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)
VTI United States 26.28
Overvalued
Expensive
Expensive
 22.82 20.25 16.85
+1.33 σ
+2.06 σ
+3.16 σ
 +8.30% 12 Jun
ENZL New Zealand 26.10
Fair
Fair
Fair
 26.97 27.44 21.47
-0.23 σ
-0.33 σ
+0.84 σ
 +1.19% 12 Jun
EWT Taiwan 24.73
Expensive
Expensive
Expensive
 16.20 15.23 14.16
+3.31 σ
+5.12 σ
+6.02 σ
 +41.29% 12 Jun
EWL Switzerland 23.32
Overvalued
Expensive
Expensive
 19.97 18.44 15.94
+1.37 σ
+2.57 σ
+3.23 σ
 +5.72% 12 Jun
INDA India 22.93
Fair
Fair
Overvalued
 23.10 20.83 18.05
-0.14 σ
+0.87 σ
+1.69 σ
 -6.36% 12 Jun
EWA Australia 20.84
Overvalued
Expensive
Expensive
 17.40 16.69 14.92
+1.34 σ
+2.23 σ
+3.38 σ
 +5.45% 12 Jun
EWY South Korea 20.18
Expensive
Expensive
Expensive
 10.54 10.30 9.94
+7.35 σ
+8.28 σ
+10.36 σ
 +64.34% 12 Jun
EWN Netherlands 19.62
Overvalued
Overvalued
Expensive
 17.57 17.07 14.43
+1.07 σ
+1.32 σ
+2.13 σ
 +15.98% 12 Jun
EWC Canada 19.25
Overvalued
Expensive
Expensive
 16.08 15.41 14.45
+1.19 σ
+2.23 σ
+3.80 σ
 +8.40% 12 Jun
EWK Belgium 18.97
Overvalued
Overvalued
Overvalued
 16.09 16.87 14.99
+1.09 σ
+1.08 σ
+1.52 σ
 +11.25% 12 Jun
EWJ Japan 18.82
Expensive
Expensive
Expensive
 14.87 14.45 14.43
+2.69 σ
+2.99 σ
+2.80 σ
 +8.71% 12 Jun
EIS Israel 18.46
Expensive
Expensive
Expensive
 11.98 11.46 10.98
+3.15 σ
+5.15 σ
+4.90 σ
 +13.57% 12 Jun
EWU United Kingdom 18.08
Overvalued
Expensive
Expensive
 13.55 13.45 12.37
+1.46 σ
+2.47 σ
+3.39 σ
 +5.48% 12 Jun
EWH Hong Kong 18.07
Expensive
Expensive
Expensive
 15.47 15.38 15.25
+2.22 σ
+2.75 σ
+2.74 σ
 -2.34% 12 Jun
EWQ France 18.00
Fair
Overvalued
Expensive
 16.60 15.57 13.48
+0.71 σ
+1.38 σ
+2.11 σ
 +4.01% 12 Jun
EWG Germany 17.75
Overvalued
Expensive
Expensive
 14.33 13.83 12.51
+1.44 σ
+2.39 σ
+3.75 σ
 +0.97% 12 Jun
TUR Turkey 16.84
Expensive
Expensive
Expensive
 6.56 6.47 7.94
+4.00 σ
+8.07 σ
+5.46 σ
 +5.58% 12 Jun
VNM Vietnam 16.54
Fair
Fair
-
 15.24 16.78 -
+0.59 σ
-0.08 σ
-
 -2.74% 12 Jun
THD Thailand 16.43
Fair
Fair
Fair
 17.14 17.36 15.92
-0.36 σ
-0.48 σ
+0.22 σ
 +15.19% 12 Jun
NORW Norway 16.37
Expensive
Overvalued
Expensive
 10.79 12.67 11.62
+2.89 σ
+1.97 σ
+2.88 σ
 +12.30% 12 Jun
EWS Singapore 16.04
Overvalued
Expensive
Expensive
 13.82 13.39 13.40
+1.42 σ
+2.44 σ
+2.72 σ
 +2.51% 12 Jun
EDEN Denmark 16.03
Fair
Fair
Fair
 16.14 18.03 16.56
-0.05 σ
-0.75 σ
-0.29 σ
 -0.16% 12 Jun
EWD Sweden 15.57
Fair
Fair
Fair
 16.26 16.21 14.92
-0.32 σ
-0.41 σ
+0.41 σ
 +3.50% 12 Jun
ARGT Argentina 15.53
Overvalued
Expensive
Overvalued
 12.94 12.69 10.78
+1.22 σ
+2.04 σ
+1.84 σ
 +11.29% 12 Jun
EIRL Ireland 15.15
Fair
Fair
Fair
 14.72 15.52 16.18
+0.32 σ
-0.20 σ
-0.43 σ
 +9.97% 12 Jun
EWP Spain 15.07
Expensive
Expensive
Expensive
 11.29 11.96 11.59
+3.04 σ
+2.33 σ
+2.25 σ
 +9.87% 12 Jun
EPU Perù 14.94
Overvalued
Overvalued
Overvalued
 12.14 12.85 12.33
+1.39 σ
+1.42 σ
+1.83 σ
 +17.62% 12 Jun
EWM Malaysia 14.91
Fair
Fair
Fair
 14.44 15.09 14.73
+0.59 σ
-0.23 σ
+0.23 σ
 +1.61% 12 Jun
EWI Italy 14.41
Expensive
Overvalued
Expensive
 10.62 11.48 11.17
+2.12 σ
+1.93 σ
+2.03 σ
 +11.37% 12 Jun
EWO Austria 14.34
Expensive
Expensive
Expensive
 8.46 9.67 9.95
+2.69 σ
+2.50 σ
+2.74 σ
 +19.19% 12 Jun
ECH Chile 13.27
Overvalued
Fair
Fair
 10.11 13.15 14.54
+1.31 σ
+0.04 σ
-0.70 σ
 +5.99% 12 Jun
EWZ Brazil 13.10
Expensive
Overvalued
Expensive
 8.05 10.06 10.06
+3.62 σ
+1.58 σ
+2.08 σ
 +1.48% 12 Jun
EWW Mexico 12.99
Fair
Fair
Fair
 12.50 13.59 14.26
+0.57 σ
-0.43 σ
-0.73 σ
 +8.44% 12 Jun
EPOL Poland 12.71
Overvalued
Overvalued
Overvalued
 10.13 11.06 11.45
+1.26 σ
+1.19 σ
+1.03 σ
 +14.14% 12 Jun
COLO Colombia 12.12
Expensive
Overvalued
Fair
 7.21 9.44 12.34
+3.23 σ
+1.23 σ
-0.08 σ
 +17.22% 12 Jun
QAT Qatar 11.37
Fair
Undervalued
-
 12.67 13.37 -
-0.73 σ
-1.52 σ
-
 -3.11% 12 Jun
GREK Greece 11.32
Overvalued
Fair
Fair
 9.37 11.34 10.92
+1.07 σ
-0.01 σ
+0.18 σ
 +12.27% 12 Jun
EIDO Indonesia 10.77
Undervalued
Cheap
Cheap
 12.66 14.06 13.66
-1.56 σ
-2.22 σ
-2.39 σ
 -27.26% 12 Jun
FXI China 10.09
Fair
Fair
Fair
 10.03 11.16 10.98
+0.06 σ
-0.79 σ
-0.53 σ
 -7.97% 12 Jun
EZA South Africa 9.99
Fair
Undervalued
Undervalued
 10.72 12.03 11.90
-0.41 σ
-1.04 σ
-1.12 σ
 -2.05% 12 Jun
EPHE Philippines 8.50
Undervalued
Cheap
Cheap
 12.25 14.67 15.16
-1.53 σ
-2.29 σ
-2.96 σ
 -1.15% 12 Jun
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).