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 28.29
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.19 σ
+6.71 σ
+7.76 σ
 +29.17% 11 Aug
VTI United States 27.20
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.56 σ
+2.25 σ
+3.33 σ
 +9.66% 11 Aug
ENZL New Zealand 26.87
Fair
Fair
Fair
 26.88 27.50 21.60
-0.00 σ
-0.16 σ
+0.96 σ
 +4.36% 11 Aug
EWL Switzerland 25.73
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.21 σ
+3.58 σ
+4.14 σ
 +5.45% 11 Aug
INDA India 22.74
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.30 σ
+0.75 σ
+1.58 σ
 -1.51% 11 Aug
EWA Australia 21.09
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.33 σ
+2.23 σ
+3.38 σ
 +6.70% 11 Aug
EWN Netherlands 20.78
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.97 σ
+1.83 σ
+2.54 σ
 +11.21% 11 Aug
EWC Canada 20.56
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.56 σ
+2.83 σ
+4.67 σ
 +9.86% 11 Aug
EWS Singapore 19.43
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.32 σ
+5.26 σ
+6.03 σ
 +17.11% 11 Aug
EWJ Japan 18.96
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.60 σ
+2.93 σ
+2.83 σ
 +9.64% 11 Aug
EWQ France 18.27
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.81 σ
+1.46 σ
+2.18 σ
 +5.46% 11 Aug
EWG Germany 17.89
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.39 σ
+2.31 σ
+3.70 σ
 +4.82% 11 Aug
EWH Hong Kong 17.68
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.85 σ
+2.21 σ
+2.29 σ
 -0.69% 11 Aug
EIRL Ireland 17.15
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.67 σ
+0.86 σ
+0.39 σ
 +10.84% 11 Aug
EIS Israel 17.03
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.20 σ
+3.90 σ
+3.91 σ
 +1.97% 11 Aug
EDEN Denmark 16.39
Fair
Fair
Fair
 15.95 17.97 16.58
+0.20 σ
-0.59 σ
-0.11 σ
 +1.82% 11 Aug
EWP Spain 16.03
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.72 σ
+2.86 σ
+2.80 σ
 +12.50% 11 Aug
EWY South Korea 15.97
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.20 σ
+4.39 σ
+5.92 σ
 +19.57% 11 Aug
ARGT Argentina 15.77
Overvalued
Expensive
Overvalued
 13.09 12.79 10.86
+1.24 σ
+2.13 σ
+1.89 σ
 +0.52% 11 Aug
EWU United Kingdom 15.61
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.57 σ
+1.08 σ
+1.86 σ
 +5.61% 11 Aug
EWK Belgium 15.51
Fair
Fair
Fair
 16.04 16.85 15.06
-0.20 σ
-0.70 σ
+0.17 σ
 +4.85% 11 Aug
EWI Italy 15.24
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.48 σ
+2.40 σ
+2.50 σ
 +11.94% 11 Aug
EPOL Poland 14.74
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.27 σ
+2.61 σ
+2.66 σ
 +18.16% 11 Aug
TUR Turkey 14.55
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.59 σ
+5.79 σ
+3.98 σ
 -0.19% 11 Aug
EWD Sweden 14.51
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.78 σ
-1.12 σ
-0.29 σ
 +4.88% 11 Aug
VNM Vietnam 14.44
Fair
Fair
-
 15.09 16.87 -
-0.32 σ
-0.89 σ
-
 -3.60% 11 Aug
THD Thailand 14.29
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.44 σ
-1.57 σ
-0.72 σ
 +8.49% 11 Aug
EPU Perù 13.90
Fair
Fair
Overvalued
 12.23 12.88 12.38
+0.81 σ
+0.69 σ
+1.07 σ
 +12.61% 11 Aug
EWM Malaysia 13.44
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.25 σ
-2.06 σ
-1.69 σ
 -0.17% 11 Aug
EWO Austria 13.16
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.86 σ
+1.77 σ
+1.97 σ
 +16.30% 11 Aug
NORW Norway 12.89
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.09 σ
+0.11 σ
+0.74 σ
 +5.18% 11 Aug
ECH Chile 12.13
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.87 σ
-0.36 σ
-1.31 σ
 -0.25% 11 Aug
EWW Mexico 12.05
Fair
Undervalued
Undervalued
 12.43 13.50 14.27
-0.48 σ
-1.11 σ
-1.29 σ
 +2.39% 11 Aug
COLO Colombia 11.29
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.58 σ
+0.85 σ
-0.36 σ
 +20.65% 11 Aug
GREK Greece 11.25
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.07 σ
-0.04 σ
+0.15 σ
 +16.28% 11 Aug
EWZ Brazil 11.08
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.89 σ
+0.51 σ
+0.67 σ
 -4.62% 11 Aug
QAT Qatar 10.96
Fair
Undervalued
-
 12.43 13.34 -
-0.93 σ
-1.77 σ
-
 -6.74% 11 Aug
FXI China 9.75
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.20 σ
-1.00 σ
-0.72 σ
 -4.01% 11 Aug
EIDO Indonesia 9.43
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.67 σ
-2.99 σ
-3.48 σ
 -21.39% 11 Aug
EZA South Africa 8.91
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.99 σ
-1.54 σ
-1.74 σ
 -0.09% 11 Aug
EPHE Philippines 8.58
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.46 σ
-2.16 σ
-2.90 σ
 +2.14% 11 Aug
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).