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)
ENZL New Zealand 29.17
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.51 σ
+0.46 σ
+1.43 σ
 -4.66% 12:32 PM
VTI United States 25.59
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.23 σ
+2.00 σ
+3.11 σ
 -0.38% 01:00 PM
EWT Taiwan 23.31
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.14 σ
+4.65 σ
+5.53 σ
 +10.36% 12:59 PM
EWL Switzerland 22.50
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.21 σ
+2.39 σ
+3.04 σ
 -0.88% 01:00 PM
EWA Australia 21.94
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.96 σ
+3.09 σ
+4.29 σ
 +2.57% 01:00 PM
EWY South Korea 20.47
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.73 σ
+9.44 σ
+11.11 σ
 +37.95% 01:00 PM
EWH Hong Kong 19.91
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.85 σ
+4.98 σ
+4.66 σ
 +4.08% 01:00 PM
EWC Canada 19.42
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.44 σ
+2.64 σ
+4.14 σ
 +5.45% 01:00 PM
EWQ France 19.19
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.35 σ
+2.19 σ
+2.80 σ
 -4.49% 12:59 PM
EWU United Kingdom 18.94
Overvalued
Expensive
Expensive
 13.24 13.38 12.32
+1.99 σ
+3.14 σ
+4.06 σ
 +3.29% 01:00 PM
EWJ Japan 18.81
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.78 σ
+3.19 σ
+2.77 σ
 +1.58% 01:00 PM
EWK Belgium 18.65
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.93 σ
+0.89 σ
+1.44 σ
 -1.19% 12:59 PM
EWN Netherlands 18.17
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.10 σ
+0.62 σ
+1.60 σ
 -0.48% 12:58 PM
EWG Germany 17.47
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.48 σ
+2.51 σ
+3.76 σ
 -7.80% 01:00 PM
EIS Israel 17.41
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.83 σ
+4.69 σ
+4.21 σ
 +17.39% 12:54 PM
EWD Sweden 17.11
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.28 σ
+0.62 σ
+1.42 σ
 -1.90% 12:59 PM
ARGT Argentina 16.75
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.10 σ
+3.23 σ
+2.42 σ
 +2.22% 12:55 PM
EWS Singapore 16.58
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+2.00 σ
+3.18 σ
+3.36 σ
 -0.25% 01:00 PM
EWM Malaysia 16.01
Expensive
Overvalued
Overvalued
 14.36 15.09 14.71
+2.11 σ
+1.22 σ
+1.65 σ
 +11.31% 12:59 PM
EPU Perù 15.77
Overvalued
Expensive
Expensive
 12.09 12.83 12.31
+1.89 σ
+2.03 σ
+2.40 σ
 +15.35% 12:51 PM
NORW Norway 15.72
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.56 σ
+1.67 σ
+2.57 σ
 +20.60% 12:57 PM
EZA South Africa 15.64
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+2.90 σ
+1.79 σ
+2.23 σ
 -1.08% 12:53 PM
EWP Spain 15.36
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.27 σ
+2.78 σ
+2.51 σ
 +4.22% 12:59 PM
VNM Vietnam 15.16
Fair
Fair
-
 15.52 16.63 -
-0.14 σ
-0.49 σ
-
 -4.28% 01:00 PM
EDEN Denmark 15.14
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.50 σ
-1.13 σ
-0.77 σ
 -10.96% 12:31 PM
THD Thailand 14.91
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.18 σ
-1.29 σ
-0.39 σ
 +9.79% 12:47 PM
EWO Austria 14.76
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.29 σ
+2.81 σ
+3.00 σ
 +3.67% 12:53 PM
ECH Chile 14.73
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.86 σ
+0.56 σ
+0.09 σ
 +7.50% 12:58 PM
EWW Mexico 14.39
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.06 σ
+0.48 σ
+0.07 σ
 +4.72% 12:59 PM
EIRL Ireland 14.23
Fair
Fair
Fair
 15.09 15.59 16.16
-0.45 σ
-0.73 σ
-0.80 σ
 -4.19% 12:53 PM
TUR Turkey 14.06
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.13 σ
+6.28 σ
+3.79 σ
 +9.97% 12:56 PM
EPOL Poland 13.26
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.49 σ
+1.62 σ
+1.47 σ
 +2.92% 01:00 PM
EWI Italy 13.20
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.46 σ
+1.19 σ
+1.28 σ
 -1.60% 12:59 PM
EWZ Brazil 13.04
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.00 σ
+1.59 σ
+2.10 σ
 +12.16% 01:00 PM
INDA India 12.26
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-8.78 σ
-3.46 σ
-2.03 σ
 -11.73% 01:00 PM
QAT Qatar 11.91
Fair
Undervalued
-
 13.01 13.38 -
-0.54 σ
-1.13 σ
-
 -4.60% 12:53 PM
EIDO Indonesia 11.70
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.92 σ
-1.73 σ
-1.62 σ
 -15.17% 12:59 PM
GREK Greece 11.69
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.15 σ
+0.18 σ
+0.33 σ
 -2.93% 12:55 PM
COLO Colombia 11.45
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.79 σ
+0.90 σ
-0.33 σ
 +8.24% 12:54 PM
FXI China 10.19
Fair
Fair
Fair
 10.21 11.17 11.02
-0.02 σ
-0.73 σ
-0.49 σ
 -8.26% 01:00 PM
EPHE Philippines 10.06
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.03 σ
-1.86 σ
-2.35 σ
 -4.67% 12:55 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).