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 26.23
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+3.03 σ
+5.27 σ
+6.35 σ
 +14.12% 26 Oct
ENZL New Zealand 25.88
Fair
Fair
Fair
 26.77 27.54 21.73
-0.23 σ
-0.42 σ
+0.76 σ
 -1.06% 26 Oct
EWL Switzerland 25.57
Expensive
Expensive
Expensive
 20.31 18.70 16.10
+2.01 σ
+3.28 σ
+3.93 σ
 +1.95% 26 Oct
VTI United States 23.69
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.21 σ
+1.03 σ
+2.11 σ
 +4.72% 26 Oct
INDA India 21.84
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.94 σ
+0.35 σ
+1.25 σ
 -5.49% 26 Oct
EWA Australia 20.99
Overvalued
Expensive
Expensive
 17.72 16.86 15.06
+1.21 σ
+2.07 σ
+3.19 σ
 +1.17% 26 Oct
EWC Canada 19.76
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.18 σ
+2.26 σ
+3.85 σ
 +4.60% 26 Oct
EWS Singapore 18.41
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.46 σ
+4.08 σ
+4.86 σ
 +2.24% 26 Oct
EWN Netherlands 18.20
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.52 σ
+0.47 σ
+1.44 σ
 -1.61% 26 Oct
EWG Germany 17.89
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.29 σ
+2.16 σ
+3.55 σ
 -2.44% 26 Oct
EIS Israel 17.31
Expensive
Expensive
Expensive
 12.29 11.63 11.00
+2.06 σ
+3.86 σ
+4.03 σ
 -0.81% 26 Oct
EWQ France 17.12
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.23 σ
+0.78 σ
+1.61 σ
 -7.96% 26 Oct
EWU United Kingdom 16.99
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.94 σ
+1.77 σ
+2.58 σ
 +1.47% 26 Oct
EDEN Denmark 16.80
Fair
Fair
Fair
 15.79 17.93 16.60
+0.50 σ
-0.42 σ
+0.11 σ
 +1.21% 26 Oct
EIRL Ireland 16.07
Overvalued
Fair
Fair
 14.51 15.52 16.24
+1.83 σ
+0.30 σ
-0.07 σ
 +4.12% 26 Oct
EWP Spain 15.76
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.25 σ
+2.52 σ
+2.57 σ
 -1.17% 26 Oct
EWK Belgium 14.86
Fair
Fair
Fair
 15.88 16.76 15.10
-0.40 σ
-1.00 σ
-0.09 σ
 -1.01% 26 Oct
EWJ Japan 14.79
Fair
Fair
Fair
 15.04 14.64 14.45
-0.15 σ
+0.10 σ
+0.21 σ
 +2.93% 26 Oct
EWD Sweden 14.77
Fair
Fair
Fair
 15.96 16.22 14.98
-0.58 σ
-0.93 σ
-0.13 σ
 -1.79% 26 Oct
THD Thailand 14.68
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.13 σ
-1.32 σ
-0.57 σ
 +1.64% 26 Oct
EWI Italy 14.26
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.82 σ
+1.69 σ
+1.86 σ
 -4.68% 26 Oct
VNM Vietnam 13.89
Fair
Undervalued
-
 14.89 16.92 -
-0.53 σ
-1.13 σ
-
 -5.55% 26 Oct
NORW Norway 13.85
Overvalued
Fair
Overvalued
 10.76 12.67 11.69
+1.64 σ
+0.63 σ
+1.30 σ
 +4.47% 26 Oct
EWO Austria 13.45
Overvalued
Overvalued
Expensive
 8.74 9.80 9.97
+1.82 σ
+1.84 σ
+2.13 σ
 -2.77% 26 Oct
EPOL Poland 13.27
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.51 σ
+1.51 σ
+1.43 σ
 +8.39% 26 Oct
EWH Hong Kong 13.08
Undervalued
Cheap
Cheap
 15.44 15.44 15.27
-1.89 σ
-2.25 σ
-2.05 σ
 -3.58% 26 Oct
ARGT Argentina 13.06
Fair
Fair
Fair
 13.20 12.87 10.85
-0.06 σ
+0.14 σ
+0.86 σ
 -10.27% 26 Oct
EWW Mexico 12.81
Fair
Fair
Fair
 12.35 13.41 14.25
+0.63 σ
-0.47 σ
-0.83 σ
 -1.06% 26 Oct
EWM Malaysia 12.81
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.98 σ
-2.70 σ
-2.52 σ
 -6.27% 26 Oct
GREK Greece 12.05
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.56 σ
+0.38 σ
+0.53 σ
 +3.90% 26 Oct
ECH Chile 11.66
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.70 σ
-0.51 σ
-1.54 σ
 -12.93% 26 Oct
TUR Turkey 10.62
Overvalued
Expensive
Overvalued
 7.26 6.60 7.99
+1.06 σ
+2.53 σ
+1.57 σ
 -21.27% 26 Oct
EZA South Africa 10.58
Fair
Fair
Fair
 10.68 11.80 11.88
-0.06 σ
-0.62 σ
-0.75 σ
 -7.62% 26 Oct
QAT Qatar 10.32
Undervalued
Cheap
-
 12.20 13.29 -
-1.36 σ
-2.15 σ
-
 -13.95% 26 Oct
COLO Colombia 10.21
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.78 σ
+0.36 σ
-0.73 σ
 +12.86% 26 Oct
FXI China 8.98
Undervalued
Undervalued
Undervalued
 9.82 11.08 10.94
-1.09 σ
-1.50 σ
-1.16 σ
 -9.23% 26 Oct
EWZ Brazil 8.60
Fair
Fair
Undervalued
 8.29 10.06 10.14
+0.19 σ
-0.76 σ
-1.07 σ
 -8.18% 26 Oct
EPU Perù 8.54
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.85 σ
-2.83 σ
-2.75 σ
 -2.00% 26 Oct
EWY South Korea 8.42
Undervalued
Undervalued
Undervalued
 10.84 10.40 9.98
-1.28 σ
-1.50 σ
-1.52 σ
 -5.52% 26 Oct
EIDO Indonesia 7.94
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-3.92 σ
-3.85 σ
-4.69 σ
 -25.71% 26 Oct
EPHE Philippines 7.57
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.91 σ
-2.43 σ
-3.27 σ
 -10.62% 26 Oct
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).