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 29.39
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.58 σ
+7.28 σ
+8.36 σ
 +33.50% 09:30 AM
VTI United States 27.43
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.64 σ
+2.33 σ
+3.41 σ
 +10.41% 09:30 AM
ENZL New Zealand 26.67
Fair
Fair
Fair
 26.88 27.50 21.60
-0.06 σ
-0.21 σ
+0.92 σ
 +3.56% 09:30 AM
EWL Switzerland 25.65
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.18 σ
+3.54 σ
+4.11 σ
 +5.02% 09:30 AM
INDA India 22.69
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.35 σ
+0.73 σ
+1.56 σ
 -1.17% 09:30 AM
EWN Netherlands 21.35
Expensive
Expensive
Expensive
 17.47 17.18 14.52
+2.32 σ
+2.13 σ
+2.77 σ
 +14.06% 09:30 AM
EWA Australia 20.97
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.29 σ
+2.17 σ
+3.31 σ
 +6.02% 09:30 AM
EWC Canada 20.66
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.60 σ
+2.88 σ
+4.75 σ
 +10.20% 09:30 AM
EWJ Japan 19.39
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.88 σ
+3.22 σ
+3.10 σ
 +11.94% 09:30 AM
EWS Singapore 19.15
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.15 σ
+5.01 σ
+5.74 σ
 +15.21% 09:30 AM
EWQ France 18.16
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.75 σ
+1.40 σ
+2.13 σ
 +4.75% 09:30 AM
EWG Germany 17.82
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.36 σ
+2.27 σ
+3.66 σ
 +4.38% 09:30 AM
EWH Hong Kong 17.70
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.86 σ
+2.23 σ
+2.30 σ
 -0.64% 09:30 AM
EIS Israel 17.48
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.41 σ
+4.22 σ
+4.21 σ
 +4.48% 09:30 AM
EIRL Ireland 17.34
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.87 σ
+0.97 σ
+0.47 σ
 +11.87% 09:30 AM
EWY South Korea 17.18
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.94 σ
+5.34 σ
+7.12 σ
 +27.87% 09:30 AM
EDEN Denmark 16.61
Fair
Fair
Fair
 15.95 17.97 16.58
+0.31 σ
-0.51 σ
+0.02 σ
 +3.71% 09:30 AM
EWP Spain 16.04
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.72 σ
+2.87 σ
+2.80 σ
 +12.27% 09:30 AM
EWU United Kingdom 15.59
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.56 σ
+1.07 σ
+1.84 σ
 +5.35% 09:30 AM
EWK Belgium 15.47
Fair
Fair
Fair
 16.04 16.85 15.06
-0.22 σ
-0.72 σ
+0.16 σ
 +4.46% 09:30 AM
ARGT Argentina 15.41
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.08 σ
+1.87 σ
+1.75 σ
 -1.93% 09:30 AM
EWI Italy 15.29
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.51 σ
+2.43 σ
+2.54 σ
 +12.08% 09:30 AM
TUR Turkey 14.91
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.71 σ
+6.05 σ
+4.20 σ
 +2.13% 09:30 AM
EPOL Poland 14.62
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.21 σ
+2.52 σ
+2.56 σ
 +16.88% 09:30 AM
VNM Vietnam 14.42
Fair
Fair
-
 15.09 16.87 -
-0.33 σ
-0.90 σ
-
 -3.73% 09:30 AM
EWD Sweden 14.37
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.84 σ
-1.21 σ
-0.37 σ
 +3.82% 09:30 AM
THD Thailand 14.31
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.43 σ
-1.56 σ
-0.71 σ
 +8.45% 09:30 AM
EPU Perù 13.64
Fair
Fair
Fair
 12.23 12.88 12.38
+0.69 σ
+0.52 σ
+0.89 σ
 +10.17% 09:30 AM
EWM Malaysia 13.48
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.20 σ
-2.01 σ
-1.64 σ
 +0.06% 09:30 AM
EWO Austria 13.18
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.87 σ
+1.79 σ
+1.99 σ
 +16.14% 09:30 AM
NORW Norway 13.04
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.16 σ
+0.19 σ
+0.82 σ
 +6.13% 09:30 AM
EWW Mexico 11.99
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.56 σ
-1.15 σ
-1.32 σ
 +1.74% 09:30 AM
ECH Chile 11.91
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.78 σ
-0.44 σ
-1.43 σ
 -2.14% 09:30 AM
GREK Greece 11.27
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.08 σ
-0.03 σ
+0.16 σ
 +16.20% 09:30 AM
COLO Colombia 11.24
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.55 σ
+0.82 σ
-0.38 σ
 +19.70% 09:30 AM
EWZ Brazil 11.02
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.86 σ
+0.48 σ
+0.63 σ
 -5.18% 09:30 AM
QAT Qatar 10.99
Fair
Undervalued
-
 12.43 13.34 -
-0.90 σ
-1.74 σ
-
 -5.91% 09:30 AM
FXI China 9.53
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.46 σ
-1.17 σ
-0.85 σ
 -6.05% 09:30 AM
EIDO Indonesia 9.43
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.67 σ
-2.99 σ
-3.49 σ
 -21.14% 09:30 AM
EZA South Africa 8.75
Undervalued
Undervalued
Undervalued
 10.70 11.92 11.90
-1.08 σ
-1.62 σ
-1.84 σ
 -1.92% 09:30 AM
EPHE Philippines 8.52
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.48 σ
-2.18 σ
-2.92 σ
 +1.43% 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).