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 28.86
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.43 σ
+0.38 σ
+1.38 σ
 -6.11% 20 Mar
VTI United States 25.40
Overvalued
Overvalued
Expensive
 22.55 19.97 16.71
+1.16 σ
+1.94 σ
+3.04 σ
 -1.59% 20 Mar
EWT Taiwan 23.16
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.08 σ
+4.57 σ
+5.44 σ
 +9.06% 20 Mar
EWL Switzerland 22.36
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.15 σ
+2.31 σ
+2.97 σ
 -1.99% 20 Mar
EWA Australia 21.76
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.88 σ
+2.98 σ
+4.18 σ
 +1.20% 20 Mar
EWY South Korea 20.13
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.43 σ
+9.13 σ
+10.75 σ
 +34.75% 20 Mar
EWH Hong Kong 19.78
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.74 σ
+4.84 σ
+4.53 σ
 +2.85% 20 Mar
EWC Canada 19.28
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.39 σ
+2.56 σ
+4.03 σ
 +4.18% 20 Mar
EWQ France 19.05
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.28 σ
+2.11 σ
+2.73 σ
 -5.62% 20 Mar
EWU United Kingdom 18.84
Overvalued
Expensive
Expensive
 13.24 13.38 12.32
+1.96 σ
+3.08 σ
+4.00 σ
 +2.23% 20 Mar
EWJ Japan 18.61
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.64 σ
+3.05 σ
+2.65 σ
 +0.03% 20 Mar
EWK Belgium 18.48
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.86 σ
+0.81 σ
+1.38 σ
 -2.55% 20 Mar
EWN Netherlands 18.13
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.08 σ
+0.60 σ
+1.59 σ
 -1.18% 20 Mar
EWG Germany 17.34
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.42 σ
+2.42 σ
+3.66 σ
 -8.91% 20 Mar
EIS Israel 17.23
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.73 σ
+4.55 σ
+4.09 σ
 +15.51% 20 Mar
EWD Sweden 17.00
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.24 σ
+0.55 σ
+1.35 σ
 -3.01% 20 Mar
ARGT Argentina 16.47
Overvalued
Expensive
Expensive
 12.65 12.50 10.68
+1.96 σ
+3.01 σ
+2.31 σ
 +0.02% 20 Mar
EWS Singapore 16.44
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.90 σ
+3.05 σ
+3.22 σ
 -1.56% 20 Mar
EWM Malaysia 15.88
Overvalued
Overvalued
Overvalued
 14.36 15.09 14.71
+1.94 σ
+1.04 σ
+1.48 σ
 +9.75% 20 Mar
NORW Norway 15.75
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.57 σ
+1.69 σ
+2.59 σ
 +20.04% 20 Mar
EPU Perù 15.69
Overvalued
Overvalued
Expensive
 12.09 12.83 12.31
+1.85 σ
+1.98 σ
+2.34 σ
 +14.09% 20 Mar
EZA South Africa 15.48
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+2.80 σ
+1.71 σ
+2.13 σ
 -2.62% 20 Mar
EWP Spain 15.24
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.17 σ
+2.68 σ
+2.43 σ
 +2.84% 20 Mar
EDEN Denmark 15.08
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.52 σ
-1.16 σ
-0.80 σ
 -11.72% 20 Mar
VNM Vietnam 15.00
Fair
Fair
-
 15.52 16.63 -
-0.21 σ
-0.54 σ
-
 -5.76% 20 Mar
THD Thailand 14.84
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.21 σ
-1.32 σ
-0.41 σ
 +8.69% 20 Mar
EWO Austria 14.74
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.28 σ
+2.79 σ
+2.98 σ
 +2.96% 20 Mar
ECH Chile 14.43
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.74 σ
+0.45 σ
-0.08 σ
 +4.77% 20 Mar
EWW Mexico 14.28
Overvalued
Fair
Fair
 12.52 13.67 14.27
+1.95 σ
+0.41 σ
+0.01 σ
 +3.44% 20 Mar
EIRL Ireland 14.16
Fair
Fair
Fair
 15.09 15.59 16.16
-0.49 σ
-0.77 σ
-0.83 σ
 -5.10% 20 Mar
TUR Turkey 14.01
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.10 σ
+6.24 σ
+3.75 σ
 +8.97% 20 Mar
EPOL Poland 13.16
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.44 σ
+1.54 σ
+1.39 σ
 +1.63% 20 Mar
EWI Italy 13.13
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.42 σ
+1.14 σ
+1.24 σ
 -2.55% 20 Mar
EWZ Brazil 12.93
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+3.92 σ
+1.54 σ
+2.02 σ
 +10.64% 20 Mar
INDA India 12.21
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-8.82 σ
-3.48 σ
-2.05 σ
 -12.49% 20 Mar
QAT Qatar 11.89
Fair
Undervalued
-
 13.01 13.38 -
-0.55 σ
-1.15 σ
-
 -5.21% 20 Mar
EIDO Indonesia 11.67
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.95 σ
-1.75 σ
-1.65 σ
 -15.75% 20 Mar
GREK Greece 11.61
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.10 σ
+0.13 σ
+0.29 σ
 -4.08% 20 Mar
COLO Colombia 11.39
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.75 σ
+0.87 σ
-0.35 σ
 +7.11% 20 Mar
FXI China 10.13
Fair
Fair
Fair
 10.21 11.17 11.02
-0.07 σ
-0.77 σ
-0.53 σ
 -9.21% 20 Mar
EPHE Philippines 9.94
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.08 σ
-1.91 σ
-2.41 σ
 -6.31% 20 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).