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 28.47
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.39 σ
+0.26 σ
+1.28 σ
 +2.76% 29 May
EWT Taiwan 26.80
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+4.31 σ
+6.35 σ
+7.34 σ
 +45.82% 29 May
VTI United States 26.72
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.57 σ
+2.28 σ
+3.37 σ
 +10.97% 29 May
EWL Switzerland 23.31
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.43 σ
+2.65 σ
+3.28 σ
 +7.03% 29 May
INDA India 23.19
Fair
Overvalued
Overvalued
 23.07 20.77 18.01
+0.09 σ
+1.00 σ
+1.81 σ
 -6.41% 29 May
EWY South Korea 22.83
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+10.01 σ
+10.87 σ
+13.22 σ
 +80.64% 29 May
EWA Australia 20.86
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.40 σ
+2.32 σ
+3.48 σ
 +5.92% 29 May
EWC Canada 19.88
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.50 σ
+2.70 σ
+4.37 σ
 +9.61% 29 May
EWN Netherlands 19.29
Fair
Overvalued
Expensive
 17.66 17.02 14.40
+0.77 σ
+1.17 σ
+2.03 σ
 +12.84% 29 May
EWK Belgium 18.70
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.98 σ
+0.94 σ
+1.43 σ
 +9.23% 29 May
EWJ Japan 18.62
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.63 σ
+2.92 σ
+2.67 σ
 +9.82% 29 May
EWQ France 18.54
Fair
Overvalued
Expensive
 16.58 15.52 13.45
+1.00 σ
+1.73 σ
+2.41 σ
 +2.83% 29 May
EWG Germany 18.52
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.86 σ
+2.98 σ
+4.38 σ
 +3.66% 29 May
EWU United Kingdom 18.17
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.56 σ
+2.60 σ
+3.49 σ
 +5.55% 29 May
EIS Israel 17.86
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.93 σ
+4.82 σ
+4.50 σ
 +22.27% 29 May
EWH Hong Kong 17.69
Overvalued
Expensive
Expensive
 15.47 15.34 15.24
+1.89 σ
+2.44 σ
+2.40 σ
 +2.80% 29 May
ARGT Argentina 16.63
Overvalued
Expensive
Expensive
 12.85 12.63 10.73
+1.83 σ
+2.95 σ
+2.30 σ
 +11.85% 29 May
THD Thailand 16.55
Fair
Fair
Fair
 17.23 17.41 15.89
-0.33 σ
-0.43 σ
+0.28 σ
 +14.95% 29 May
NORW Norway 16.55
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+2.98 σ
+2.09 σ
+3.02 σ
 +16.37% 29 May
EDEN Denmark 16.46
Fair
Fair
Fair
 16.28 18.06 16.55
+0.07 σ
-0.60 σ
-0.05 σ
 +1.07% 29 May
EWS Singapore 16.40
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.73 σ
+2.85 σ
+3.13 σ
 +3.95% 29 May
EWD Sweden 16.25
Fair
Fair
Fair
 16.33 16.19 14.90
-0.04 σ
+0.03 σ
+0.84 σ
 +6.23% 29 May
VNM Vietnam 16.10
Fair
Fair
-
 15.32 16.73 -
+0.33 σ
-0.22 σ
-
 +2.22% 29 May
EWP Spain 15.51
Expensive
Expensive
Expensive
 11.29 11.94 11.58
+3.39 σ
+2.75 σ
+2.57 σ
 +9.29% 29 May
EIRL Ireland 14.91
Fair
Fair
Fair
 14.83 15.54 16.17
+0.05 σ
-0.34 σ
-0.52 σ
 +7.04% 29 May
EWO Austria 14.85
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+3.10 σ
+2.81 σ
+3.05 σ
 +18.25% 29 May
EWI Italy 14.76
Expensive
Expensive
Expensive
 10.61 11.46 11.17
+2.34 σ
+2.19 σ
+2.25 σ
 +9.75% 29 May
TUR Turkey 14.59
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.48 σ
+6.49 σ
+4.10 σ
 +2.75% 29 May
EWM Malaysia 14.58
Fair
Fair
Fair
 14.43 15.09 14.73
+0.19 σ
-0.67 σ
-0.19 σ
 +3.66% 29 May
EPU Perù 14.48
Overvalued
Overvalued
Overvalued
 12.13 12.84 12.31
+1.18 σ
+1.12 σ
+1.52 σ
 +17.66% 29 May
ECH Chile 13.42
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.35 σ
+0.10 σ
-0.62 σ
 +8.26% 29 May
EWW Mexico 13.00
Fair
Fair
Fair
 12.53 13.63 14.27
+0.53 σ
-0.44 σ
-0.73 σ
 +9.53% 29 May
EPOL Poland 12.82
Overvalued
Overvalued
Overvalued
 10.13 11.05 11.45
+1.30 σ
+1.29 σ
+1.12 σ
 +13.95% 29 May
COLO Colombia 11.80
Expensive
Overvalued
Fair
 7.21 9.45 12.35
+3.02 σ
+1.07 σ
-0.19 σ
 +5.78% 29 May
EWZ Brazil 11.71
Expensive
Fair
Overvalued
 8.01 10.05 10.04
+2.76 σ
+0.87 σ
+1.15 σ
 +4.80% 29 May
QAT Qatar 11.58
Fair
Undervalued
-
 12.78 13.38 -
-0.64 σ
-1.37 σ
-
 -0.24% 29 May
GREK Greece 11.26
Overvalued
Fair
Fair
 9.40 11.35 10.93
+1.00 σ
-0.04 σ
+0.15 σ
 +10.36% 29 May
EZA South Africa 9.80
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.52 σ
-1.16 σ
-1.25 σ
 +2.31% 29 May
FXI China 9.52
Fair
Undervalued
Fair
 10.10 11.17 11.00
-0.58 σ
-1.23 σ
-0.88 σ
 -9.02% 29 May
EIDO Indonesia 9.42
Cheap
Cheap
Cheap
 12.74 14.10 13.67
-2.69 σ
-3.20 σ
-3.53 σ
 -26.44% 29 May
EPHE Philippines 7.97
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.79 σ
-2.55 σ
-3.24 σ
 -6.01% 29 May
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).