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)
EWT Taiwan 29.69
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.95 σ
+7.64 σ
+8.69 σ
 +32.47% 09:30 AM
ENZL New Zealand 27.01
Fair
Fair
Fair
 26.90 27.47 21.53
+0.03 σ
-0.12 σ
+1.00 σ
 +2.06% 09:30 AM
VTI United States 26.70
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.42 σ
+2.14 σ
+3.23 σ
 +8.25% 09:30 AM
EWL Switzerland 24.41
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.75 σ
+3.02 σ
+3.64 σ
 +4.33% 09:30 AM
INDA India 22.22
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.71 σ
+0.55 σ
+1.42 σ
 -4.86% 09:30 AM
EWA Australia 21.23
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.45 σ
+2.38 σ
+3.53 σ
 +3.20% 09:30 AM
EWC Canada 21.13
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.85 σ
+3.26 σ
+5.21 σ
 +7.49% 09:30 AM
EWN Netherlands 21.12
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.12 σ
+2.06 σ
+2.72 σ
 +10.14% 09:30 AM
EWY South Korea 19.27
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+6.13 σ
+7.23 σ
+9.32 σ
 +33.64% 09:30 AM
EWJ Japan 18.95
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.70 σ
+3.00 σ
+2.85 σ
 +8.50% 09:30 AM
EWQ France 18.64
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.03 σ
+1.72 σ
+2.38 σ
 +0.31% 09:30 AM
EWS Singapore 17.67
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.36 σ
+3.82 σ
+4.32 σ
 +10.88% 09:30 AM
EWG Germany 17.62
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.34 σ
+2.24 σ
+3.58 σ
 -0.84% 09:30 AM
EWU United Kingdom 17.54
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.23 σ
+2.12 σ
+3.03 σ
 +2.74% 09:30 AM
EWK Belgium 17.26
Fair
Fair
Fair
 16.07 16.87 15.03
+0.45 σ
+0.20 σ
+0.85 σ
 +4.28% 09:30 AM
EWH Hong Kong 16.92
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.25 σ
+1.52 σ
+1.59 σ
 -3.65% 09:30 AM
EIRL Ireland 16.48
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.62 σ
+0.51 σ
+0.12 σ
 +8.32% 09:30 AM
EWD Sweden 16.44
Fair
Fair
Fair
 16.17 16.22 14.93
+0.13 σ
+0.14 σ
+0.95 σ
 -0.23% 09:30 AM
EIS Israel 16.41
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.02 σ
+3.56 σ
+3.55 σ
 +2.59% 09:30 AM
EDEN Denmark 16.21
Fair
Fair
Fair
 16.04 18.01 16.57
+0.08 σ
-0.67 σ
-0.20 σ
 +2.95% 09:30 AM
ARGT Argentina 15.74
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.28 σ
+2.17 σ
+1.90 σ
 +5.91% 09:30 AM
THD Thailand 15.65
Fair
Fair
Fair
 17.03 17.31 15.94
-0.73 σ
-0.86 σ
-0.12 σ
 +10.43% 09:30 AM
EWP Spain 15.65
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.50 σ
+2.67 σ
+2.59 σ
 +9.04% 09:30 AM
TUR Turkey 15.24
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.08 σ
+6.56 σ
+4.43 σ
 +1.98% 09:30 AM
EWI Italy 15.15
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.50 σ
+2.38 σ
+2.47 σ
 +9.76% 09:30 AM
VNM Vietnam 15.12
Fair
Fair
-
 15.18 16.84 -
-0.03 σ
-0.62 σ
-
 -3.94% 09:30 AM
EPU Perù 14.67
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.23 σ
+1.23 σ
+1.63 σ
 +11.83% 09:30 AM
EWO Austria 14.23
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.47 σ
+2.39 σ
+2.65 σ
 +16.39% 09:30 AM
NORW Norway 14.16
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.76 σ
+0.79 σ
+1.52 σ
 +0.02% 09:30 AM
EPOL Poland 13.69
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.77 σ
+1.89 σ
+1.82 σ
 +11.62% 09:30 AM
EWM Malaysia 13.38
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.34 σ
-2.21 σ
-1.76 σ
 +0.48% 09:30 AM
ECH Chile 12.82
Overvalued
Fair
Fair
 10.09 13.14 14.53
+1.14 σ
-0.11 σ
-0.94 σ
 +0.29% 09:30 AM
EWW Mexico 12.50
Fair
Fair
Undervalued
 12.46 13.54 14.27
+0.05 σ
-0.77 σ
-1.02 σ
 +2.79% 09:30 AM
GREK Greece 11.79
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.39 σ
+0.24 σ
+0.41 σ
 +11.40% 09:30 AM
EWZ Brazil 11.55
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.38 σ
+0.76 σ
+1.01 σ
 +2.65% 09:30 AM
COLO Colombia 11.47
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.80 σ
+0.94 σ
-0.30 σ
 +14.38% 09:30 AM
QAT Qatar 11.35
Fair
Undervalued
-
 12.55 13.36 -
-0.71 σ
-1.50 σ
-
 -6.85% 09:30 AM
EZA South Africa 9.27
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.79 σ
-1.38 σ
-1.54 σ
 -7.67% 09:30 AM
EIDO Indonesia 9.01
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-3.02 σ
-3.32 σ
-3.83 σ
 -26.43% 09:30 AM
FXI China 8.85
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.26 σ
-1.68 σ
-1.26 σ
 -10.25% 09:30 AM
EPHE Philippines 8.42
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.54 σ
-2.27 σ
-2.99 σ
 -0.20% 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).