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 29.27
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.79 σ
+7.42 σ
+8.45 σ
 +29.12% 09:30 AM
ENZL New Zealand 27.15
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.06 σ
-0.08 σ
+1.02 σ
 +2.54% 09:30 AM
VTI United States 26.58
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.38 σ
+2.11 σ
+3.20 σ
 +7.47% 09:30 AM
EWL Switzerland 24.42
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.76 σ
+3.03 σ
+3.65 σ
 +4.04% 09:30 AM
INDA India 22.30
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.66 σ
+0.58 σ
+1.45 σ
 -4.64% 09:30 AM
EWN Netherlands 21.20
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.17 σ
+2.11 σ
+2.75 σ
 +10.11% 09:30 AM
EWA Australia 21.19
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.44 σ
+2.36 σ
+3.51 σ
 +2.87% 09:30 AM
EWC Canada 21.08
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.83 σ
+3.23 σ
+5.17 σ
 +6.80% 09:30 AM
EWY South Korea 18.90
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.86 σ
+6.93 σ
+8.95 σ
 +28.95% 09:30 AM
EWJ Japan 18.69
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.52 σ
+2.82 σ
+2.68 σ
 +6.68% 09:30 AM
EWQ France 18.66
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.04 σ
+1.73 σ
+2.39 σ
 +0.33% 09:30 AM
EWU United Kingdom 17.68
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.28 σ
+2.19 σ
+3.11 σ
 +3.26% 09:30 AM
EWS Singapore 17.61
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.33 σ
+3.77 σ
+4.26 σ
 +10.20% 09:30 AM
EWG Germany 17.52
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.30 σ
+2.18 σ
+3.51 σ
 -1.36% 09:30 AM
EWH Hong Kong 17.39
Overvalued
Overvalued
Expensive
 15.47 15.41 15.26
+1.65 σ
+2.00 σ
+2.04 σ
 -1.07% 09:30 AM
EWK Belgium 17.33
Fair
Fair
Fair
 16.07 16.87 15.03
+0.48 σ
+0.24 σ
+0.88 σ
 +4.38% 09:30 AM
EIRL Ireland 16.60
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.73 σ
+0.58 σ
+0.17 σ
 +8.71% 09:30 AM
EIS Israel 16.48
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.06 σ
+3.61 σ
+3.59 σ
 +2.51% 09:30 AM
EWD Sweden 16.42
Fair
Fair
Fair
 16.17 16.22 14.93
+0.12 σ
+0.13 σ
+0.94 σ
 -0.51% 09:30 AM
EDEN Denmark 16.21
Fair
Fair
Fair
 16.04 18.01 16.57
+0.08 σ
-0.67 σ
-0.19 σ
 +2.85% 09:30 AM
THD Thailand 15.81
Fair
Fair
Fair
 17.03 17.31 15.94
-0.65 σ
-0.78 σ
-0.06 σ
 +10.99% 09:30 AM
EWP Spain 15.66
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.52 σ
+2.68 σ
+2.60 σ
 +8.65% 09:30 AM
ARGT Argentina 15.58
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.21 σ
+2.06 σ
+1.84 σ
 +4.24% 09:30 AM
TUR Turkey 15.58
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.20 σ
+6.82 σ
+4.64 σ
 +3.97% 09:30 AM
EWI Italy 15.09
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.47 σ
+2.35 σ
+2.43 σ
 +8.92% 09:30 AM
EPU Perù 14.73
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.26 σ
+1.27 σ
+1.67 σ
 +11.41% 09:30 AM
VNM Vietnam 14.53
Fair
Fair
-
 15.18 16.84 -
-0.31 σ
-0.83 σ
-
 -7.63% 09:30 AM
NORW Norway 14.33
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.84 σ
+0.88 σ
+1.62 σ
 +0.96% 09:30 AM
EWO Austria 14.26
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.48 σ
+2.41 σ
+2.67 σ
 +15.77% 09:30 AM
EPOL Poland 13.85
Overvalued
Expensive
Overvalued
 10.11 11.06 11.46
+1.84 σ
+2.01 σ
+1.95 σ
 +12.25% 09:30 AM
EWM Malaysia 13.34
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.39 σ
-2.26 σ
-1.81 σ
 -0.04% 09:30 AM
ECH Chile 12.66
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.08 σ
-0.17 σ
-1.03 σ
 -1.37% 09:30 AM
EWW Mexico 12.57
Fair
Fair
Fair
 12.46 13.54 14.27
+0.12 σ
-0.73 σ
-0.99 σ
 +3.04% 09:30 AM
GREK Greece 11.83
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.41 σ
+0.25 σ
+0.42 σ
 +11.31% 09:30 AM
COLO Colombia 11.79
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+3.01 σ
+1.09 σ
-0.19 σ
 +16.67% 09:30 AM
EWZ Brazil 11.44
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.30 σ
+0.70 σ
+0.93 σ
 +1.33% 09:30 AM
QAT Qatar 11.31
Fair
Undervalued
-
 12.55 13.36 -
-0.73 σ
-1.54 σ
-
 -7.01% 09:30 AM
EIDO Indonesia 9.48
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.62 σ
-3.01 σ
-3.44 σ
 -21.96% 09:30 AM
EZA South Africa 9.10
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.89 σ
-1.47 σ
-1.64 σ
 -9.37% 09:30 AM
FXI China 9.07
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.01 σ
-1.52 σ
-1.13 σ
 -7.61% 09:30 AM
EPHE Philippines 8.61
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.46 σ
-2.20 σ
-2.91 σ
 +1.93% 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).