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)
EWT Taiwan 29.57
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.64 σ
+7.37 σ
+8.46 σ
 +31.13% 27 Aug
ENZL New Zealand 27.50
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.16 σ
-0.00 σ
+1.08 σ
 +6.50% 27 Aug
EWL Switzerland 25.60
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.16 σ
+3.51 σ
+4.09 σ
 +4.11% 27 Aug
VTI United States 24.87
Fair
Overvalued
Expensive
 23.01 20.44 16.95
+0.69 σ
+1.48 σ
+2.57 σ
 +8.78% 27 Aug
INDA India 22.49
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.51 σ
+0.65 σ
+1.50 σ
 -2.08% 27 Aug
EWA Australia 21.20
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.38 σ
+2.29 σ
+3.44 σ
 +6.58% 27 Aug
EWC Canada 20.81
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.65 σ
+2.97 σ
+4.86 σ
 +9.84% 27 Aug
EWN Netherlands 20.63
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.88 σ
+1.76 σ
+2.48 σ
 +9.23% 27 Aug
EWS Singapore 19.47
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.34 σ
+5.29 σ
+6.06 σ
 +16.02% 27 Aug
EWJ Japan 18.87
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.55 σ
+2.87 σ
+2.78 σ
 +8.18% 27 Aug
EWG Germany 18.13
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.49 σ
+2.45 σ
+3.87 σ
 +5.76% 27 Aug
EWH Hong Kong 18.06
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.16 σ
+2.58 σ
+2.64 σ
 +1.15% 27 Aug
EWQ France 17.67
Fair
Overvalued
Overvalued
 16.64 15.67 13.54
+0.51 σ
+1.13 σ
+1.90 σ
 +1.66% 27 Aug
EIS Israel 17.55
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.44 σ
+4.27 σ
+4.25 σ
 +3.99% 27 Aug
EWY South Korea 17.39
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+4.07 σ
+5.50 σ
+7.32 σ
 +25.74% 27 Aug
EDEN Denmark 17.11
Fair
Fair
Fair
 15.95 17.97 16.58
+0.53 σ
-0.32 σ
+0.29 σ
 +5.82% 27 Aug
EIRL Ireland 16.19
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.68 σ
+0.35 σ
-0.01 σ
 +11.65% 27 Aug
EWK Belgium 16.07
Fair
Fair
Fair
 16.04 16.85 15.06
+0.01 σ
-0.41 σ
+0.39 σ
 +7.66% 27 Aug
ARGT Argentina 16.03
Overvalued
Expensive
Overvalued
 13.09 12.79 10.86
+1.37 σ
+2.32 σ
+1.99 σ
 +1.96% 27 Aug
EWP Spain 15.98
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.67 σ
+2.82 σ
+2.76 σ
 +10.62% 27 Aug
EWU United Kingdom 15.72
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.60 σ
+1.13 σ
+1.92 σ
 +5.52% 27 Aug
TUR Turkey 15.38
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.87 σ
+6.38 σ
+4.48 σ
 +4.46% 27 Aug
EWI Italy 15.02
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.36 σ
+2.26 σ
+2.37 σ
 +9.04% 27 Aug
VNM Vietnam 15.01
Fair
Fair
-
 15.09 16.87 -
-0.04 σ
-0.68 σ
-
 +0.22% 27 Aug
EWD Sweden 14.74
Fair
Fair
Fair
 16.13 16.24 14.96
-0.67 σ
-0.97 σ
-0.14 σ
 +5.92% 27 Aug
EPU Perù 14.61
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.16 σ
+1.17 σ
+1.58 σ
 +15.85% 27 Aug
EPOL Poland 14.47
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.14 σ
+2.41 σ
+2.44 σ
 +14.13% 27 Aug
THD Thailand 14.45
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.35 σ
-1.48 σ
-0.65 σ
 +8.44% 27 Aug
EWM Malaysia 13.80
Fair
Undervalued
Undervalued
 14.44 15.06 14.74
-0.80 σ
-1.60 σ
-1.22 σ
 +1.98% 27 Aug
NORW Norway 13.42
Overvalued
Fair
Overvalued
 10.79 12.68 11.66
+1.36 σ
+0.39 σ
+1.06 σ
 +8.03% 27 Aug
EWO Austria 13.25
Overvalued
Overvalued
Expensive
 8.61 9.74 9.96
+1.90 σ
+1.82 σ
+2.03 σ
 +14.75% 27 Aug
ECH Chile 12.41
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.99 σ
-0.26 σ
-1.16 σ
 +1.19% 27 Aug
EWW Mexico 12.19
Fair
Fair
Undervalued
 12.43 13.50 14.27
-0.30 σ
-1.00 σ
-1.20 σ
 +2.83% 27 Aug
GREK Greece 11.75
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.35 σ
+0.21 σ
+0.38 σ
 +19.33% 27 Aug
EWZ Brazil 11.66
Expensive
Fair
Overvalued
 8.16 10.08 10.11
+2.27 σ
+0.81 σ
+1.07 σ
 -0.18% 27 Aug
COLO Colombia 11.51
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.72 σ
+0.95 σ
-0.28 σ
 +20.51% 27 Aug
QAT Qatar 10.81
Undervalued
Undervalued
-
 12.43 13.34 -
-1.02 σ
-1.88 σ
-
 -7.41% 27 Aug
FXI China 9.64
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.33 σ
-1.09 σ
-0.79 σ
 -4.39% 27 Aug
EIDO Indonesia 9.56
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.56 σ
-2.91 σ
-3.38 σ
 -18.63% 27 Aug
EZA South Africa 9.30
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.78 σ
-1.34 σ
-1.52 σ
 +3.71% 27 Aug
EPHE Philippines 8.00
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.71 σ
-2.37 σ
-3.15 σ
 -4.90% 27 Aug
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).