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 30.18
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.76 σ
+0.71 σ
+1.62 σ
 +2.12% 12:57 PM
VTI United States 26.91
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.77 σ
+2.47 σ
+3.57 σ
 +5.22% 01:00 PM
EWL Switzerland 23.93
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.82 σ
+3.20 σ
+3.69 σ
 +11.87% 12:59 PM
EWA Australia 22.98
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.38 σ
+3.68 σ
+4.92 σ
 +11.70% 01:00 PM
INDA India 22.84
Fair
Fair
Overvalued
 23.10 20.73 18.02
-0.21 σ
+0.87 σ
+1.70 σ
 -4.68% 01:00 PM
EWT Taiwan 22.84
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+2.94 σ
+4.39 σ
+5.25 σ
 +20.48% 01:00 PM
EWY South Korea 21.52
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.64 σ
+10.41 σ
+12.22 σ
 +67.14% 01:00 PM
EWC Canada 21.15
Expensive
Expensive
Expensive
 15.82 15.30 14.41
+2.14 σ
+3.76 σ
+5.57 σ
 +15.29% 12:59 PM
EWU United Kingdom 20.86
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.67 σ
+4.23 σ
+5.24 σ
 +13.44% 01:00 PM
EWH Hong Kong 20.36
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.24 σ
+5.47 σ
+5.11 σ
 +11.92% 01:00 PM
EWQ France 19.45
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.49 σ
+2.34 σ
+2.93 σ
 +5.99% 12:51 PM
EWK Belgium 19.30
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.17 σ
+1.22 σ
+1.69 σ
 +10.09% 12:26 PM
EWN Netherlands 18.89
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.39 σ
+0.99 σ
+1.90 σ
 +8.45% 12:57 PM
EIS Israel 18.75
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+3.51 σ
+5.73 σ
+5.09 σ
 +23.93% 12:58 PM
EWD Sweden 18.67
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.95 σ
+1.62 σ
+2.40 σ
 +11.80% 12:58 PM
EWG Germany 18.11
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.77 σ
+2.94 σ
+4.24 σ
 +2.57% 12:59 PM
EPU Perù 17.81
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.94 σ
+3.45 σ
+3.82 σ
 +48.30% 12:54 PM
EWJ Japan 17.79
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.06 σ
+2.47 σ
+2.13 σ
 +12.25% 01:00 PM
EZA South Africa 17.63
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+4.06 σ
+2.81 σ
+3.42 σ
 +26.39% 12:59 PM
VNM Vietnam 17.44
Fair
Fair
-
 15.52 16.63 -
+0.76 σ
+0.27 σ
-
 +8.95% 12:59 PM
EWS Singapore 16.86
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.20 σ
+3.46 σ
+3.66 σ
 +2.19% 12:58 PM
THD Thailand 16.11
Fair
Fair
Fair
 17.47 17.50 15.84
-0.63 σ
-0.69 σ
+0.11 σ
 +21.25% 12:59 PM
EWM Malaysia 15.65
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.65 σ
+0.74 σ
+1.19 σ
 +10.12% 12:56 PM
ARGT Argentina 15.60
Overvalued
Expensive
Overvalued
 12.65 12.50 10.68
+1.51 σ
+2.35 σ
+1.96 σ
 +3.57% 01:00 PM
NORW Norway 15.39
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.39 σ
+1.52 σ
+2.40 σ
 +19.22% 27 Feb
EWO Austria 14.99
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.41 σ
+2.93 σ
+3.14 σ
 +15.71% 12:59 PM
TUR Turkey 14.98
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.60 σ
+7.04 σ
+4.35 σ
 +14.97% 12:56 PM
EDEN Denmark 14.93
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.57 σ
-1.21 σ
-0.88 σ
 -4.37% 12:54 PM
ECH Chile 14.52
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.78 σ
+0.49 σ
-0.03 σ
 +16.58% 12:59 PM
EWP Spain 14.45
Expensive
Expensive
Overvalued
 11.29 11.89 11.56
+2.54 σ
+2.05 σ
+1.91 σ
 +13.64% 12:59 PM
EIRL Ireland 14.39
Fair
Fair
Fair
 15.09 15.59 16.16
-0.36 σ
-0.64 σ
-0.73 σ
 +6.27% 12:51 PM
EWW Mexico 13.84
Overvalued
Fair
Fair
 12.52 13.67 14.27
+1.46 σ
+0.11 σ
-0.25 σ
 +19.50% 12:59 PM
EWI Italy 13.77
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.78 σ
+1.57 σ
+1.64 σ
 +8.71% 12:59 PM
EPOL Poland 13.27
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.50 σ
+1.63 σ
+1.49 σ
 +11.18% 12:58 PM
EWZ Brazil 12.94
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+3.93 σ
+1.54 σ
+2.03 σ
 +24.38% 01:00 PM
EIDO Indonesia 12.38
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.40 σ
-1.25 σ
-1.06 σ
 -3.83% 01:00 PM
QAT Qatar 11.90
Fair
Undervalued
-
 13.01 13.38 -
-0.55 σ
-1.15 σ
-
 -2.84% 12:30 PM
FXI China 10.48
Fair
Fair
Fair
 10.21 11.17 11.02
+0.24 σ
-0.51 σ
-0.32 σ
 -4.70% 01:00 PM
GREK Greece 9.86
Fair
Fair
Fair
 9.47 11.35 10.97
+0.20 σ
-0.76 σ
-0.50 σ
 +5.42% 12:56 PM
EPHE Philippines 9.71
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.17 σ
-2.00 σ
-2.52 σ
 +3.66% 01:00 PM
COLO Colombia 8.54
Fair
Fair
Undervalued
 7.21 9.46 12.41
+0.87 σ
-0.42 σ
-1.35 σ
 +10.64% 12:58 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).