 σ
 +6.49% 19 Aug
EWN Netherlands 20.74
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.95 σ
+1.82 σ
+2.53 σ
 +10.41% 19 Aug
EWC Canada 20.67
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.60 σ
+2.89 σ
+4.75 σ
 +9.78% 19 Aug
EWS Singapore 19.32
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.25 σ
+5.16 σ
+5.91 σ
 +15.80% 19 Aug
EWJ Japan 18.66
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.41 σ
+2.73 σ
+2.65 σ
 +7.42% 19 Aug
EWQ France 18.07
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.71 σ
+1.35 σ
+2.08 σ
 +4.13% 19 Aug
EWH Hong Kong 18.01
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.12 σ
+2.54 σ
+2.60 σ
 +1.03% 19 Aug
EWG Germany 17.91
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.40 σ
+2.32 σ
+3.72 σ
 +4.76% 19 Aug
EIS Israel 17.25
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.31 σ
+4.06 σ
+4.06 σ
 +2.74% 19 Aug
EDEN Denmark 16.90
Fair
Fair
Fair
 15.95 17.97 16.58
+0.44 σ
-0.40 σ
+0.18 σ
 +5.39% 19 Aug
EWY South Korea 16.66
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.62 σ
+4.93 σ
+6.60 σ
 +22.52% 19 Aug
EIRL Ireland 16.02
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.50 σ
+0.26 σ
-0.08 σ
 +11.15% 19 Aug
EWP Spain 15.96
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.66 σ
+2.82 σ
+2.75 σ
 +11.27% 19 Aug
EWK Belgium 15.81
Fair
Fair
Fair
 16.04 16.85 15.06
-0.09 σ
-0.54 σ
+0.29 σ
 +6.45% 19 Aug
EWU United Kingdom 15.70
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.60 σ
+1.12 σ
+1.91 σ
 +5.82% 19 Aug
ARGT Argentina 15.57
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.15 σ
+1.98 σ
+1.81 σ
 -0.97% 19 Aug
TUR Turkey 15.42
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.89 σ
+6.41 σ
+4.51 σ
 +5.29% 19 Aug
EWI Italy 15.17
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.45 σ
+2.36 σ
+2.47 σ
 +10.81% 19 Aug
EPOL Poland 14.81
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.30 σ
+2.65 σ
+2.71 σ
 +17.79% 19 Aug
EWD Sweden 14.47
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.80 σ
-1.15 σ
-0.31 σ
 +4.35% 19 Aug
THD Thailand 14.47
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.34 σ
-1.48 σ
-0.65 σ
 +9.22% 19 Aug
VNM Vietnam 14.05
Fair
Undervalued
-
 15.09 16.87 -
-0.51 σ
-1.03 σ
-
 -6.07% 19 Aug
EPU Perù 13.92
Fair
Fair
Overvalued
 12.23 12.88 12.38
+0.82 σ
+0.70 σ
+1.09 σ
 +11.70% 19 Aug
EWM Malaysia 13.63
Undervalued
Undervalued
Undervalued
 14.44 15.06 14.74
-1.01 σ
-1.81 σ
-1.44 σ
 +1.03% 19 Aug
NORW Norway 13.30
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.30 σ
+0.33 σ
+0.98 σ
 +7.82% 19 Aug
EWO Austria 13.10
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.84 σ
+1.75 σ
+1.94 σ
 +14.63% 19 Aug
ECH Chile 12.21
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.91 σ
-0.33 σ
-1.26 σ
 +0.05% 19 Aug
EWW Mexico 11.87
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.70 σ
-1.24 σ
-1.39 σ
 +0.56% 19 Aug
COLO Colombia 11.71
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+2.85 σ
+1.04 σ
-0.21 σ
 +23.83% 19 Aug
GREK Greece 11.42
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.16 σ
+0.04 σ
+0.23 σ
 +17.07% 19 Aug
EWZ Brazil 11.17
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.95 σ
+0.56 σ
+0.73 σ
 -4.08% 19 Aug
QAT Qatar 10.72
Undervalued
Undervalued
-
 12.43 13.34 -
-1.08 σ
-1.95 σ
-
 -8.10% 19 Aug
FXI China 9.76
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.19 σ
-1.00 σ
-0.72 σ
 -3.53% 19 Aug
EIDO Indonesia 9.51
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.60 σ
-2.94 σ
-3.42 σ
 -19.91% 19 Aug
EZA South Africa 9.13
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.87 σ
-1.42 σ
-1.62 σ
 +2.23% 19 Aug
EPHE Philippines 8.36
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.55 σ
-2.24 σ
-2.99 σ
 -0.54% 19 Aug
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).