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 27.60
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.16 σ
+0.05 σ
+1.12 σ
 -0.42% 12 May
VTI United States 25.92
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.26 σ
+2.00 σ
+3.10 σ
 +9.13% 12 May
EWT Taiwan 24.45
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.36 σ
+5.07 σ
+5.98 σ
 +37.37% 12 May
EWL Switzerland 22.25
Fair
Expensive
Expensive
 19.89 18.37 15.90
+0.99 σ
+2.09 σ
+2.81 σ
 +5.19% 12 May
EWA Australia 20.91
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.42 σ
+2.34 σ
+3.51 σ
 +6.76% 12 May
INDA India 20.45
Cheap
Fair
Fair
 23.07 20.77 18.01
-2.05 σ
-0.13 σ
+0.85 σ
 -8.88% 12 May
EWY South Korea 19.80
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.55 σ
+8.25 σ
+10.11 σ
 +66.85% 12 May
EWC Canada 19.70
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.43 σ
+2.59 σ
+4.22 σ
 +9.99% 12 May
EWH Hong Kong 18.51
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.59 σ
+3.29 σ
+3.21 σ
 +8.37% 12 May
EWU United Kingdom 18.04
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.52 σ
+2.53 σ
+3.42 σ
 +5.74% 12 May
EWK Belgium 17.90
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.68 σ
+0.53 σ
+1.13 σ
 +8.19% 12 May
EWJ Japan 17.55
Overvalued
Expensive
Overvalued
 14.84 14.40 14.43
+1.89 σ
+2.18 σ
+1.99 σ
 +10.03% 12 May
EIS Israel 17.48
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.74 σ
+4.54 σ
+4.26 σ
 +22.53% 12 May
EWQ France 17.37
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.40 σ
+1.06 σ
+1.86 σ
 +1.32% 12 May
EWN Netherlands 17.12
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.26 σ
+0.05 σ
+1.13 σ
 +9.31% 12 May
EWG Germany 16.87
Overvalued
Overvalued
Expensive
 14.26 13.78 12.49
+1.14 σ
+1.95 σ
+3.19 σ
 +0.26% 12 May
VNM Vietnam 16.73
Fair
Fair
-
 15.32 16.73 -
+0.61 σ
+0.00 σ
-
 +7.05% 12 May
NORW Norway 16.62
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.02 σ
+2.13 σ
+3.07 σ
 +19.07% 12 May
EDEN Denmark 16.56
Fair
Fair
Fair
 16.28 18.06 16.55
+0.11 σ
-0.56 σ
+0.00 σ
 +1.96% 12 May
TUR Turkey 16.38
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.24 σ
+7.91 σ
+5.20 σ
 +16.41% 12 May
EWS Singapore 16.12
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.54 σ
+2.58 σ
+2.83 σ
 +2.67% 12 May
THD Thailand 15.82
Fair
Fair
Fair
 17.23 17.41 15.89
-0.69 σ
-0.80 σ
-0.03 σ
 +11.46% 12 May
EWD Sweden 15.62
Fair
Fair
Fair
 16.33 16.19 14.90
-0.32 σ
-0.37 σ
+0.45 σ
 +2.97% 12 May
EWM Malaysia 15.39
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.20 σ
+0.40 σ
+0.84 σ
 +10.67% 12 May
ARGT Argentina 15.28
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.18 σ
+1.96 σ
+1.78 σ
 +3.30% 12 May
EWP Spain 14.28
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.40 σ
+1.80 σ
+1.76 σ
 +7.86% 12 May
EPU Perù 14.22
Overvalued
Fair
Overvalued
 12.13 12.84 12.31
+1.04 σ
+0.94 σ
+1.33 σ
 +18.77% 12 May
EWW Mexico 14.19
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.84 σ
+0.40 σ
-0.05 σ
 +13.40% 12 May
EWO Austria 13.63
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.51 σ
+2.15 σ
+2.29 σ
 +15.32% 12 May
EIRL Ireland 13.28
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.99 σ
-1.21 σ
-1.19 σ
 +4.37% 12 May
ECH Chile 13.06
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.21 σ
-0.03 σ
-0.82 σ
 +7.04% 12 May
EWI Italy 12.98
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.34 σ
+1.01 σ
+1.14 σ
 +9.97% 12 May
EWZ Brazil 12.47
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.32 σ
+1.26 σ
+1.67 σ
 +13.44% 12 May
EPOL Poland 12.30
Overvalued
Fair
Fair
 10.13 11.05 11.45
+1.05 σ
+0.91 σ
+0.69 σ
 +10.66% 12 May
QAT Qatar 11.33
Fair
Undervalued
-
 12.78 13.38 -
-0.78 σ
-1.56 σ
-
 -2.73% 12 May
COLO Colombia 10.94
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.45 σ
+0.68 σ
-0.50 σ
 -0.71% 12 May
GREK Greece 10.90
Fair
Fair
Fair
 9.40 11.35 10.93
+0.80 σ
-0.23 σ
-0.02 σ
 +7.63% 12 May
EIDO Indonesia 10.77
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.60 σ
-2.28 σ
-2.41 σ
 -17.15% 12 May
FXI China 10.13
Fair
Fair
Fair
 10.10 11.17 11.00
+0.04 σ
-0.77 σ
-0.52 σ
 -3.34% 12 May
EZA South Africa 9.98
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.42 σ
-1.07 σ
-1.14 σ
 +5.49% 12 May
EPHE Philippines 8.23
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.69 σ
-2.45 σ
-3.12 σ
 -3.33% 12 May
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).