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 30.01
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.70 σ
+0.68 σ
+1.61 σ
 +2.38% 13 Feb
VTI United States 26.65
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.74 σ
+2.46 σ
+3.54 σ
 +5.36% 13 Feb
EWL Switzerland 23.90
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.91 σ
+3.29 σ
+3.74 σ
 +12.77% 13 Feb
INDA India 23.63
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.44 σ
+1.21 σ
+2.01 σ
 -1.50% 13 Feb
EWA Australia 22.41
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.22 σ
+3.46 σ
+4.68 σ
 +9.90% 13 Feb
EWT Taiwan 22.11
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.65 σ
+4.06 σ
+4.91 σ
 +18.85% 13 Feb
EWC Canada 20.51
Overvalued
Expensive
Expensive
 15.73 15.26 14.40
+1.99 σ
+3.49 σ
+5.13 σ
 +13.45% 13 Feb
EWU United Kingdom 20.48
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.68 σ
+4.15 σ
+5.07 σ
 +12.67% 13 Feb
EWK Belgium 20.28
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.53 σ
+1.75 σ
+2.09 σ
 +17.20% 13 Feb
EWH Hong Kong 19.68
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+3.66 σ
+4.84 σ
+4.48 σ
 +9.63% 13 Feb
EWY South Korea 19.58
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+7.95 σ
+8.90 σ
+10.33 σ
 +59.75% 13 Feb
EWQ France 19.43
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.52 σ
+2.38 σ
+2.97 σ
 +6.63% 13 Feb
EWN Netherlands 18.92
Fair
Overvalued
Overvalued
 18.03 16.91 14.31
+0.34 σ
+1.03 σ
+1.95 σ
 +9.87% 13 Feb
EWD Sweden 18.65
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.94 σ
+1.65 σ
+2.43 σ
 +12.78% 13 Feb
EWJ Japan 18.52
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.57 σ
+3.07 σ
+2.59 σ
 +18.30% 13 Feb
EWG Germany 18.47
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.02 σ
+3.30 σ
+4.59 σ
 +5.08% 13 Feb
EIS Israel 18.32
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.35 σ
+5.52 σ
+4.81 σ
 +23.57% 13 Feb
VNM Vietnam 17.64
Fair
-
-
 15.64 - -
+0.73 σ
-
-
 +12.37% 13 Feb
EWS Singapore 16.99
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.41 σ
+3.65 σ
+3.84 σ
 +3.70% 13 Feb
EZA South Africa 16.68
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.68 σ
+2.35 σ
+2.89 σ
 +22.32% 13 Feb
EPU Perù 16.68
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.36 σ
+2.75 σ
+3.03 σ
 +44.14% 13 Feb
EWM Malaysia 16.22
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.49 σ
+1.51 σ
+1.93 σ
 +15.25% 13 Feb
ARGT Argentina 16.20
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.91 σ
+2.90 σ
+2.23 σ
 +7.86% 13 Feb
EDEN Denmark 15.95
Fair
Fair
Fair
 16.80 18.18 16.55
-0.27 σ
-0.85 σ
-0.33 σ
 +2.27% 13 Feb
TUR Turkey 15.87
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.78 σ
+7.93 σ
+4.90 σ
 +23.63% 13 Feb
THD Thailand 15.80
Fair
Fair
Fair
 17.57 17.52 15.81
-0.78 σ
-0.85 σ
-0.00 σ
 +20.69% 13 Feb
EWO Austria 15.29
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.56 σ
+3.14 σ
+3.32 σ
 +20.07% 13 Feb
ECH Chile 15.24
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.07 σ
+0.75 σ
+0.37 σ
 +24.46% 13 Feb
NORW Norway 14.84
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.10 σ
+1.22 σ
+2.05 σ
 +16.34% 13 Feb
EWP Spain 14.30
Expensive
Overvalued
Overvalued
 11.29 11.86 11.55
+2.42 σ
+2.00 σ
+1.83 σ
 +14.36% 13 Feb
EIRL Ireland 14.19
Fair
Fair
Fair
 15.22 15.60 16.16
-0.49 σ
-0.76 σ
-0.81 σ
 +5.61% 13 Feb
EWW Mexico 14.10
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.75 σ
+0.26 σ
-0.10 σ
 +23.83% 13 Feb
EWI Italy 13.63
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.70 σ
+1.51 σ
+1.56 σ
 +8.82% 13 Feb
EPOL Poland 13.40
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.57 σ
+1.75 σ
+1.59 σ
 +13.59% 13 Feb
EWZ Brazil 12.76
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.82 σ
+1.47 σ
+1.92 σ
 +24.99% 13 Feb
QAT Qatar 12.74
Fair
-
-
 13.10 - -
-0.17 σ
-
-
 +4.38% 13 Feb
EIDO Indonesia 12.60
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.26 σ
-1.12 σ
-0.86 σ
 -1.99% 13 Feb
FXI China 10.90
Fair
Fair
Fair
 10.28 11.16 11.03
+0.49 σ
-0.20 σ
-0.08 σ
 -0.53% 13 Feb
GREK Greece 10.46
Fair
Fair
Fair
 9.51 11.34 10.99
+0.48 σ
-0.45 σ
-0.24 σ
 +13.66% 13 Feb
EPHE Philippines 9.70
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.21 σ
-2.07 σ
-2.55 σ
 +3.55% 13 Feb
COLO Colombia 9.29
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.30 σ
-0.09 σ
-1.10 σ
 +22.57% 13 Feb
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).