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 28.96
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.43 σ
+7.06 σ
+8.13 σ
 +28.77% 26 Aug
ENZL New Zealand 27.49
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.16 σ
-0.00 σ
+1.07 σ
 +6.48% 26 Aug
EWL Switzerland 25.80
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.24 σ
+3.61 σ
+4.17 σ
 +4.96% 26 Aug
VTI United States 24.71
Fair
Overvalued
Expensive
 23.01 20.44 16.95
+0.63 σ
+1.42 σ
+2.52 σ
 +8.18% 26 Aug
INDA India 22.59
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.43 σ
+0.69 σ
+1.53 σ
 -1.68% 26 Aug
EWA Australia 21.23
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.39 σ
+2.30 σ
+3.46 σ
 +6.80% 26 Aug
EWC Canada 20.80
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.65 σ
+2.96 σ
+4.85 σ
 +9.91% 26 Aug
EWN Netherlands 20.65
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.90 σ
+1.77 σ
+2.49 σ
 +9.47% 26 Aug
EWS Singapore 19.58
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.41 σ
+5.38 σ
+6.17 σ
 +16.78% 26 Aug
EWJ Japan 18.79
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.49 σ
+2.82 σ
+2.73 σ
 +7.79% 26 Aug
EWH Hong Kong 18.04
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.15 σ
+2.57 σ
+2.63 σ
 +1.08% 26 Aug
EWG Germany 18.02
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.44 σ
+2.39 σ
+3.79 σ
 +5.20% 26 Aug
EWQ France 17.95
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.65 σ
+1.28 σ
+2.03 σ
 +3.27% 26 Aug
EIS Israel 17.35
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.35 σ
+4.13 σ
+4.12 σ
 +2.90% 26 Aug
EWY South Korea 17.11
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.89 σ
+5.28 σ
+7.04 σ
 +24.08% 26 Aug
EDEN Denmark 17.09
Fair
Fair
Fair
 15.95 17.97 16.58
+0.52 σ
-0.33 σ
+0.28 σ
 +5.73% 26 Aug
EIRL Ireland 16.27
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.76 σ
+0.39 σ
+0.02 σ
 +12.32% 26 Aug
EWP Spain 16.10
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.77 σ
+2.91 σ
+2.84 σ
 +11.57% 26 Aug
ARGT Argentina 16.09
Overvalued
Expensive
Expensive
 13.09 12.79 10.86
+1.39 σ
+2.36 σ
+2.01 σ
 +2.32% 26 Aug
EWK Belgium 16.07
Fair
Fair
Fair
 16.04 16.85 15.06
+0.01 σ
-0.41 σ
+0.38 σ
 +7.74% 26 Aug
EWU United Kingdom 15.79
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.63 σ
+1.17 σ
+1.96 σ
 +6.08% 26 Aug
TUR Turkey 15.39
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.88 σ
+6.39 σ
+4.49 σ
 +4.68% 26 Aug
EWI Italy 15.20
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.46 σ
+2.38 σ
+2.48 σ
 +10.48% 26 Aug
VNM Vietnam 14.93
Fair
Fair
-
 15.09 16.87 -
-0.08 σ
-0.71 σ
-
 -0.24% 26 Aug
EPOL Poland 14.85
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.32 σ
+2.69 σ
+2.75 σ
 +17.30% 26 Aug
EWD Sweden 14.76
Fair
Fair
Fair
 16.13 16.24 14.96
-0.66 σ
-0.96 σ
-0.13 σ
 +6.09% 26 Aug
EPU Perù 14.59
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.15 σ
+1.15 σ
+1.56 σ
 +15.89% 26 Aug
THD Thailand 14.45
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.35 σ
-1.48 σ
-0.65 σ
 +8.58% 26 Aug
EWM Malaysia 13.88
Fair
Undervalued
Undervalued
 14.44 15.06 14.74
-0.70 σ
-1.49 σ
-1.12 σ
 +2.63% 26 Aug
EWO Austria 13.34
Overvalued
Overvalued
Expensive
 8.61 9.74 9.96
+1.94 σ
+1.87 σ
+2.09 σ
 +15.79% 26 Aug
NORW Norway 13.30
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.30 σ
+0.33 σ
+0.98 σ
 +7.19% 26 Aug
ECH Chile 12.40
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.99 σ
-0.26 σ
-1.17 σ
 +1.14% 26 Aug
EWW Mexico 12.25
Fair
Fair
Undervalued
 12.43 13.50 14.27
-0.22 σ
-0.95 σ
-1.17 σ
 +3.42% 26 Aug
GREK Greece 11.73
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.34 σ
+0.20 σ
+0.38 σ
 +19.32% 26 Aug
EWZ Brazil 11.64
Expensive
Fair
Overvalued
 8.16 10.08 10.11
+2.26 σ
+0.80 σ
+1.06 σ
 -0.25% 26 Aug
COLO Colombia 11.61
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.79 σ
+1.00 σ
-0.24 σ
 +21.77% 26 Aug
QAT Qatar 10.76
Undervalued
Undervalued
-
 12.43 13.34 -
-1.05 σ
-1.91 σ
-
 -7.88% 26 Aug
FXI China 9.72
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.23 σ
-1.03 σ
-0.74 σ
 -3.61% 26 Aug
EIDO Indonesia 9.45
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.66 σ
-2.98 σ
-3.47 σ
 -19.68% 26 Aug
EZA South Africa 9.31
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.77 σ
-1.33 σ
-1.51 σ
 +3.93% 26 Aug
EPHE Philippines 8.20
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.62 σ
-2.30 σ
-3.06 σ
 -2.52% 26 Aug
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).