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 27.16
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.55 σ
+5.95 σ
+7.00 σ
 +31.99% 09 Sep
ENZL New Zealand 25.62
Fair
Fair
Fair
 26.84 27.52 21.67
-0.32 σ
-0.48 σ
+0.72 σ
 +1.98% 09 Sep
VTI United States 24.53
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.54 σ
+1.33 σ
+2.41 σ
 +6.75% 09 Sep
EWL Switzerland 23.72
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.35 σ
+2.48 σ
+3.23 σ
 -1.06% 09 Sep
INDA India 22.10
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.80 σ
+0.47 σ
+1.34 σ
 -3.40% 09 Sep
EWA Australia 20.64
Overvalued
Overvalued
Expensive
 17.66 16.83 15.03
+1.11 σ
+1.94 σ
+3.06 σ
 +4.27% 09 Sep
EWC Canada 19.16
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.99 σ
+1.97 σ
+3.49 σ
 +6.80% 09 Sep
EWJ Japan 18.86
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.39 σ
+2.78 σ
+2.76 σ
 +8.80% 09 Sep
EWN Netherlands 18.80
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.84 σ
+0.79 σ
+1.70 σ
 +7.82% 09 Sep
EWS Singapore 18.78
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.80 σ
+4.53 σ
+5.28 σ
 +14.42% 09 Sep
EWG Germany 18.04
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.39 σ
+2.31 σ
+3.73 σ
 +1.81% 09 Sep
EIS Israel 17.69
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.36 σ
+4.24 σ
+4.30 σ
 +3.16% 09 Sep
EWQ France 17.56
Fair
Overvalued
Overvalued
 16.66 15.70 13.58
+0.45 σ
+1.04 σ
+1.82 σ
 -1.18% 09 Sep
EWU United Kingdom 16.81
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.92 σ
+1.69 σ
+2.52 σ
 +3.29% 09 Sep
EDEN Denmark 16.52
Fair
Fair
Fair
 15.88 17.96 16.59
+0.31 σ
-0.53 σ
-0.04 σ
 +3.67% 09 Sep
EWP Spain 15.98
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.57 σ
+2.74 σ
+2.73 σ
 +8.33% 09 Sep
EIRL Ireland 15.67
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.22 σ
+0.07 σ
-0.24 σ
 +11.47% 09 Sep
ARGT Argentina 15.43
Overvalued
Overvalued
Overvalued
 13.17 12.84 10.86
+1.03 σ
+1.82 σ
+1.76 σ
 +3.87% 09 Sep
EWI Italy 15.10
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.33 σ
+2.27 σ
+2.40 σ
 +6.75% 09 Sep
EWK Belgium 15.04
Fair
Fair
Fair
 15.96 16.82 15.08
-0.37 σ
-0.93 σ
-0.02 σ
 +4.49% 09 Sep
THD Thailand 14.79
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.11 σ
-1.28 σ
-0.51 σ
 +9.18% 09 Sep
EWD Sweden 14.78
Fair
Fair
Fair
 16.04 16.23 14.97
-0.62 σ
-0.94 σ
-0.13 σ
 +2.48% 09 Sep
TUR Turkey 14.36
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.33 σ
+5.21 σ
+3.83 σ
 +4.37% 09 Sep
VNM Vietnam 14.02
Fair
Undervalued
-
 15.01 16.91 -
-0.50 σ
-1.08 σ
-
 -2.06% 09 Sep
NORW Norway 13.68
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.51 σ
+0.53 σ
+1.20 σ
 +9.77% 09 Sep
EPOL Poland 13.60
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.68 σ
+1.77 σ
+1.71 σ
 +17.98% 09 Sep
EWO Austria 13.38
Overvalued
Overvalued
Expensive
 8.68 9.77 9.96
+1.86 σ
+1.84 σ
+2.10 σ
 +14.40% 09 Sep
EWH Hong Kong 13.21
Undervalued
Cheap
Undervalued
 15.51 15.46 15.28
-1.86 σ
-2.17 σ
-1.95 σ
 -0.10% 09 Sep
EWW Mexico 12.66
Fair
Fair
Fair
 12.39 13.46 14.26
+0.35 σ
-0.62 σ
-0.93 σ
 +1.46% 09 Sep
ECH Chile 12.15
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.90 σ
-0.34 σ
-1.29 σ
 -0.69% 09 Sep
GREK Greece 11.76
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.36 σ
+0.22 σ
+0.39 σ
 +19.25% 09 Sep
QAT Qatar 11.24
Fair
Undervalued
-
 12.31 13.33 -
-0.72 σ
-1.53 σ
-
 -7.16% 09 Sep
COLO Colombia 11.04
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.34 σ
+0.73 σ
-0.44 σ
 +25.65% 09 Sep
EWZ Brazil 10.54
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.42 σ
+0.24 σ
+0.28 σ
 +5.74% 09 Sep
EWY South Korea 10.52
Fair
Fair
Fair
 10.85 10.40 9.99
-0.18 σ
+0.09 σ
+0.52 σ
 +28.53% 09 Sep
EIDO Indonesia 9.93
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.20 σ
-2.61 σ
-3.08 σ
 -14.28% 09 Sep
EZA South Africa 9.27
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.78 σ
-1.33 σ
-1.53 σ
 +3.11% 09 Sep
EPU Perù 9.18
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.54 σ
-2.49 σ
-2.29 σ
 +12.64% 09 Sep
FXI China 9.02
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.08 σ
-1.51 σ
-1.14 σ
 -5.76% 09 Sep
EPHE Philippines 7.98
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.72 σ
-2.33 σ
-3.13 σ
 -3.66% 09 Sep
EWM Malaysia 7.89
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.16 σ
-8.97 σ
-8.94 σ
 -1.16% 09 Sep
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).