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 30.90
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.92 σ
+0.90 σ
+1.77 σ
 +5.54% 03:59 PM
VTI United States 27.06
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.91 σ
+2.61 σ
+3.69 σ
 +7.30% 03:59 PM
INDA India 24.00
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.74 σ
+1.36 σ
+2.14 σ
 +0.07% 03:59 PM
EWL Switzerland 23.77
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.84 σ
+3.21 σ
+3.68 σ
 +12.42% 03:59 PM
EWA Australia 22.02
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.06 σ
+3.23 σ
+4.44 σ
 +8.24% 03:59 PM
EWT Taiwan 21.62
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.44 σ
+3.78 σ
+4.62 σ
 +16.99% 03:59 PM
EWC Canada 20.72
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.08 σ
+3.63 σ
+5.30 σ
 +15.07% 03:59 PM
EWU United Kingdom 20.27
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.60 σ
+4.03 σ
+4.94 σ
 +11.86% 03:59 PM
EWH Hong Kong 20.12
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.04 σ
+5.32 σ
+4.93 σ
 +12.60% 03:59 PM
EWK Belgium 20.04
Overvalued
Overvalued
Overvalued
 16.15 16.88 14.85
+1.44 σ
+1.62 σ
+2.00 σ
 +16.27% 03:41 PM
EWQ France 19.49
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.55 σ
+2.42 σ
+2.99 σ
 +7.16% 03:59 PM
EWN Netherlands 19.38
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.51 σ
+1.27 σ
+2.15 σ
 +12.90% 03:54 PM
EWD Sweden 18.89
Overvalued
Overvalued
Expensive
 16.45 16.09 14.86
+1.04 σ
+1.81 σ
+2.58 σ
 +14.59% 03:59 PM
EWG Germany 18.58
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.07 σ
+3.37 σ
+4.67 σ
 +5.82% 03:59 PM
EIS Israel 18.41
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.40 σ
+5.60 σ
+4.87 σ
 +25.06% 03:59 PM
EWJ Japan 18.37
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.47 σ
+2.97 σ
+2.50 σ
 +17.85% 03:59 PM
EWY South Korea 18.19
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+6.74 σ
+7.58 σ
+8.85 σ
 +50.43% 03:59 PM
EPU Perù 17.21
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.63 σ
+3.13 σ
+3.40 σ
 +50.37% 03:59 PM
EWS Singapore 17.07
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.46 σ
+3.73 σ
+3.92 σ
 +4.43% 03:59 PM
VNM Vietnam 16.87
Fair
-
-
 15.64 - -
+0.45 σ
-
-
 +8.11% 03:58 PM
ARGT Argentina 16.85
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.25 σ
+3.41 σ
+2.49 σ
 +12.35% 03:58 PM
EZA South Africa 16.70
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.70 σ
+2.36 σ
+2.90 σ
 +23.27% 03:59 PM
EDEN Denmark 16.27
Fair
Fair
Fair
 16.80 18.18 16.55
-0.17 σ
-0.73 σ
-0.15 σ
 +4.51% 03:29 PM
EWM Malaysia 16.21
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.48 σ
+1.49 σ
+1.91 σ
 +15.57% 03:57 PM
EWO Austria 15.55
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.70 σ
+3.29 σ
+3.49 σ
 +22.88% 03:59 PM
ECH Chile 15.45
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.15 σ
+0.83 σ
+0.48 σ
 +26.87% 03:59 PM
TUR Turkey 15.43
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.52 σ
+7.56 σ
+4.63 σ
 +20.75% 03:59 PM
THD Thailand 15.39
Fair
Undervalued
Fair
 17.57 17.52 15.81
-0.97 σ
-1.06 σ
-0.17 σ
 +18.03% 03:59 PM
NORW Norway 14.85
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.10 σ
+1.23 σ
+2.06 σ
 +16.91% 03:57 PM
EIRL Ireland 14.81
Fair
Fair
Fair
 15.22 15.60 16.16
-0.20 σ
-0.43 σ
-0.56 σ
 +10.50% 02:08 PM
EWP Spain 14.69
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.74 σ
+2.32 σ
+2.09 σ
 +18.06% 03:59 PM
EWI Italy 14.06
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.95 σ
+1.80 σ
+1.83 σ
 +12.68% 03:59 PM
EWW Mexico 14.00
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.64 σ
+0.20 σ
-0.15 σ
 +23.62% 03:59 PM
EPOL Poland 13.56
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.64 σ
+1.87 σ
+1.72 σ
 +15.36% 03:59 PM
EWZ Brazil 12.85
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.89 σ
+1.51 σ
+1.99 σ
 +26.60% 03:59 PM
QAT Qatar 12.74
Fair
-
-
 13.10 - -
-0.17 σ
-
-
 +4.55% 02:18 PM
EIDO Indonesia 12.59
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.27 σ
-1.13 σ
-0.87 σ
 -1.99% 03:59 PM
FXI China 11.24
Fair
Fair
Fair
 10.28 11.16 11.03
+0.76 σ
+0.06 σ
+0.12 σ
 +2.76% 03:59 PM
GREK Greece 10.84
Fair
Fair
Fair
 9.51 11.34 10.99
+0.67 σ
-0.26 σ
-0.07 σ
 +18.39% 03:59 PM
EPHE Philippines 9.66
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.23 σ
-2.08 σ
-2.57 σ
 +3.22% 03:59 PM
COLO Colombia 9.44
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.40 σ
-0.02 σ
-1.05 σ
 +25.34% 03:59 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).