Global P/E Ratios by Country
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
Swipe left to see all data
|
P/E Evaluation
|
Historical P/E Average
|
P/E Deviation vs Avg
|
Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | ||
|
|
VTI | United States | 28.83 |
Expensive
|
Expensive
|
Expensive
|
22.65 | 20.07 | 16.76 |
+2.45 σ
|
+3.08 σ
|
+4.16 σ
|
+5.76% | 21 Apr |
|
|
ENZL | New Zealand | 27.32 |
Fair
|
Fair
|
Overvalued
|
27.07 | 27.37 | 21.33 |
+0.06 σ
|
-0.01 σ
|
+1.09 σ
|
-3.59% | 21 Apr |
|
|
EWT | Taiwan | 22.79 |
Expensive
|
Expensive
|
Expensive
|
16.05 | 15.08 | 14.09 |
+2.80 σ
|
+4.26 σ
|
+5.11 σ
|
+26.82% | 21 Apr |
|
|
EWL | Switzerland | 22.32 |
Overvalued
|
Expensive
|
Expensive
|
19.81 | 18.31 | 15.86 |
+1.06 σ
|
+2.20 σ
|
+2.90 σ
|
+4.93% | 21 Apr |
|
|
INDA | India | 21.52 |
Undervalued
|
Fair
|
Overvalued
|
23.07 | 20.73 | 18.00 |
-1.21 σ
|
+0.32 σ
|
+1.23 σ
|
-5.28% | 21 Apr |
|
|
EWA | Australia | 20.27 |
Overvalued
|
Expensive
|
Expensive
|
17.27 | 16.59 | 14.88 |
+1.21 σ
|
+2.06 σ
|
+3.20 σ
|
+8.22% | 21 Apr |
|
|
EWC | Canada | 19.29 |
Overvalued
|
Expensive
|
Expensive
|
15.91 | 15.34 | 14.42 |
+1.33 σ
|
+2.44 σ
|
+3.97 σ
|
+10.93% | 21 Apr |
|
|
EWK | Belgium | 17.82 |
Fair
|
Fair
|
Overvalued
|
16.14 | 16.89 | 14.92 |
+0.62 σ
|
+0.47 σ
|
+1.10 σ
|
+5.94% | 21 Apr |
|
|
EWN | Netherlands | 17.80 |
Fair
|
Fair
|
Overvalued
|
17.80 | 17.00 | 14.37 |
-0.00 σ
|
+0.41 σ
|
+1.43 σ
|
+9.45% | 21 Apr |
|
|
EWH | Hong Kong | 17.61 |
Overvalued
|
Expensive
|
Expensive
|
15.46 | 15.32 | 15.24 |
+1.86 σ
|
+2.44 σ
|
+2.34 σ
|
+5.56% | 21 Apr |
|
|
EWU | United Kingdom | 17.60 |
Overvalued
|
Expensive
|
Expensive
|
13.35 | 13.40 | 12.34 |
+1.43 σ
|
+2.33 σ
|
+3.20 σ
|
+7.73% | 21 Apr |
|
|
EWQ | France | 17.54 |
Fair
|
Overvalued
|
Overvalued
|
16.58 | 15.49 | 13.42 |
+0.49 σ
|
+1.18 σ
|
+1.97 σ
|
+2.23% | 21 Apr |
|
|
EWD | Sweden | 17.41 |
Fair
|
Fair
|
Overvalued
|
16.40 | 16.18 | 14.89 |
+0.44 σ
|
+0.79 σ
|
+1.58 σ
|
+8.66% | 21 Apr |
|
|
EIS | Israel | 17.37 |
Expensive
|
Expensive
|
Expensive
|
11.92 | 11.39 | 10.98 |
+2.76 σ
|
+4.56 σ
|
+4.19 σ
|
+17.78% | 21 Apr |
|
|
NORW | Norway | 17.10 |
Expensive
|
Expensive
|
Expensive
|
10.79 | 12.65 | 11.60 |
+3.27 σ
|
+2.40 σ
|
+3.39 σ
|
+19.93% | 21 Apr |
|
|
EWG | Germany | 16.93 |
Overvalued
|
Expensive
|
Expensive
|
14.24 | 13.74 | 12.48 |
+1.18 σ
|
+2.05 σ
|
+3.29 σ
|
+0.49% | 21 Apr |
|
|
EWY | South Korea | 16.91 |
Expensive
|
Expensive
|
Expensive
|
10.45 | 10.24 | 9.92 |
+5.57 σ
|
+5.96 σ
|
+7.26 σ
|
+46.92% | 21 Apr |
|
|
EWJ | Japan | 16.87 |
Overvalued
|
Overvalued
|
Overvalued
|
14.84 | 14.34 | 14.43 |
+1.42 σ
|
+1.76 σ
|
+1.55 σ
|
+5.65% | 21 Apr |
|
|
ARGT | Argentina | 15.94 |
Overvalued
|
Expensive
|
Expensive
|
12.77 | 12.57 | 10.71 |
+1.55 σ
|
+2.50 σ
|
+2.06 σ
|
+8.83% | 21 Apr |
|
|
EWS | Singapore | 15.84 |
Overvalued
|
Expensive
|
Expensive
|
13.74 | 13.32 | 13.39 |
+1.40 σ
|
+2.40 σ
|
+2.56 σ
|
+2.85% | 21 Apr |
|
|
TUR | Turkey | 15.81 |
Expensive
|
Expensive
|
Expensive
|
6.21 | 6.45 | 7.94 |
+4.49 σ
|
+7.56 σ
|
+4.86 σ
|
+17.12% | 21 Apr |
|
|
VNM | Vietnam | 15.59 |
Fair
|
Fair
|
-
|
15.43 | 16.68 | - |
+0.07 σ
|
-0.37 σ
|
-
|
+5.58% | 21 Apr |
|
|
THD | Thailand | 15.32 |
Fair
|
Undervalued
|
Fair
|
17.35 | 17.45 | 15.87 |
-0.96 σ
|
-1.07 σ
|
-0.23 σ
|
+12.61% | 21 Apr |
|
|
EDEN | Denmark | 15.26 |
Fair
|
Undervalued
|
Fair
|
16.46 | 18.10 | 16.56 |
-0.43 σ
|
-1.07 σ
|
-0.71 σ
|
-1.46% | 21 Apr |
|
|
EWM | Malaysia | 15.21 |
Overvalued
|
Fair
|
Fair
|
14.40 | 15.09 | 14.72 |
+1.02 σ
|
+0.15 σ
|
+0.62 σ
|
+8.15% | 21 Apr |
|
|
EWO | Austria | 14.45 |
Expensive
|
Expensive
|
Expensive
|
8.38 | 9.64 | 9.95 |
+3.02 σ
|
+2.60 σ
|
+2.80 σ
|
+16.11% | 21 Apr |
|
|
EWP | Spain | 14.39 |
Expensive
|
Overvalued
|
Overvalued
|
11.29 | 11.92 | 11.57 |
+2.49 σ
|
+1.93 σ
|
+1.85 σ
|
+10.39% | 21 Apr |
|
|
EPU | Perù | 14.34 |
Overvalued
|
Fair
|
Overvalued
|
12.12 | 12.86 | 12.31 |
+1.10 σ
|
+1.00 σ
|
+1.41 σ
|
+19.72% | 21 Apr |
|
|
EWW | Mexico | 13.94 |
Overvalued
|
Fair
|
Fair
|
12.52 | 13.66 | 14.28 |
+1.57 σ
|
+0.19 σ
|
-0.19 σ
|
+12.71% | 21 Apr |
|
|
ECH | Chile | 13.73 |
Overvalued
|
Fair
|
Fair
|
10.14 | 13.17 | 14.56 |
+1.46 σ
|
+0.20 σ
|
-0.46 σ
|
+14.19% | 21 Apr |
|
|
EWI | Italy | 13.49 |
Overvalued
|
Overvalued
|
Overvalued
|
10.61 | 11.46 | 11.16 |
+1.62 σ
|
+1.35 σ
|
+1.46 σ
|
+8.62% | 21 Apr |
|
|
EIRL | Ireland | 13.41 |
Fair
|
Undervalued
|
Undervalued
|
14.97 | 15.57 | 16.17 |
-0.90 σ
|
-1.16 σ
|
-1.14 σ
|
+3.94% | 21 Apr |
|
|
EWZ | Brazil | 13.08 |
Expensive
|
Overvalued
|
Expensive
|
7.99 | 10.04 | 10.02 |
+3.90 σ
|
+1.59 σ
|
+2.11 σ
|
+24.29% | 21 Apr |
|
|
EPOL | Poland | 12.26 |
Overvalued
|
Fair
|
Fair
|
10.16 | 11.05 | 11.46 |
+1.00 σ
|
+0.87 σ
|
+0.65 σ
|
+13.63% | 21 Apr |
|
|
COLO | Colombia | 11.63 |
Expensive
|
Fair
|
Fair
|
7.21 | 9.46 | 12.38 |
+2.90 σ
|
+0.97 σ
|
-0.26 σ
|
+13.45% | 21 Apr |
|
|
EIDO | Indonesia | 11.60 |
Fair
|
Undervalued
|
Undervalued
|
12.83 | 14.14 | 13.67 |
-0.98 σ
|
-1.77 σ
|
-1.72 σ
|
-9.20% | 21 Apr |
|
|
QAT | Qatar | 10.97 |
Fair
|
Undervalued
|
-
|
12.91 | 13.39 | - |
-1.00 σ
|
-1.87 σ
|
-
|
-0.82% | 21 Apr |
|
|
GREK | Greece | 10.08 |
Fair
|
Fair
|
Fair
|
9.45 | 11.36 | 10.96 |
+0.33 σ
|
-0.65 σ
|
-0.40 σ
|
+6.26% | 21 Apr |
|
|
FXI | China | 9.99 |
Fair
|
Fair
|
Fair
|
10.16 | 11.17 | 11.02 |
-0.15 σ
|
-0.88 σ
|
-0.61 σ
|
-4.05% | 21 Apr |
|
|
EZA | South Africa | 9.71 |
Fair
|
Undervalued
|
Undervalued
|
10.75 | 12.13 | 11.93 |
-0.59 σ
|
-1.24 σ
|
-1.32 σ
|
+7.81% | 21 Apr |
|
|
EPHE | Philippines | 8.78 |
Undervalued
|
Cheap
|
Cheap
|
12.51 | 14.84 | 15.19 |
-1.52 σ
|
-2.30 σ
|
-2.91 σ
|
-2.13% | 21 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).