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 28.53
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.35 σ
+0.30 σ
+1.32 σ
 -7.09% 27 Mar
VTI United States 25.95
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.38 σ
+2.13 σ
+3.23 σ
 -3.98% 27 Mar
EWT Taiwan 23.08
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.04 σ
+4.52 σ
+5.39 σ
 +8.10% 27 Mar
EWL Switzerland 22.63
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.26 σ
+2.46 σ
+3.09 σ
 -0.89% 27 Mar
EWA Australia 21.69
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.85 σ
+2.94 σ
+4.14 σ
 +0.78% 27 Mar
EWH Hong Kong 19.83
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.78 σ
+4.90 σ
+4.58 σ
 +2.85% 27 Mar
EWC Canada 19.43
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.45 σ
+2.65 σ
+4.15 σ
 +4.64% 27 Mar
EWY South Korea 19.36
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+7.76 σ
+8.42 σ
+9.94 σ
 +27.95% 27 Mar
EWQ France 19.13
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.32 σ
+2.16 σ
+2.77 σ
 -5.17% 27 Mar
EWU United Kingdom 18.95
Overvalued
Expensive
Expensive
 13.24 13.38 12.32
+2.00 σ
+3.15 σ
+4.07 σ
 +2.65% 27 Mar
EWK Belgium 18.67
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.93 σ
+0.90 σ
+1.45 σ
 -1.67% 27 Mar
EWJ Japan 18.66
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.68 σ
+3.09 σ
+2.68 σ
 +0.07% 27 Mar
EWN Netherlands 17.92
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.00 σ
+0.49 σ
+1.50 σ
 -2.42% 27 Mar
EWG Germany 17.29
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.40 σ
+2.39 σ
+3.62 σ
 -9.05% 27 Mar
EWD Sweden 17.03
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.25 σ
+0.57 σ
+1.37 σ
 -2.90% 27 Mar
ARGT Argentina 16.83
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.14 σ
+3.29 σ
+2.46 σ
 +2.18% 27 Mar
EWS Singapore 16.57
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+2.00 σ
+3.18 σ
+3.36 σ
 -0.88% 27 Mar
EIS Israel 16.33
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.27 σ
+3.86 σ
+3.50 σ
 +8.80% 27 Mar
EPU Perù 16.20
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.11 σ
+2.33 σ
+2.70 σ
 +16.74% 27 Mar
EZA South Africa 15.88
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+3.04 σ
+1.92 σ
+2.38 σ
 -0.38% 27 Mar
EWM Malaysia 15.60
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.58 σ
+0.67 σ
+1.12 σ
 +7.45% 27 Mar
NORW Norway 15.46
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.42 σ
+1.53 σ
+2.41 σ
 +17.39% 27 Mar
EWP Spain 15.33
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.25 σ
+2.76 σ
+2.49 σ
 +3.10% 27 Mar
VNM Vietnam 15.26
Fair
Fair
-
 15.52 16.63 -
-0.10 σ
-0.45 σ
-
 -4.44% 27 Mar
EDEN Denmark 15.22
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.47 σ
-1.10 σ
-0.72 σ
 -10.60% 27 Mar
THD Thailand 15.05
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.11 σ
-1.22 σ
-0.33 σ
 +9.76% 27 Mar
EWO Austria 15.00
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.41 σ
+2.94 σ
+3.14 σ
 +4.43% 27 Mar
EWW Mexico 14.74
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.46 σ
+0.72 σ
+0.27 σ
 +6.37% 27 Mar
ECH Chile 14.74
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.86 σ
+0.57 σ
+0.09 σ
 +6.62% 27 Mar
EIRL Ireland 14.33
Fair
Fair
Fair
 15.09 15.59 16.16
-0.40 σ
-0.68 σ
-0.76 σ
 -4.01% 27 Mar
TUR Turkey 13.73
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+3.96 σ
+6.01 σ
+3.58 σ
 +6.40% 27 Mar
EWZ Brazil 13.51
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.38 σ
+1.84 σ
+2.42 σ
 +14.90% 27 Mar
EWI Italy 13.24
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.48 σ
+1.21 σ
+1.31 σ
 -1.93% 27 Mar
EPOL Poland 13.20
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.46 σ
+1.57 σ
+1.42 σ
 +1.62% 27 Mar
INDA India 12.01
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-8.98 σ
-3.57 σ
-2.12 σ
 -13.67% 27 Mar
EIDO Indonesia 11.88
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.79 σ
-1.61 σ
-1.47 σ
 -13.96% 27 Mar
QAT Qatar 11.81
Fair
Undervalued
-
 13.01 13.38 -
-0.60 σ
-1.21 σ
-
 -5.83% 27 Mar
COLO Colombia 11.66
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.93 σ
+0.99 σ
-0.26 σ
 +9.09% 27 Mar
GREK Greece 11.45
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.02 σ
+0.05 σ
+0.22 σ
 -5.60% 27 Mar
FXI China 10.04
Fair
Fair
Fair
 10.21 11.17 11.02
-0.15 σ
-0.84 σ
-0.58 σ
 -9.94% 27 Mar
EPHE Philippines 9.98
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.06 σ
-1.90 σ
-2.39 σ
 -5.65% 27 Mar
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).