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 30.64
Expensive
Expensive
Expensive
 17.00 15.58 14.35
+4.15 σ
+7.19 σ
+8.51 σ
 +6.13% 09:30 AM
ENZL New Zealand 25.91
Fair
Fair
Fair
 26.72 27.57 21.79
-0.21 σ
-0.42 σ
+0.76 σ
 +0.49% 09:30 AM
EWL Switzerland 23.99
Overvalued
Expensive
Expensive
 20.40 18.77 16.13
+1.35 σ
+2.44 σ
+3.21 σ
 +4.74% 09:30 AM
VTI United States 23.61
Fair
Fair
Expensive
 23.16 20.65 17.10
+0.17 σ
+0.98 σ
+2.05 σ
 +3.81% 09:30 AM
INDA India 21.61
Undervalued
Fair
Overvalued
 23.03 21.08 18.22
-1.10 σ
+0.23 σ
+1.15 σ
 +5.05% 09:30 AM
EWA Australia 20.53
Fair
Overvalued
Expensive
 17.80 16.91 15.10
+0.99 σ
+1.79 σ
+2.89 σ
 +1.42% 09:30 AM
EWN Netherlands 19.20
Overvalued
Fair
Overvalued
 17.35 17.31 14.62
+1.24 σ
+0.97 σ
+1.83 σ
 +1.64% 09:30 AM
EWS Singapore 19.19
Expensive
Expensive
Expensive
 14.13 13.59 13.46
+2.76 σ
+4.59 σ
+5.55 σ
 +0.25% 09:30 AM
EWC Canada 19.09
Fair
Overvalued
Expensive
 16.56 15.56 14.57
+0.89 σ
+1.84 σ
+3.27 σ
 +3.35% 09:30 AM
EIS Israel 18.71
Expensive
Expensive
Expensive
 12.36 11.69 11.01
+2.53 σ
+4.71 σ
+4.90 σ
 -6.24% 09:30 AM
EWG Germany 18.11
Overvalued
Expensive
Expensive
 14.69 14.10 12.62
+1.32 σ
+2.20 σ
+3.60 σ
 +1.92% 09:30 AM
EWQ France 17.40
Fair
Fair
Overvalued
 16.70 15.77 13.63
+0.34 σ
+0.92 σ
+1.71 σ
 -2.23% 09:30 AM
EWU United Kingdom 16.83
Fair
Overvalued
Expensive
 14.05 13.53 12.48
+0.86 σ
+1.65 σ
+2.45 σ
 +1.59% 09:30 AM
EWP Spain 16.83
Expensive
Expensive
Expensive
 11.39 12.10 11.65
+3.75 σ
+3.18 σ
+3.20 σ
 +3.12% 09:30 AM
EDEN Denmark 16.55
Fair
Fair
Fair
 15.73 17.93 16.61
+0.42 σ
-0.52 σ
-0.03 σ
 +6.12% 09:30 AM
EIRL Ireland 16.52
Expensive
Fair
Fair
 14.50 15.52 16.26
+2.43 σ
+0.53 σ
+0.11 σ
 +8.40% 09:30 AM
EWJ Japan 15.80
Fair
Fair
Fair
 15.03 14.65 14.43
+0.46 σ
+0.74 σ
+0.86 σ
 +0.09% 09:30 AM
EWK Belgium 15.50
Fair
Fair
Fair
 15.80 16.73 15.12
-0.12 σ
-0.64 σ
+0.15 σ
 +2.93% 09:30 AM
EWI Italy 15.11
Expensive
Expensive
Expensive
 10.79 11.59 11.22
+2.18 σ
+2.19 σ
+2.37 σ
 +0.58% 09:30 AM
EWD Sweden 14.94
Fair
Fair
Fair
 15.90 16.21 14.98
-0.48 σ
-0.81 σ
-0.03 σ
 +3.27% 09:30 AM
THD Thailand 14.53
Undervalued
Undervalued
Fair
 16.54 17.13 15.99
-1.17 σ
-1.37 σ
-0.65 σ
 -4.01% 09:30 AM
EWO Austria 14.37
Expensive
Expensive
Expensive
 8.82 9.83 9.97
+2.07 σ
+2.25 σ
+2.70 σ
 +2.26% 09:30 AM
ARGT Argentina 13.94
Fair
Fair
Overvalued
 13.23 12.88 10.86
+0.32 σ
+0.75 σ
+1.20 σ
 -19.00% 09:30 AM
EPOL Poland 13.65
Overvalued
Overvalued
Overvalued
 10.14 11.13 11.49
+1.70 σ
+1.74 σ
+1.73 σ
 +7.34% 09:30 AM
NORW Norway 13.45
Overvalued
Fair
Overvalued
 10.79 12.66 11.70
+1.38 σ
+0.42 σ
+1.04 σ
 +0.76% 09:30 AM
EWH Hong Kong 12.75
Cheap
Cheap
Cheap
 15.39 15.41 15.25
-2.07 σ
-2.51 σ
-2.33 σ
 +1.26% 09:30 AM
GREK Greece 12.65
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.90 σ
+0.69 σ
+0.82 σ
 +8.86% 09:30 AM
EWM Malaysia 12.45
Cheap
Cheap
Cheap
 14.42 14.98 14.74
-2.35 σ
-3.04 σ
-2.98 σ
 -6.36% 09:30 AM
EWW Mexico 12.38
Fair
Fair
Undervalued
 12.33 13.37 14.24
+0.08 σ
-0.80 σ
-1.06 σ
 +1.98% 09:30 AM
ECH Chile 12.30
Fair
Fair
Undervalued
 10.03 13.01 14.42
+0.97 σ
-0.26 σ
-1.17 σ
 -11.49% 09:30 AM
TUR Turkey 11.87
Overvalued
Expensive
Expensive
 7.37 6.63 7.99
+1.42 σ
+3.23 σ
+2.32 σ
 -17.58% 09:30 AM
VNM Vietnam 11.48
Undervalued
Cheap
-
 14.80 16.93 -
-1.79 σ
-2.05 σ
-
 -3.63% 09:30 AM
EWY South Korea 11.18
Fair
Fair
Overvalued
 10.81 10.38 9.97
+0.19 σ
+0.60 σ
+1.16 σ
 -9.78% 09:30 AM
QAT Qatar 10.64
Undervalued
Undervalued
-
 12.09 13.27 -
-1.11 σ
-1.87 σ
-
 -1.19% 09:30 AM
EZA South Africa 10.62
Fair
Fair
Fair
 10.70 11.75 11.88
-0.05 σ
-0.59 σ
-0.73 σ
 -1.94% 09:30 AM
EWZ Brazil 10.53
Overvalued
Fair
Fair
 8.31 10.01 10.15
+1.35 σ
+0.27 σ
+0.27 σ
 -12.50% 09:30 AM
COLO Colombia 10.06
Overvalued
Fair
Fair
 7.31 9.41 12.19
+1.65 σ
+0.30 σ
-0.78 σ
 +7.52% 09:30 AM
FXI China 8.86
Undervalued
Undervalued
Undervalued
 9.77 11.05 10.92
-1.23 σ
-1.55 σ
-1.21 σ
 -4.33% 09:30 AM
EPU Perù 8.64
Undervalued
Cheap
Cheap
 12.28 12.83 12.41
-1.75 σ
-2.69 σ
-2.68 σ
 -4.83% 09:30 AM
EIDO Indonesia 8.51
Cheap
Cheap
Cheap
 12.20 13.80 13.65
-3.35 σ
-3.43 σ
-4.18 σ
 -25.04% 09:30 AM
EPHE Philippines 7.34
Cheap
Cheap
Cheap
 11.40 14.22 15.11
-2.00 σ
-2.47 σ
-3.33 σ
 -9.01% 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).