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)
ENZL New Zealand 30.51
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.83 σ
+0.81 σ
+1.70 σ
 +3.31% 12:58 PM
VTI United States 27.09
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.93 σ
+2.62 σ
+3.70 σ
 +6.19% 01:00 PM
EWL Switzerland 24.35
Expensive
Expensive
Expensive
 19.61 18.17 15.81
+2.10 σ
+3.55 σ
+3.94 σ
 +14.14% 12:56 PM
INDA India 23.55
Fair
Overvalued
Overvalued
 23.08 20.66 17.99
+0.38 σ
+1.18 σ
+1.98 σ
 -1.77% 01:00 PM
EWT Taiwan 23.36
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+3.19 σ
+4.77 σ
+5.67 σ
 +23.90% 12:59 PM
EWA Australia 23.20
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.56 σ
+3.92 σ
+5.17 σ
 +13.07% 01:00 PM
EWY South Korea 21.80
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+9.88 σ
+11.00 σ
+12.70 σ
 +71.96% 01:00 PM
EWU United Kingdom 21.11
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.90 σ
+4.52 σ
+5.46 σ
 +15.20% 12:59 PM
EWC Canada 21.07
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.22 σ
+3.86 σ
+5.60 σ
 +15.39% 12:59 PM
EWK Belgium 20.22
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.51 σ
+1.71 σ
+2.06 σ
 +15.75% 12:52 PM
EWH Hong Kong 20.20
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.10 σ
+5.40 σ
+5.00 σ
 +11.43% 12:59 PM
EWQ France 19.98
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.81 σ
+2.70 σ
+3.23 σ
 +9.08% 12:57 PM
EWN Netherlands 19.57
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.59 σ
+1.37 σ
+2.23 σ
 +12.72% 12:39 PM
EWD Sweden 18.90
Overvalued
Overvalued
Expensive
 16.45 16.09 14.86
+1.05 σ
+1.82 σ
+2.59 σ
 +13.51% 12:41 PM
EWG Germany 18.63
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.09 σ
+3.41 σ
+4.71 σ
 +5.63% 01:00 PM
EWJ Japan 18.25
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.39 σ
+2.88 σ
+2.42 σ
 +15.59% 01:00 PM
EPU Perù 18.09
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+3.09 σ
+3.75 σ
+4.01 σ
 +52.42% 12:44 PM
EIS Israel 18.06
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.22 σ
+5.32 σ
+4.64 σ
 +20.09% 12:59 PM
EZA South Africa 17.91
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+4.43 σ
+2.99 σ
+3.63 σ
 +29.36% 12:59 PM
VNM Vietnam 17.82
Fair
-
-
 15.64 - -
+0.79 σ
-
-
 +11.90% 12:58 PM
EWS Singapore 17.24
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.59 σ
+3.90 σ
+4.10 σ
 +4.67% 12:59 PM
THD Thailand 16.77
Fair
Fair
Fair
 17.57 17.52 15.81
-0.35 σ
-0.37 σ
+0.39 σ
 +26.79% 12:56 PM
EWM Malaysia 16.36
Expensive
Overvalued
Expensive
 14.33 15.08 14.70
+2.68 σ
+1.70 σ
+2.10 σ
 +15.40% 12:59 PM
ARGT Argentina 16.13
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.87 σ
+2.85 σ
+2.20 σ
 +7.06% 12:59 PM
ECH Chile 15.67
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.24 σ
+0.91 σ
+0.60 σ
 +26.42% 12:58 PM
TUR Turkey 15.51
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.57 σ
+7.62 σ
+4.68 σ
 +19.45% 01:00 PM
EWO Austria 15.50
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.67 σ
+3.26 σ
+3.46 σ
 +20.18% 12:52 PM
NORW Norway 15.24
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.31 σ
+1.44 σ
+2.30 σ
 +18.35% 12:34 PM
EWP Spain 14.95
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.94 σ
+2.53 σ
+2.26 σ
 +18.21% 12:56 PM
EDEN Denmark 14.93
Fair
Undervalued
Fair
 16.80 18.18 16.55
-0.60 σ
-1.23 σ
-0.88 σ
 -4.36% 12:49 PM
EIRL Ireland 14.36
Fair
Fair
Fair
 15.22 15.60 16.16
-0.41 σ
-0.67 σ
-0.74 σ
 +6.31% 12:17 PM
EWI Italy 14.14
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.99 σ
+1.86 σ
+1.88 σ
 +12.01% 12:57 PM
EWW Mexico 14.05
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.69 σ
+0.23 σ
-0.13 σ
 +21.91% 01:00 PM
EPOL Poland 13.77
Overvalued
Expensive
Overvalued
 10.15 11.03 11.45
+1.74 σ
+2.02 σ
+1.89 σ
 +15.73% 12:59 PM
EWZ Brazil 13.29
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+4.24 σ
+1.75 σ
+2.29 σ
 +28.45% 01:00 PM
EIDO Indonesia 12.91
Fair
Fair
Fair
 12.95 14.19 13.65
-0.03 σ
-0.90 σ
-0.61 σ
 +0.32% 12:59 PM
QAT Qatar 12.60
Fair
-
-
 13.10 - -
-0.24 σ
-
-
 +2.99% 12:20 PM
FXI China 10.92
Fair
Fair
Fair
 10.28 11.16 11.03
+0.50 σ
-0.18 σ
-0.07 σ
 -0.70% 12:59 PM
GREK Greece 10.33
Fair
Fair
Fair
 9.51 11.34 10.99
+0.42 σ
-0.51 σ
-0.30 σ
 +10.92% 12:56 PM
EPHE Philippines 10.19
Undervalued
Undervalued
Cheap
 12.79 14.98 15.22
-1.02 σ
-1.87 σ
-2.32 σ
 +8.79% 01:00 PM
COLO Colombia 9.29
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.30 σ
-0.09 σ
-1.10 σ
 +20.78% 12:54 PM
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).