Global P/E Ratios by Country
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
Swipe left to see all data
|
P/E Evaluation
|
Historical P/E Average
|
P/E Deviation vs Avg
|
Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 26.82 |
Fair
|
Fair
|
Fair
|
26.98 | 27.41 | 21.39 |
-0.04 σ
|
-0.15 σ
|
+0.98 σ
|
-3.23% | 09:30 AM |
|
|
VTI | United States | 25.92 |
Overvalued
|
Expensive
|
Expensive
|
22.71 | 20.15 | 16.80 |
+1.26 σ
|
+2.00 σ
|
+3.10 σ
|
+8.89% | 09:30 AM |
|
|
EWT | Taiwan | 23.80 |
Expensive
|
Expensive
|
Expensive
|
16.11 | 15.15 | 14.13 |
+3.10 σ
|
+4.71 σ
|
+5.60 σ
|
+32.68% | 09:30 AM |
|
|
INDA | India | 22.92 |
Fair
|
Fair
|
Overvalued
|
23.07 | 20.77 | 18.01 |
-0.12 σ
|
+0.89 σ
|
+1.71 σ
|
-7.89% | 09:30 AM |
|
|
EWL | Switzerland | 22.57 |
Overvalued
|
Expensive
|
Expensive
|
19.89 | 18.37 | 15.90 |
+1.12 σ
|
+2.26 σ
|
+2.95 σ
|
+4.37% | 09:30 AM |
|
|
EWA | Australia | 20.50 |
Overvalued
|
Expensive
|
Expensive
|
17.33 | 16.64 | 14.90 |
+1.26 σ
|
+2.11 σ
|
+3.26 σ
|
+4.48% | 09:30 AM |
|
|
EWY | South Korea | 19.86 |
Expensive
|
Expensive
|
Expensive
|
10.49 | 10.27 | 9.93 |
+7.59 σ
|
+8.29 σ
|
+10.17 σ
|
+64.71% | 09:30 AM |
|
|
EWC | Canada | 19.42 |
Overvalued
|
Expensive
|
Expensive
|
15.99 | 15.38 | 14.44 |
+1.32 σ
|
+2.42 σ
|
+4.00 σ
|
+8.10% | 09:30 AM |
|
|
EWN | Netherlands | 18.54 |
Fair
|
Fair
|
Overvalued
|
17.66 | 17.02 | 14.40 |
+0.42 σ
|
+0.79 σ
|
+1.72 σ
|
+9.61% | 09:30 AM |
|
|
EWH | Hong Kong | 18.42 |
Expensive
|
Expensive
|
Expensive
|
15.47 | 15.34 | 15.24 |
+2.51 σ
|
+3.19 σ
|
+3.11 σ
|
+7.57% | 09:30 AM |
|
|
EWJ | Japan | 18.24 |
Expensive
|
Expensive
|
Expensive
|
14.84 | 14.40 | 14.43 |
+2.37 σ
|
+2.66 σ
|
+2.43 σ
|
+8.50% | 09:30 AM |
|
|
EWK | Belgium | 18.17 |
Fair
|
Fair
|
Overvalued
|
16.11 | 16.88 | 14.95 |
+0.78 σ
|
+0.66 σ
|
+1.23 σ
|
+7.08% | 09:30 AM |
|
|
EWQ | France | 17.81 |
Fair
|
Overvalued
|
Expensive
|
16.58 | 15.52 | 13.45 |
+0.63 σ
|
+1.31 σ
|
+2.06 σ
|
-0.92% | 09:30 AM |
|
|
EWU | United Kingdom | 17.64 |
Overvalued
|
Expensive
|
Expensive
|
13.44 | 13.41 | 12.35 |
+1.39 σ
|
+2.31 σ
|
+3.18 σ
|
+3.19% | 09:30 AM |
|
|
EWG | Germany | 17.64 |
Overvalued
|
Expensive
|
Expensive
|
14.26 | 13.78 | 12.49 |
+1.47 σ
|
+2.43 σ
|
+3.74 σ
|
-1.10% | 09:30 AM |
|
|
EIS | Israel | 16.89 |
Expensive
|
Expensive
|
Expensive
|
11.95 | 11.42 | 10.98 |
+2.45 σ
|
+4.10 σ
|
+3.87 σ
|
+17.77% | 09:30 AM |
|
|
NORW | Norway | 16.66 |
Expensive
|
Expensive
|
Expensive
|
10.79 | 12.66 | 11.61 |
+3.04 σ
|
+2.15 σ
|
+3.09 σ
|
+18.84% | 09:30 AM |
|
|
VNM | Vietnam | 16.53 |
Fair
|
Fair
|
-
|
15.32 | 16.73 | - |
+0.52 σ
|
-0.07 σ
|
-
|
+5.52% | 09:30 AM |
|
|
EDEN | Denmark | 16.13 |
Fair
|
Fair
|
Fair
|
16.28 | 18.06 | 16.55 |
-0.06 σ
|
-0.72 σ
|
-0.23 σ
|
-0.68% | 09:30 AM |
|
|
EWS | Singapore | 16.10 |
Overvalued
|
Expensive
|
Expensive
|
13.77 | 13.36 | 13.39 |
+1.53 σ
|
+2.56 σ
|
+2.81 σ
|
+2.39% | 09:30 AM |
|
|
THD | Thailand | 16.07 |
Fair
|
Fair
|
Fair
|
17.23 | 17.41 | 15.89 |
-0.57 σ
|
-0.67 σ
|
+0.08 σ
|
+12.78% | 09:30 AM |
|
|
TUR | Turkey | 15.75 |
Expensive
|
Expensive
|
Expensive
|
6.38 | 6.45 | 7.94 |
+3.97 σ
|
+7.41 σ
|
+4.81 σ
|
+11.54% | 09:30 AM |
|
|
EWD | Sweden | 15.25 |
Fair
|
Fair
|
Fair
|
16.33 | 16.19 | 14.90 |
-0.49 σ
|
-0.60 σ
|
+0.22 σ
|
+0.37% | 09:30 AM |
|
|
EWM | Malaysia | 15.15 |
Fair
|
Fair
|
Fair
|
14.43 | 15.09 | 14.73 |
+0.90 σ
|
+0.08 σ
|
+0.54 σ
|
+8.59% | 09:30 AM |
|
|
EWP | Spain | 14.90 |
Expensive
|
Expensive
|
Expensive
|
11.29 | 11.94 | 11.58 |
+2.90 σ
|
+2.28 σ
|
+2.17 σ
|
+5.95% | 09:30 AM |
|
|
ARGT | Argentina | 14.79 |
Fair
|
Overvalued
|
Overvalued
|
12.85 | 12.63 | 10.73 |
+0.94 σ
|
+1.59 σ
|
+1.58 σ
|
-0.13% | 09:30 AM |
|
|
EWI | Italy | 14.33 |
Expensive
|
Overvalued
|
Overvalued
|
10.61 | 11.46 | 11.17 |
+2.10 σ
|
+1.90 σ
|
+1.99 σ
|
+7.45% | 09:30 AM |
|
|
EPU | Perù | 13.53 |
Fair
|
Fair
|
Fair
|
12.13 | 12.84 | 12.31 |
+0.70 σ
|
+0.47 σ
|
+0.85 σ
|
+12.18% | 09:30 AM |
|
|
EWO | Austria | 13.44 |
Expensive
|
Expensive
|
Expensive
|
8.41 | 9.65 | 9.95 |
+2.42 σ
|
+2.04 σ
|
+2.17 σ
|
+13.20% | 09:30 AM |
|
|
EIRL | Ireland | 13.05 |
Undervalued
|
Undervalued
|
Undervalued
|
14.83 | 15.54 | 16.17 |
-1.14 σ
|
-1.33 σ
|
-1.29 σ
|
+2.41% | 09:30 AM |
|
|
EWW | Mexico | 12.80 |
Fair
|
Fair
|
Fair
|
12.53 | 13.63 | 14.27 |
+0.30 σ
|
-0.58 σ
|
-0.85 σ
|
+8.99% | 09:30 AM |
|
|
ECH | Chile | 12.55 |
Fair
|
Fair
|
Undervalued
|
10.12 | 13.15 | 14.55 |
+1.00 σ
|
-0.22 σ
|
-1.11 σ
|
+2.43% | 09:30 AM |
|
|
EPOL | Poland | 12.22 |
Overvalued
|
Fair
|
Fair
|
10.13 | 11.05 | 11.45 |
+1.02 σ
|
+0.86 σ
|
+0.63 σ
|
+9.67% | 09:30 AM |
|
|
EWZ | Brazil | 11.82 |
Expensive
|
Fair
|
Overvalued
|
8.01 | 10.05 | 10.04 |
+2.84 σ
|
+0.93 σ
|
+1.22 σ
|
+7.06% | 09:30 AM |
|
|
QAT | Qatar | 11.29 |
Fair
|
Undervalued
|
-
|
12.78 | 13.38 | - |
-0.80 σ
|
-1.59 σ
|
-
|
-2.97% | 09:30 AM |
|
|
COLO | Colombia | 10.86 |
Expensive
|
Fair
|
Fair
|
7.21 | 9.45 | 12.35 |
+2.40 σ
|
+0.64 σ
|
-0.53 σ
|
-1.77% | 09:30 AM |
|
|
GREK | Greece | 10.67 |
Fair
|
Fair
|
Fair
|
9.40 | 11.35 | 10.93 |
+0.68 σ
|
-0.34 σ
|
-0.12 σ
|
+5.14% | 09:30 AM |
|
|
EIDO | Indonesia | 10.46 |
Undervalued
|
Cheap
|
Cheap
|
12.74 | 14.10 | 13.67 |
-1.85 σ
|
-2.49 σ
|
-2.67 σ
|
-19.30% | 09:30 AM |
|
|
FXI | China | 9.83 |
Fair
|
Fair
|
Fair
|
10.10 | 11.17 | 11.00 |
-0.27 σ
|
-1.00 σ
|
-0.70 σ
|
-6.20% | 09:30 AM |
|
|
EZA | South Africa | 9.51 |
Fair
|
Undervalued
|
Undervalued
|
10.73 | 12.08 | 11.91 |
-0.68 σ
|
-1.31 σ
|
-1.42 σ
|
+0.12% | 09:30 AM |
|
|
EPHE | Philippines | 8.24 |
Undervalued
|
Cheap
|
Cheap
|
12.38 | 14.76 | 15.18 |
-1.68 σ
|
-2.44 σ
|
-3.12 σ
|
-3.10% | 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).