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 29.61
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.60 σ
+0.58 σ
+1.53 σ
 +0.32% 03:59 PM
VTI United States 26.66
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.74 σ
+2.46 σ
+3.54 σ
 +4.70% 03:59 PM
EWL Switzerland 24.10
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.99 σ
+3.40 σ
+3.83 σ
 +13.17% 03:59 PM
INDA India 23.50
Fair
Overvalued
Overvalued
 23.08 20.66 17.99
+0.34 σ
+1.16 σ
+1.96 σ
 -1.97% 03:59 PM
EWA Australia 22.63
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.31 σ
+3.59 σ
+4.82 σ
 +10.49% 03:59 PM
EWT Taiwan 22.15
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.66 σ
+4.08 σ
+4.94 σ
 +17.95% 03:59 PM
EWC Canada 20.80
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.11 σ
+3.68 σ
+5.36 σ
 +14.20% 03:59 PM
EWU United Kingdom 20.75
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.78 σ
+4.31 σ
+5.24 σ
 +13.53% 03:59 PM
EWY South Korea 20.37
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+8.64 σ
+9.65 σ
+11.17 σ
 +62.35% 03:59 PM
EWH Hong Kong 20.23
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.13 σ
+5.44 σ
+5.04 σ
 +11.93% 03:59 PM
EWK Belgium 20.15
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.48 σ
+1.68 σ
+2.04 σ
 +15.68% 03:59 PM
EWQ France 19.75
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.69 σ
+2.57 σ
+3.12 σ
 +8.02% 03:59 PM
EWN Netherlands 19.29
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.48 σ
+1.22 σ
+2.11 σ
 +11.37% 03:55 PM
EWD Sweden 18.64
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.94 σ
+1.65 σ
+2.43 σ
 +12.19% 03:59 PM
EWG Germany 18.45
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.00 σ
+3.28 σ
+4.57 σ
 +4.66% 03:59 PM
EIS Israel 18.29
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.33 σ
+5.50 σ
+4.79 σ
 +22.04% 03:59 PM
EWJ Japan 18.03
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.23 σ
+2.72 σ
+2.28 σ
 +14.47% 03:59 PM
VNM Vietnam 17.96
Fair
-
-
 15.64 - -
+0.85 σ
-
-
 +13.22% 03:59 PM
EPU Perù 17.46
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.76 σ
+3.30 σ
+3.57 σ
 +48.23% 03:57 PM
EWS Singapore 17.35
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.67 σ
+4.01 σ
+4.22 σ
 +5.50% 03:59 PM
EZA South Africa 17.27
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+4.04 σ
+2.65 σ
+3.24 σ
 +25.29% 03:59 PM
EWM Malaysia 16.37
Expensive
Overvalued
Expensive
 14.33 15.08 14.70
+2.68 σ
+1.70 σ
+2.11 σ
 +15.69% 03:59 PM
THD Thailand 16.29
Fair
Fair
Fair
 17.57 17.52 15.81
-0.57 σ
-0.61 σ
+0.19 σ
 +23.53% 03:59 PM
ARGT Argentina 16.24
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.93 σ
+2.94 σ
+2.25 σ
 +7.92% 03:58 PM
TUR Turkey 15.70
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.68 σ
+7.78 σ
+4.79 σ
 +21.30% 04:00 PM
EWO Austria 15.66
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.75 σ
+3.35 σ
+3.56 σ
 +21.84% 03:44 PM
EDEN Denmark 15.13
Fair
Undervalued
Fair
 16.80 18.18 16.55
-0.53 σ
-1.16 σ
-0.77 σ
 -3.08% 02:59 PM
ECH Chile 15.12
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.02 σ
+0.71 σ
+0.30 σ
 +22.40% 03:59 PM
NORW Norway 15.08
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.23 σ
+1.35 σ
+2.20 σ
 +17.47% 03:36 PM
EWP Spain 14.72
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.76 σ
+2.35 σ
+2.11 σ
 +16.79% 03:59 PM
EIRL Ireland 14.32
Fair
Fair
Fair
 15.22 15.60 16.16
-0.43 σ
-0.69 σ
-0.76 σ
 +6.15% 02:19 PM
EWI Italy 13.97
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.90 σ
+1.74 σ
+1.78 σ
 +10.92% 03:59 PM
EWW Mexico 13.84
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.46 σ
+0.09 σ
-0.25 σ
 +20.47% 03:59 PM
EPOL Poland 13.55
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.64 σ
+1.86 σ
+1.71 σ
 +14.15% 03:59 PM
EWZ Brazil 12.99
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+4.01 σ
+1.59 σ
+2.09 σ
 +26.10% 03:59 PM
EIDO Indonesia 12.84
Fair
Fair
Fair
 12.95 14.19 13.65
-0.08 σ
-0.95 σ
-0.67 σ
 -0.20% 03:59 PM
QAT Qatar 12.63
Fair
-
-
 13.10 - -
-0.23 σ
-
-
 +3.26% 04:00 PM
FXI China 11.00
Fair
Fair
Fair
 10.28 11.16 11.03
+0.57 σ
-0.12 σ
-0.02 σ
 +0.12% 03:59 PM
GREK Greece 10.35
Fair
Fair
Fair
 9.51 11.34 10.99
+0.43 σ
-0.50 σ
-0.29 σ
 +11.49% 03:58 PM
EPHE Philippines 9.90
Undervalued
Undervalued
Cheap
 12.79 14.98 15.22
-1.13 σ
-1.99 σ
-2.46 σ
 +5.69% 03:59 PM
COLO Colombia 9.57
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.48 σ
+0.03 σ
-1.00 σ
 +24.93% 03:59 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).