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 29.40
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.58 σ
+7.29 σ
+8.37 σ
 +29.74% 09:30 AM
ENZL New Zealand 27.25
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.10 σ
-0.06 σ
+1.03 σ
 +5.48% 09:30 AM
EWL Switzerland 25.24
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.01 σ
+3.33 σ
+3.93 σ
 +2.52% 09:30 AM
VTI United States 24.70
Fair
Overvalued
Expensive
 23.01 20.44 16.95
+0.63 σ
+1.42 σ
+2.52 σ
 +7.94% 09:30 AM
INDA India 22.57
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.45 σ
+0.68 σ
+1.52 σ
 -1.65% 09:30 AM
EWA Australia 21.14
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.35 σ
+2.26 σ
+3.41 σ
 +6.14% 09:30 AM
EWC Canada 20.53
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.55 σ
+2.81 σ
+4.65 σ
 +8.18% 09:30 AM
EWN Netherlands 20.44
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.78 σ
+1.66 σ
+2.41 σ
 +8.10% 09:30 AM
EWS Singapore 19.58
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.41 σ
+5.38 σ
+6.17 σ
 +16.46% 09:30 AM
EWJ Japan 18.88
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.55 σ
+2.88 σ
+2.78 σ
 +8.07% 09:30 AM
EWH Hong Kong 18.02
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.13 σ
+2.55 σ
+2.61 σ
 +0.92% 09:30 AM
EWG Germany 17.99
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.43 σ
+2.37 σ
+3.77 σ
 +4.85% 09:30 AM
EWQ France 17.57
Fair
Overvalued
Overvalued
 16.64 15.67 13.54
+0.46 σ
+1.07 σ
+1.85 σ
 +1.03% 09:30 AM
EWY South Korea 17.27
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.99 σ
+5.41 σ
+7.20 σ
 +24.13% 09:30 AM
EIS Israel 17.22
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.29 σ
+4.04 σ
+4.04 σ
 +1.90% 09:30 AM
EDEN Denmark 16.94
Fair
Fair
Fair
 15.95 17.97 16.58
+0.46 σ
-0.38 σ
+0.20 σ
 +4.71% 09:30 AM
ARGT Argentina 16.10
Overvalued
Expensive
Expensive
 13.09 12.79 10.86
+1.40 σ
+2.37 σ
+2.02 σ
 +2.36% 09:30 AM
EIRL Ireland 16.10
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.59 σ
+0.30 σ
-0.05 σ
 +10.85% 09:30 AM
EWP Spain 15.97
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.67 σ
+2.82 σ
+2.76 σ
 +10.39% 09:30 AM
EWK Belgium 15.93
Fair
Fair
Fair
 16.04 16.85 15.06
-0.04 σ
-0.48 σ
+0.33 σ
 +6.61% 09:30 AM
EWU United Kingdom 15.63
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.58 σ
+1.09 σ
+1.87 σ
 +4.84% 09:30 AM
TUR Turkey 15.30
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.84 σ
+6.32 σ
+4.43 σ
 +3.75% 09:30 AM
EWI Italy 15.04
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.38 σ
+2.27 σ
+2.38 σ
 +9.04% 09:30 AM
VNM Vietnam 14.86
Fair
Fair
-
 15.09 16.87 -
-0.11 σ
-0.74 σ
-
 -0.84% 09:30 AM
EPOL Poland 14.64
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.22 σ
+2.54 σ
+2.58 σ
 +15.22% 09:30 AM
EWD Sweden 14.61
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.73 σ
-1.06 σ
-0.23 σ
 +4.83% 09:30 AM
THD Thailand 14.18
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.50 σ
-1.63 σ
-0.77 σ
 +6.26% 09:30 AM
EPU Perù 14.17
Fair
Fair
Overvalued
 12.23 12.88 12.38
+0.94 σ
+0.87 σ
+1.26 σ
 +11.92% 09:30 AM
EWM Malaysia 13.59
Undervalued
Undervalued
Undervalued
 14.44 15.06 14.74
-1.06 σ
-1.87 σ
-1.50 σ
 +0.37% 09:30 AM
NORW Norway 13.49
Overvalued
Fair
Overvalued
 10.79 12.68 11.66
+1.39 σ
+0.43 σ
+1.10 σ
 +8.29% 09:30 AM
EWO Austria 13.25
Overvalued
Overvalued
Expensive
 8.61 9.74 9.96
+1.90 σ
+1.82 σ
+2.03 σ
 +14.45% 09:30 AM
ECH Chile 12.15
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.89 σ
-0.35 σ
-1.30 σ
 -0.99% 09:30 AM
EWW Mexico 12.12
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.39 σ
-1.05 σ
-1.24 σ
 +2.14% 09:30 AM
EWZ Brazil 11.74
Expensive
Fair
Overvalued
 8.16 10.08 10.11
+2.33 σ
+0.85 σ
+1.13 σ
 +0.50% 09:30 AM
GREK Greece 11.70
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.32 σ
+0.19 σ
+0.36 σ
 +18.47% 09:30 AM
COLO Colombia 11.33
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.61 σ
+0.87 σ
-0.34 σ
 +18.32% 09:30 AM
QAT Qatar 10.84
Undervalued
Undervalued
-
 12.43 13.34 -
-1.00 σ
-1.86 σ
-
 -7.06% 09:30 AM
FXI China 9.67
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.29 σ
-1.06 σ
-0.77 σ
 -3.90% 09:30 AM
EIDO Indonesia 9.62
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.50 σ
-2.86 σ
-3.33 σ
 -17.74% 09:30 AM
EZA South Africa 9.16
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.85 σ
-1.41 σ
-1.60 σ
 +2.11% 09:30 AM
EPHE Philippines 7.91
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.75 σ
-2.40 σ
-3.19 σ
 -5.98% 09:30 AM
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).