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 27.26
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.59 σ
+6.01 σ
+7.06 σ
 +33.25% 04 Sep
ENZL New Zealand 26.39
Fair
Fair
Fair
 26.84 27.52 21.67
-0.12 σ
-0.29 σ
+0.86 σ
 +5.13% 04 Sep
VTI United States 24.81
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.64 σ
+1.42 σ
+2.50 σ
 +8.10% 04 Sep
EWL Switzerland 24.65
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.71 σ
+2.93 σ
+3.62 σ
 +2.88% 04 Sep
INDA India 22.66
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.36 σ
+0.70 σ
+1.54 σ
 -1.05% 04 Sep
EWA Australia 21.06
Overvalued
Expensive
Expensive
 17.66 16.83 15.03
+1.27 σ
+2.15 σ
+3.30 σ
 +6.58% 04 Sep
EWC Canada 19.49
Overvalued
Expensive
Expensive
 16.37 15.50 14.52
+1.11 σ
+2.15 σ
+3.74 σ
 +8.84% 04 Sep
EWS Singapore 19.22
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+3.05 σ
+4.91 σ
+5.72 σ
 +17.36% 04 Sep
EWJ Japan 19.11
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.55 σ
+2.95 σ
+2.92 σ
 +10.44% 04 Sep
EWN Netherlands 18.97
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.94 σ
+0.88 σ
+1.77 σ
 +9.01% 04 Sep
EWG Germany 18.40
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.54 σ
+2.51 σ
+3.97 σ
 +3.91% 04 Sep
EIS Israel 17.89
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.44 σ
+4.37 σ
+4.43 σ
 +4.49% 04 Sep
EWQ France 17.87
Fair
Overvalued
Overvalued
 16.66 15.70 13.58
+0.60 σ
+1.22 σ
+1.97 σ
 +0.62% 04 Sep
EWU United Kingdom 17.08
Overvalued
Overvalued
Expensive
 13.85 13.50 12.44
+1.00 σ
+1.83 σ
+2.67 σ
 +5.07% 04 Sep
EDEN Denmark 16.87
Fair
Fair
Fair
 15.88 17.96 16.59
+0.47 σ
-0.40 σ
+0.15 σ
 +5.94% 04 Sep
EWP Spain 16.28
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.81 σ
+2.95 σ
+2.92 σ
 +10.60% 04 Sep
EIRL Ireland 15.85
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.42 σ
+0.17 σ
-0.16 σ
 +13.00% 04 Sep
ARGT Argentina 15.48
Overvalued
Overvalued
Overvalued
 13.17 12.84 10.86
+1.05 σ
+1.85 σ
+1.78 σ
 +4.24% 04 Sep
EWK Belgium 15.40
Fair
Fair
Fair
 15.96 16.82 15.08
-0.22 σ
-0.74 σ
+0.12 σ
 +7.13% 04 Sep
EWI Italy 15.25
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.41 σ
+2.36 σ
+2.49 σ
 +8.00% 04 Sep
EWD Sweden 14.99
Fair
Fair
Fair
 16.04 16.23 14.97
-0.51 σ
-0.80 σ
+0.01 σ
 +4.10% 04 Sep
THD Thailand 14.51
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.27 σ
-1.44 σ
-0.64 σ
 +7.33% 04 Sep
VNM Vietnam 14.26
Fair
Fair
-
 15.01 16.91 -
-0.38 σ
-0.99 σ
-
 -0.35% 04 Sep
TUR Turkey 13.81
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.15 σ
+4.84 σ
+3.51 σ
 +0.58% 04 Sep
EWH Hong Kong 13.51
Undervalued
Undervalued
Undervalued
 15.51 15.46 15.28
-1.62 σ
-1.89 σ
-1.67 σ
 +2.19% 04 Sep
EWO Austria 13.51
Overvalued
Overvalued
Expensive
 8.68 9.77 9.96
+1.91 σ
+1.91 σ
+2.18 σ
 +15.89% 04 Sep
EPOL Poland 13.47
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.62 σ
+1.68 σ
+1.61 σ
 +17.24% 04 Sep
NORW Norway 13.42
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.38 σ
+0.39 σ
+1.04 σ
 +7.97% 04 Sep
EWW Mexico 12.68
Fair
Fair
Fair
 12.39 13.46 14.26
+0.38 σ
-0.61 σ
-0.91 σ
 +1.77% 04 Sep
ECH Chile 12.18
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.91 σ
-0.33 σ
-1.27 σ
 -0.35% 04 Sep
GREK Greece 11.82
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.40 σ
+0.26 σ
+0.42 σ
 +20.25% 04 Sep
QAT Qatar 11.17
Fair
Undervalued
-
 12.31 13.33 -
-0.77 σ
-1.58 σ
-
 -7.82% 04 Sep
COLO Colombia 10.68
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.11 σ
+0.57 σ
-0.57 σ
 +21.98% 04 Sep
EWZ Brazil 10.48
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.38 σ
+0.21 σ
+0.24 σ
 +5.33% 04 Sep
EWY South Korea 10.41
Fair
Fair
Fair
 10.85 10.40 9.99
-0.23 σ
+0.01 σ
+0.41 σ
 +28.10% 04 Sep
EIDO Indonesia 9.87
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.24 σ
-2.65 σ
-3.12 σ
 -15.02% 04 Sep
FXI China 9.37
Fair
Undervalued
Fair
 9.87 11.11 10.95
-0.64 σ
-1.26 σ
-0.94 σ
 -2.26% 04 Sep
EZA South Africa 9.31
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.76 σ
-1.31 σ
-1.50 σ
 +3.66% 04 Sep
EPU Perù 9.08
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.59 σ
-2.56 σ
-2.36 σ
 +11.86% 04 Sep
EPHE Philippines 7.95
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.74 σ
-2.34 σ
-3.14 σ
 -4.05% 04 Sep
EWM Malaysia 7.93
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.11 σ
-8.92 σ
-8.89 σ
 -0.60% 04 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).