Global P/E Ratios by Country
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
Swipe left to see all data
|
P/E Evaluation
|
Historical P/E Average
|
P/E Deviation vs Avg
|
Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 26.81 |
Fair
|
Fair
|
Fair
|
26.98 | 27.41 | 21.39 |
-0.04 σ
|
-0.15 σ
|
+0.98 σ
|
-3.23% | 09:30 AM |
|
|
VTI | United States | 25.72 |
Overvalued
|
Overvalued
|
Expensive
|
22.71 | 20.15 | 16.80 |
+1.18 σ
|
+1.93 σ
|
+3.03 σ
|
+7.89% | 09:30 AM |
|
|
EWT | Taiwan | 23.42 |
Expensive
|
Expensive
|
Expensive
|
16.11 | 15.15 | 14.13 |
+2.95 σ
|
+4.51 σ
|
+5.39 σ
|
+29.98% | 09:30 AM |
|
|
EWL | Switzerland | 22.75 |
Overvalued
|
Expensive
|
Expensive
|
19.89 | 18.37 | 15.90 |
+1.20 σ
|
+2.35 σ
|
+3.03 σ
|
+5.04% | 09:30 AM |
|
|
INDA | India | 22.58 |
Fair
|
Fair
|
Overvalued
|
23.07 | 20.77 | 18.01 |
-0.39 σ
|
+0.75 σ
|
+1.59 σ
|
-9.14% | 09:30 AM |
|
|
EWA | Australia | 20.35 |
Overvalued
|
Expensive
|
Expensive
|
17.33 | 16.64 | 14.90 |
+1.20 σ
|
+2.03 σ
|
+3.18 σ
|
+3.63% | 09:30 AM |
|
|
EWC | Canada | 19.44 |
Overvalued
|
Expensive
|
Expensive
|
15.99 | 15.38 | 14.44 |
+1.32 σ
|
+2.43 σ
|
+4.01 σ
|
+7.94% | 09:30 AM |
|
|
EWY | South Korea | 19.31 |
Expensive
|
Expensive
|
Expensive
|
10.49 | 10.27 | 9.93 |
+7.15 σ
|
+7.82 σ
|
+9.60 σ
|
+58.62% | 09:30 AM |
|
|
EWN | Netherlands | 18.34 |
Fair
|
Fair
|
Overvalued
|
17.66 | 17.02 | 14.40 |
+0.33 σ
|
+0.68 σ
|
+1.64 σ
|
+8.28% | 09:30 AM |
|
|
EWK | Belgium | 18.21 |
Fair
|
Fair
|
Overvalued
|
16.11 | 16.88 | 14.95 |
+0.79 σ
|
+0.69 σ
|
+1.24 σ
|
+7.05% | 09:30 AM |
|
|
EWH | Hong Kong | 18.11 |
Expensive
|
Expensive
|
Expensive
|
15.47 | 15.34 | 15.24 |
+2.25 σ
|
+2.87 σ
|
+2.81 σ
|
+5.60% | 09:30 AM |
|
|
EWJ | Japan | 18.08 |
Expensive
|
Expensive
|
Expensive
|
14.84 | 14.40 | 14.43 |
+2.26 σ
|
+2.55 σ
|
+2.33 σ
|
+7.35% | 09:30 AM |
|
|
EWG | Germany | 17.93 |
Overvalued
|
Expensive
|
Expensive
|
14.26 | 13.78 | 12.49 |
+1.60 σ
|
+2.61 σ
|
+3.95 σ
|
+0.46% | 09:30 AM |
|
|
EWU | United Kingdom | 17.92 |
Overvalued
|
Expensive
|
Expensive
|
13.44 | 13.41 | 12.35 |
+1.48 σ
|
+2.46 σ
|
+3.34 σ
|
+4.66% | 09:30 AM |
|
|
EWQ | France | 17.91 |
Fair
|
Overvalued
|
Expensive
|
16.58 | 15.52 | 13.45 |
+0.68 σ
|
+1.37 σ
|
+2.11 σ
|
-0.37% | 09:30 AM |
|
|
NORW | Norway | 17.00 |
Expensive
|
Expensive
|
Expensive
|
10.79 | 12.66 | 11.61 |
+3.22 σ
|
+2.34 σ
|
+3.30 σ
|
+20.88% | 09:30 AM |
|
|
EIS | Israel | 16.77 |
Expensive
|
Expensive
|
Expensive
|
11.95 | 11.42 | 10.98 |
+2.39 σ
|
+4.01 σ
|
+3.79 σ
|
+16.56% | 09:30 AM |
|
|
VNM | Vietnam | 16.45 |
Fair
|
Fair
|
-
|
15.32 | 16.73 | - |
+0.49 σ
|
-0.09 σ
|
-
|
+4.84% | 09:30 AM |
|
|
EWS | Singapore | 16.25 |
Overvalued
|
Expensive
|
Expensive
|
13.77 | 13.36 | 13.39 |
+1.63 σ
|
+2.71 σ
|
+2.97 σ
|
+3.30% | 09:30 AM |
|
|
EDEN | Denmark | 16.12 |
Fair
|
Fair
|
Fair
|
16.28 | 18.06 | 16.55 |
-0.06 σ
|
-0.73 σ
|
-0.23 σ
|
-0.79% | 09:30 AM |
|
|
THD | Thailand | 16.01 |
Fair
|
Fair
|
Fair
|
17.23 | 17.41 | 15.89 |
-0.60 σ
|
-0.70 σ
|
+0.05 σ
|
+12.09% | 09:30 AM |
|
|
EWD | Sweden | 15.43 |
Fair
|
Fair
|
Fair
|
16.33 | 16.19 | 14.90 |
-0.41 σ
|
-0.49 σ
|
+0.33 σ
|
+1.39% | 09:30 AM |
|
|
TUR | Turkey | 15.32 |
Expensive
|
Expensive
|
Expensive
|
6.38 | 6.45 | 7.94 |
+3.79 σ
|
+7.06 σ
|
+4.54 σ
|
+8.27% | 09:30 AM |
|
|
ARGT | Argentina | 15.00 |
Overvalued
|
Overvalued
|
Overvalued
|
12.85 | 12.63 | 10.73 |
+1.04 σ
|
+1.75 σ
|
+1.67 σ
|
+1.27% | 09:30 AM |
|
|
EWM | Malaysia | 14.95 |
Fair
|
Fair
|
Fair
|
14.43 | 15.09 | 14.73 |
+0.65 σ
|
-0.18 σ
|
+0.29 σ
|
+6.94% | 09:30 AM |
|
|
EWP | Spain | 14.95 |
Expensive
|
Expensive
|
Expensive
|
11.29 | 11.94 | 11.58 |
+2.94 σ
|
+2.31 σ
|
+2.20 σ
|
+6.10% | 09:30 AM |
|
|
EWI | Italy | 14.26 |
Expensive
|
Overvalued
|
Overvalued
|
10.61 | 11.46 | 11.17 |
+2.06 σ
|
+1.86 σ
|
+1.95 σ
|
+6.74% | 09:30 AM |
|
|
EIRL | Ireland | 14.25 |
Fair
|
Fair
|
Fair
|
14.83 | 15.54 | 16.17 |
-0.37 σ
|
-0.69 σ
|
-0.79 σ
|
+2.79% | 09:30 AM |
|
|
EWO | Austria | 13.97 |
Expensive
|
Expensive
|
Expensive
|
8.41 | 9.65 | 9.95 |
+2.68 σ
|
+2.33 σ
|
+2.50 σ
|
+12.36% | 09:30 AM |
|
|
EPU | Perù | 13.39 |
Fair
|
Fair
|
Fair
|
12.13 | 12.84 | 12.31 |
+0.63 σ
|
+0.37 σ
|
+0.76 σ
|
+10.59% | 09:30 AM |
|
|
EWW | Mexico | 12.85 |
Fair
|
Fair
|
Fair
|
12.53 | 13.63 | 14.27 |
+0.36 σ
|
-0.55 σ
|
-0.82 σ
|
+9.19% | 09:30 AM |
|
|
ECH | Chile | 12.59 |
Overvalued
|
Fair
|
Undervalued
|
10.12 | 13.15 | 14.55 |
+1.01 σ
|
-0.20 σ
|
-1.08 σ
|
+2.51% | 09:30 AM |
|
|
EPOL | Poland | 12.32 |
Overvalued
|
Fair
|
Fair
|
10.13 | 11.05 | 11.45 |
+1.06 σ
|
+0.92 σ
|
+0.71 σ
|
+10.25% | 09:30 AM |
|
|
EWZ | Brazil | 11.71 |
Expensive
|
Fair
|
Overvalued
|
8.01 | 10.05 | 10.04 |
+2.75 σ
|
+0.86 σ
|
+1.14 σ
|
+5.69% | 09:30 AM |
|
|
QAT | Qatar | 10.99 |
Fair
|
Undervalued
|
-
|
12.78 | 13.38 | - |
-0.96 σ
|
-1.82 σ
|
-
|
-5.50% | 09:30 AM |
|
|
COLO | Colombia | 10.86 |
Expensive
|
Fair
|
Fair
|
7.21 | 9.45 | 12.35 |
+2.40 σ
|
+0.64 σ
|
-0.53 σ
|
-1.92% | 09:30 AM |
|
|
GREK | Greece | 10.31 |
Fair
|
Fair
|
Fair
|
9.40 | 11.35 | 10.93 |
+0.49 σ
|
-0.53 σ
|
-0.29 σ
|
+1.40% | 09:30 AM |
|
|
EIDO | Indonesia | 9.96 |
Cheap
|
Cheap
|
Cheap
|
12.74 | 14.10 | 13.67 |
-2.25 σ
|
-2.83 σ
|
-3.08 σ
|
-22.97% | 09:30 AM |
|
|
FXI | China | 9.85 |
Fair
|
Fair
|
Fair
|
10.10 | 11.17 | 11.00 |
-0.25 σ
|
-0.98 σ
|
-0.68 σ
|
-6.01% | 09:30 AM |
|
|
EZA | South Africa | 9.40 |
Fair
|
Undervalued
|
Undervalued
|
10.73 | 12.08 | 11.91 |
-0.74 σ
|
-1.36 σ
|
-1.48 σ
|
-1.14% | 09:30 AM |
|
|
EPHE | Philippines | 8.08 |
Undervalued
|
Cheap
|
Cheap
|
12.38 | 14.76 | 15.18 |
-1.75 σ
|
-2.50 σ
|
-3.19 σ
|
-4.92% | 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).