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 27.62
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.17 σ
+0.05 σ
+1.13 σ
 -0.37% 13 May
VTI United States 26.05
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.31 σ
+2.05 σ
+3.14 σ
 +9.63% 13 May
EWT Taiwan 24.73
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.48 σ
+5.22 σ
+6.15 σ
 +38.60% 13 May
EWL Switzerland 22.36
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.03 σ
+2.14 σ
+2.86 σ
 +5.60% 13 May
EWY South Korea 20.93
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+8.46 σ
+9.22 σ
+11.26 σ
 +75.37% 13 May
EWA Australia 20.77
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.37 σ
+2.26 σ
+3.42 σ
 +5.98% 13 May
INDA India 20.65
Undervalued
Fair
Fair
 23.07 20.77 18.01
-1.90 σ
-0.05 σ
+0.92 σ
 -7.95% 13 May
EWC Canada 19.52
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.36 σ
+2.48 σ
+4.08 σ
 +8.88% 13 May
EWH Hong Kong 18.80
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.83 σ
+3.58 σ
+3.49 σ
 +9.94% 13 May
EWU United Kingdom 18.16
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.55 σ
+2.59 σ
+3.49 σ
 +6.34% 13 May
EWK Belgium 17.95
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.69 σ
+0.55 σ
+1.14 σ
 +8.38% 13 May
EWJ Japan 17.75
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.02 σ
+2.32 σ
+2.11 σ
 +11.13% 13 May
EWN Netherlands 17.47
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.09 σ
+0.23 σ
+1.27 σ
 +11.43% 13 May
EIS Israel 17.38
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.69 σ
+4.47 σ
+4.19 σ
 +21.61% 13 May
EWQ France 17.38
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.41 σ
+1.07 σ
+1.86 σ
 +1.36% 13 May
EWG Germany 16.96
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.18 σ
+2.00 σ
+3.25 σ
 +0.78% 13 May
NORW Norway 16.75
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.09 σ
+2.20 σ
+3.15 σ
 +19.80% 13 May
VNM Vietnam 16.57
Fair
Fair
-
 15.32 16.73 -
+0.54 σ
-0.05 σ
-
 +5.99% 13 May
EDEN Denmark 16.52
Fair
Fair
Fair
 16.28 18.06 16.55
+0.10 σ
-0.58 σ
-0.02 σ
 +1.75% 13 May
EWS Singapore 16.35
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.69 σ
+2.79 σ
+3.07 σ
 +4.08% 13 May
THD Thailand 16.26
Fair
Fair
Fair
 17.23 17.41 15.89
-0.47 σ
-0.58 σ
+0.16 σ
 +14.41% 13 May
TUR Turkey 16.19
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.15 σ
+7.75 σ
+5.08 σ
 +14.86% 13 May
EWD Sweden 15.63
Fair
Fair
Fair
 16.33 16.19 14.90
-0.32 σ
-0.36 σ
+0.46 σ
 +2.98% 13 May
EWM Malaysia 15.42
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.23 σ
+0.43 σ
+0.88 σ
 +10.73% 13 May
ARGT Argentina 15.02
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.05 σ
+1.76 σ
+1.67 σ
 +1.52% 13 May
EWP Spain 14.28
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.40 σ
+1.80 σ
+1.76 σ
 +7.74% 13 May
EPU Perù 14.27
Overvalued
Fair
Overvalued
 12.13 12.84 12.31
+1.07 σ
+0.98 σ
+1.37 σ
 +18.94% 13 May
EWW Mexico 14.24
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.90 σ
+0.43 σ
-0.02 σ
 +13.63% 13 May
EWO Austria 13.65
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.52 σ
+2.16 σ
+2.30 σ
 +15.28% 13 May
EIRL Ireland 13.27
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.99 σ
-1.21 σ
-1.19 σ
 +4.27% 13 May
EWI Italy 12.99
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.34 σ
+1.01 σ
+1.15 σ
 +9.96% 13 May
ECH Chile 12.92
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.15 σ
-0.08 σ
-0.90 σ
 +5.74% 13 May
EPOL Poland 12.52
Overvalued
Overvalued
Fair
 10.13 11.05 11.45
+1.16 σ
+1.07 σ
+0.87 σ
 +12.56% 13 May
EWZ Brazil 12.00
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+2.97 σ
+1.02 σ
+1.34 σ
 +8.94% 13 May
QAT Qatar 11.30
Fair
Undervalued
-
 12.78 13.38 -
-0.79 σ
-1.59 σ
-
 -2.96% 13 May
GREK Greece 10.91
Fair
Fair
Fair
 9.40 11.35 10.93
+0.81 σ
-0.22 σ
-0.01 σ
 +7.68% 13 May
COLO Colombia 10.81
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.37 σ
+0.62 σ
-0.54 σ
 -1.98% 13 May
EIDO Indonesia 10.59
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.74 σ
-2.40 σ
-2.56 σ
 -18.44% 13 May
FXI China 10.39
Fair
Fair
Fair
 10.10 11.17 11.00
+0.29 σ
-0.58 σ
-0.37 σ
 -0.93% 13 May
EZA South Africa 9.99
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.41 σ
-1.06 σ
-1.13 σ
 +5.45% 13 May
EPHE Philippines 8.28
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.67 σ
-2.43 σ
-3.10 σ
 -2.75% 13 May
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).