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 26.82
Fair
Fair
Fair
 27.07 27.37 21.33
-0.06 σ
-0.14 σ
+0.99 σ
 -5.25% 29 Apr
VTI United States 25.02
Fair
Overvalued
Expensive
 22.65 20.07 16.76
+0.94 σ
+1.74 σ
+2.85 σ
 +6.05% 29 Apr
EWT Taiwan 23.78
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.22 σ
+4.82 σ
+5.70 σ
 +30.66% 29 Apr
EWL Switzerland 21.95
Fair
Overvalued
Expensive
 19.81 18.31 15.86
+0.90 σ
+2.00 σ
+2.73 σ
 +2.85% 29 Apr
INDA India 21.19
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.47 σ
+0.19 σ
+1.12 σ
 -6.43% 29 Apr
EWA Australia 19.68
Fair
Overvalued
Expensive
 17.27 16.59 14.88
+0.97 σ
+1.73 σ
+2.85 σ
 +4.73% 29 Apr
EWC Canada 19.01
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.22 σ
+2.27 σ
+3.74 σ
 +8.60% 29 Apr
EWY South Korea 17.74
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+6.28 σ
+6.70 σ
+8.11 σ
 +50.39% 29 Apr
EIS Israel 17.72
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.94 σ
+4.83 σ
+4.42 σ
 +19.11% 29 Apr
EWH Hong Kong 17.65
Overvalued
Expensive
Expensive
 15.46 15.32 15.24
+1.89 σ
+2.48 σ
+2.37 σ
 +5.30% 29 Apr
EWK Belgium 17.42
Fair
Fair
Fair
 16.14 16.89 14.92
+0.47 σ
+0.27 σ
+0.95 σ
 +3.15% 29 Apr
NORW Norway 17.25
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.35 σ
+2.49 σ
+3.48 σ
 +19.99% 29 Apr
EWU United Kingdom 17.24
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.31 σ
+2.14 σ
+2.98 σ
 +5.06% 29 Apr
EWQ France 17.21
Fair
Fair
Overvalued
 16.58 15.49 13.42
+0.32 σ
+0.99 σ
+1.81 σ
 +0.19% 29 Apr
EWN Netherlands 17.20
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.26 σ
+0.10 σ
+1.18 σ
 +5.32% 29 Apr
EWJ Japan 16.81
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.38 σ
+1.72 σ
+1.51 σ
 +4.70% 29 Apr
EWG Germany 16.64
Overvalued
Overvalued
Expensive
 14.24 13.74 12.48
+1.06 σ
+1.86 σ
+3.07 σ
 -1.18% 29 Apr
EWD Sweden 16.52
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.05 σ
+0.22 σ
+1.02 σ
 +2.70% 29 Apr
TUR Turkey 15.69
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.44 σ
+7.47 σ
+4.79 σ
 +15.36% 29 Apr
VNM Vietnam 15.56
Fair
Fair
-
 15.43 16.68 -
+0.06 σ
-0.38 σ
-
 +4.62% 29 Apr
EWS Singapore 15.46
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.15 σ
+2.05 σ
+2.17 σ
 +0.17% 29 Apr
ARGT Argentina 15.37
Overvalued
Expensive
Overvalued
 12.77 12.57 10.71
+1.28 σ
+2.07 σ
+1.84 σ
 +4.61% 29 Apr
EWM Malaysia 15.33
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.17 σ
+0.31 σ
+0.77 σ
 +8.36% 29 Apr
THD Thailand 15.23
Undervalued
Undervalued
Fair
 17.35 17.45 15.87
-1.01 σ
-1.11 σ
-0.27 σ
 +10.98% 29 Apr
EDEN Denmark 14.99
Fair
Undervalued
Fair
 16.46 18.10 16.56
-0.53 σ
-1.17 σ
-0.85 σ
 -3.01% 29 Apr
EWO Austria 14.36
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+2.98 σ
+2.56 σ
+2.75 σ
 +14.52% 29 Apr
EWP Spain 14.07
Expensive
Overvalued
Overvalued
 11.29 11.92 11.57
+2.23 σ
+1.68 σ
+1.64 σ
 +7.22% 29 Apr
EPU Perù 13.56
Fair
Fair
Fair
 12.12 12.86 12.31
+0.72 σ
+0.47 σ
+0.86 σ
 +11.67% 29 Apr
EWW Mexico 13.48
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.06 σ
-0.13 σ
-0.46 σ
 +8.17% 29 Apr
EWI Italy 13.32
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.53 σ
+1.24 σ
+1.36 σ
 +6.76% 29 Apr
EIRL Ireland 13.29
Fair
Undervalued
Undervalued
 14.97 15.57 16.17
-0.97 σ
-1.22 σ
-1.19 σ
 +2.82% 29 Apr
ECH Chile 13.24
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.26 σ
+0.03 σ
-0.73 σ
 +9.09% 29 Apr
EWZ Brazil 12.40
Expensive
Overvalued
Overvalued
 7.99 10.04 10.02
+3.37 σ
+1.23 σ
+1.64 σ
 +16.51% 29 Apr
EPOL Poland 11.81
Fair
Fair
Fair
 10.16 11.05 11.46
+0.79 σ
+0.55 σ
+0.29 σ
 +8.93% 29 Apr
COLO Colombia 10.98
Expensive
Fair
Fair
 7.21 9.46 12.38
+2.48 σ
+0.68 σ
-0.49 σ
 +6.21% 29 Apr
QAT Qatar 10.84
Undervalued
Undervalued
-
 12.91 13.39 -
-1.06 σ
-1.97 σ
-
 -2.05% 29 Apr
EIDO Indonesia 10.81
Undervalued
Cheap
Cheap
 12.83 14.14 13.67
-1.61 σ
-2.31 σ
-2.37 σ
 -15.03% 29 Apr
GREK Greece 9.91
Fair
Fair
Fair
 9.45 11.36 10.96
+0.24 σ
-0.74 σ
-0.48 σ
 +4.05% 29 Apr
FXI China 9.79
Fair
Undervalued
Fair
 10.16 11.17 11.02
-0.35 σ
-1.04 σ
-0.73 σ
 -6.04% 29 Apr
EZA South Africa 9.08
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.93 σ
-1.56 σ
-1.69 σ
 +0.19% 29 Apr
EPHE Philippines 8.43
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.66 σ
-2.43 σ
-3.07 σ
 -5.76% 29 Apr
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).