Global P/E Ratios by Country
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
Swipe left to see all data
|
P/E Evaluation
|
Historical P/E Average
|
P/E Deviation vs Avg
|
Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | ||
|
|
ENZL | New Zealand | 27.38 |
Fair
|
Fair
|
Overvalued
|
27.07 | 27.37 | 21.33 |
+0.08 σ
|
+0.00 σ
|
+1.10 σ
|
-3.34% | 24 Apr |
|
|
VTI | United States | 25.15 |
Fair
|
Overvalued
|
Expensive
|
22.65 | 20.07 | 16.76 |
+0.99 σ
|
+1.78 σ
|
+2.90 σ
|
+6.82% | 24 Apr |
|
|
EWT | Taiwan | 24.03 |
Expensive
|
Expensive
|
Expensive
|
16.05 | 15.08 | 14.09 |
+3.32 σ
|
+4.95 σ
|
+5.85 σ
|
+32.88% | 24 Apr |
|
|
EWL | Switzerland | 22.59 |
Overvalued
|
Expensive
|
Expensive
|
19.81 | 18.31 | 15.86 |
+1.17 σ
|
+2.35 σ
|
+3.02 σ
|
+6.01% | 24 Apr |
|
|
INDA | India | 21.42 |
Undervalued
|
Fair
|
Overvalued
|
23.07 | 20.73 | 18.00 |
-1.28 σ
|
+0.28 σ
|
+1.20 σ
|
-5.54% | 24 Apr |
|
|
EWA | Australia | 20.06 |
Overvalued
|
Overvalued
|
Expensive
|
17.27 | 16.59 | 14.88 |
+1.12 σ
|
+1.94 σ
|
+3.08 σ
|
+6.89% | 24 Apr |
|
|
EWC | Canada | 19.33 |
Overvalued
|
Expensive
|
Expensive
|
15.91 | 15.34 | 14.42 |
+1.34 σ
|
+2.47 σ
|
+4.00 σ
|
+10.79% | 24 Apr |
|
|
EWY | South Korea | 17.81 |
Expensive
|
Expensive
|
Expensive
|
10.45 | 10.24 | 9.92 |
+6.35 σ
|
+6.76 σ
|
+8.19 σ
|
+52.82% | 24 Apr |
|
|
EWN | Netherlands | 17.76 |
Fair
|
Fair
|
Overvalued
|
17.80 | 17.00 | 14.37 |
-0.02 σ
|
+0.39 σ
|
+1.41 σ
|
+9.00% | 24 Apr |
|
|
EWK | Belgium | 17.69 |
Fair
|
Fair
|
Overvalued
|
16.14 | 16.89 | 14.92 |
+0.57 σ
|
+0.41 σ
|
+1.06 σ
|
+4.98% | 24 Apr |
|
|
EWH | Hong Kong | 17.67 |
Overvalued
|
Expensive
|
Expensive
|
15.46 | 15.32 | 15.24 |
+1.91 σ
|
+2.50 σ
|
+2.40 σ
|
+5.67% | 24 Apr |
|
|
EWU | United Kingdom | 17.62 |
Overvalued
|
Expensive
|
Expensive
|
13.35 | 13.40 | 12.34 |
+1.44 σ
|
+2.34 σ
|
+3.21 σ
|
+7.58% | 24 Apr |
|
|
EWQ | France | 17.55 |
Fair
|
Overvalued
|
Overvalued
|
16.58 | 15.49 | 13.42 |
+0.49 σ
|
+1.19 σ
|
+1.97 σ
|
+2.20% | 24 Apr |
|
|
EIS | Israel | 17.42 |
Expensive
|
Expensive
|
Expensive
|
11.92 | 11.39 | 10.98 |
+2.78 σ
|
+4.60 σ
|
+4.22 σ
|
+17.59% | 24 Apr |
|
|
EWD | Sweden | 17.33 |
Fair
|
Fair
|
Overvalued
|
16.40 | 16.18 | 14.89 |
+0.41 σ
|
+0.74 σ
|
+1.53 σ
|
+7.95% | 24 Apr |
|
|
NORW | Norway | 17.22 |
Expensive
|
Expensive
|
Expensive
|
10.79 | 12.65 | 11.60 |
+3.33 σ
|
+2.47 σ
|
+3.46 σ
|
+20.26% | 24 Apr |
|
|
EWG | Germany | 17.05 |
Overvalued
|
Expensive
|
Expensive
|
14.24 | 13.74 | 12.48 |
+1.23 σ
|
+2.12 σ
|
+3.37 σ
|
+1.20% | 24 Apr |
|
|
EWJ | Japan | 16.91 |
Overvalued
|
Overvalued
|
Overvalued
|
14.84 | 14.34 | 14.43 |
+1.45 σ
|
+1.79 σ
|
+1.57 σ
|
+5.60% | 24 Apr |
|
|
TUR | Turkey | 15.91 |
Expensive
|
Expensive
|
Expensive
|
6.21 | 6.45 | 7.94 |
+4.54 σ
|
+7.65 σ
|
+4.93 σ
|
+17.43% | 24 Apr |
|
|
EWS | Singapore | 15.78 |
Overvalued
|
Expensive
|
Expensive
|
13.74 | 13.32 | 13.39 |
+1.37 σ
|
+2.35 σ
|
+2.50 σ
|
+2.35% | 24 Apr |
|
|
VNM | Vietnam | 15.64 |
Fair
|
Fair
|
-
|
15.43 | 16.68 | - |
+0.09 σ
|
-0.35 σ
|
-
|
+5.45% | 24 Apr |
|
|
ARGT | Argentina | 15.57 |
Overvalued
|
Expensive
|
Overvalued
|
12.77 | 12.57 | 10.71 |
+1.38 σ
|
+2.23 σ
|
+1.92 σ
|
+6.20% | 24 Apr |
|
|
EWM | Malaysia | 15.41 |
Overvalued
|
Fair
|
Fair
|
14.40 | 15.09 | 14.72 |
+1.27 σ
|
+0.41 σ
|
+0.87 σ
|
+9.24% | 24 Apr |
|
|
EDEN | Denmark | 15.27 |
Fair
|
Undervalued
|
Fair
|
16.46 | 18.10 | 16.56 |
-0.43 σ
|
-1.07 σ
|
-0.70 σ
|
-1.32% | 24 Apr |
|
|
THD | Thailand | 15.23 |
Undervalued
|
Undervalued
|
Fair
|
17.35 | 17.45 | 15.87 |
-1.01 σ
|
-1.11 σ
|
-0.26 σ
|
+11.46% | 24 Apr |
|
|
EWO | Austria | 14.42 |
Expensive
|
Expensive
|
Expensive
|
8.38 | 9.64 | 9.95 |
+3.01 σ
|
+2.59 σ
|
+2.78 σ
|
+15.42% | 24 Apr |
|
|
EPU | Perù | 14.25 |
Overvalued
|
Fair
|
Overvalued
|
12.12 | 12.86 | 12.31 |
+1.06 σ
|
+0.93 σ
|
+1.34 σ
|
+18.10% | 24 Apr |
|
|
EWP | Spain | 14.19 |
Expensive
|
Overvalued
|
Overvalued
|
11.29 | 11.92 | 11.57 |
+2.33 σ
|
+1.77 σ
|
+1.72 σ
|
+8.47% | 24 Apr |
|
|
EWW | Mexico | 14.03 |
Overvalued
|
Fair
|
Fair
|
12.52 | 13.66 | 14.28 |
+1.66 σ
|
+0.25 σ
|
-0.14 σ
|
+12.97% | 24 Apr |
|
|
ECH | Chile | 13.80 |
Overvalued
|
Fair
|
Fair
|
10.14 | 13.17 | 14.56 |
+1.48 σ
|
+0.23 σ
|
-0.42 σ
|
+14.17% | 24 Apr |
|
|
EWI | Italy | 13.45 |
Overvalued
|
Overvalued
|
Overvalued
|
10.61 | 11.46 | 11.16 |
+1.60 σ
|
+1.33 σ
|
+1.44 σ
|
+8.05% | 24 Apr |
|
|
EIRL | Ireland | 13.14 |
Undervalued
|
Undervalued
|
Undervalued
|
14.97 | 15.57 | 16.17 |
-1.05 σ
|
-1.31 σ
|
-1.25 σ
|
+1.74% | 24 Apr |
|
|
EWZ | Brazil | 12.81 |
Expensive
|
Overvalued
|
Overvalued
|
7.99 | 10.04 | 10.02 |
+3.69 σ
|
+1.45 σ
|
+1.92 σ
|
+21.05% | 24 Apr |
|
|
EPOL | Poland | 12.12 |
Fair
|
Fair
|
Fair
|
10.16 | 11.05 | 11.46 |
+0.94 σ
|
+0.77 σ
|
+0.54 σ
|
+12.07% | 24 Apr |
|
|
COLO | Colombia | 11.62 |
Expensive
|
Fair
|
Fair
|
7.21 | 9.46 | 12.38 |
+2.90 σ
|
+0.97 σ
|
-0.27 σ
|
+12.79% | 24 Apr |
|
|
EIDO | Indonesia | 11.06 |
Undervalued
|
Cheap
|
Cheap
|
12.83 | 14.14 | 13.67 |
-1.42 σ
|
-2.14 σ
|
-2.17 σ
|
-13.30% | 24 Apr |
|
|
QAT | Qatar | 11.01 |
Fair
|
Undervalued
|
-
|
12.91 | 13.39 | - |
-0.98 σ
|
-1.83 σ
|
-
|
-0.48% | 24 Apr |
|
|
GREK | Greece | 10.07 |
Fair
|
Fair
|
Fair
|
9.45 | 11.36 | 10.96 |
+0.32 σ
|
-0.66 σ
|
-0.41 σ
|
+5.91% | 24 Apr |
|
|
FXI | China | 9.93 |
Fair
|
Fair
|
Fair
|
10.16 | 11.17 | 11.02 |
-0.22 σ
|
-0.93 σ
|
-0.65 σ
|
-4.71% | 24 Apr |
|
|
EZA | South Africa | 9.58 |
Fair
|
Undervalued
|
Undervalued
|
10.75 | 12.13 | 11.93 |
-0.66 σ
|
-1.30 σ
|
-1.39 σ
|
+6.02% | 24 Apr |
|
|
EPHE | Philippines | 8.64 |
Undervalued
|
Cheap
|
Cheap
|
12.51 | 14.84 | 15.19 |
-1.57 σ
|
-2.35 σ
|
-2.97 σ
|
-3.54% | 24 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).