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 30.07
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.72 σ
+0.70 σ
+1.62 σ
 +1.87% 12:49 PM
VTI United States 26.89
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.84 σ
+2.54 σ
+3.63 σ
 +5.51% 01:00 PM
EWL Switzerland 24.32
Expensive
Expensive
Expensive
 19.61 18.17 15.81
+2.09 σ
+3.53 σ
+3.93 σ
 +14.13% 01:00 PM
INDA India 23.58
Fair
Overvalued
Overvalued
 23.08 20.66 17.99
+0.40 σ
+1.19 σ
+1.99 σ
 -1.63% 01:00 PM
EWT Taiwan 22.99
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+3.03 σ
+4.56 σ
+5.45 σ
 +22.17% 12:59 PM
EWA Australia 22.75
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.36 σ
+3.66 σ
+4.89 σ
 +10.95% 12:56 PM
EWY South Korea 21.21
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+9.37 σ
+10.45 σ
+12.07 σ
 +68.20% 01:00 PM
EWU United Kingdom 20.82
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.80 σ
+4.35 σ
+5.28 σ
 +13.76% 12:58 PM
EWC Canada 20.81
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.11 σ
+3.68 σ
+5.37 σ
 +14.09% 01:00 PM
EWH Hong Kong 20.36
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.24 σ
+5.57 σ
+5.17 σ
 +12.47% 12:58 PM
EWK Belgium 20.30
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.54 σ
+1.76 σ
+2.10 σ
 +16.37% 12:55 PM
EWQ France 19.83
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.73 σ
+2.62 σ
+3.16 σ
 +8.37% 12:58 PM
EWN Netherlands 19.31
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.49 σ
+1.23 σ
+2.12 σ
 +11.35% 12:55 PM
EWD Sweden 18.83
Overvalued
Overvalued
Expensive
 16.45 16.09 14.86
+1.02 σ
+1.77 σ
+2.55 σ
 +13.19% 12:57 PM
EWG Germany 18.48
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.02 σ
+3.31 σ
+4.60 σ
 +4.83% 12:58 PM
EIS Israel 18.08
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.22 σ
+5.34 σ
+4.65 σ
 +20.44% 12:59 PM
EWJ Japan 18.02
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.23 σ
+2.72 σ
+2.28 σ
 +14.29% 01:00 PM
VNM Vietnam 17.95
Fair
-
-
 15.64 - -
+0.84 σ
-
-
 +12.94% 12:58 PM
EPU Perù 17.57
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.82 σ
+3.38 σ
+3.65 σ
 +48.58% 12:49 PM
EZA South Africa 17.50
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+4.18 σ
+2.77 σ
+3.38 σ
 +26.66% 12:58 PM
EWS Singapore 17.34
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.66 σ
+3.99 σ
+4.21 σ
 +5.34% 12:59 PM
THD Thailand 16.46
Fair
Fair
Fair
 17.57 17.52 15.81
-0.49 σ
-0.53 σ
+0.26 σ
 +24.65% 12:45 PM
ARGT Argentina 16.44
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.03 σ
+3.09 σ
+2.33 σ
 +9.16% 12:59 PM
EWM Malaysia 16.38
Expensive
Overvalued
Expensive
 14.33 15.08 14.70
+2.70 σ
+1.72 σ
+2.13 σ
 +15.68% 12:46 PM
TUR Turkey 15.78
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.73 σ
+7.85 σ
+4.85 σ
 +21.76% 12:56 PM
ECH Chile 15.40
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.13 σ
+0.81 σ
+0.45 σ
 +24.42% 12:59 PM
EWO Austria 15.32
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.58 σ
+3.16 σ
+3.35 σ
 +19.02% 12:45 PM
NORW Norway 15.16
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.27 σ
+1.40 σ
+2.25 σ
 +17.91% 12:48 PM
EDEN Denmark 15.01
Fair
Undervalued
Fair
 16.80 18.18 16.55
-0.57 σ
-1.20 σ
-0.83 σ
 -3.86% 12:55 PM
EWP Spain 14.67
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.71 σ
+2.30 σ
+2.07 σ
 +16.13% 12:57 PM
EIRL Ireland 14.28
Fair
Fair
Fair
 15.22 15.60 16.16
-0.45 σ
-0.71 σ
-0.78 σ
 +5.75% 12:51 PM
EWW Mexico 14.00
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.63 σ
+0.19 σ
-0.16 σ
 +21.63% 12:59 PM
EWI Italy 13.96
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.89 σ
+1.74 σ
+1.77 σ
 +10.73% 12:55 PM
EPOL Poland 13.51
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.62 σ
+1.83 σ
+1.68 σ
 +13.66% 12:59 PM
EWZ Brazil 13.21
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+4.17 σ
+1.71 σ
+2.23 σ
 +27.89% 01:00 PM
EIDO Indonesia 12.74
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.16 σ
-1.02 σ
-0.75 σ
 -0.98% 12:59 PM
QAT Qatar 12.63
Fair
-
-
 13.10 - -
-0.22 σ
-
-
 +3.27% 12:49 PM
FXI China 10.92
Fair
Fair
Fair
 10.28 11.16 11.03
+0.51 σ
-0.18 σ
-0.07 σ
 -0.63% 01:00 PM
GREK Greece 10.24
Fair
Fair
Fair
 9.51 11.34 10.99
+0.37 σ
-0.56 σ
-0.34 σ
 +10.10% 12:51 PM
EPHE Philippines 9.98
Undervalued
Undervalued
Cheap
 12.79 14.98 15.22
-1.10 σ
-1.95 σ
-2.42 σ
 +6.59% 12:57 PM
COLO Colombia 9.41
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.37 σ
-0.04 σ
-1.06 σ
 +22.62% 12:59 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).