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 29.34
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.56 σ
+7.26 σ
+8.34 σ
 +32.63% 17 Aug
VTI United States 27.31
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.59 σ
+2.29 σ
+3.37 σ
 +9.78% 17 Aug
ENZL New Zealand 26.68
Fair
Fair
Fair
 26.88 27.50 21.60
-0.05 σ
-0.21 σ
+0.93 σ
 +3.59% 17 Aug
EWL Switzerland 25.29
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.03 σ
+3.35 σ
+3.95 σ
 +3.40% 17 Aug
INDA India 22.51
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.49 σ
+0.66 σ
+1.50 σ
 -1.84% 17 Aug
EWN Netherlands 21.40
Expensive
Expensive
Expensive
 17.47 17.18 14.52
+2.34 σ
+2.15 σ
+2.79 σ
 +14.08% 17 Aug
EWA Australia 20.80
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.23 σ
+2.08 σ
+3.22 σ
 +5.10% 17 Aug
EWC Canada 20.78
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.64 σ
+2.95 σ
+4.84 σ
 +10.62% 17 Aug
EWS Singapore 19.43
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.32 σ
+5.26 σ
+6.03 σ
 +16.69% 17 Aug
EWJ Japan 19.33
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.84 σ
+3.18 σ
+3.06 σ
 +11.41% 17 Aug
EWQ France 18.06
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.71 σ
+1.34 σ
+2.08 σ
 +4.14% 17 Aug
EWG Germany 17.88
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.38 σ
+2.30 σ
+3.69 σ
 +4.63% 17 Aug
EWH Hong Kong 17.69
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.85 σ
+2.22 σ
+2.29 σ
 -0.73% 17 Aug
EWY South Korea 17.68
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+4.24 σ
+5.73 σ
+7.60 σ
 +30.71% 17 Aug
EIS Israel 17.18
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.27 σ
+4.01 σ
+4.01 σ
 +2.49% 17 Aug
EDEN Denmark 16.82
Fair
Fair
Fair
 15.95 17.97 16.58
+0.40 σ
-0.43 σ
+0.13 σ
 +4.95% 17 Aug
EIRL Ireland 16.10
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.59 σ
+0.31 σ
-0.05 σ
 +11.97% 17 Aug
EWP Spain 15.97
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.67 σ
+2.82 σ
+2.76 σ
 +11.58% 17 Aug
EWK Belgium 15.65
Fair
Fair
Fair
 16.04 16.85 15.06
-0.15 σ
-0.62 σ
+0.23 σ
 +5.55% 17 Aug
EWU United Kingdom 15.56
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.56 σ
+1.06 σ
+1.83 σ
 +5.06% 17 Aug
ARGT Argentina 15.55
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.14 σ
+1.97 σ
+1.81 σ
 -1.07% 17 Aug
EWI Italy 15.23
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.48 σ
+2.40 σ
+2.50 σ
 +11.47% 17 Aug
TUR Turkey 14.96
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.73 σ
+6.08 σ
+4.23 σ
 +2.30% 17 Aug
EPOL Poland 14.59
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.20 σ
+2.50 σ
+2.54 σ
 +16.40% 17 Aug
THD Thailand 14.48
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.34 σ
-1.47 σ
-0.64 σ
 +9.53% 17 Aug
EWD Sweden 14.35
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.86 σ
-1.23 σ
-0.39 σ
 +3.56% 17 Aug
VNM Vietnam 14.11
Fair
Undervalued
-
 15.09 16.87 -
-0.48 σ
-1.01 σ
-
 -5.73% 17 Aug
EPU Perù 13.80
Fair
Fair
Overvalued
 12.23 12.88 12.38
+0.76 σ
+0.62 σ
+1.00 σ
 +11.07% 17 Aug
EWM Malaysia 13.46
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.23 σ
-2.04 σ
-1.67 σ
 -0.19% 17 Aug
NORW Norway 13.30
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.30 σ
+0.33 σ
+0.98 σ
 +8.08% 17 Aug
EWO Austria 13.20
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.88 σ
+1.80 σ
+2.00 σ
 +15.87% 17 Aug
ECH Chile 12.16
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.89 σ
-0.35 σ
-1.29 σ
 -0.26% 17 Aug
EWW Mexico 11.84
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.75 σ
-1.27 σ
-1.41 σ
 +0.35% 17 Aug
COLO Colombia 11.45
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.69 σ
+0.92 σ
-0.30 σ
 +21.57% 17 Aug
GREK Greece 11.41
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.16 σ
+0.04 σ
+0.23 σ
 +17.36% 17 Aug
EWZ Brazil 11.07
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.89 σ
+0.51 σ
+0.67 σ
 -4.82% 17 Aug
QAT Qatar 10.86
Fair
Undervalued
-
 12.43 13.34 -
-0.99 σ
-1.84 σ
-
 -6.94% 17 Aug
FXI China 9.60
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.38 σ
-1.12 σ
-0.81 σ
 -5.23% 17 Aug
EIDO Indonesia 9.53
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.59 σ
-2.93 σ
-3.41 σ
 -20.07% 17 Aug
EZA South Africa 8.86
Undervalued
Undervalued
Undervalued
 10.70 11.92 11.90
-1.02 σ
-1.56 σ
-1.78 σ
 -0.76% 17 Aug
EPHE Philippines 8.48
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.50 σ
-2.20 σ
-2.94 σ
 +0.91% 17 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).