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 28.12
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.30 σ
+0.18 σ
+1.22 σ
 +1.42% 11 May
VTI United States 25.98
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.28 σ
+2.02 σ
+3.12 σ
 +9.47% 11 May
EWT Taiwan 25.33
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.72 σ
+5.55 σ
+6.49 σ
 +42.68% 11 May
EWL Switzerland 22.27
Fair
Expensive
Expensive
 19.89 18.37 15.90
+1.00 σ
+2.09 σ
+2.82 σ
 +5.31% 11 May
EWY South Korea 21.39
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+8.84 σ
+9.62 σ
+11.74 σ
 +81.15% 11 May
EWA Australia 21.11
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.50 σ
+2.45 σ
+3.62 σ
 +7.80% 11 May
INDA India 20.84
Undervalued
Fair
Fair
 23.07 20.77 18.01
-1.75 σ
+0.03 σ
+0.99 σ
 -7.21% 11 May
EWC Canada 19.66
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.41 σ
+2.56 σ
+4.19 σ
 +9.86% 11 May
EWH Hong Kong 18.62
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.68 σ
+3.40 σ
+3.31 σ
 +9.08% 11 May
EWU United Kingdom 18.06
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.52 σ
+2.54 σ
+3.43 σ
 +5.93% 11 May
EWK Belgium 17.90
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.68 σ
+0.53 σ
+1.13 σ
 +8.28% 11 May
EIS Israel 17.65
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.83 σ
+4.67 σ
+4.37 σ
 +23.95% 11 May
EWJ Japan 17.59
Overvalued
Expensive
Expensive
 14.84 14.40 14.43
+1.91 σ
+2.21 σ
+2.01 σ
 +10.37% 11 May
EWQ France 17.52
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.48 σ
+1.14 σ
+1.92 σ
 +2.19% 11 May
EWN Netherlands 17.50
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.08 σ
+0.25 σ
+1.29 σ
 +11.87% 11 May
EWG Germany 17.11
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.24 σ
+2.09 σ
+3.36 σ
 +1.66% 11 May
VNM Vietnam 16.78
Fair
Fair
-
 15.32 16.73 -
+0.63 σ
+0.02 σ
-
 +7.47% 11 May
TUR Turkey 16.71
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.38 σ
+8.17 σ
+5.40 σ
 +18.86% 11 May
NORW Norway 16.60
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.01 σ
+2.12 σ
+3.06 σ
 +19.12% 11 May
EDEN Denmark 16.43
Fair
Fair
Fair
 16.28 18.06 16.55
+0.06 σ
-0.61 σ
-0.07 σ
 +1.10% 11 May
EWS Singapore 16.08
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.52 σ
+2.54 σ
+2.79 σ
 +2.45% 11 May
THD Thailand 15.99
Fair
Fair
Fair
 17.23 17.41 15.89
-0.61 σ
-0.71 σ
+0.04 σ
 +12.79% 11 May
EWD Sweden 15.79
Fair
Fair
Fair
 16.33 16.19 14.90
-0.24 σ
-0.26 σ
+0.55 σ
 +4.11% 11 May
EWM Malaysia 15.38
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.18 σ
+0.39 σ
+0.83 σ
 +10.72% 11 May
ARGT Argentina 15.35
Overvalued
Expensive
Overvalued
 12.85 12.63 10.73
+1.21 σ
+2.00 σ
+1.80 σ
 +3.78% 11 May
EWP Spain 14.42
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.51 σ
+1.90 σ
+1.85 σ
 +9.03% 11 May
EWW Mexico 14.23
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.89 σ
+0.43 σ
-0.02 σ
 +13.88% 11 May
EPU Perù 14.15
Overvalued
Fair
Overvalued
 12.13 12.84 12.31
+1.01 σ
+0.89 σ
+1.28 σ
 +18.46% 11 May
EWO Austria 13.83
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.61 σ
+2.25 σ
+2.41 σ
 +17.12% 11 May
EIRL Ireland 13.40
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.91 σ
-1.14 σ
-1.14 σ
 +5.34% 11 May
ECH Chile 13.17
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.25 σ
+0.01 σ
-0.76 σ
 +8.10% 11 May
EWI Italy 13.08
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.39 σ
+1.07 σ
+1.20 σ
 +10.87% 11 May
EWZ Brazil 12.61
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.43 σ
+1.34 σ
+1.76 σ
 +14.87% 11 May
EPOL Poland 12.57
Overvalued
Overvalued
Fair
 10.13 11.05 11.45
+1.18 σ
+1.10 σ
+0.91 σ
 +13.16% 11 May
QAT Qatar 11.50
Fair
Undervalued
-
 12.78 13.38 -
-0.68 σ
-1.43 σ
-
 -1.25% 11 May
COLO Colombia 11.13
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.58 σ
+0.77 σ
-0.43 σ
 +1.09% 11 May
GREK Greece 11.02
Fair
Fair
Fair
 9.40 11.35 10.93
+0.87 σ
-0.17 σ
+0.04 σ
 +8.88% 11 May
EIDO Indonesia 10.84
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.54 σ
-2.23 σ
-2.35 σ
 -16.71% 11 May
FXI China 10.17
Fair
Fair
Fair
 10.10 11.17 11.00
+0.07 σ
-0.74 σ
-0.49 σ
 -3.00% 11 May
EZA South Africa 10.13
Fair
Fair
Undervalued
 10.73 12.08 11.91
-0.34 σ
-0.99 σ
-1.05 σ
 +7.15% 11 May
EPHE Philippines 8.36
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.63 σ
-2.40 σ
-3.06 σ
 -1.80% 11 May
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).