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 | 28.27 |
Fair
|
Fair
|
Overvalued
|
26.97 | 27.44 | 21.47 |
+0.34 σ
|
+0.21 σ
|
+1.23 σ
|
+2.05% | 01 Jun |
|
|
EWT | Taiwan | 27.72 |
Expensive
|
Expensive
|
Expensive
|
16.20 | 15.23 | 14.16 |
+4.47 σ
|
+6.73 σ
|
+7.72 σ
|
+49.86% | 09:30 AM |
|
|
VTI | United States | 26.77 |
Overvalued
|
Expensive
|
Expensive
|
22.82 | 20.25 | 16.85 |
+1.52 σ
|
+2.23 σ
|
+3.32 σ
|
+10.97% | 09:30 AM |
|
|
EWY | South Korea | 23.55 |
Expensive
|
Expensive
|
Expensive
|
10.54 | 10.30 | 9.94 |
+9.91 σ
|
+11.09 σ
|
+13.76 σ
|
+84.01% | 09:30 AM |
|
|
INDA | India | 22.96 |
Fair
|
Fair
|
Overvalued
|
23.10 | 20.83 | 18.05 |
-0.11 σ
|
+0.89 σ
|
+1.70 σ
|
-7.25% | 09:30 AM |
|
|
EWL | Switzerland | 22.74 |
Overvalued
|
Expensive
|
Expensive
|
19.97 | 18.44 | 15.94 |
+1.14 σ
|
+2.26 σ
|
+2.98 σ
|
+4.30% | 09:30 AM |
|
|
EWA | Australia | 20.93 |
Overvalued
|
Expensive
|
Expensive
|
17.40 | 16.69 | 14.92 |
+1.37 σ
|
+2.28 σ
|
+3.43 σ
|
+6.16% | 09:30 AM |
|
|
EWC | Canada | 19.93 |
Overvalued
|
Expensive
|
Expensive
|
16.08 | 15.41 | 14.45 |
+1.45 σ
|
+2.63 σ
|
+4.33 σ
|
+9.63% | 09:30 AM |
|
|
EWN | Netherlands | 19.66 |
Overvalued
|
Overvalued
|
Expensive
|
17.57 | 17.07 | 14.43 |
+1.10 σ
|
+1.34 σ
|
+2.15 σ
|
+14.78% | 09:30 AM |
|
|
EWJ | Japan | 18.59 |
Expensive
|
Expensive
|
Expensive
|
14.87 | 14.45 | 14.43 |
+2.54 σ
|
+2.83 σ
|
+2.65 σ
|
+9.50% | 09:30 AM |
|
|
EWK | Belgium | 18.54 |
Fair
|
Fair
|
Overvalued
|
16.09 | 16.87 | 14.99 |
+0.93 σ
|
+0.86 σ
|
+1.36 σ
|
+8.10% | 09:30 AM |
|
|
EWG | Germany | 18.54 |
Overvalued
|
Expensive
|
Expensive
|
14.33 | 13.83 | 12.51 |
+1.77 σ
|
+2.88 σ
|
+4.31 σ
|
+3.75% | 09:30 AM |
|
|
EWQ | France | 18.52 |
Fair
|
Overvalued
|
Expensive
|
16.60 | 15.57 | 13.48 |
+0.97 σ
|
+1.68 σ
|
+2.36 σ
|
+2.69% | 09:30 AM |
|
|
EWU | United Kingdom | 18.10 |
Overvalued
|
Expensive
|
Expensive
|
13.55 | 13.45 | 12.37 |
+1.46 σ
|
+2.48 σ
|
+3.40 σ
|
+5.00% | 09:30 AM |
|
|
EWH | Hong Kong | 17.68 |
Overvalued
|
Expensive
|
Expensive
|
15.47 | 15.38 | 15.25 |
+1.89 σ
|
+2.35 σ
|
+2.36 σ
|
+2.66% | 09:30 AM |
|
|
EIS | Israel | 17.05 |
Expensive
|
Expensive
|
Expensive
|
11.98 | 11.46 | 10.98 |
+2.47 σ
|
+4.12 σ
|
+3.98 σ
|
+16.34% | 09:30 AM |
|
|
THD | Thailand | 16.76 |
Fair
|
Fair
|
Fair
|
17.14 | 17.36 | 15.92 |
-0.19 σ
|
-0.31 σ
|
+0.36 σ
|
+16.07% | 09:30 AM |
|
|
EWS | Singapore | 16.62 |
Overvalued
|
Expensive
|
Expensive
|
13.82 | 13.39 | 13.40 |
+1.79 σ
|
+2.97 σ
|
+3.31 σ
|
+5.26% | 09:30 AM |
|
|
NORW | Norway | 16.62 |
Expensive
|
Expensive
|
Expensive
|
10.79 | 12.67 | 11.62 |
+3.02 σ
|
+2.10 σ
|
+3.03 σ
|
+16.53% | 09:30 AM |
|
|
ARGT | Argentina | 16.55 |
Overvalued
|
Expensive
|
Expensive
|
12.94 | 12.69 | 10.78 |
+1.69 σ
|
+2.77 σ
|
+2.23 σ
|
+11.18% | 09:30 AM |
|
|
EWD | Sweden | 16.18 |
Fair
|
Fair
|
Fair
|
16.26 | 16.21 | 14.92 |
-0.04 σ
|
-0.02 σ
|
+0.79 σ
|
+5.63% | 09:30 AM |
|
|
EDEN | Denmark | 16.10 |
Fair
|
Fair
|
Fair
|
16.14 | 18.03 | 16.56 |
-0.02 σ
|
-0.73 σ
|
-0.25 σ
|
-1.18% | 09:30 AM |
|
|
VNM | Vietnam | 15.70 |
Fair
|
Fair
|
-
|
15.24 | 16.78 | - |
+0.21 σ
|
-0.38 σ
|
-
|
-0.33% | 09:30 AM |
|
|
EWP | Spain | 15.37 |
Expensive
|
Expensive
|
Expensive
|
11.29 | 11.96 | 11.59 |
+3.28 σ
|
+2.56 σ
|
+2.44 σ
|
+8.12% | 09:30 AM |
|
|
TUR | Turkey | 15.25 |
Expensive
|
Expensive
|
Expensive
|
6.56 | 6.47 | 7.94 |
+3.38 σ
|
+6.83 σ
|
+4.49 σ
|
+7.26% | 09:30 AM |
|
|
EIRL | Ireland | 15.08 |
Fair
|
Fair
|
Fair
|
14.72 | 15.52 | 16.18 |
+0.27 σ
|
-0.23 σ
|
-0.45 σ
|
+8.19% | 09:30 AM |
|
|
EWO | Austria | 14.85 |
Expensive
|
Expensive
|
Expensive
|
8.46 | 9.67 | 9.95 |
+2.93 σ
|
+2.77 σ
|
+3.05 σ
|
+17.96% | 09:30 AM |
|
|
EWI | Italy | 14.77 |
Expensive
|
Expensive
|
Expensive
|
10.62 | 11.48 | 11.17 |
+2.33 σ
|
+2.17 σ
|
+2.26 σ
|
+9.74% | 09:30 AM |
|
|
EWM | Malaysia | 14.60 |
Fair
|
Fair
|
Fair
|
14.44 | 15.09 | 14.73 |
+0.20 σ
|
-0.64 σ
|
-0.18 σ
|
+3.64% | 09:30 AM |
|
|
EPU | Perù | 14.58 |
Overvalued
|
Overvalued
|
Overvalued
|
12.14 | 12.85 | 12.33 |
+1.21 σ
|
+1.18 σ
|
+1.58 σ
|
+17.92% | 09:30 AM |
|
|
ECH | Chile | 13.12 |
Overvalued
|
Fair
|
Fair
|
10.11 | 13.15 | 14.54 |
+1.25 σ
|
-0.01 σ
|
-0.78 σ
|
+5.65% | 09:30 AM |
|
|
EWW | Mexico | 13.12 |
Fair
|
Fair
|
Fair
|
12.50 | 13.59 | 14.26 |
+0.72 σ
|
-0.34 σ
|
-0.66 σ
|
+10.29% | 09:30 AM |
|
|
EPOL | Poland | 12.68 |
Overvalued
|
Overvalued
|
Fair
|
10.13 | 11.06 | 11.45 |
+1.24 σ
|
+1.17 σ
|
+1.00 σ
|
+12.51% | 09:30 AM |
|
|
COLO | Colombia | 12.52 |
Expensive
|
Overvalued
|
Fair
|
7.21 | 9.44 | 12.34 |
+3.49 σ
|
+1.41 σ
|
+0.06 σ
|
+11.92% | 09:30 AM |
|
|
EWZ | Brazil | 11.61 |
Expensive
|
Fair
|
Overvalued
|
8.05 | 10.06 | 10.06 |
+2.55 σ
|
+0.81 σ
|
+1.06 σ
|
+3.64% | 09:30 AM |
|
|
GREK | Greece | 11.33 |
Overvalued
|
Fair
|
Fair
|
9.37 | 11.34 | 10.92 |
+1.08 σ
|
-0.00 σ
|
+0.19 σ
|
+10.91% | 09:30 AM |
|
|
QAT | Qatar | 11.33 |
Fair
|
Undervalued
|
-
|
12.67 | 13.37 | - |
-0.75 σ
|
-1.55 σ
|
-
|
-2.29% | 09:30 AM |
|
|
FXI | China | 9.85 |
Fair
|
Fair
|
Fair
|
10.03 | 11.16 | 10.98 |
-0.20 σ
|
-0.97 σ
|
-0.68 σ
|
-5.78% | 09:30 AM |
|
|
EZA | South Africa | 9.62 |
Fair
|
Undervalued
|
Undervalued
|
10.72 | 12.03 | 11.90 |
-0.61 σ
|
-1.23 σ
|
-1.34 σ
|
+0.29% | 09:30 AM |
|
|
EIDO | Indonesia | 9.44 |
Cheap
|
Cheap
|
Cheap
|
12.66 | 14.06 | 13.66 |
-2.65 σ
|
-3.11 σ
|
-3.47 σ
|
-26.01% | 09:30 AM |
|
|
EPHE | Philippines | 8.18 |
Undervalued
|
Cheap
|
Cheap
|
12.25 | 14.67 | 15.16 |
-1.66 σ
|
-2.41 σ
|
-3.11 σ
|
-3.48% | 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).