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 31.02
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.95 σ
+0.93 σ
+1.79 σ
 +3.78% 04:00 PM
VTI United States 26.91
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.85 σ
+2.55 σ
+3.63 σ
 +7.36% 04:00 PM
INDA India 24.25
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.94 σ
+1.46 σ
+2.23 σ
 -1.00% 04:00 PM
EWL Switzerland 24.16
Expensive
Expensive
Expensive
 19.61 18.17 15.81
+2.02 σ
+3.44 σ
+3.86 σ
 +10.22% 04:00 PM
EWA Australia 22.33
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.19 σ
+3.41 σ
+4.63 σ
 +6.71% 04:00 PM
EWD Sweden 21.97
Expensive
Expensive
Expensive
 16.45 16.09 14.86
+2.36 σ
+3.80 σ
+4.56 σ
 +13.28% 04:00 PM
EWT Taiwan 21.08
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.20 σ
+3.48 σ
+4.29 σ
 +13.85% 04:00 PM
EWU United Kingdom 20.60
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.72 σ
+4.22 σ
+5.15 σ
 +11.79% 04:00 PM
EWC Canada 20.18
Overvalued
Expensive
Expensive
 15.73 15.26 14.40
+1.85 σ
+3.27 σ
+4.85 σ
 +12.02% 04:00 PM
EWK Belgium 19.84
Overvalued
Overvalued
Overvalued
 16.15 16.88 14.85
+1.37 σ
+1.52 σ
+1.92 σ
 +14.63% 03:27 PM
EWH Hong Kong 19.29
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+3.32 σ
+4.42 σ
+4.09 σ
 +12.08% 04:00 PM
EWQ France 19.13
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.36 σ
+2.20 σ
+2.82 σ
 +4.94% 04:00 PM
EWN Netherlands 18.51
Fair
Fair
Overvalued
 18.03 16.91 14.31
+0.18 σ
+0.82 σ
+1.78 σ
 +11.44% 04:00 PM
EWG Germany 18.50
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.03 σ
+3.31 σ
+4.60 σ
 +4.50% 04:00 PM
EIS Israel 18.11
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.24 σ
+5.36 σ
+4.67 σ
 +24.85% 04:00 PM
EWJ Japan 17.66
Overvalued
Expensive
Expensive
 14.84 14.24 14.43
+1.97 σ
+2.46 σ
+2.05 σ
 +10.44% 04:00 PM
EPU Perù 17.44
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.75 σ
+3.29 σ
+3.56 σ
 +56.48% 04:00 PM
ARGT Argentina 16.97
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.31 σ
+3.50 σ
+2.54 σ
 +13.49% 04:00 PM
VNM Vietnam 16.73
Fair
-
-
 15.64 - -
+0.40 σ
-
-
 +11.49% 04:00 PM
EWY South Korea 16.71
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+5.46 σ
+6.18 σ
+7.27 σ
 +53.45% 04:00 PM
EWM Malaysia 16.65
Expensive
Expensive
Expensive
 14.33 15.08 14.70
+3.05 σ
+2.07 σ
+2.46 σ
 +15.23% 04:00 PM
EZA South Africa 16.61
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.64 σ
+2.31 σ
+2.85 σ
 +23.20% 04:00 PM
EWS Singapore 16.54
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.08 σ
+3.22 σ
+3.36 σ
 +2.74% 04:00 PM
ECH Chile 16.08
Expensive
Overvalued
Fair
 10.14 13.16 14.57
+2.41 σ
+1.06 σ
+0.83 σ
 +36.23% 04:00 PM
NORW Norway 15.88
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.64 σ
+1.79 σ
+2.70 σ
 +12.35% 03:59 PM
EWO Austria 15.64
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.74 σ
+3.34 σ
+3.54 σ
 +23.37% 04:00 PM
EDEN Denmark 15.44
Fair
Undervalued
Fair
 16.80 18.18 16.55
-0.44 σ
-1.04 σ
-0.60 σ
 +5.45% 01:10 PM
EWW Mexico 15.33
Expensive
Overvalued
Fair
 12.53 13.71 14.27
+3.11 σ
+1.07 σ
+0.61 σ
 +22.09% 04:00 PM
THD Thailand 15.13
Undervalued
Undervalued
Fair
 17.57 17.52 15.81
-1.08 σ
-1.19 σ
-0.28 σ
 +9.82% 04:00 PM
EIRL Ireland 14.91
Fair
Fair
Fair
 15.22 15.60 16.16
-0.15 σ
-0.37 σ
-0.51 σ
 +11.91% 03:59 PM
EWP Spain 14.46
Expensive
Expensive
Overvalued
 11.29 11.86 11.55
+2.55 σ
+2.13 σ
+1.94 σ
 +17.24% 04:00 PM
TUR Turkey 14.32
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+4.87 σ
+6.62 σ
+3.94 σ
 +23.03% 04:00 PM
EWI Italy 14.01
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.92 σ
+1.76 σ
+1.80 σ
 +12.72% 04:00 PM
EPOL Poland 13.62
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.67 σ
+1.91 σ
+1.77 σ
 +16.84% 04:00 PM
EWZ Brazil 12.76
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.82 σ
+1.47 σ
+1.92 σ
 +26.86% 04:00 PM
QAT Qatar 12.40
Fair
-
-
 13.10 - -
-0.34 σ
-
-
 +3.88% 04:00 PM
GREK Greece 12.03
Overvalued
Fair
Fair
 9.51 11.34 10.99
+1.27 σ
+0.35 σ
+0.47 σ
 +22.13% 04:00 PM
EIDO Indonesia 11.94
Fair
Undervalued
Undervalued
 12.95 14.19 13.65
-0.75 σ
-1.59 σ
-1.40 σ
 -2.73% 04:00 PM
FXI China 10.59
Fair
Fair
Fair
 10.28 11.16 11.03
+0.25 σ
-0.42 σ
-0.26 σ
 +1.04% 04:00 PM
COLO Colombia 10.49
Expensive
Fair
Fair
 7.25 9.49 12.45
+2.06 σ
+0.45 σ
-0.68 σ
 +27.67% 04:00 PM
EPHE Philippines 9.28
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.37 σ
-2.23 σ
-2.74 σ
 +1.70% 04:00 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).