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 28.39
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.37 σ
+0.24 σ
+1.27 σ
 +2.48% 09:30 AM
EWT Taiwan 27.05
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+4.41 σ
+6.49 σ
+7.49 σ
 +47.16% 09:30 AM
VTI United States 26.76
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.59 σ
+2.29 σ
+3.38 σ
 +11.11% 09:30 AM
EWL Switzerland 23.35
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.45 σ
+2.67 σ
+3.29 σ
 +7.20% 09:30 AM
INDA India 23.26
Fair
Overvalued
Overvalued
 23.07 20.77 18.01
+0.15 σ
+1.03 σ
+1.83 σ
 -6.12% 09:30 AM
EWY South Korea 23.03
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+10.16 σ
+11.03 σ
+13.42 σ
 +82.15% 09:30 AM
EWA Australia 20.89
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.41 σ
+2.33 σ
+3.49 σ
 +6.05% 09:30 AM
EWC Canada 19.75
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.44 σ
+2.62 σ
+4.26 σ
 +8.87% 09:30 AM
EWN Netherlands 19.42
Fair
Overvalued
Expensive
 17.66 17.02 14.40
+0.84 σ
+1.24 σ
+2.08 σ
 +13.61% 09:30 AM
EWK Belgium 18.78
Overvalued
Fair
Overvalued
 16.11 16.88 14.95
+1.01 σ
+0.98 σ
+1.46 σ
 +9.67% 09:30 AM
EWQ France 18.58
Overvalued
Overvalued
Expensive
 16.58 15.52 13.45
+1.02 σ
+1.76 σ
+2.43 σ
 +3.08% 09:30 AM
EWJ Japan 18.58
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.61 σ
+2.89 σ
+2.64 σ
 +9.59% 09:30 AM
EWG Germany 18.50
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.85 σ
+2.97 σ
+4.37 σ
 +3.58% 09:30 AM
EWU United Kingdom 18.20
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.57 σ
+2.62 σ
+3.51 σ
 +5.73% 09:30 AM
EIS Israel 17.94
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.97 σ
+4.89 σ
+4.56 σ
 +22.88% 09:30 AM
EWH Hong Kong 17.64
Overvalued
Expensive
Expensive
 15.47 15.34 15.24
+1.85 σ
+2.38 σ
+2.35 σ
 +2.46% 09:30 AM
NORW Norway 16.63
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.03 σ
+2.14 σ
+3.08 σ
 +16.97% 09:30 AM
THD Thailand 16.57
Fair
Fair
Fair
 17.23 17.41 15.89
-0.32 σ
-0.42 σ
+0.29 σ
 +15.07% 09:30 AM
EDEN Denmark 16.48
Fair
Fair
Fair
 16.28 18.06 16.55
+0.08 σ
-0.59 σ
-0.04 σ
 +1.20% 09:30 AM
EWS Singapore 16.36
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.70 σ
+2.81 σ
+3.09 σ
 +3.71% 09:30 AM
ARGT Argentina 16.26
Overvalued
Expensive
Expensive
 12.85 12.63 10.73
+1.65 σ
+2.68 σ
+2.16 σ
 +9.41% 09:30 AM
EWD Sweden 16.25
Fair
Fair
Fair
 16.33 16.19 14.90
-0.04 σ
+0.04 σ
+0.84 σ
 +6.26% 09:30 AM
VNM Vietnam 16.07
Fair
Fair
-
 15.32 16.73 -
+0.32 σ
-0.23 σ
-
 +2.06% 09:30 AM
EWP Spain 15.49
Expensive
Expensive
Expensive
 11.29 11.94 11.58
+3.38 σ
+2.73 σ
+2.55 σ
 +9.18% 09:30 AM
EIRL Ireland 14.94
Fair
Fair
Fair
 14.83 15.54 16.17
+0.07 σ
-0.32 σ
-0.51 σ
 +7.29% 09:30 AM
EWO Austria 14.88
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+3.12 σ
+2.83 σ
+3.07 σ
 +18.53% 09:30 AM
EWI Italy 14.80
Expensive
Expensive
Expensive
 10.61 11.46 11.17
+2.36 σ
+2.21 σ
+2.28 σ
 +10.06% 09:30 AM
TUR Turkey 14.71
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.53 σ
+6.58 σ
+4.17 σ
 +3.58% 09:30 AM
EWM Malaysia 14.61
Fair
Fair
Fair
 14.43 15.09 14.73
+0.22 σ
-0.63 σ
-0.15 σ
 +3.84% 09:30 AM
EPU Perù 14.37
Overvalued
Overvalued
Overvalued
 12.13 12.84 12.31
+1.12 σ
+1.04 σ
+1.44 σ
 +16.74% 09:30 AM
ECH Chile 13.46
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.37 σ
+0.11 σ
-0.60 σ
 +8.59% 09:30 AM
EPOL Poland 12.88
Overvalued
Overvalued
Overvalued
 10.13 11.05 11.45
+1.33 σ
+1.33 σ
+1.17 σ
 +14.48% 09:30 AM
EWW Mexico 12.87
Fair
Fair
Fair
 12.53 13.63 14.27
+0.39 σ
-0.53 σ
-0.81 σ
 +8.46% 09:30 AM
COLO Colombia 11.85
Expensive
Overvalued
Fair
 7.21 9.45 12.35
+3.05 σ
+1.09 σ
-0.18 σ
 +6.17% 09:30 AM
EWZ Brazil 11.64
Expensive
Fair
Overvalued
 8.01 10.05 10.04
+2.70 σ
+0.83 σ
+1.10 σ
 +4.15% 09:30 AM
QAT Qatar 11.53
Fair
Undervalued
-
 12.78 13.38 -
-0.67 σ
-1.41 σ
-
 -0.66% 09:30 AM
GREK Greece 11.29
Overvalued
Fair
Fair
 9.40 11.35 10.93
+1.02 σ
-0.03 σ
+0.16 σ
 +10.61% 09:30 AM
EZA South Africa 9.79
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.52 σ
-1.17 σ
-1.25 σ
 +2.21% 09:30 AM
FXI China 9.53
Fair
Undervalued
Fair
 10.10 11.17 11.00
-0.57 σ
-1.22 σ
-0.88 σ
 -8.91% 09:30 AM
EIDO Indonesia 9.47
Cheap
Cheap
Cheap
 12.74 14.10 13.67
-2.65 σ
-3.17 σ
-3.49 σ
 -26.06% 09:30 AM
EPHE Philippines 7.98
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.79 σ
-2.54 σ
-3.23 σ
 -5.85% 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).