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 29.98
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.71 σ
+0.66 σ
+1.58 σ
 -2.03% 01:00 PM
VTI United States 26.10
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.45 σ
+2.19 σ
+3.29 σ
 +1.85% 01:00 PM
EWT Taiwan 23.81
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.36 σ
+4.93 σ
+5.83 σ
 +13.40% 01:00 PM
EWL Switzerland 23.56
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.66 σ
+2.99 σ
+3.52 σ
 +3.87% 12:58 PM
EWA Australia 22.71
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.27 σ
+3.52 σ
+4.75 σ
 +6.31% 01:00 PM
EWY South Korea 21.03
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.21 σ
+9.96 σ
+11.70 σ
 +43.93% 01:00 PM
EWH Hong Kong 20.35
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.23 σ
+5.46 σ
+5.10 σ
 +6.72% 01:00 PM
EWC Canada 20.16
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.74 σ
+3.12 σ
+4.75 σ
 +9.90% 12:59 PM
EWQ France 19.81
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.68 σ
+2.56 σ
+3.10 σ
 -1.35% 01:00 PM
EWU United Kingdom 19.74
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.27 σ
+3.59 σ
+4.55 σ
 +7.91% 01:00 PM
EWK Belgium 19.44
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.22 σ
+1.30 σ
+1.75 σ
 +3.20% 01:00 PM
EWJ Japan 19.41
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.20 σ
+3.61 σ
+3.15 σ
 +5.08% 01:00 PM
EWN Netherlands 19.07
Fair
Overvalued
Overvalued
 17.92 16.96 14.35
+0.47 σ
+1.08 σ
+1.98 σ
 +4.67% 12:57 PM
EWG Germany 18.33
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.86 σ
+3.08 σ
+4.40 σ
 -3.40% 01:00 PM
EWD Sweden 18.20
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.75 σ
+1.32 σ
+2.11 σ
 +4.49% 12:57 PM
EPU Perù 17.16
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.61 σ
+3.00 σ
+3.36 σ
 +26.70% 12:53 PM
EIS Israel 16.97
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.60 σ
+4.36 σ
+3.92 σ
 +15.27% 12:58 PM
EZA South Africa 16.97
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.67 σ
+2.47 σ
+3.03 σ
 +7.72% 12:55 PM
EWS Singapore 16.66
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.06 σ
+3.26 σ
+3.45 σ
 +0.40% 12:59 PM
ARGT Argentina 16.52
Overvalued
Expensive
Expensive
 12.65 12.50 10.68
+1.98 σ
+3.05 σ
+2.33 σ
 +0.76% 12:59 PM
EWM Malaysia 15.89
Overvalued
Overvalued
Overvalued
 14.36 15.09 14.71
+1.95 σ
+1.05 σ
+1.49 σ
 +10.88% 12:54 PM
VNM Vietnam 15.69
Fair
Fair
-
 15.52 16.63 -
+0.07 σ
-0.31 σ
-
 -0.57% 01:00 PM
EWP Spain 15.66
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.51 σ
+3.02 σ
+2.71 σ
 +6.66% 12:59 PM
EDEN Denmark 15.60
Fair
Fair
Fair
 16.62 18.14 16.55
-0.34 σ
-0.96 σ
-0.52 σ
 -8.50% 12:57 PM
NORW Norway 15.54
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.46 σ
+1.58 σ
+2.46 σ
 +19.87% 01:00 PM
EWO Austria 15.05
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.44 σ
+2.96 σ
+3.17 σ
 +6.01% 12:59 PM
ECH Chile 15.03
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.98 σ
+0.67 σ
+0.26 σ
 +10.23% 01:00 PM
THD Thailand 15.02
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.13 σ
-1.23 σ
-0.34 σ
 +11.10% 01:00 PM
EWW Mexico 14.91
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.64 σ
+0.83 σ
+0.37 σ
 +8.91% 12:58 PM
EIRL Ireland 14.63
Fair
Fair
Fair
 15.09 15.59 16.16
-0.24 σ
-0.51 σ
-0.63 σ
 -1.44% 12:43 PM
TUR Turkey 14.11
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.15 σ
+6.32 σ
+3.81 σ
 +10.87% 01:00 PM
EWI Italy 13.59
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.68 σ
+1.45 σ
+1.53 σ
 +1.48% 12:59 PM
EWZ Brazil 13.37
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.26 σ
+1.77 σ
+2.32 σ
 +15.65% 01:00 PM
EPOL Poland 13.34
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.53 σ
+1.68 σ
+1.54 σ
 +3.89% 01:00 PM
INDA India 12.71
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.41 σ
-3.28 σ
-1.87 σ
 -8.71% 01:00 PM
QAT Qatar 12.09
Fair
Fair
-
 13.01 13.38 -
-0.46 σ
-1.00 σ
-
 -3.23% 01:00 PM
GREK Greece 11.92
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.26 σ
+0.29 σ
+0.43 σ
 -0.76% 12:59 PM
EIDO Indonesia 11.85
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.80 σ
-1.62 σ
-1.49 σ
 -14.36% 01:00 PM
COLO Colombia 11.59
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.88 σ
+0.96 σ
-0.28 σ
 +10.07% 12:53 PM
FXI China 10.61
Fair
Fair
Fair
 10.21 11.17 11.02
+0.34 σ
-0.42 σ
-0.25 σ
 -4.44% 12:59 PM
EPHE Philippines 10.08
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.02 σ
-1.86 σ
-2.34 σ
 -4.69% 12:51 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).