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

It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.

A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.

Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.

WORLD COUNTRIES P/E RATIO
Individual stock markets
Swipe left to see all data
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 30.58
Fair
Fair
Overvalued
 27.31 27.06 20.99
+0.79 σ
+0.86 σ
+1.75 σ
 +3.35% 11 Dec
VTI United States 28.24
Expensive
Expensive
Expensive
 22.34 19.68 16.58
+2.60 σ
+3.22 σ
+4.25 σ
 +11.40% 11 Dec
INDA India 24.44
Overvalued
Overvalued
Expensive
 23.05 20.52 17.90
+1.14 σ
+1.60 σ
+2.37 σ
 +0.78% 11 Dec
EWL Switzerland 22.91
Overvalued
Expensive
Expensive
 19.43 18.04 15.76
+1.64 σ
+2.96 σ
+3.37 σ
 +7.07% 11 Dec
EWD Sweden 20.88
Expensive
Expensive
Expensive
 16.35 15.99 14.82
+2.05 σ
+3.32 σ
+3.98 σ
 +8.91% 11 Dec
EWA Australia 20.61
Overvalued
Expensive
Expensive
 17.08 16.36 14.77
+1.53 σ
+2.60 σ
+3.75 σ
 +3.45% 11 Dec
EWC Canada 20.29
Expensive
Expensive
Expensive
 15.57 15.15 14.37
+2.11 σ
+3.62 σ
+5.12 σ
 +16.44% 11 Dec
EWT Taiwan 19.64
Overvalued
Expensive
Expensive
 15.93 14.80 13.95
+1.66 σ
+2.80 σ
+3.56 σ
 +14.78% 11 Dec
EWU United Kingdom 19.57
Expensive
Expensive
Expensive
 12.97 13.30 12.28
+2.61 σ
+3.82 σ
+4.62 σ
 +8.61% 11 Dec
VNM Vietnam 19.23
Overvalued
-
-
 15.83 - -
+1.10 σ
-
-
 +18.94% 11 Dec
EWQ France 19.08
Overvalued
Expensive
Expensive
 16.48 15.29 13.31
+1.39 σ
+2.29 σ
+2.88 σ
 +5.58% 11 Dec
EWK Belgium 18.57
Fair
Fair
Overvalued
 16.19 16.86 14.78
+0.87 σ
+0.88 σ
+1.47 σ
 +10.00% 11 Dec
EWG Germany 18.38
Expensive
Expensive
Expensive
 14.04 13.51 12.42
+2.17 σ
+3.56 σ
+4.69 σ
 +4.31% 11 Dec
EWH Hong Kong 18.26
Expensive
Expensive
Expensive
 15.42 15.16 15.20
+2.62 σ
+3.46 σ
+3.15 σ
 +9.55% 11 Dec
EWN Netherlands 17.75
Fair
Fair
Overvalued
 18.27 16.84 14.26
-0.18 σ
+0.46 σ
+1.50 σ
 +11.56% 11 Dec
EIS Israel 17.40
Expensive
Expensive
Expensive
 11.83 11.27 10.98
+2.96 σ
+5.06 σ
+4.21 σ
 +23.82% 11 Dec
EWJ Japan 16.94
Overvalued
Expensive
Overvalued
 14.86 14.19 14.44
+1.43 σ
+2.05 σ
+1.57 σ
 +11.02% 11 Dec
EWS Singapore 16.63
Expensive
Expensive
Expensive
 13.59 13.16 13.36
+2.31 σ
+3.44 σ
+3.55 σ
 +5.13% 11 Dec
ARGT Argentina 16.46
Expensive
Expensive
Expensive
 12.38 12.30 10.59
+2.39 σ
+3.37 σ
+2.43 σ
 +9.58% 11 Dec
EDEN Denmark 15.46
Fair
Undervalued
Fair
 17.16 18.24 16.54
-0.50 σ
-1.07 σ
-0.58 σ
 +5.41% 11 Dec
EZA South Africa 15.32
Expensive
Overvalued
Expensive
 10.49 12.09 11.86
+3.22 σ
+1.69 σ
+2.13 σ
 +24.09% 11 Dec
EWM Malaysia 14.95
Fair
Fair
Fair
 14.29 15.06 14.67
+0.91 σ
-0.16 σ
+0.34 σ
 +9.02% 11 Dec
EIRL Ireland 14.66
Fair
Fair
Fair
 15.50 15.63 16.15
-0.35 σ
-0.52 σ
-0.61 σ
 +13.20% 11 Dec
THD Thailand 14.59
Undervalued
Undervalued
Fair
 17.87 17.59 15.78
-1.40 σ
-1.51 σ
-0.48 σ
 +6.89% 11 Dec
ECH Chile 14.53
Overvalued
Fair
Fair
 10.14 13.10 14.58
+1.78 σ
+0.52 σ
-0.02 σ
 +21.59% 11 Dec
EWO Austria 14.10
Expensive
Expensive
Expensive
 8.35 9.59 9.94
+2.95 σ
+2.53 σ
+2.60 σ
 +17.76% 11 Dec
NORW Norway 13.80
Overvalued
Fair
Overvalued
 10.80 12.58 11.55
+1.54 σ
+0.68 σ
+1.43 σ
 +4.19% 11 Dec
EPU Perù 13.71
Fair
Fair
Fair
 12.10 12.69 12.32
+0.83 σ
+0.72 σ
+0.96 σ
 +34.05% 11 Dec
EWW Mexico 13.70
Overvalued
Fair
Fair
 12.54 13.75 14.26
+1.26 σ
-0.03 σ
-0.32 σ
 +16.83% 11 Dec
EWP Spain 13.64
Overvalued
Overvalued
Overvalued
 11.30 11.81 11.54
+1.87 σ
+1.55 σ
+1.42 σ
 +18.87% 11 Dec
EWI Italy 13.38
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.56 σ
+1.34 σ
+1.41 σ
 +11.91% 11 Dec
EWY South Korea 13.38
Expensive
Expensive
Expensive
 10.45 10.14 9.88
+2.55 σ
+3.22 σ
+3.84 σ
 +31.85% 11 Dec
EIDO Indonesia 12.98
Fair
Fair
Fair
 13.06 14.23 13.64
-0.06 σ
-0.89 σ
-0.53 σ
 +5.91% 11 Dec
TUR Turkey 12.59
Expensive
Expensive
Expensive
 5.79 6.41 7.94
+4.73 σ
+5.30 σ
+2.87 σ
 +4.82% 11 Dec
EPOL Poland 12.49
Overvalued
Overvalued
Fair
 10.16 11.00 11.46
+1.11 σ
+1.11 σ
+0.84 σ
 +12.73% 11 Dec
QAT Qatar 12.01
Fair
-
-
 13.29 - -
-0.59 σ
-
-
 +2.14% 11 Dec
GREK Greece 11.26
Fair
Fair
Fair
 9.56 11.28 11.03
+0.83 σ
-0.01 σ
+0.10 σ
 +16.45% 11 Dec
FXI China 10.92
Fair
Fair
Fair
 10.45 11.14 11.03
+0.31 σ
-0.16 σ
-0.07 σ
 +4.15% 11 Dec
EWZ Brazil 10.82
Expensive
Fair
Fair
 7.97 9.96 9.93
+2.26 σ
+0.46 σ
+0.61 σ
 +16.33% 11 Dec
EPHE Philippines 9.42
Undervalued
Cheap
Cheap
 13.12 15.12 15.24
-1.41 σ
-2.32 σ
-2.74 σ
 -3.39% 11 Dec
GXG Colombia 9.37
Overvalued
Fair
Undervalued
 7.29 9.51 12.53
+1.26 σ
-0.06 σ
-1.09 σ
 +22.02% 10 Dec
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).