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 28.41
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.23 σ
+6.77 σ
+7.83 σ
 +28.91% 18 Aug
VTI United States 27.09
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.51 σ
+2.21 σ
+3.30 σ
 +8.83% 18 Aug
ENZL New Zealand 26.67
Fair
Fair
Fair
 26.88 27.50 21.60
-0.05 σ
-0.21 σ
+0.92 σ
 +3.52% 18 Aug
EWL Switzerland 25.28
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.03 σ
+3.35 σ
+3.95 σ
 +3.32% 18 Aug
INDA India 22.42
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.56 σ
+0.62 σ
+1.47 σ
 -2.67% 18 Aug
EWN Netherlands 20.95
Expensive
Overvalued
Expensive
 17.47 17.18 14.52
+2.08 σ
+1.92 σ
+2.61 σ
 +11.61% 18 Aug
EWA Australia 20.85
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.24 σ
+2.11 σ
+3.25 σ
 +5.26% 18 Aug
EWC Canada 20.58
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.57 σ
+2.84 σ
+4.69 σ
 +9.45% 18 Aug
EWS Singapore 19.18
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.17 σ
+5.03 σ
+5.77 σ
 +15.04% 18 Aug
EWJ Japan 18.78
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.49 σ
+2.81 σ
+2.72 σ
 +8.16% 18 Aug
EWQ France 17.91
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.63 σ
+1.26 σ
+2.01 σ
 +3.26% 18 Aug
EWG Germany 17.76
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.34 σ
+2.23 σ
+3.61 σ
 +3.94% 18 Aug
EWH Hong Kong 17.64
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.81 σ
+2.17 σ
+2.25 σ
 -1.01% 18 Aug
EIS Israel 17.15
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.26 σ
+3.98 σ
+3.99 σ
 +3.75% 18 Aug
EDEN Denmark 16.72
Fair
Fair
Fair
 15.95 17.97 16.58
+0.35 σ
-0.47 σ
+0.07 σ
 +5.34% 18 Aug
EWY South Korea 16.24
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.36 σ
+4.60 σ
+6.18 σ
 +19.77% 18 Aug
EIRL Ireland 16.03
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.51 σ
+0.27 σ
-0.08 σ
 +13.17% 18 Aug
EWP Spain 15.89
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.61 σ
+2.76 σ
+2.71 σ
 +10.89% 18 Aug
EWK Belgium 15.65
Fair
Fair
Fair
 16.04 16.85 15.06
-0.15 σ
-0.63 σ
+0.22 σ
 +5.45% 18 Aug
EWU United Kingdom 15.56
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.56 σ
+1.06 σ
+1.83 σ
 +5.00% 18 Aug
ARGT Argentina 15.17
Fair
Overvalued
Overvalued
 13.09 12.79 10.86
+0.97 σ
+1.70 σ
+1.66 σ
 -3.46% 18 Aug
EWI Italy 15.15
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.43 σ
+2.34 σ
+2.45 σ
 +10.73% 18 Aug
TUR Turkey 15.03
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.75 σ
+6.13 σ
+4.27 σ
 +4.27% 18 Aug
EPOL Poland 14.48
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.14 σ
+2.43 σ
+2.45 σ
 +15.39% 18 Aug
THD Thailand 14.39
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.38 σ
-1.51 σ
-0.68 σ
 +10.59% 18 Aug
EWD Sweden 14.32
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.87 σ
-1.25 σ
-0.41 σ
 +4.36% 18 Aug
VNM Vietnam 14.08
Fair
Undervalued
-
 15.09 16.87 -
-0.49 σ
-1.02 σ
-
 -5.92% 18 Aug
EPU Perù 13.54
Fair
Fair
Fair
 12.23 12.88 12.38
+0.64 σ
+0.44 σ
+0.82 σ
 +8.78% 18 Aug
EWM Malaysia 13.50
Undervalued
Undervalued
Undervalued
 14.44 15.06 14.74
-1.17 σ
-1.98 σ
-1.61 σ
 +0.12% 18 Aug
NORW Norway 13.22
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.26 σ
+0.29 σ
+0.93 σ
 +8.96% 18 Aug
EWO Austria 13.12
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.84 σ
+1.75 σ
+1.95 σ
 +14.93% 18 Aug
ECH Chile 12.03
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.83 σ
-0.39 σ
-1.37 σ
 -1.41% 18 Aug
EWW Mexico 11.77
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.84 σ
-1.32 σ
-1.45 σ
 -0.30% 18 Aug
COLO Colombia 11.45
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.69 σ
+0.92 σ
-0.30 σ
 +23.45% 18 Aug
GREK Greece 11.36
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.13 σ
+0.01 σ
+0.20 σ
 +18.58% 18 Aug
EWZ Brazil 10.99
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.83 σ
+0.46 σ
+0.61 σ
 -5.61% 18 Aug
QAT Qatar 10.79
Undervalued
Undervalued
-
 12.43 13.34 -
-1.03 σ
-1.89 σ
-
 -6.66% 18 Aug
FXI China 9.59
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.39 σ
-1.12 σ
-0.82 σ
 -5.26% 18 Aug
EIDO Indonesia 9.50
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.62 σ
-2.95 σ
-3.43 σ
 -19.21% 18 Aug
EZA South Africa 8.72
Undervalued
Undervalued
Undervalued
 10.70 11.92 11.90
-1.09 σ
-1.63 σ
-1.86 σ
 -2.36% 18 Aug
EPHE Philippines 8.41
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.53 σ
-2.22 σ
-2.97 σ
 +0.03% 18 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).