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 27.13
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.54 σ
+5.94 σ
+6.99 σ
 +29.37% 18 Sep
ENZL New Zealand 25.02
Fair
Fair
Fair
 26.84 27.52 21.67
-0.47 σ
-0.63 σ
+0.61 σ
 -0.43% 18 Sep
VTI United States 24.53
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.54 σ
+1.33 σ
+2.41 σ
 +6.25% 18 Sep
EWL Switzerland 23.44
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.24 σ
+2.34 σ
+3.11 σ
 -2.42% 18 Sep
INDA India 21.80
Undervalued
Fair
Overvalued
 23.11 21.00 18.17
-1.04 σ
+0.34 σ
+1.24 σ
 -4.26% 18 Sep
EWA Australia 20.03
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.88 σ
+1.63 σ
+2.73 σ
 +0.78% 18 Sep
EWC Canada 18.92
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.91 σ
+1.84 σ
+3.31 σ
 +4.88% 18 Sep
EWJ Japan 18.86
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.39 σ
+2.78 σ
+2.76 σ
 +8.14% 18 Sep
EWN Netherlands 18.39
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.59 σ
+0.58 σ
+1.54 σ
 +4.92% 18 Sep
EWS Singapore 18.24
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.48 σ
+4.06 σ
+4.75 σ
 +10.45% 18 Sep
EWG Germany 17.67
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.25 σ
+2.09 σ
+3.48 σ
 -0.51% 18 Sep
EIS Israel 17.67
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.35 σ
+4.22 σ
+4.28 σ
 +2.38% 18 Sep
EWQ France 17.10
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.22 σ
+0.78 σ
+1.61 σ
 -3.81% 18 Sep
EWU United Kingdom 16.62
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.86 σ
+1.59 σ
+2.41 σ
 +1.67% 18 Sep
EDEN Denmark 16.23
Fair
Fair
Fair
 15.88 17.96 16.59
+0.17 σ
-0.64 σ
-0.20 σ
 +1.66% 18 Sep
EWP Spain 15.72
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.37 σ
+2.56 σ
+2.57 σ
 +5.86% 18 Sep
EIRL Ireland 15.37
Fair
Fair
Fair
 14.55 15.53 16.23
+0.90 σ
-0.08 σ
-0.36 σ
 +8.72% 18 Sep
EWK Belgium 14.90
Fair
Undervalued
Fair
 15.96 16.82 15.08
-0.42 σ
-1.01 σ
-0.07 σ
 +3.08% 18 Sep
ARGT Argentina 14.84
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.76 σ
+1.40 σ
+1.54 σ
 -0.33% 18 Sep
EWI Italy 14.80
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.18 σ
+2.08 σ
+2.22 σ
 +4.09% 18 Sep
EWD Sweden 14.39
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.80 σ
-1.19 σ
-0.37 σ
 -0.47% 18 Sep
THD Thailand 14.29
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.40 σ
-1.56 σ
-0.73 σ
 +4.67% 18 Sep
VNM Vietnam 13.84
Fair
Undervalued
-
 15.01 16.91 -
-0.59 σ
-1.14 σ
-
 -3.19% 18 Sep
NORW Norway 13.29
Overvalued
Fair
Fair
 10.78 12.68 11.67
+1.31 σ
+0.32 σ
+0.97 σ
 +5.64% 18 Sep
EPOL Poland 13.26
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.52 σ
+1.53 σ
+1.44 σ
 +13.85% 18 Sep
TUR Turkey 13.12
Overvalued
Expensive
Expensive
 7.11 6.56 7.99
+1.93 σ
+4.38 σ
+3.09 σ
 -5.01% 18 Sep
EWH Hong Kong 13.07
Undervalued
Cheap
Cheap
 15.51 15.46 15.28
-1.97 σ
-2.31 σ
-2.08 σ
 -1.22% 18 Sep
EWO Austria 12.96
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.69 σ
+1.63 σ
+1.84 σ
 +9.67% 18 Sep
EWW Mexico 12.14
Fair
Undervalued
Undervalued
 12.39 13.46 14.26
-0.34 σ
-1.03 σ
-1.23 σ
 -3.04% 18 Sep
ECH Chile 11.77
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.73 σ
-0.48 σ
-1.50 σ
 -4.02% 18 Sep
GREK Greece 11.56
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.25 σ
+0.12 σ
+0.30 σ
 +16.08% 18 Sep
QAT Qatar 10.99
Fair
Undervalued
-
 12.31 13.33 -
-0.89 σ
-1.71 σ
-
 -8.99% 18 Sep
COLO Colombia 10.52
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.01 σ
+0.49 σ
-0.63 σ
 +18.32% 18 Sep
EWZ Brazil 10.39
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.32 σ
+0.16 σ
+0.18 σ
 +3.70% 18 Sep
EWY South Korea 9.99
Fair
Fair
Fair
 10.85 10.40 9.99
-0.45 σ
-0.31 σ
+0.01 σ
 +19.60% 18 Sep
EIDO Indonesia 9.43
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.64 σ
-2.94 σ
-3.49 σ
 -17.47% 18 Sep
FXI China 8.96
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.15 σ
-1.56 σ
-1.18 σ
 -5.95% 18 Sep
EPU Perù 8.94
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.66 σ
-2.65 σ
-2.46 σ
 +8.42% 18 Sep
EZA South Africa 8.90
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.98 σ
-1.52 σ
-1.74 σ
 -1.10% 18 Sep
EWM Malaysia 7.69
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.41 σ
-9.22 σ
-9.21 σ
 -3.80% 18 Sep
EPHE Philippines 7.64
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.88 σ
-2.46 σ
-3.28 σ
 -7.71% 18 Sep
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).