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 28.75
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.43 σ
+0.34 σ
+1.34 σ
 -6.29% 09:30 AM
VTI United States 26.92
Overvalued
Expensive
Expensive
 22.65 20.07 16.76
+1.69 σ
+2.40 σ
+3.50 σ
 -0.51% 09:30 AM
EWT Taiwan 24.06
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.33 σ
+4.97 σ
+5.86 σ
 +12.29% 09:30 AM
EWL Switzerland 23.73
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.66 σ
+2.97 σ
+3.53 σ
 +3.83% 09:30 AM
EWA Australia 22.51
Expensive
Expensive
Expensive
 17.27 16.59 14.88
+2.11 σ
+3.30 σ
+4.53 σ
 +4.52% 09:30 AM
EWH Hong Kong 20.69
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+4.53 σ
+5.72 σ
+5.38 σ
 +7.10% 09:30 AM
EWY South Korea 20.44
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+8.61 σ
+9.12 σ
+10.92 σ
 +33.93% 09:30 AM
EWQ France 20.13
Overvalued
Expensive
Expensive
 16.58 15.49 13.42
+1.80 σ
+2.68 σ
+3.20 σ
 -0.23% 09:30 AM
EWC Canada 20.06
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.63 σ
+2.92 σ
+4.59 σ
 +7.74% 09:30 AM
EWJ Japan 20.00
Expensive
Expensive
Expensive
 14.84 14.34 14.43
+3.61 σ
+3.95 σ
+3.53 σ
 +7.02% 09:30 AM
EWU United Kingdom 19.92
Expensive
Expensive
Expensive
 13.35 13.40 12.34
+2.21 σ
+3.62 σ
+4.61 σ
 +7.71% 09:30 AM
EWK Belgium 19.73
Overvalued
Overvalued
Overvalued
 16.14 16.89 14.92
+1.33 σ
+1.45 σ
+1.83 σ
 +3.76% 09:30 AM
EWN Netherlands 18.93
Fair
Fair
Overvalued
 17.80 17.00 14.37
+0.49 σ
+0.99 σ
+1.90 σ
 +2.96% 09:30 AM
EWG Germany 18.34
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.80 σ
+2.95 σ
+4.33 σ
 -3.44% 09:30 AM
EWD Sweden 18.10
Fair
Overvalued
Expensive
 16.40 16.18 14.89
+0.74 σ
+1.23 σ
+2.01 σ
 +3.06% 09:30 AM
ARGT Argentina 17.98
Expensive
Expensive
Expensive
 12.77 12.57 10.71
+2.56 σ
+4.01 σ
+2.86 σ
 +9.05% 09:30 AM
EPU Perù 17.61
Expensive
Expensive
Expensive
 12.12 12.86 12.31
+2.74 σ
+3.21 σ
+3.68 σ
 +26.01% 09:30 AM
EWS Singapore 17.16
Expensive
Expensive
Expensive
 13.74 13.32 13.39
+2.29 σ
+3.67 σ
+3.94 σ
 +2.51% 09:30 AM
EZA South Africa 17.11
Expensive
Expensive
Expensive
 10.75 12.13 11.93
+3.56 σ
+2.54 σ
+3.08 σ
 +7.01% 09:30 AM
EIS Israel 16.94
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.54 σ
+4.24 σ
+3.91 σ
 +12.42% 09:30 AM
EWP Spain 16.29
Expensive
Expensive
Expensive
 11.29 11.92 11.57
+4.02 σ
+3.41 σ
+3.10 σ
 +9.22% 09:30 AM
EDEN Denmark 16.14
Fair
Fair
Fair
 16.46 18.10 16.56
-0.11 σ
-0.74 σ
-0.23 σ
 -4.96% 09:30 AM
NORW Norway 16.13
Expensive
Overvalued
Expensive
 10.79 12.65 11.60
+2.77 σ
+1.88 σ
+2.79 σ
 +22.01% 09:30 AM
VNM Vietnam 16.02
Fair
Fair
-
 15.43 16.68 -
+0.24 σ
-0.22 σ
-
 -0.06% 09:30 AM
EWO Austria 15.84
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.71 σ
+3.36 σ
+3.67 σ
 +9.96% 09:30 AM
THD Thailand 15.80
Fair
Fair
Fair
 17.35 17.45 15.87
-0.73 σ
-0.83 σ
-0.03 σ
 +14.82% 09:30 AM
EWM Malaysia 15.74
Overvalued
Fair
Overvalued
 14.40 15.09 14.72
+1.69 σ
+0.85 σ
+1.29 σ
 +8.21% 09:30 AM
EWW Mexico 15.57
Expensive
Overvalued
Fair
 12.52 13.66 14.28
+3.38 σ
+1.32 σ
+0.75 σ
 +12.06% 09:30 AM
ECH Chile 15.38
Expensive
Fair
Fair
 10.14 13.17 14.56
+2.13 σ
+0.80 σ
+0.46 σ
 +10.95% 09:30 AM
EIRL Ireland 14.91
Fair
Fair
Fair
 14.97 15.57 16.17
-0.03 σ
-0.35 σ
-0.52 σ
 -0.09% 09:30 AM
EWZ Brazil 14.29
Expensive
Expensive
Expensive
 7.99 10.04 10.02
+4.82 σ
+2.22 σ
+2.94 σ
 +20.96% 09:30 AM
TUR Turkey 14.19
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+3.73 σ
+6.26 σ
+3.86 σ
 +9.61% 09:30 AM
EWI Italy 14.18
Expensive
Overvalued
Overvalued
 10.61 11.46 11.16
+2.02 σ
+1.82 σ
+1.90 σ
 +4.91% 09:30 AM
EPOL Poland 14.02
Overvalued
Expensive
Expensive
 10.16 11.05 11.46
+1.85 σ
+2.15 σ
+2.08 σ
 +7.71% 09:30 AM
GREK Greece 12.33
Overvalued
Fair
Fair
 9.45 11.36 10.96
+1.50 σ
+0.49 σ
+0.63 σ
 +1.46% 09:30 AM
INDA India 12.29
Cheap
Cheap
Cheap
 23.07 20.73 18.00
-8.40 σ
-3.45 σ
-2.00 σ
 -11.47% 09:30 AM
EIDO Indonesia 12.21
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.49 σ
-1.34 σ
-1.21 σ
 -11.29% 09:30 AM
COLO Colombia 12.15
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+3.25 σ
+1.21 σ
-0.08 σ
 +13.19% 09:30 AM
QAT Qatar 12.09
Fair
Undervalued
-
 12.91 13.39 -
-0.42 σ
-1.00 σ
-
 -3.54% 09:30 AM
FXI China 10.30
Fair
Fair
Fair
 10.16 11.17 11.02
+0.13 σ
-0.65 σ
-0.43 σ
 -7.57% 09:30 AM
EPHE Philippines 10.26
Fair
Undervalued
Cheap
 12.51 14.84 15.19
-0.91 σ
-1.74 σ
-2.24 σ
 -2.85% 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).