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)
EWT Taiwan 27.81
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.02 σ
+6.46 σ
+7.49 σ
 +27.29% 10 Aug
VTI United States 27.27
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.58 σ
+2.28 σ
+3.36 σ
 +10.02% 10 Aug
ENZL New Zealand 26.91
Fair
Fair
Fair
 26.88 27.50 21.60
+0.01 σ
-0.15 σ
+0.97 σ
 +4.57% 10 Aug
EWL Switzerland 25.86
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.26 σ
+3.64 σ
+4.20 σ
 +6.06% 10 Aug
INDA India 22.77
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.29 σ
+0.76 σ
+1.59 σ
 -1.46% 10 Aug
EWA Australia 21.16
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.36 σ
+2.27 σ
+3.42 σ
 +7.12% 10 Aug
EWN Netherlands 20.57
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.85 σ
+1.73 σ
+2.46 σ
 +10.19% 10 Aug
EWC Canada 20.56
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.56 σ
+2.83 σ
+4.67 σ
 +9.96% 10 Aug
EWS Singapore 19.00
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.06 σ
+4.88 σ
+5.59 σ
 +14.63% 10 Aug
EWJ Japan 18.91
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.57 σ
+2.90 σ
+2.80 σ
 +9.47% 10 Aug
EWQ France 18.29
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.82 σ
+1.47 σ
+2.19 σ
 +5.62% 10 Aug
EWH Hong Kong 17.93
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.06 σ
+2.46 σ
+2.52 σ
 +0.75% 10 Aug
EWG Germany 17.84
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.37 σ
+2.28 σ
+3.67 σ
 +4.57% 10 Aug
EIRL Ireland 17.19
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.72 σ
+0.89 σ
+0.41 σ
 +11.22% 10 Aug
EIS Israel 17.06
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.22 σ
+3.92 σ
+3.93 σ
 +2.25% 10 Aug
EDEN Denmark 16.33
Fair
Fair
Fair
 15.95 17.97 16.58
+0.17 σ
-0.61 σ
-0.14 σ
 +1.45% 10 Aug
EWP Spain 15.98
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.67 σ
+2.82 σ
+2.76 σ
 +12.24% 10 Aug
ARGT Argentina 15.91
Overvalued
Expensive
Overvalued
 13.09 12.79 10.86
+1.31 σ
+2.23 σ
+1.94 σ
 +1.54% 10 Aug
EWU United Kingdom 15.67
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.59 σ
+1.11 σ
+1.89 σ
 +6.10% 10 Aug
EWY South Korea 15.58
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+2.96 σ
+4.08 σ
+5.53 σ
 +16.95% 10 Aug
EWK Belgium 15.56
Fair
Fair
Fair
 16.04 16.85 15.06
-0.18 σ
-0.67 σ
+0.19 σ
 +5.22% 10 Aug
EWI Italy 15.26
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.49 σ
+2.41 σ
+2.52 σ
 +12.21% 10 Aug
TUR Turkey 14.70
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.64 σ
+5.89 σ
+4.07 σ
 +0.90% 10 Aug
EPOL Poland 14.66
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.23 σ
+2.55 σ
+2.60 σ
 +17.72% 10 Aug
EWD Sweden 14.61
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.73 σ
-1.06 σ
-0.22 σ
 +5.68% 10 Aug
VNM Vietnam 14.51
Fair
Fair
-
 15.09 16.87 -
-0.28 σ
-0.86 σ
-
 -3.12% 10 Aug
THD Thailand 14.44
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.36 σ
-1.49 σ
-0.66 σ
 +9.77% 10 Aug
EPU Perù 14.03
Fair
Fair
Overvalued
 12.23 12.88 12.38
+0.88 σ
+0.78 σ
+1.17 σ
 +13.92% 10 Aug
EWM Malaysia 13.42
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.27 σ
-2.08 σ
-1.71 σ
 -0.23% 10 Aug
EWO Austria 13.12
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.84 σ
+1.75 σ
+1.95 σ
 +16.13% 10 Aug
NORW Norway 12.89
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.09 σ
+0.11 σ
+0.74 σ
 +5.28% 10 Aug
ECH Chile 12.27
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.93 σ
-0.31 σ
-1.24 σ
 +0.97% 10 Aug
EWW Mexico 12.16
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.35 σ
-1.02 σ
-1.22 σ
 +3.39% 10 Aug
EWZ Brazil 11.47
Expensive
Fair
Fair
 8.16 10.08 10.11
+2.15 σ
+0.71 σ
+0.94 σ
 -1.17% 10 Aug
GREK Greece 11.25
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.07 σ
-0.04 σ
+0.16 σ
 +16.50% 10 Aug
COLO Colombia 11.10
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.46 σ
+0.76 σ
-0.42 σ
 +18.91% 10 Aug
QAT Qatar 11.04
Fair
Undervalued
-
 12.43 13.34 -
-0.88 σ
-1.71 σ
-
 -6.12% 10 Aug
FXI China 9.98
Fair
Fair
Fair
 9.91 11.13 10.97
+0.08 σ
-0.84 σ
-0.59 σ
 -1.83% 10 Aug
EIDO Indonesia 9.64
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.49 σ
-2.85 σ
-3.31 σ
 -19.83% 10 Aug
EZA South Africa 9.06
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.91 σ
-1.46 σ
-1.66 σ
 +1.60% 10 Aug
EPHE Philippines 8.61
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.45 σ
-2.15 σ
-2.88 σ
 +2.56% 10 Aug
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).