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 29.50
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.59 σ
+0.54 σ
+1.49 σ
 -3.60% 12:45 PM
VTI United States 25.69
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.28 σ
+2.04 σ
+3.14 σ
 +0.06% 01:00 PM
EWT Taiwan 23.70
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.31 σ
+4.87 σ
+5.76 σ
 +12.36% 12:59 PM
EWL Switzerland 22.65
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.27 σ
+2.47 σ
+3.10 σ
 -0.23% 12:59 PM
EWA Australia 22.25
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.08 σ
+3.26 σ
+4.47 σ
 +4.01% 12:59 PM
EWY South Korea 21.15
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.32 σ
+10.07 σ
+11.83 σ
 +43.04% 01:00 PM
EWH Hong Kong 20.13
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.04 σ
+5.22 σ
+4.88 σ
 +5.29% 12:59 PM
EWQ France 19.52
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.52 σ
+2.38 σ
+2.96 σ
 -2.84% 12:59 PM
EWC Canada 19.51
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.48 σ
+2.71 σ
+4.22 σ
 +6.07% 01:00 PM
EWU United Kingdom 19.28
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.11 σ
+3.33 σ
+4.27 σ
 +5.19% 12:59 PM
EWJ Japan 19.06
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.95 σ
+3.37 σ
+2.93 σ
 +2.99% 01:00 PM
EWK Belgium 18.97
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.04 σ
+1.05 σ
+1.56 σ
 +0.52% 12:43 PM
EWN Netherlands 18.43
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.21 σ
+0.75 σ
+1.71 σ
 +1.00% 12:58 PM
EWG Germany 17.80
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.63 σ
+2.73 σ
+4.00 σ
 -6.12% 12:59 PM
EIS Israel 17.41
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.83 σ
+4.70 σ
+4.21 σ
 +17.65% 12:44 PM
EWD Sweden 17.39
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.40 σ
+0.80 σ
+1.59 σ
 -0.28% 12:44 PM
EWS Singapore 16.88
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.21 σ
+3.48 σ
+3.68 σ
 +1.62% 12:59 PM
ARGT Argentina 16.72
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.08 σ
+3.20 σ
+2.41 σ
 +2.05% 12:59 PM
EWM Malaysia 16.06
Expensive
Overvalued
Overvalued
 14.36 15.09 14.71
+2.17 σ
+1.28 σ
+1.71 σ
 +11.74% 12:49 PM
EPU Perù 16.00
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.01 σ
+2.19 σ
+2.56 σ
 +17.28% 12:52 PM
NORW Norway 15.99
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.70 σ
+1.82 σ
+2.74 σ
 +22.81% 12:59 PM
EZA South Africa 15.88
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+3.04 σ
+1.92 σ
+2.38 σ
 +0.50% 12:58 PM
EWP Spain 15.52
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.40 σ
+2.91 σ
+2.62 σ
 +5.39% 12:57 PM
VNM Vietnam 15.43
Fair
Fair
-
 15.52 16.63 -
-0.04 σ
-0.40 σ
-
 -2.50% 12:59 PM
EDEN Denmark 15.29
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.45 σ
-1.08 σ
-0.69 σ
 -10.17% 12:28 PM
EWO Austria 15.06
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.45 σ
+2.97 σ
+3.18 σ
 +5.86% 12:44 PM
ECH Chile 14.84
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.91 σ
+0.60 σ
+0.15 σ
 +8.47% 12:58 PM
THD Thailand 14.83
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.21 σ
-1.33 σ
-0.42 σ
 +9.34% 12:54 PM
EWW Mexico 14.55
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.24 σ
+0.59 σ
+0.16 σ
 +5.99% 12:59 PM
EIRL Ireland 14.45
Fair
Fair
Fair
 15.09 15.59 16.16
-0.34 σ
-0.61 σ
-0.71 σ
 -2.71% 12:55 PM
TUR Turkey 14.08
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.14 σ
+6.30 σ
+3.79 σ
 +10.20% 12:48 PM
EWI Italy 13.43
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.59 σ
+1.35 σ
+1.43 σ
 +0.18% 12:58 PM
EPOL Poland 13.39
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.55 σ
+1.71 σ
+1.58 σ
 +4.00% 01:00 PM
EWZ Brazil 13.29
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.21 σ
+1.73 σ
+2.27 σ
 +14.53% 12:59 PM
INDA India 12.40
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.66 σ
-3.41 σ
-1.98 σ
 -10.79% 12:59 PM
QAT Qatar 11.91
Fair
Undervalued
-
 13.01 13.38 -
-0.54 σ
-1.13 σ
-
 -4.60% 12:51 PM
EIDO Indonesia 11.75
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.88 σ
-1.69 σ
-1.58 σ
 -14.88% 12:59 PM
GREK Greece 11.70
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.15 σ
+0.18 σ
+0.33 σ
 -2.84% 12:56 PM
COLO Colombia 11.36
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.73 σ
+0.86 σ
-0.36 σ
 +7.53% 12:59 PM
FXI China 10.37
Fair
Fair
Fair
 10.21 11.17 11.02
+0.14 σ
-0.59 σ
-0.39 σ
 -6.63% 12:59 PM
EPHE Philippines 10.10
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.02 σ
-1.85 σ
-2.34 σ
 -4.38% 12:45 PM
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).