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
 26.98 27.41 21.39
-0.04 σ
-0.15 σ
+0.98 σ
 -3.21% 18 May
VTI United States 25.89
Overvalued
Overvalued
Expensive
 22.71 20.15 16.80
+1.25 σ
+1.99 σ
+3.09 σ
 +8.66% 18 May
EWT Taiwan 23.93
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.15 σ
+4.78 σ
+5.68 σ
 +33.07% 18 May
INDA India 22.85
Fair
Fair
Overvalued
 23.07 20.77 18.01
-0.18 σ
+0.86 σ
+1.69 σ
 -8.09% 18 May
EWL Switzerland 22.85
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.24 σ
+2.41 σ
+3.07 σ
 +5.58% 18 May
EWA Australia 20.55
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.28 σ
+2.14 σ
+3.29 σ
 +4.70% 18 May
EWY South Korea 19.54
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.33 σ
+8.02 σ
+9.84 σ
 +61.28% 18 May
EWC Canada 19.46
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.33 σ
+2.44 σ
+4.03 σ
 +8.19% 18 May
EWN Netherlands 18.49
Fair
Fair
Overvalued
 17.66 17.02 14.40
+0.39 σ
+0.76 σ
+1.70 σ
 +9.25% 18 May
EWH Hong Kong 18.35
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.45 σ
+3.12 σ
+3.05 σ
 +7.11% 18 May
EWK Belgium 18.21
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.79 σ
+0.69 σ
+1.24 σ
 +7.14% 18 May
EWJ Japan 18.21
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.35 σ
+2.64 σ
+2.41 σ
 +8.20% 18 May
EWQ France 18.08
Fair
Overvalued
Expensive
 16.58 15.52 13.45
+0.76 σ
+1.47 σ
+2.19 σ
 +0.59% 18 May
EWG Germany 18.05
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.65 σ
+2.69 σ
+4.04 σ
 +1.19% 18 May
EWU United Kingdom 18.05
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.52 σ
+2.53 σ
+3.42 σ
 +5.51% 18 May
NORW Norway 16.95
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.19 σ
+2.31 σ
+3.27 σ
 +20.71% 18 May
EIS Israel 16.76
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.39 σ
+4.00 σ
+3.79 σ
 +16.68% 18 May
VNM Vietnam 16.62
Fair
Fair
-
 15.32 16.73 -
+0.56 σ
-0.04 σ
-
 +6.02% 18 May
EDEN Denmark 16.26
Fair
Fair
Fair
 16.28 18.06 16.55
-0.01 σ
-0.67 σ
-0.16 σ
 +0.07% 18 May
EWS Singapore 16.24
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.62 σ
+2.69 σ
+2.96 σ
 +3.24% 18 May
THD Thailand 16.19
Fair
Fair
Fair
 17.23 17.41 15.89
-0.51 σ
-0.61 σ
+0.12 σ
 +13.47% 18 May
EWD Sweden 15.55
Fair
Fair
Fair
 16.33 16.19 14.90
-0.35 σ
-0.41 σ
+0.41 σ
 +2.27% 18 May
TUR Turkey 15.48
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.86 σ
+7.19 σ
+4.64 σ
 +9.50% 18 May
ARGT Argentina 15.31
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.19 σ
+1.98 σ
+1.79 σ
 +3.37% 18 May
EWP Spain 15.13
Expensive
Expensive
Expensive
 11.29 11.94 11.58
+3.08 σ
+2.45 σ
+2.31 σ
 +7.47% 18 May
EWM Malaysia 15.03
Fair
Fair
Fair
 14.43 15.09 14.73
+0.75 σ
-0.08 σ
+0.38 σ
 +7.59% 18 May
EWI Italy 14.51
Expensive
Expensive
Expensive
 10.61 11.46 11.17
+2.20 σ
+2.03 σ
+2.10 σ
 +8.72% 18 May
EIRL Ireland 14.43
Fair
Fair
Fair
 14.83 15.54 16.17
-0.26 σ
-0.59 σ
-0.72 σ
 +4.15% 18 May
EWO Austria 14.17
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.78 σ
+2.44 σ
+2.63 σ
 +14.14% 18 May
EPU Perù 13.54
Fair
Fair
Fair
 12.13 12.84 12.31
+0.71 σ
+0.48 σ
+0.86 σ
 +12.10% 18 May
EWW Mexico 12.91
Fair
Fair
Fair
 12.53 13.63 14.27
+0.43 σ
-0.50 σ
-0.78 σ
 +9.87% 18 May
ECH Chile 12.73
Overvalued
Fair
Undervalued
 10.12 13.15 14.55
+1.07 σ
-0.15 σ
-1.00 σ
 +3.81% 18 May
EPOL Poland 12.55
Overvalued
Overvalued
Fair
 10.13 11.05 11.45
+1.17 σ
+1.09 σ
+0.90 σ
 +12.46% 18 May
EWZ Brazil 11.98
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+2.96 σ
+1.01 σ
+1.33 σ
 +8.34% 18 May
QAT Qatar 11.19
Fair
Undervalued
-
 12.78 13.38 -
-0.85 σ
-1.67 σ
-
 -3.82% 18 May
COLO Colombia 11.01
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.50 σ
+0.71 σ
-0.47 σ
 -0.47% 18 May
GREK Greece 10.61
Fair
Fair
Fair
 9.40 11.35 10.93
+0.65 σ
-0.38 σ
-0.15 σ
 +4.40% 18 May
EIDO Indonesia 10.33
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.95 σ
-2.58 σ
-2.77 σ
 -20.20% 18 May
FXI China 9.82
Fair
Undervalued
Fair
 10.10 11.17 11.00
-0.28 σ
-1.01 σ
-0.70 σ
 -6.32% 18 May
EZA South Africa 9.57
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.64 σ
-1.28 σ
-1.38 σ
 +0.72% 18 May
EPHE Philippines 8.20
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.70 σ
-2.46 σ
-3.14 σ
 -3.61% 18 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).