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)
EWT Taiwan 28.11
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.88 σ
+6.44 σ
+7.52 σ
 +33.67% 09:30 AM
ENZL New Zealand 25.19
Fair
Fair
Fair
 26.84 27.52 21.67
-0.43 σ
-0.59 σ
+0.64 σ
 +0.26% 09:30 AM
VTI United States 24.90
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.68 σ
+1.45 σ
+2.53 σ
 +7.78% 09:30 AM
EWL Switzerland 23.75
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.36 σ
+2.49 σ
+3.24 σ
 -1.17% 09:30 AM
INDA India 22.02
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.86 σ
+0.43 σ
+1.32 σ
 -3.26% 09:30 AM
EWA Australia 20.24
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.96 σ
+1.73 σ
+2.85 σ
 +1.77% 09:30 AM
EWJ Japan 19.05
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.51 σ
+2.91 σ
+2.88 σ
 +9.15% 09:30 AM
EWC Canada 18.99
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.93 σ
+1.88 σ
+3.36 σ
 +5.19% 09:30 AM
EWN Netherlands 18.64
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.74 σ
+0.71 σ
+1.64 σ
 +6.24% 09:30 AM
EWS Singapore 18.44
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.60 σ
+4.24 σ
+4.95 σ
 +11.62% 09:30 AM
EIS Israel 18.08
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.52 σ
+4.50 σ
+4.55 σ
 +4.64% 09:30 AM
EWG Germany 17.86
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.32 σ
+2.20 σ
+3.61 σ
 +0.54% 09:30 AM
EWQ France 17.30
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.32 σ
+0.89 σ
+1.70 σ
 -2.67% 09:30 AM
EWU United Kingdom 16.76
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.90 σ
+1.67 σ
+2.49 σ
 +2.49% 09:30 AM
EDEN Denmark 15.98
Fair
Fair
Fair
 15.88 17.96 16.59
+0.05 σ
-0.74 σ
-0.34 σ
 +0.09% 09:30 AM
EWP Spain 15.94
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.55 σ
+2.72 σ
+2.71 σ
 +7.28% 09:30 AM
EIRL Ireland 15.47
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.01 σ
-0.03 σ
-0.32 σ
 +9.35% 09:30 AM
EWI Italy 15.09
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.33 σ
+2.26 σ
+2.39 σ
 +6.04% 09:30 AM
EWK Belgium 15.02
Fair
Fair
Fair
 15.96 16.82 15.08
-0.37 σ
-0.94 σ
-0.03 σ
 +3.86% 09:30 AM
ARGT Argentina 14.83
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.76 σ
+1.39 σ
+1.53 σ
 -0.41% 09:30 AM
EWD Sweden 14.60
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.70 σ
-1.05 σ
-0.24 σ
 +0.89% 09:30 AM
THD Thailand 14.53
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.26 σ
-1.42 σ
-0.63 σ
 +6.38% 09:30 AM
VNM Vietnam 13.68
Fair
Undervalued
-
 15.01 16.91 -
-0.68 σ
-1.20 σ
-
 -4.34% 09:30 AM
EPOL Poland 13.63
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.70 σ
+1.79 σ
+1.74 σ
 +16.89% 09:30 AM
NORW Norway 13.31
Overvalued
Fair
Fair
 10.78 12.68 11.67
+1.32 σ
+0.33 σ
+0.98 σ
 +5.68% 09:30 AM
TUR Turkey 13.26
Overvalued
Expensive
Expensive
 7.11 6.56 7.99
+1.98 σ
+4.47 σ
+3.17 σ
 -4.09% 09:30 AM
EWH Hong Kong 13.25
Undervalued
Cheap
Undervalued
 15.51 15.46 15.28
-1.83 σ
-2.14 σ
-1.91 σ
 +0.11% 09:30 AM
EWO Austria 13.21
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.79 σ
+1.75 σ
+2.00 σ
 +11.62% 09:30 AM
EWW Mexico 12.20
Fair
Fair
Undervalued
 12.39 13.46 14.26
-0.26 σ
-0.98 σ
-1.19 σ
 -2.60% 09:30 AM
ECH Chile 11.88
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.78 σ
-0.44 σ
-1.44 σ
 -3.10% 09:30 AM
GREK Greece 11.68
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.32 σ
+0.18 σ
+0.36 σ
 +17.10% 09:30 AM
QAT Qatar 10.94
Fair
Undervalued
-
 12.31 13.33 -
-0.92 σ
-1.74 σ
-
 -9.30% 09:30 AM
COLO Colombia 10.56
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.04 σ
+0.51 σ
-0.61 σ
 +18.64% 09:30 AM
EWZ Brazil 10.54
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.42 σ
+0.24 σ
+0.28 σ
 +5.15% 09:30 AM
EWY South Korea 10.43
Fair
Fair
Fair
 10.85 10.40 9.99
-0.22 σ
+0.02 σ
+0.43 σ
 +24.41% 09:30 AM
EIDO Indonesia 9.35
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.71 σ
-2.99 σ
-3.55 σ
 -17.99% 09:30 AM
FXI China 9.12
Fair
Undervalued
Undervalued
 9.87 11.11 10.95
-0.96 σ
-1.44 σ
-1.09 σ
 -4.29% 09:30 AM
EPU Perù 8.98
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.64 σ
-2.62 σ
-2.44 σ
 +8.72% 09:30 AM
EZA South Africa 8.86
Undervalued
Undervalued
Undervalued
 10.69 11.86 11.89
-1.01 σ
-1.54 σ
-1.76 σ
 -1.54% 09:30 AM
EWM Malaysia 7.79
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.29 σ
-9.09 σ
-9.07 σ
 -2.55% 09:30 AM
EPHE Philippines 7.65
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.87 σ
-2.45 σ
-3.28 σ
 -7.52% 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).