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
Swipe left to see all data
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 26.34
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.28 σ
+5.54 σ
+6.56 σ
 +26.31% 16 Sep
ENZL New Zealand 24.69
Fair
Fair
Fair
 26.84 27.52 21.67
-0.56 σ
-0.71 σ
+0.55 σ
 -1.74% 16 Sep
VTI United States 24.25
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.44 σ
+1.24 σ
+2.32 σ
 +5.19% 16 Sep
EWL Switzerland 23.45
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.25 σ
+2.34 σ
+3.11 σ
 -2.36% 16 Sep
INDA India 21.55
Undervalued
Fair
Overvalued
 23.11 21.00 18.17
-1.24 σ
+0.23 σ
+1.16 σ
 -5.50% 16 Sep
EWA Australia 19.85
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.82 σ
+1.54 σ
+2.63 σ
 -0.02% 16 Sep
EWJ Japan 18.86
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.40 σ
+2.79 σ
+2.76 σ
 +8.33% 16 Sep
EWC Canada 18.81
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.87 σ
+1.78 σ
+3.23 σ
 +4.40% 16 Sep
EWS Singapore 18.19
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.45 σ
+4.02 σ
+4.70 σ
 +10.35% 16 Sep
EWN Netherlands 18.18
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.45 σ
+0.48 σ
+1.45 σ
 +3.84% 16 Sep
EWG Germany 17.79
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.29 σ
+2.16 σ
+3.56 σ
 +0.19% 16 Sep
EIS Israel 17.46
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.26 σ
+4.07 σ
+4.15 σ
 +1.32% 16 Sep
EWQ France 17.27
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.30 σ
+0.88 σ
+1.69 σ
 -2.85% 16 Sep
EWU United Kingdom 16.68
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.88 σ
+1.63 σ
+2.45 σ
 +2.18% 16 Sep
EDEN Denmark 15.91
Fair
Fair
Fair
 15.88 17.96 16.59
+0.01 σ
-0.76 σ
-0.38 σ
 -0.35% 16 Sep
EWP Spain 15.78
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.42 σ
+2.61 σ
+2.61 σ
 +6.48% 16 Sep
EIRL Ireland 15.53
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.08 σ
+0.00 σ
-0.30 σ
 +10.01% 16 Sep
ARGT Argentina 14.99
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.83 σ
+1.51 σ
+1.60 σ
 +0.70% 16 Sep
EWI Italy 14.94
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.25 σ
+2.16 σ
+2.30 σ
 +5.17% 16 Sep
EWK Belgium 14.92
Fair
Fair
Fair
 15.96 16.82 15.08
-0.41 σ
-1.00 σ
-0.06 σ
 +3.34% 16 Sep
EWD Sweden 14.40
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.80 σ
-1.18 σ
-0.37 σ
 -0.37% 16 Sep
THD Thailand 14.05
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.53 σ
-1.68 σ
-0.84 σ
 +3.16% 16 Sep
VNM Vietnam 13.64
Fair
Undervalued
-
 15.01 16.91 -
-0.69 σ
-1.22 σ
-
 -4.66% 16 Sep
NORW Norway 13.35
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.34 σ
+0.36 σ
+1.00 σ
 +6.41% 16 Sep
EPOL Poland 13.19
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.48 σ
+1.48 σ
+1.38 σ
 +13.54% 16 Sep
EWO Austria 13.00
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.71 σ
+1.65 σ
+1.87 σ
 +10.31% 16 Sep
EWH Hong Kong 12.97
Cheap
Cheap
Cheap
 15.51 15.46 15.28
-2.06 σ
-2.40 σ
-2.17 σ
 -1.96% 16 Sep
TUR Turkey 12.74
Overvalued
Expensive
Expensive
 7.11 6.56 7.99
+1.81 σ
+4.12 σ
+2.86 σ
 -7.73% 16 Sep
EWW Mexico 12.06
Fair
Undervalued
Undervalued
 12.39 13.46 14.26
-0.43 σ
-1.09 σ
-1.27 σ
 -3.57% 16 Sep
GREK Greece 11.66
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.31 σ
+0.17 σ
+0.35 σ
 +17.36% 16 Sep
ECH Chile 11.62
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.67 σ
-0.54 σ
-1.58 σ
 -5.20% 16 Sep
QAT Qatar 11.04
Fair
Undervalued
-
 12.31 13.33 -
-0.85 σ
-1.67 σ
-
 -8.63% 16 Sep
COLO Colombia 10.63
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.08 σ
+0.54 σ
-0.59 σ
 +19.87% 16 Sep
EWZ Brazil 10.37
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.32 σ
+0.15 σ
+0.17 σ
 +3.71% 16 Sep
EWY South Korea 9.68
Fair
Fair
Fair
 10.85 10.40 9.99
-0.62 σ
-0.55 σ
-0.30 σ
 +16.50% 16 Sep
EIDO Indonesia 9.53
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.54 σ
-2.87 σ
-3.40 σ
 -16.88% 16 Sep
FXI China 8.86
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.29 σ
-1.63 σ
-1.24 σ
 -7.18% 16 Sep
EPU Perù 8.79
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.73 σ
-2.75 σ
-2.57 σ
 +6.99% 16 Sep
EZA South Africa 8.78
Undervalued
Undervalued
Undervalued
 10.69 11.86 11.89
-1.05 σ
-1.58 σ
-1.81 σ
 -2.44% 16 Sep
EWM Malaysia 7.74
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.36 σ
-9.16 σ
-9.15 σ
 -3.21% 16 Sep
EPHE Philippines 7.69
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.85 σ
-2.43 σ
-3.26 σ
 -7.06% 16 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).