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)
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).