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 27.10
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.54 σ
+5.93 σ
+6.97 σ
 +32.11% 08 Sep
ENZL New Zealand 25.76
Fair
Fair
Fair
 26.84 27.52 21.67
-0.28 σ
-0.44 σ
+0.75 σ
 +2.59% 08 Sep
VTI United States 24.67
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.59 σ
+1.38 σ
+2.46 σ
 +7.41% 08 Sep
EWL Switzerland 24.05
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.48 σ
+2.64 σ
+3.36 σ
 +0.34% 08 Sep
INDA India 22.29
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.65 σ
+0.55 σ
+1.41 σ
 -2.62% 08 Sep
EWA Australia 20.90
Overvalued
Expensive
Expensive
 17.66 16.83 15.03
+1.21 σ
+2.07 σ
+3.21 σ
 +5.68% 08 Sep
EWC Canada 19.32
Overvalued
Expensive
Expensive
 16.37 15.50 14.52
+1.05 σ
+2.06 σ
+3.61 σ
 +7.77% 08 Sep
EWS Singapore 19.05
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.96 σ
+4.77 σ
+5.56 σ
 +16.23% 08 Sep
EWJ Japan 19.05
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.51 σ
+2.91 σ
+2.88 σ
 +9.98% 08 Sep
EWN Netherlands 19.02
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.97 σ
+0.90 σ
+1.79 σ
 +9.18% 08 Sep
EWG Germany 18.27
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.48 σ
+2.43 σ
+3.88 σ
 +3.10% 08 Sep
EWQ France 17.84
Fair
Overvalued
Overvalued
 16.66 15.70 13.58
+0.59 σ
+1.20 σ
+1.95 σ
 +0.44% 08 Sep
EIS Israel 17.75
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.38 σ
+4.28 σ
+4.34 σ
 +3.57% 08 Sep
EWU United Kingdom 17.00
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.98 σ
+1.79 σ
+2.63 σ
 +4.48% 08 Sep
EDEN Denmark 16.75
Fair
Fair
Fair
 15.88 17.96 16.59
+0.41 σ
-0.45 σ
+0.09 σ
 +5.13% 08 Sep
EWP Spain 16.14
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.70 σ
+2.86 σ
+2.83 σ
 +9.55% 08 Sep
EIRL Ireland 15.78
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.35 σ
+0.14 σ
-0.19 σ
 +12.39% 08 Sep
ARGT Argentina 15.41
Overvalued
Overvalued
Overvalued
 13.17 12.84 10.86
+1.02 σ
+1.80 σ
+1.75 σ
 +3.73% 08 Sep
EWK Belgium 15.17
Fair
Fair
Fair
 15.96 16.82 15.08
-0.31 σ
-0.86 σ
+0.03 σ
 +5.48% 08 Sep
EWI Italy 15.14
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.36 σ
+2.29 σ
+2.43 σ
 +7.16% 08 Sep
EWD Sweden 14.95
Fair
Fair
Fair
 16.04 16.23 14.97
-0.53 σ
-0.83 σ
-0.01 σ
 +3.78% 08 Sep
THD Thailand 14.84
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.09 σ
-1.26 σ
-0.49 σ
 +9.64% 08 Sep
TUR Turkey 14.25
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.29 σ
+5.13 σ
+3.77 σ
 +3.67% 08 Sep
VNM Vietnam 14.06
Fair
Undervalued
-
 15.01 16.91 -
-0.48 σ
-1.06 σ
-
 -1.72% 08 Sep
EPOL Poland 13.66
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.71 σ
+1.81 σ
+1.76 σ
 +18.71% 08 Sep
NORW Norway 13.57
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.45 σ
+0.47 σ
+1.13 σ
 +9.00% 08 Sep
EWO Austria 13.46
Overvalued
Overvalued
Expensive
 8.68 9.77 9.96
+1.89 σ
+1.88 σ
+2.15 σ
 +15.29% 08 Sep
EWH Hong Kong 13.35
Undervalued
Cheap
Undervalued
 15.51 15.46 15.28
-1.75 σ
-2.04 σ
-1.82 σ
 +0.98% 08 Sep
EWW Mexico 12.69
Fair
Fair
Fair
 12.39 13.46 14.26
+0.39 σ
-0.60 σ
-0.91 σ
 +1.75% 08 Sep
ECH Chile 12.25
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.94 σ
-0.30 σ
-1.23 σ
 +0.18% 08 Sep
GREK Greece 11.81
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.39 σ
+0.25 σ
+0.42 σ
 +19.95% 08 Sep
QAT Qatar 11.27
Fair
Undervalued
-
 12.31 13.33 -
-0.70 σ
-1.50 σ
-
 -6.93% 08 Sep
COLO Colombia 10.88
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.24 σ
+0.66 σ
-0.50 σ
 +24.04% 08 Sep
EWZ Brazil 10.69
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.51 σ
+0.32 σ
+0.39 σ
 +7.33% 08 Sep
EWY South Korea 10.47
Fair
Fair
Fair
 10.85 10.40 9.99
-0.20 σ
+0.05 σ
+0.47 σ
 +28.38% 08 Sep
EIDO Indonesia 9.99
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.14 σ
-2.57 σ
-3.02 σ
 -13.84% 08 Sep
EZA South Africa 9.27
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.78 σ
-1.33 σ
-1.53 σ
 +3.13% 08 Sep
EPU Perù 9.19
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.53 σ
-2.48 σ
-2.28 σ
 +13.00% 08 Sep
FXI China 9.14
Fair
Undervalued
Undervalued
 9.87 11.11 10.95
-0.93 σ
-1.43 σ
-1.07 σ
 -4.59% 08 Sep
EPHE Philippines 7.99
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.72 σ
-2.33 σ
-3.13 σ
 -3.62% 08 Sep
EWM Malaysia 7.92
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.13 σ
-8.93 σ
-8.91 σ
 -0.77% 08 Sep
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).