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)
ENZL New Zealand 30.65
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.86 σ
+0.84 σ
+1.72 σ
 +3.73% 27 Feb
VTI United States 26.86
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.83 σ
+2.53 σ
+3.62 σ
 +5.11% 27 Feb
EWL Switzerland 24.39
Expensive
Expensive
Expensive
 19.61 18.17 15.81
+2.12 σ
+3.57 σ
+3.96 σ
 +14.09% 27 Feb
INDA India 23.35
Fair
Overvalued
Overvalued
 23.08 20.66 17.99
+0.21 σ
+1.09 σ
+1.91 σ
 -2.60% 27 Feb
EWA Australia 23.13
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.52 σ
+3.88 σ
+5.13 σ
 +12.50% 27 Feb
EWT Taiwan 22.90
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.99 σ
+4.51 σ
+5.39 σ
 +21.01% 27 Feb
EWY South Korea 22.13
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+10.17 σ
+11.32 σ
+13.05 σ
 +72.69% 27 Feb
EWC Canada 21.17
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.27 σ
+3.93 σ
+5.68 σ
 +15.59% 27 Feb
EWU United Kingdom 21.10
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.90 σ
+4.51 σ
+5.46 σ
 +14.87% 27 Feb
EWH Hong Kong 20.58
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.44 σ
+5.82 σ
+5.39 σ
 +13.27% 27 Feb
EWQ France 19.92
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.78 σ
+2.67 σ
+3.20 σ
 +8.63% 27 Feb
EWK Belgium 19.70
Overvalued
Overvalued
Overvalued
 16.15 16.88 14.85
+1.32 σ
+1.45 σ
+1.87 σ
 +12.54% 27 Feb
EWN Netherlands 19.28
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.47 σ
+1.21 σ
+2.10 σ
 +10.78% 27 Feb
EWD Sweden 19.08
Overvalued
Overvalued
Expensive
 16.45 16.09 14.86
+1.13 σ
+1.94 σ
+2.71 σ
 +14.36% 27 Feb
EWG Germany 18.63
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.09 σ
+3.41 σ
+4.71 σ
 +5.52% 27 Feb
EWJ Japan 18.23
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.37 σ
+2.86 σ
+2.41 σ
 +15.14% 27 Feb
EZA South Africa 18.07
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+4.53 σ
+3.07 σ
+3.73 σ
 +29.87% 27 Feb
EPU Perù 18.05
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+3.07 σ
+3.72 σ
+3.99 σ
 +50.91% 27 Feb
VNM Vietnam 17.82
Fair
-
-
 15.64 - -
+0.80 σ
-
-
 +11.50% 27 Feb
EIS Israel 17.76
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.06 σ
+5.08 σ
+4.44 σ
 +17.65% 27 Feb
EWS Singapore 17.17
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.53 σ
+3.83 σ
+4.03 σ
 +4.09% 27 Feb
THD Thailand 16.87
Fair
Fair
Fair
 17.57 17.52 15.81
-0.31 σ
-0.32 σ
+0.43 σ
 +27.15% 27 Feb
EWM Malaysia 15.95
Expensive
Overvalued
Overvalued
 14.33 15.08 14.70
+2.13 σ
+1.15 σ
+1.58 σ
 +12.28% 27 Feb
ARGT Argentina 15.73
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.66 σ
+2.54 σ
+2.04 σ
 +4.44% 27 Feb
NORW Norway 15.39
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.39 σ
+1.52 σ
+2.40 σ
 +19.22% 27 Feb
TUR Turkey 15.27
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.43 σ
+7.42 σ
+4.53 σ
 +17.34% 27 Feb
EWO Austria 15.21
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.52 σ
+3.10 σ
+3.28 σ
 +17.60% 27 Feb
ECH Chile 15.13
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.03 σ
+0.71 σ
+0.31 σ
 +21.68% 27 Feb
EDEN Denmark 14.96
Fair
Undervalued
Fair
 16.80 18.18 16.55
-0.59 σ
-1.22 σ
-0.86 σ
 -4.18% 27 Feb
EWP Spain 14.72
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.76 σ
+2.34 σ
+2.11 σ
 +15.96% 27 Feb
EIRL Ireland 14.70
Fair
Fair
Fair
 15.22 15.60 16.16
-0.25 σ
-0.49 σ
-0.60 σ
 +8.59% 27 Feb
EWW Mexico 14.09
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.73 σ
+0.25 σ
-0.11 σ
 +21.78% 27 Feb
EWI Italy 14.07
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.95 σ
+1.81 σ
+1.84 σ
 +11.17% 27 Feb
EPOL Poland 13.56
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.64 σ
+1.87 σ
+1.72 σ
 +13.74% 27 Feb
EWZ Brazil 12.98
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+4.00 σ
+1.59 σ
+2.08 σ
 +25.01% 27 Feb
EIDO Indonesia 12.64
Fair
Undervalued
Fair
 12.95 14.19 13.65
-0.23 σ
-1.10 σ
-0.83 σ
 -1.82% 27 Feb
QAT Qatar 12.34
Fair
-
-
 13.10 - -
-0.37 σ
-
-
 +0.76% 27 Feb
FXI China 10.60
Fair
Fair
Fair
 10.28 11.16 11.03
+0.25 σ
-0.42 σ
-0.26 σ
 -3.66% 27 Feb
GREK Greece 10.29
Fair
Fair
Fair
 9.51 11.34 10.99
+0.39 σ
-0.54 σ
-0.32 σ
 +10.09% 27 Feb
EPHE Philippines 10.03
Undervalued
Undervalued
Cheap
 12.79 14.98 15.22
-1.08 σ
-1.93 σ
-2.39 σ
 +7.13% 27 Feb
COLO Colombia 8.79
Fair
Fair
Undervalued
 7.25 9.49 12.45
+0.98 σ
-0.31 σ
-1.27 σ
 +14.02% 27 Feb
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).