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
It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.
A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.
Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.
WORLD COUNTRIES P/E RATIO
Individual stock markets
Swipe left to see all data
P/E Evaluation | Historical P/E Average | P/E Deviation vs Avg | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Country | Trend | P/E▾ | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | 5 Years | 10 Years | 20 Years | |||
|
New Zealand | ENZL | 26.83 |
Fair
|
Fair
|
Overvalued
|
27.28 | 25.79 | 20.01 |
-0.10 σ
|
+0.25 σ
|
+1.36 σ
|
05 Dec | |
|
United States | VTI | 26.42 |
Expensive
|
Expensive
|
Expensive
|
21.15 | 18.75 | 16.15 |
+2.99 σ
|
+3.62 σ
|
+4.48 σ
|
05 Dec | |
|
India | INDA | 26.00 |
Expensive
|
Expensive
|
Expensive
|
22.36 | 19.71 | 17.32 |
+2.66 σ
|
+2.78 σ
|
+3.40 σ
|
05 Dec | |
|
Switzerland | EWL | 21.60 |
Expensive
|
Expensive
|
Expensive
|
18.50 | 17.50 | 15.45 |
+2.15 σ
|
+3.77 σ
|
+3.20 σ
|
05 Dec | |
|
Australia | EWA | 20.81 |
Expensive
|
Expensive
|
Expensive
|
16.55 | 15.83 | 14.53 |
+2.18 σ
|
+4.17 σ
|
+4.78 σ
|
05 Dec | |
|
Canada | EWC | 19.74 |
Expensive
|
Expensive
|
Expensive
|
14.77 | 14.87 | 14.21 |
+3.36 σ
|
+4.43 σ
|
+5.47 σ
|
05 Dec | |
|
Taiwan | EWT | 18.94 |
Overvalued
|
Expensive
|
Expensive
|
15.62 | 14.21 | 13.64 |
+1.56 σ
|
+2.89 σ
|
+3.72 σ
|
05 Dec | |
|
Argentina | ARGT | 17.95 |
Expensive
|
Expensive
|
Expensive
|
11.87 | 11.64 | 10.37 |
+5.13 σ
|
+4.50 σ
|
+3.38 σ
|
05 Dec | |
|
Thailand | THD | 17.86 |
Fair
|
Fair
|
Fair
|
18.97 | 18.03 | 15.53 |
-0.56 σ
|
-0.09 σ
|
+0.85 σ
|
05 Dec | |
|
France | EWQ | 17.53 |
Fair
|
Overvalued
|
Expensive
|
15.89 | 14.90 | 13.03 |
+0.93 σ
|
+1.93 σ
|
+2.62 σ
|
05 Dec | |
|
Denmark | EDEN | 17.08 |
Fair
|
Fair
|
Fair
|
19.41 | 18.62 | 16.50 |
-0.54 σ
|
-0.65 σ
|
+0.31 σ
|
05 Dec | |
|
United Kingdom | EWU | 17.02 |
Expensive
|
Expensive
|
Expensive
|
12.15 | 13.14 | 12.15 |
+3.02 σ
|
+2.71 σ
|
+3.38 σ
|
05 Dec | |
|
Perù | EPU | 16.65 |
Overvalued
|
Expensive
|
Expensive
|
12.22 | 12.61 | 12.48 |
+1.96 σ
|
+2.79 σ
|
+2.54 σ
|
05 Dec | |
|
Germany | EWG | 16.24 |
Overvalued
|
Expensive
|
Expensive
|
13.54 | 13.20 | 12.27 |
+1.67 σ
|
+3.06 σ
|
+3.64 σ
|
05 Dec | |
|
Japan | EWJ | 16.19 |
Fair
|
Overvalued
|
Overvalued
|
14.81 | 14.05 | 14.46 |
+0.85 σ
|
+1.75 σ
|
+1.08 σ
|
05 Dec | |
|
Belgium | EWK | 16.11 |
Fair
|
Fair
|
Fair
|
16.12 | 16.93 | 14.47 |
-0.00 σ
|
-0.42 σ
|
+0.64 σ
|
05 Dec | |
|
Malaysia | EWM | 15.45 |
Overvalued
|
Fair
|
Overvalued
|
14.48 | 15.09 | 14.59 |
+1.07 σ
|
+0.49 σ
|
+1.00 σ
|
05 Dec | |
|
Vietnam | VNM | 15.27 |
Fair
|
-
|
-
|
16.28 | - | - |
-0.33 σ
|
-
|
-
|
05 Dec | |
|
Hong Kong | EWH | 14.70 |
Fair
|
Fair
|
Fair
|
15.25 | 15.06 | 15.19 |
-0.53 σ
|
-0.42 σ
|
-0.52 σ
|
05 Dec | |
|
Netherlands | EWN | 14.23 |
Undervalued
|
Undervalued
|
Fair
|
18.98 | 16.80 | 13.99 |
-1.74 σ
|
-1.31 σ
|
+0.10 σ
|
05 Dec | |
|
Israel | EIS | 14.17 |
Overvalued
|
Expensive
|
Expensive
|
11.24 | 10.99 | 10.99 |
+1.75 σ
|
+3.31 σ
|
+2.06 σ
|
05 Dec | |
|
Ireland | EIRL | 13.97 |
Undervalued
|
Undervalued
|
Fair
|
16.83 | 16.08 | 16.12 |
-1.01 σ
|
-1.15 σ
|
-0.87 σ
|
05 Dec | |
|
South Africa | EZA | 13.73 |
Expensive
|
Fair
|
Overvalued
|
10.06 | 12.35 | 11.69 |
+3.99 σ
|
+0.67 σ
|
+1.28 σ
|
05 Dec | |
|
Sweden | EWD | 13.37 |
Undervalued
|
Undervalued
|
Fair
|
15.95 | 15.70 | 14.62 |
-1.41 σ
|
-1.99 σ
|
-0.91 σ
|
05 Dec | |
|
Singapore | EWS | 12.84 |
Fair
|
Fair
|
Fair
|
13.22 | 12.94 | 13.30 |
-0.32 σ
|
-0.11 σ
|
-0.53 σ
|
05 Dec | |
|
Indonesia | EIDO | 12.77 |
Fair
|
Undervalued
|
Fair
|
13.76 | 14.51 | 13.58 |
-0.67 σ
|
-1.51 σ
|
-0.60 σ
|
05 Dec | |
|
Chile | ECH | 11.81 |
Fair
|
Fair
|
Undervalued
|
10.57 | 13.38 | 14.80 |
+0.42 σ
|
-0.57 σ
|
-1.76 σ
|
05 Dec | |
|
Italy | EWI | 11.12 |
Fair
|
Fair
|
Fair
|
10.60 | 11.55 | 11.21 |
+0.29 σ
|
-0.27 σ
|
-0.06 σ
|
05 Dec | |
|
Mexico | EWW | 11.07 |
Undervalued
|
Undervalued
|
Undervalued
|
12.83 | 14.38 | 14.26 |
-1.76 σ
|
-1.80 σ
|
-1.84 σ
|
05 Dec | |
|
Philippines | EPHE | 10.99 |
Undervalued
|
Cheap
|
Cheap
|
14.27 | 16.07 | 15.32 |
-1.45 σ
|
-2.63 σ
|
-2.17 σ
|
05 Dec | |
|
Norway | NORW | 10.92 |
Fair
|
Fair
|
Fair
|
11.44 | 12.55 | 11.56 |
-0.20 σ
|
-0.92 σ
|
-0.41 σ
|
05 Dec | |
|
Qatar | QAT | 10.45 |
Undervalued
|
-
|
-
|
13.84 | - | - |
-1.69 σ
|
-
|
-
|
05 Dec | |
|
South Korea | EWY | 10.25 |
Fair
|
Fair
|
Fair
|
10.64 | 10.03 | 9.75 |
-0.34 σ
|
+0.24 σ
|
+0.54 σ
|
05 Dec | |
|
Spain | EWP | 9.99 |
Fair
|
Undervalued
|
Undervalued
|
11.57 | 12.05 | 11.60 |
-0.92 σ
|
-1.50 σ
|
-1.07 σ
|
05 Dec | |
|
Poland | EPOL | 9.73 |
Fair
|
Fair
|
Undervalued
|
9.90 | 11.07 | 11.49 |
-0.09 σ
|
-0.98 σ
|
-1.42 σ
|
05 Dec | |
|
China | FXI | 9.53 |
Fair
|
Undervalued
|
Fair
|
11.17 | 11.07 | 11.05 |
-0.79 σ
|
-1.07 σ
|
-0.90 σ
|
05 Dec | |
|
Brazil | EWZ | 8.54 |
Fair
|
Fair
|
Fair
|
8.35 | 10.10 | 9.75 |
+0.10 σ
|
-0.84 σ
|
-0.76 σ
|
05 Dec | |
|
Austria | EWO | 8.19 |
Fair
|
Fair
|
Undervalued
|
8.21 | 9.66 | 10.03 |
-0.01 σ
|
-0.81 σ
|
-1.11 σ
|
05 Dec | |
|
Colombia | GXG | 6.80 |
Fair
|
Undervalued
|
Cheap
|
7.60 | 10.13 | 13.08 |
-0.39 σ
|
-1.35 σ
|
-2.18 σ
|
05 Dec | |
|
Greece | GREK | 6.14 |
Undervalued
|
Cheap
|
Cheap
|
10.14 | 11.27 | 11.32 |
-1.73 σ
|
-2.56 σ
|
-2.22 σ
|
05 Dec | |
|
Turkey | TUR | 4.30 |
Undervalued
|
Undervalued
|
Cheap
|
5.47 | 6.52 | 8.04 |
-1.54 σ
|
-1.89 σ
|
-2.30 σ
|
05 Dec |
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).
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".
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).