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 29.74
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.70 σ
+7.46 σ
+8.56 σ
 +28.49% 09:30 AM
ENZL New Zealand 27.88
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.26 σ
+0.09 σ
+1.14 σ
 +5.23% 09:30 AM
VTI United States 27.22
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.56 σ
+2.26 σ
+3.34 σ
 +10.15% 09:30 AM
EWL Switzerland 24.85
Overvalued
Expensive
Expensive
 20.13 18.57 16.02
+1.86 σ
+3.14 σ
+3.77 σ
 +5.32% 09:30 AM
INDA India 23.09
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.03 σ
+0.90 σ
+1.70 σ
 -0.90% 09:30 AM
EWA Australia 22.25
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.77 σ
+2.84 σ
+4.03 σ
 +7.59% 09:30 AM
EWN Netherlands 21.54
Expensive
Expensive
Expensive
 17.47 17.18 14.52
+2.43 σ
+2.22 σ
+2.85 σ
 +11.09% 09:30 AM
EWC Canada 21.42
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.87 σ
+3.31 σ
+5.33 σ
 +7.68% 09:30 AM
EWQ France 19.62
Overvalued
Expensive
Expensive
 16.64 15.67 13.54
+1.48 σ
+2.22 σ
+2.80 σ
 +5.28% 09:30 AM
EWJ Japan 19.07
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.68 σ
+3.01 σ
+2.90 σ
 +8.18% 09:30 AM
EWY South Korea 18.70
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+4.86 σ
+6.53 σ
+8.61 σ
 +23.98% 09:30 AM
EWG Germany 18.59
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.67 σ
+2.72 σ
+4.19 σ
 +4.65% 09:30 AM
EWU United Kingdom 18.27
Overvalued
Expensive
Expensive
 13.77 13.50 12.42
+1.39 σ
+2.44 σ
+3.40 σ
 +6.06% 09:30 AM
EWS Singapore 18.17
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+2.56 σ
+4.14 σ
+4.75 σ
 +13.03% 09:30 AM
EWH Hong Kong 17.89
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.02 σ
+2.42 σ
+2.48 σ
 +1.43% 09:30 AM
EWK Belgium 17.62
Fair
Fair
Fair
 16.04 16.85 15.06
+0.61 σ
+0.40 σ
+0.98 σ
 +5.47% 09:30 AM
EWD Sweden 17.59
Fair
Fair
Overvalued
 16.13 16.24 14.96
+0.70 σ
+0.87 σ
+1.67 σ
 +6.17% 09:30 AM
EIS Israel 16.78
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.10 σ
+3.73 σ
+3.75 σ
 +3.61% 09:30 AM
EIRL Ireland 16.77
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.27 σ
+0.66 σ
+0.23 σ
 +8.88% 09:30 AM
EWP Spain 16.33
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.95 σ
+3.08 σ
+2.98 σ
 +12.06% 09:30 AM
EDEN Denmark 15.80
Fair
Fair
Fair
 15.95 17.97 16.58
-0.07 σ
-0.81 σ
-0.43 σ
 +0.20% 09:30 AM
THD Thailand 15.78
Fair
Fair
Fair
 16.94 17.25 15.96
-0.63 σ
-0.78 σ
-0.08 σ
 +9.68% 09:30 AM
EWI Italy 15.76
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.77 σ
+2.73 σ
+2.83 σ
 +12.78% 09:30 AM
ARGT Argentina 15.54
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.14 σ
+1.97 σ
+1.80 σ
 +2.62% 09:30 AM
TUR Turkey 15.32
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.85 σ
+6.34 σ
+4.44 σ
 +1.52% 09:30 AM
VNM Vietnam 15.17
Fair
Fair
-
 15.09 16.87 -
+0.04 σ
-0.62 σ
-
 -3.06% 09:30 AM
EPU Perù 15.03
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.36 σ
+1.45 σ
+1.87 σ
 +11.94% 09:30 AM
NORW Norway 14.84
Expensive
Overvalued
Overvalued
 10.79 12.68 11.66
+2.09 σ
+1.14 σ
+1.91 σ
 +3.80% 09:30 AM
EPOL Poland 14.77
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.29 σ
+2.63 σ
+2.69 σ
 +18.22% 09:30 AM
EWO Austria 14.72
Expensive
Expensive
Expensive
 8.61 9.74 9.96
+2.50 σ
+2.58 σ
+2.94 σ
 +17.71% 09:30 AM
EWM Malaysia 13.56
Undervalued
Undervalued
Undervalued
 14.44 15.06 14.74
-1.10 σ
-1.91 σ
-1.54 σ
 +1.23% 09:30 AM
ECH Chile 12.97
Overvalued
Fair
Fair
 10.07 13.12 14.51
+1.23 σ
-0.05 σ
-0.85 σ
 +0.21% 09:30 AM
EWW Mexico 12.76
Fair
Fair
Fair
 12.43 13.50 14.27
+0.41 σ
-0.56 σ
-0.87 σ
 +3.90% 09:30 AM
GREK Greece 12.73
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.90 σ
+0.71 σ
+0.84 σ
 +18.59% 09:30 AM
COLO Colombia 12.07
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+3.08 σ
+1.20 σ
-0.08 σ
 +17.56% 09:30 AM
EWZ Brazil 11.58
Expensive
Fair
Overvalued
 8.16 10.08 10.11
+2.22 σ
+0.77 σ
+1.02 σ
 +1.64% 09:30 AM
QAT Qatar 11.40
Fair
Undervalued
-
 12.43 13.34 -
-0.65 σ
-1.44 σ
-
 -5.85% 09:30 AM
EZA South Africa 9.64
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.59 σ
-1.16 σ
-1.32 σ
 -3.77% 09:30 AM
FXI China 9.51
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.48 σ
-1.18 σ
-0.86 σ
 -2.51% 09:30 AM
EIDO Indonesia 9.51
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.61 σ
-2.94 σ
-3.42 σ
 -20.51% 09:30 AM
EPHE Philippines 8.72
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.40 σ
-2.11 σ
-2.84 σ
 +3.16% 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).