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 27.60
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.18 σ
+0.03 σ
+1.10 σ
 +4.25% 09:30 AM
EWT Taiwan 27.37
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.09 σ
+6.41 σ
+7.39 σ
 +19.01% 09:30 AM
VTI United States 26.18
Overvalued
Overvalued
Expensive
 22.92 20.34 16.90
+1.23 σ
+1.97 σ
+3.06 σ
 +6.16% 09:30 AM
EWL Switzerland 24.92
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.96 σ
+3.29 σ
+3.87 σ
 +5.80% 09:30 AM
INDA India 22.71
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.33 σ
+0.76 σ
+1.59 σ
 -2.60% 09:30 AM
EWA Australia 22.03
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.76 σ
+2.80 σ
+3.98 σ
 +6.66% 09:30 AM
EWC Canada 21.36
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.93 σ
+3.38 σ
+5.38 σ
 +7.61% 09:30 AM
EWN Netherlands 21.06
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.09 σ
+2.03 σ
+2.70 σ
 +8.92% 09:30 AM
EWQ France 19.17
Overvalued
Expensive
Expensive
 16.60 15.60 13.51
+1.30 σ
+2.02 σ
+2.63 σ
 +2.99% 09:30 AM
EWJ Japan 18.81
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.60 σ
+2.90 σ
+2.76 σ
 +6.91% 09:30 AM
EWU United Kingdom 18.40
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.50 σ
+2.57 σ
+3.53 σ
 +7.02% 09:30 AM
EWG Germany 18.18
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.58 σ
+2.58 σ
+3.98 σ
 +2.41% 09:30 AM
EWH Hong Kong 18.17
Expensive
Expensive
Expensive
 15.47 15.41 15.26
+2.33 σ
+2.79 σ
+2.80 σ
 +3.20% 09:30 AM
EWS Singapore 18.06
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.61 σ
+4.17 σ
+4.72 σ
 +12.63% 09:30 AM
EWK Belgium 17.66
Fair
Fair
Overvalued
 16.07 16.87 15.03
+0.61 σ
+0.41 σ
+1.00 σ
 +5.88% 09:30 AM
EWY South Korea 17.61
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+4.95 σ
+5.89 σ
+7.66 σ
 +17.77% 09:30 AM
EWD Sweden 17.23
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.51 σ
+0.66 σ
+1.45 σ
 +4.19% 09:30 AM
EIRL Ireland 16.72
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.83 σ
+0.64 σ
+0.22 σ
 +8.84% 09:30 AM
EDEN Denmark 16.36
Fair
Fair
Fair
 16.04 18.01 16.57
+0.14 σ
-0.61 σ
-0.11 σ
 +3.78% 09:30 AM
EIS Israel 16.24
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.95 σ
+3.44 σ
+3.44 σ
 +0.52% 09:30 AM
EWP Spain 16.20
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.95 σ
+3.08 σ
+2.94 σ
 +11.59% 09:30 AM
ARGT Argentina 15.90
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.36 σ
+2.28 σ
+1.96 σ
 +5.34% 09:30 AM
THD Thailand 15.52
Fair
Fair
Fair
 17.03 17.31 15.94
-0.80 σ
-0.93 σ
-0.18 σ
 +8.26% 09:30 AM
EWI Italy 15.37
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.62 σ
+2.53 σ
+2.61 σ
 +10.37% 09:30 AM
VNM Vietnam 14.91
Fair
Fair
-
 15.18 16.84 -
-0.13 σ
-0.69 σ
-
 -4.88% 09:30 AM
TUR Turkey 14.85
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+2.94 σ
+6.27 σ
+4.20 σ
 -1.34% 09:30 AM
EPU Perù 14.81
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.30 σ
+1.32 σ
+1.73 σ
 +10.84% 09:30 AM
NORW Norway 14.79
Expensive
Overvalued
Overvalued
 10.79 12.67 11.64
+2.08 σ
+1.13 σ
+1.90 σ
 +3.71% 09:30 AM
EPOL Poland 14.33
Expensive
Expensive
Expensive
 10.11 11.06 11.46
+2.08 σ
+2.36 σ
+2.34 σ
 +15.18% 09:30 AM
EWO Austria 14.27
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.48 σ
+2.41 σ
+2.67 σ
 +14.64% 09:30 AM
EWM Malaysia 13.50
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.19 σ
-2.06 σ
-1.61 σ
 +0.91% 09:30 AM
ECH Chile 12.77
Overvalued
Fair
Fair
 10.09 13.14 14.53
+1.12 σ
-0.13 σ
-0.97 σ
 -1.09% 09:30 AM
EWW Mexico 12.77
Fair
Fair
Fair
 12.46 13.54 14.27
+0.37 σ
-0.58 σ
-0.87 σ
 +4.17% 09:30 AM
GREK Greece 12.38
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.72 σ
+0.53 σ
+0.68 σ
 +15.72% 09:30 AM
COLO Colombia 12.00
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+3.15 σ
+1.18 σ
-0.11 σ
 +17.48% 09:30 AM
EWZ Brazil 11.74
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.50 σ
+0.85 σ
+1.13 σ
 +3.29% 09:30 AM
QAT Qatar 11.19
Fair
Undervalued
-
 12.55 13.36 -
-0.81 σ
-1.63 σ
-
 -7.71% 09:30 AM
FXI China 9.57
Fair
Undervalued
Fair
 9.96 11.14 10.97
-0.45 σ
-1.16 σ
-0.83 σ
 -2.08% 09:30 AM
EZA South Africa 9.37
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.74 σ
-1.33 σ
-1.48 σ
 -6.52% 09:30 AM
EIDO Indonesia 9.25
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.82 σ
-3.16 σ
-3.64 σ
 -23.01% 09:30 AM
EPHE Philippines 8.60
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.46 σ
-2.20 σ
-2.91 σ
 +1.85% 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).