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 30.05
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.71 σ
+0.69 σ
+1.61 σ
 +2.51% 01:00 PM
VTI United States 26.79
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.80 σ
+2.51 σ
+3.59 σ
 +5.90% 01:00 PM
EWL Switzerland 23.92
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.91 σ
+3.30 σ
+3.75 σ
 +12.85% 12:59 PM
INDA India 23.61
Fair
Overvalued
Overvalued
 23.08 20.66 17.99
+0.43 σ
+1.20 σ
+2.00 σ
 -1.56% 01:00 PM
EWA Australia 22.43
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.23 σ
+3.47 σ
+4.69 σ
 +9.95% 01:00 PM
EWT Taiwan 22.12
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.65 σ
+4.06 σ
+4.92 σ
 +18.89% 01:00 PM
EWC Canada 20.49
Overvalued
Expensive
Expensive
 15.73 15.26 14.40
+1.98 σ
+3.47 σ
+5.10 σ
 +13.31% 01:00 PM
EWU United Kingdom 20.48
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.67 σ
+4.15 σ
+5.07 σ
 +12.64% 01:00 PM
EWK Belgium 20.36
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.56 σ
+1.79 σ
+2.12 σ
 +17.65% 12:36 PM
EWH Hong Kong 19.75
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+3.72 σ
+4.92 σ
+4.56 σ
 +10.03% 12:59 PM
EWY South Korea 19.49
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+7.87 σ
+8.81 σ
+10.23 σ
 +59.00% 01:00 PM
EWQ France 19.46
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.54 σ
+2.40 σ
+2.98 σ
 +6.79% 01:00 PM
EWN Netherlands 18.97
Fair
Overvalued
Overvalued
 18.03 16.91 14.31
+0.36 σ
+1.06 σ
+1.97 σ
 +10.12% 01:00 PM
EWD Sweden 18.65
Fair
Overvalued
Expensive
 16.45 16.09 14.86
+0.94 σ
+1.65 σ
+2.43 σ
 +12.78% 12:54 PM
EWJ Japan 18.51
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.57 σ
+3.07 σ
+2.58 σ
 +18.23% 12:59 PM
EWG Germany 18.50
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.03 σ
+3.32 σ
+4.61 σ
 +5.23% 01:00 PM
EIS Israel 18.35
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.36 σ
+5.55 σ
+4.83 σ
 +23.77% 01:00 PM
VNM Vietnam 17.64
Fair
-
-
 15.64 - -
+0.73 σ
-
-
 +12.37% 12:59 PM
EWS Singapore 17.04
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.44 σ
+3.71 σ
+3.89 σ
 +4.03% 01:00 PM
EZA South Africa 16.73
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.71 σ
+2.37 σ
+2.92 σ
 +22.66% 12:47 PM
EPU Perù 16.64
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.34 σ
+2.72 σ
+3.00 σ
 +43.80% 12:59 PM
ARGT Argentina 16.26
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.94 σ
+2.95 σ
+2.26 σ
 +8.31% 12:58 PM
EWM Malaysia 16.22
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.50 σ
+1.52 σ
+1.93 σ
 +15.27% 12:56 PM
EDEN Denmark 15.92
Fair
Fair
Fair
 16.80 18.18 16.55
-0.28 σ
-0.86 σ
-0.34 σ
 +2.08% 12:31 PM
TUR Turkey 15.86
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.77 σ
+7.92 σ
+4.90 σ
 +23.57% 01:00 PM
THD Thailand 15.81
Fair
Fair
Fair
 17.57 17.52 15.81
-0.78 σ
-0.85 σ
-0.00 σ
 +20.76% 12:56 PM
EWO Austria 15.33
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.58 σ
+3.16 σ
+3.35 σ
 +20.38% 12:53 PM
ECH Chile 15.13
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.03 σ
+0.71 σ
+0.31 σ
 +23.59% 01:00 PM
NORW Norway 14.81
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.08 σ
+1.20 σ
+2.03 σ
 +16.11% 12:57 PM
EWP Spain 14.32
Expensive
Expensive
Overvalued
 11.29 11.86 11.55
+2.44 σ
+2.02 σ
+1.84 σ
 +14.52% 12:59 PM
EIRL Ireland 14.24
Fair
Fair
Fair
 15.22 15.60 16.16
-0.47 σ
-0.73 σ
-0.79 σ
 +5.96% 12:59 PM
EWW Mexico 14.00
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.63 σ
+0.19 σ
-0.16 σ
 +22.93% 01:00 PM
EWI Italy 13.66
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.72 σ
+1.53 σ
+1.58 σ
 +9.08% 01:00 PM
EPOL Poland 13.41
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.57 σ
+1.76 σ
+1.60 σ
 +13.70% 12:56 PM
EWZ Brazil 12.74
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.80 σ
+1.46 σ
+1.91 σ
 +24.82% 01:00 PM
QAT Qatar 12.72
Fair
-
-
 13.10 - -
-0.19 σ
-
-
 +4.18% 12:20 PM
EIDO Indonesia 12.64
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.23 σ
-1.09 σ
-0.83 σ
 -1.69% 01:00 PM
FXI China 10.93
Fair
Fair
Fair
 10.28 11.16 11.03
+0.51 σ
-0.17 σ
-0.06 σ
 -0.25% 01:00 PM
GREK Greece 10.50
Fair
Fair
Fair
 9.51 11.34 10.99
+0.50 σ
-0.43 σ
-0.22 σ
 +14.03% 12:59 PM
EPHE Philippines 9.73
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.20 σ
-2.05 σ
-2.54 σ
 +3.91% 01:00 PM
COLO Colombia 9.24
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.27 σ
-0.11 σ
-1.12 σ
 +21.98% 12:59 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).