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)
ENZL New Zealand 30.36
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.81 σ
+0.75 σ
+1.65 σ
 -1.28% 04:00 PM
VTI United States 26.51
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.61 σ
+2.33 σ
+3.43 σ
 +3.29% 04:00 PM
EWL Switzerland 24.23
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.95 σ
+3.36 σ
+3.82 σ
 +6.52% 04:00 PM
EWT Taiwan 23.50
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.22 σ
+4.76 σ
+5.64 σ
 +12.20% 04:00 PM
EWA Australia 23.00
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.39 σ
+3.69 σ
+4.93 σ
 +7.47% 04:00 PM
EWY South Korea 21.43
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.56 σ
+10.32 σ
+12.12 σ
 +48.94% 04:00 PM
EWC Canada 20.51
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.89 σ
+3.35 σ
+5.04 σ
 +11.97% 04:00 PM
EWH Hong Kong 20.50
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.37 σ
+5.62 σ
+5.25 σ
 +7.58% 04:00 PM
EWQ France 20.20
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.87 σ
+2.78 σ
+3.29 σ
 +0.13% 04:00 PM
EWU United Kingdom 19.89
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.33 σ
+3.68 σ
+4.64 σ
 +8.62% 04:00 PM
EWK Belgium 19.77
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.34 σ
+1.46 σ
+1.87 σ
 +4.75% 04:00 PM
EWJ Japan 19.63
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.35 σ
+3.77 σ
+3.30 σ
 +6.17% 04:00 PM
EWN Netherlands 18.99
Fair
Overvalued
Overvalued
 17.92 16.96 14.35
+0.44 σ
+1.04 σ
+1.95 σ
 +4.07% 04:00 PM
EWD Sweden 18.67
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.95 σ
+1.61 σ
+2.40 σ
 +6.93% 04:00 PM
EWG Germany 18.65
Expensive
Expensive
Expensive
 14.19 13.68 12.46
+2.01 σ
+3.29 σ
+4.64 σ
 -2.25% 04:00 PM
EZA South Africa 17.81
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+4.16 σ
+2.90 σ
+3.53 σ
 +13.36% 04:00 PM
EIS Israel 17.76
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+3.01 σ
+4.97 σ
+4.44 σ
 +21.20% 04:00 PM
EPU Perù 17.73
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.90 σ
+3.40 σ
+3.77 σ
 +32.37% 04:00 PM
ARGT Argentina 16.71
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.08 σ
+3.20 σ
+2.41 σ
 +1.24% 04:00 PM
EWS Singapore 16.62
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.03 σ
+3.22 σ
+3.41 σ
 -0.16% 04:00 PM
EDEN Denmark 15.91
Fair
Fair
Fair
 16.62 18.14 16.55
-0.24 σ
-0.84 σ
-0.35 σ
 -7.37% 03:56 PM
EWP Spain 15.89
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.70 σ
+3.20 σ
+2.86 σ
 +8.29% 04:00 PM
VNM Vietnam 15.73
Fair
Fair
-
 15.52 16.63 -
+0.08 σ
-0.30 σ
-
 -0.20% 04:00 PM
EWM Malaysia 15.51
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.47 σ
+0.55 σ
+1.01 σ
 +8.17% 04:00 PM
EWO Austria 15.46
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.65 σ
+3.19 σ
+3.43 σ
 +8.94% 04:00 PM
NORW Norway 15.30
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.34 σ
+1.44 σ
+2.31 σ
 +18.08% 04:00 PM
THD Thailand 15.19
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.05 σ
-1.15 σ
-0.27 σ
 +12.37% 04:00 PM
EWW Mexico 15.10
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.86 σ
+0.97 σ
+0.48 σ
 +10.36% 04:00 PM
EIRL Ireland 15.09
Fair
Fair
Fair
 15.09 15.59 16.16
-0.00 σ
-0.27 σ
-0.44 σ
 +1.36% 03:58 PM
ECH Chile 15.06
Overvalued
Fair
Fair
 10.14 13.17 14.57
+2.00 σ
+0.68 σ
+0.27 σ
 +10.49% 04:00 PM
TUR Turkey 14.15
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.17 σ
+6.35 σ
+3.84 σ
 +11.27% 04:00 PM
EWI Italy 13.87
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.84 σ
+1.64 σ
+1.71 σ
 +3.38% 04:00 PM
EWZ Brazil 13.68
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.51 σ
+1.93 σ
+2.54 σ
 +18.72% 04:00 PM
EPOL Poland 13.61
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.66 σ
+1.87 σ
+1.76 σ
 +5.86% 04:00 PM
INDA India 13.10
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.10 σ
-3.12 σ
-1.74 σ
 -6.66% 04:00 PM
EIDO Indonesia 12.66
Fair
Undervalued
Fair
 12.89 14.17 13.66
-0.18 σ
-1.06 σ
-0.83 σ
 -9.43% 04:00 PM
QAT Qatar 12.23
Fair
Fair
-
 13.01 13.38 -
-0.39 σ
-0.89 σ
-
 -2.60% 04:00 PM
GREK Greece 12.11
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.36 σ
+0.39 σ
+0.52 σ
 +0.75% 04:00 PM
COLO Colombia 11.43
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.78 σ
+0.89 σ
-0.34 σ
 +8.82% 04:00 PM
FXI China 10.51
Fair
Fair
Fair
 10.21 11.17 11.02
+0.26 σ
-0.49 σ
-0.30 σ
 -5.74% 04:00 PM
EPHE Philippines 9.63
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.20 σ
-2.03 σ
-2.55 σ
 -2.78% 04:00 PM
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).