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
It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.
A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.
Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.
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 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Country | Trend | P/E▾ | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | |||
|
New Zealand | ENZL | 27.34 |
Fair
|
Fair
|
Overvalued
|
27.16 | 25.39 | 19.67 |
+0.04 σ
|
+0.46 σ
|
+1.55 σ
|
26 Jul | |
|
United States | VTI | 25.02 |
Expensive
|
Expensive
|
Expensive
|
20.47 | 18.40 | 16.00 |
+2.44 σ
|
+3.36 σ
|
+4.30 σ
|
26 Jul | |
|
India | INDA | 24.11 |
Overvalued
|
Expensive
|
Expensive
|
21.77 | 19.34 | 17.07 |
+1.53 σ
|
+2.22 σ
|
+2.82 σ
|
26 Jul | |
|
Australia | EWA | 20.22 |
Expensive
|
Expensive
|
Expensive
|
16.20 | 15.59 | 14.46 |
+2.43 σ
|
+4.58 σ
|
+4.61 σ
|
26 Jul | |
|
Denmark | EDEN | 19.64 |
Fair
|
Fair
|
Overvalued
|
19.47 | 18.53 | 16.39 |
+0.04 σ
|
+0.47 σ
|
+1.80 σ
|
26 Jul | |
|
France | EWQ | 19.15 |
Expensive
|
Expensive
|
Expensive
|
15.46 | 14.68 | 12.95 |
+2.07 σ
|
+3.51 σ
|
+3.84 σ
|
26 Jul | |
|
Switzerland | EWL | 19.02 |
Fair
|
Overvalued
|
Overvalued
|
18.19 | 17.31 | 15.33 |
+0.64 σ
|
+1.63 σ
|
+1.99 σ
|
26 Jul | |
|
Taiwan | EWT | 18.51 |
Overvalued
|
Expensive
|
Expensive
|
15.25 | 13.99 | 13.48 |
+1.78 σ
|
+3.19 σ
|
+3.82 σ
|
26 Jul | |
|
Thailand | THD | 17.84 |
Fair
|
Fair
|
Fair
|
19.00 | 17.89 | 15.32 |
-0.59 σ
|
-0.02 σ
|
+0.89 σ
|
26 Jul | |
|
Canada | EWC | 17.55 |
Expensive
|
Expensive
|
Expensive
|
14.41 | 14.75 | 14.15 |
+2.53 σ
|
+2.77 σ
|
+3.52 σ
|
26 Jul | |
|
Ireland | EIRL | 16.80 |
Fair
|
Fair
|
Fair
|
16.76 | 16.16 | 16.07 |
+0.02 σ
|
+0.35 σ
|
+0.30 σ
|
26 Jul | |
|
Belgium | EWK | 16.71 |
Fair
|
Fair
|
Fair
|
15.94 | 16.87 | 14.32 |
+0.27 σ
|
-0.08 σ
|
+0.94 σ
|
26 Jul | |
|
Japan | EWJ | 16.42 |
Overvalued
|
Expensive
|
Overvalued
|
14.51 | 13.93 | 14.48 |
+1.25 σ
|
+2.24 σ
|
+1.23 σ
|
26 Jul | |
|
Netherlands | EWN | 16.28 |
Fair
|
Fair
|
Overvalued
|
18.92 | 16.70 | 13.89 |
-0.96 σ
|
-0.21 σ
|
+1.05 σ
|
26 Jul | |
|
Perù | EPU | 16.27 |
Expensive
|
Expensive
|
Expensive
|
11.87 | 12.54 | 12.48 |
+2.42 σ
|
+2.74 σ
|
+2.31 σ
|
26 Jul | |
|
United Kingdom | EWU | 16.01 |
Expensive
|
Expensive
|
Expensive
|
11.86 | 13.03 | 12.15 |
+3.14 σ
|
+2.25 σ
|
+2.68 σ
|
26 Jul | |
|
Vietnam | VNM | 15.26 |
Fair
|
-
|
-
|
16.53 | - | - |
-0.41 σ
|
-
|
-
|
26 Jul | |
|
Hong Kong | EWH | 14.95 |
Fair
|
Fair
|
Fair
|
15.13 | 15.03 | 15.18 |
-0.17 σ
|
-0.09 σ
|
-0.25 σ
|
26 Jul | |
|
Germany | EWG | 14.87 |
Overvalued
|
Expensive
|
Expensive
|
13.27 | 13.03 | 12.22 |
+1.08 σ
|
+2.04 σ
|
+2.53 σ
|
26 Jul | |
|
Sweden | EWD | 14.42 |
Fair
|
Undervalued
|
Fair
|
15.97 | 15.72 | 14.61 |
-0.86 σ
|
-1.14 σ
|
-0.13 σ
|
26 Jul | |
|
Argentina | ARGT | 12.84 |
Fair
|
Fair
|
Overvalued
|
11.85 | 11.37 | 10.27 |
+0.85 σ
|
+0.93 σ
|
+1.18 σ
|
26 Jul | |
|
Israel | EIS | 12.37 |
Fair
|
Overvalued
|
Fair
|
10.97 | 10.88 | 11.01 |
+0.89 σ
|
+1.72 σ
|
+0.86 σ
|
26 Jul | |
|
Mexico | EWW | 12.15 |
Fair
|
Undervalued
|
Undervalued
|
12.96 | 14.67 | 14.26 |
-0.88 σ
|
-1.34 σ
|
-1.22 σ
|
26 Jul | |
|
Indonesia | EIDO | 12.10 |
Undervalued
|
Cheap
|
Fair
|
13.99 | 14.59 | 13.51 |
-1.29 σ
|
-2.32 σ
|
-0.98 σ
|
26 Jul | |
|
Singapore | EWS | 11.87 |
Undervalued
|
Undervalued
|
Undervalued
|
13.19 | 12.97 | 13.31 |
-1.10 σ
|
-1.21 σ
|
-1.69 σ
|
26 Jul | |
|
Chile | ECH | 11.80 |
Fair
|
Fair
|
Undervalued
|
10.84 | 13.55 | 14.88 |
+0.30 σ
|
-0.64 σ
|
-1.88 σ
|
26 Jul | |
|
Norway | NORW | 11.24 |
Fair
|
Fair
|
Fair
|
11.63 | 12.56 | 11.56 |
-0.15 σ
|
-0.74 σ
|
-0.21 σ
|
26 Jul | |
|
South Korea | EWY | 11.08 |
Fair
|
Overvalued
|
Overvalued
|
10.58 | 9.94 | 9.67 |
+0.46 σ
|
+1.31 σ
|
+1.54 σ
|
26 Jul | |
|
Philippines | EPHE | 10.88 |
Undervalued
|
Cheap
|
Cheap
|
14.78 | 16.44 | 15.32 |
-1.93 σ
|
-3.33 σ
|
-2.23 σ
|
26 Jul | |
|
South Africa | EZA | 10.72 |
Fair
|
Fair
|
Fair
|
10.06 | 12.39 | 11.58 |
+0.72 σ
|
-0.80 σ
|
-0.54 σ
|
26 Jul | |
|
Spain | EWP | 10.65 |
Fair
|
Undervalued
|
Fair
|
11.68 | 12.26 | 11.67 |
-0.62 σ
|
-1.16 σ
|
-0.68 σ
|
26 Jul | |
|
Italy | EWI | 10.62 |
Fair
|
Fair
|
Fair
|
10.58 | 11.64 | 11.29 |
+0.02 σ
|
-0.64 σ
|
-0.40 σ
|
26 Jul | |
|
Qatar | QAT | 9.74 |
Cheap
|
-
|
-
|
14.12 | - | - |
-2.48 σ
|
-
|
-
|
26 Jul | |
|
Poland | EPOL | 9.74 |
Fair
|
Undervalued
|
Undervalued
|
9.96 | 11.22 | 11.53 |
-0.11 σ
|
-1.05 σ
|
-1.47 σ
|
26 Jul | |
|
China | FXI | 8.80 |
Undervalued
|
Undervalued
|
Undervalued
|
11.27 | 11.03 | 11.07 |
-1.24 σ
|
-1.52 σ
|
-1.36 σ
|
26 Jul | |
|
Malaysia | EWM | 8.60 |
Cheap
|
Cheap
|
Cheap
|
14.54 | 15.09 | 14.54 |
-6.59 σ
|
-9.12 σ
|
-6.81 σ
|
26 Jul | |
|
Turkey | TUR | 7.92 |
Expensive
|
Overvalued
|
Fair
|
5.50 | 6.65 | 8.15 |
+3.59 σ
|
+1.02 σ
|
-0.14 σ
|
26 Jul | |
|
Austria | EWO | 7.66 |
Fair
|
Undervalued
|
Undervalued
|
8.33 | 9.83 | 10.16 |
-0.35 σ
|
-1.19 σ
|
-1.48 σ
|
26 Jul | |
|
Brazil | EWZ | 7.51 |
Fair
|
Undervalued
|
Undervalued
|
8.75 | 10.24 | 9.70 |
-0.58 σ
|
-1.50 σ
|
-1.32 σ
|
26 Jul | |
|
Greece | GREK | 6.94 |
Undervalued
|
Cheap
|
Cheap
|
10.75 | 11.61 | 11.47 |
-1.74 σ
|
-2.54 σ
|
-2.02 σ
|
26 Jul | |
|
Colombia | GXG | 5.84 |
Undervalued
|
Undervalued
|
Cheap
|
8.08 | 10.54 | 13.39 |
-1.03 σ
|
-1.95 σ
|
-2.70 σ
|
26 Jul |
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).
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".
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).