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 26.76
Fair
Fair
Fair
 26.98 27.41 21.39
-0.06 σ
-0.16 σ
+0.97 σ
 -3.40% 09:30 AM
VTI United States 26.02
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.30 σ
+2.04 σ
+3.13 σ
 +9.04% 09:30 AM
EWT Taiwan 23.97
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.17 σ
+4.81 σ
+5.70 σ
 +32.68% 09:30 AM
EWL Switzerland 23.00
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.30 σ
+2.49 σ
+3.14 σ
 +6.13% 09:30 AM
INDA India 22.93
Fair
Fair
Overvalued
 23.07 20.77 18.01
-0.11 σ
+0.89 σ
+1.72 σ
 -7.66% 09:30 AM
EWA Australia 20.61
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.30 σ
+2.18 σ
+3.33 σ
 +4.92% 09:30 AM
EWY South Korea 19.98
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.69 σ
+8.40 σ
+10.30 σ
 +63.37% 09:30 AM
EWC Canada 19.70
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.43 σ
+2.59 σ
+4.23 σ
 +9.31% 09:30 AM
EWN Netherlands 18.80
Fair
Fair
Overvalued
 17.66 17.02 14.40
+0.54 σ
+0.92 σ
+1.82 σ
 +10.81% 09:30 AM
EWK Belgium 18.48
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.89 σ
+0.82 σ
+1.35 σ
 +8.52% 09:30 AM
EWQ France 18.35
Fair
Overvalued
Expensive
 16.58 15.52 13.45
+0.90 σ
+1.62 σ
+2.32 σ
 +1.99% 09:30 AM
EWG Germany 18.28
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.75 σ
+2.83 σ
+4.21 σ
 +2.45% 09:30 AM
EWH Hong Kong 18.28
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.40 σ
+3.05 σ
+2.98 σ
 +6.55% 09:30 AM
EWJ Japan 18.27
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.39 σ
+2.68 σ
+2.44 σ
 +8.34% 09:30 AM
EWU United Kingdom 18.22
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.58 σ
+2.63 σ
+3.52 σ
 +6.32% 09:30 AM
EIS Israel 17.14
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.58 σ
+4.29 σ
+4.04 σ
 +18.91% 09:30 AM
NORW Norway 17.06
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.25 σ
+2.37 σ
+3.34 σ
 +21.11% 09:30 AM
VNM Vietnam 16.62
Fair
Fair
-
 15.32 16.73 -
+0.56 σ
-0.04 σ
-
 +5.85% 09:30 AM
EWS Singapore 16.46
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.76 σ
+2.90 σ
+3.19 σ
 +4.56% 09:30 AM
EDEN Denmark 16.41
Fair
Fair
Fair
 16.28 18.06 16.55
+0.05 σ
-0.62 σ
-0.08 σ
 +0.92% 09:30 AM
THD Thailand 16.30
Fair
Fair
Fair
 17.23 17.41 15.89
-0.46 σ
-0.56 σ
+0.17 σ
 +13.99% 09:30 AM
EWD Sweden 15.80
Fair
Fair
Fair
 16.33 16.19 14.90
-0.24 σ
-0.25 σ
+0.56 σ
 +3.79% 09:30 AM
TUR Turkey 15.44
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.84 σ
+7.16 σ
+4.62 σ
 +9.07% 09:30 AM
ARGT Argentina 15.33
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.20 σ
+1.99 σ
+1.79 σ
 +3.42% 09:30 AM
EWP Spain 15.30
Expensive
Expensive
Expensive
 11.29 11.94 11.58
+3.23 σ
+2.59 σ
+2.43 σ
 +8.50% 09:30 AM
EWM Malaysia 15.06
Fair
Fair
Fair
 14.43 15.09 14.73
+0.79 σ
-0.04 σ
+0.42 σ
 +7.60% 09:30 AM
EWI Italy 14.57
Expensive
Expensive
Expensive
 10.61 11.46 11.17
+2.23 σ
+2.06 σ
+2.14 σ
 +8.93% 09:30 AM
EIRL Ireland 14.54
Fair
Fair
Fair
 14.83 15.54 16.17
-0.18 σ
-0.53 σ
-0.67 σ
 +4.84% 09:30 AM
EWO Austria 14.27
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.82 σ
+2.49 σ
+2.69 σ
 +14.57% 09:30 AM
EPU Perù 13.85
Fair
Fair
Overvalued
 12.13 12.84 12.31
+0.86 σ
+0.69 σ
+1.08 σ
 +14.12% 09:30 AM
EWW Mexico 13.01
Fair
Fair
Fair
 12.53 13.63 14.27
+0.53 σ
-0.44 σ
-0.73 σ
 +10.35% 09:30 AM
ECH Chile 12.97
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.17 σ
-0.06 σ
-0.87 σ
 +5.52% 09:30 AM
EPOL Poland 12.58
Overvalued
Overvalued
Fair
 10.13 11.05 11.45
+1.19 σ
+1.11 σ
+0.92 σ
 +12.48% 09:30 AM
EWZ Brazil 11.99
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+2.96 σ
+1.01 σ
+1.33 σ
 +8.07% 09:30 AM
QAT Qatar 11.20
Fair
Undervalued
-
 12.78 13.38 -
-0.85 σ
-1.66 σ
-
 -3.68% 09:30 AM
COLO Colombia 11.16
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.59 σ
+0.78 σ
-0.42 σ
 +0.65% 09:30 AM
GREK Greece 10.66
Fair
Fair
Fair
 9.40 11.35 10.93
+0.68 σ
-0.35 σ
-0.12 σ
 +4.87% 09:30 AM
EIDO Indonesia 9.99
Cheap
Cheap
Cheap
 12.74 14.10 13.67
-2.23 σ
-2.81 σ
-3.06 σ
 -22.65% 09:30 AM
FXI China 9.84
Fair
Fair
Fair
 10.10 11.17 11.00
-0.26 σ
-0.99 σ
-0.69 σ
 -6.09% 09:30 AM
EZA South Africa 9.67
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.59 σ
-1.23 σ
-1.32 σ
 +1.56% 09:30 AM
EPHE Philippines 8.19
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.70 σ
-2.46 σ
-3.14 σ
 -3.59% 09:30 AM
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).