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 29.74
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.66 σ
+0.60 σ
+1.54 σ
 +0.62% 03:59 PM
VTI United States 26.64
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.66 σ
+2.38 σ
+3.48 σ
 +3.96% 03:58 PM
EWL Switzerland 22.90
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.38 σ
+2.62 σ
+3.22 σ
 +6.82% 03:58 PM
INDA India 22.50
Fair
Fair
Overvalued
 23.10 20.73 18.02
-0.49 σ
+0.72 σ
+1.58 σ
 -6.02% 03:58 PM
EWA Australia 22.00
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.98 σ
+3.12 σ
+4.33 σ
 +6.72% 03:58 PM
EWT Taiwan 21.29
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+2.27 σ
+3.52 σ
+4.32 σ
 +11.86% 03:58 PM
EWC Canada 20.78
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.99 σ
+3.52 σ
+5.26 σ
 +12.80% 03:58 PM
EWU United Kingdom 20.04
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.38 σ
+3.77 σ
+4.74 σ
 +8.67% 03:58 PM
EWH Hong Kong 19.70
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.67 σ
+4.76 σ
+4.45 σ
 +7.95% 03:58 PM
EIS Israel 18.80
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+3.54 σ
+5.77 σ
+5.12 σ
 +23.49% 03:58 PM
EWK Belgium 18.72
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.95 σ
+0.93 σ
+1.47 σ
 +6.50% 03:39 PM
EWY South Korea 18.53
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+7.04 σ
+7.66 σ
+9.07 σ
 +42.15% 03:58 PM
EWQ France 18.43
Fair
Overvalued
Expensive
 16.56 15.43 13.40
+0.96 σ
+1.75 σ
+2.43 σ
 +0.35% 03:58 PM
EWN Netherlands 18.27
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.14 σ
+0.67 σ
+1.64 σ
 +4.67% 03:58 PM
EWD Sweden 18.15
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.73 σ
+1.28 σ
+2.07 σ
 +8.44% 03:58 PM
EWG Germany 17.31
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.41 σ
+2.40 σ
+3.63 σ
 -2.02% 03:58 PM
EWJ Japan 16.94
Overvalued
Overvalued
Overvalued
 14.84 14.29 14.43
+1.47 σ
+1.87 σ
+1.59 σ
 +6.62% 03:58 PM
VNM Vietnam 16.85
Fair
Fair
-
 15.52 16.63 -
+0.53 σ
+0.08 σ
-
 +4.78% 03:58 PM
EWS Singapore 16.28
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.79 σ
+2.89 σ
+3.04 σ
 -1.49% 03:58 PM
EPU Perù 16.27
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.15 σ
+2.38 σ
+2.74 σ
 +34.07% 03:58 PM
EZA South Africa 15.80
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+2.99 σ
+1.88 σ
+2.33 σ
 +12.71% 03:58 PM
EWM Malaysia 15.58
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.56 σ
+0.65 σ
+1.10 σ
 +9.38% 03:58 PM
NORW Norway 15.28
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.33 σ
+1.43 σ
+2.30 σ
 +17.68% 03:57 PM
ARGT Argentina 15.25
Overvalued
Expensive
Overvalued
 12.65 12.50 10.68
+1.33 σ
+2.08 σ
+1.82 σ
 +1.33% 03:58 PM
THD Thailand 15.02
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.13 σ
-1.23 σ
-0.34 σ
 +12.70% 03:58 PM
EDEN Denmark 14.65
Fair
Undervalued
Undervalued
 16.62 18.14 16.55
-0.66 σ
-1.32 σ
-1.03 σ
 -6.10% 03:55 PM
TUR Turkey 14.56
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.39 σ
+6.70 σ
+4.09 σ
 +11.48% 03:59 PM
EWO Austria 14.37
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.09 σ
+2.59 σ
+2.76 σ
 +10.56% 03:38 PM
EWP Spain 13.77
Overvalued
Overvalued
Overvalued
 11.29 11.89 11.56
+1.99 σ
+1.50 σ
+1.46 σ
 +7.90% 03:58 PM
EIRL Ireland 13.76
Fair
Fair
Fair
 15.09 15.59 16.16
-0.69 σ
-0.98 σ
-0.99 σ
 +1.41% 03:18 PM
ECH Chile 13.56
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.38 σ
+0.14 σ
-0.56 σ
 +8.54% 03:58 PM
EWI Italy 13.11
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.41 σ
+1.13 σ
+1.23 σ
 +3.25% 03:58 PM
EWW Mexico 13.09
Fair
Fair
Fair
 12.52 13.67 14.27
+0.63 σ
-0.39 σ
-0.68 σ
 +12.58% 03:58 PM
EPOL Poland 12.73
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.24 σ
+1.23 σ
+1.04 σ
 +6.34% 03:58 PM
EWZ Brazil 12.20
Expensive
Overvalued
Overvalued
 7.97 10.03 9.99
+3.34 σ
+1.15 σ
+1.52 σ
 +16.79% 03:58 PM
QAT Qatar 11.96
Fair
Undervalued
-
 13.01 13.38 -
-0.52 σ
-1.10 σ
-
 -2.36% 04:00 PM
EIDO Indonesia 11.81
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.84 σ
-1.65 σ
-1.53 σ
 -8.14% 03:58 PM
FXI China 10.12
Fair
Fair
Fair
 10.21 11.17 11.02
-0.09 σ
-0.78 σ
-0.54 σ
 -8.05% 03:58 PM
GREK Greece 9.56
Fair
Fair
Fair
 9.47 11.35 10.97
+0.05 σ
-0.92 σ
-0.64 σ
 +1.83% 03:58 PM
EPHE Philippines 9.40
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.30 σ
-2.12 σ
-2.66 σ
 +0.49% 03:58 PM
COLO Colombia 8.34
Fair
Fair
Undervalued
 7.21 9.46 12.41
+0.74 σ
-0.51 σ
-1.42 σ
 +7.67% 03:57 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).