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)
EWL Switzerland 25.88
Expensive
Expensive
Expensive
 20.31 18.70 16.10
+2.13 σ
+3.43 σ
+4.06 σ
 +3.23% 22 Oct
ENZL New Zealand 25.83
Fair
Fair
Fair
 26.77 27.54 21.73
-0.24 σ
-0.43 σ
+0.75 σ
 -1.26% 22 Oct
EWT Taiwan 25.83
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+2.90 σ
+5.08 σ
+6.14 σ
 +12.85% 22 Oct
VTI United States 23.65
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.20 σ
+1.02 σ
+2.09 σ
 +4.63% 22 Oct
INDA India 22.20
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.66 σ
+0.50 σ
+1.37 σ
 -4.07% 22 Oct
EWA Australia 20.84
Overvalued
Expensive
Expensive
 17.72 16.86 15.06
+1.16 σ
+2.00 σ
+3.11 σ
 +0.58% 22 Oct
EWC Canada 19.79
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.19 σ
+2.28 σ
+3.87 σ
 +4.85% 22 Oct
EWS Singapore 18.52
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.52 σ
+4.17 σ
+4.96 σ
 +2.92% 22 Oct
EWN Netherlands 18.27
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.56 σ
+0.51 σ
+1.47 σ
 -1.17% 22 Oct
EWG Germany 17.93
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.31 σ
+2.18 σ
+3.58 σ
 -2.23% 22 Oct
EWQ France 17.23
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.28 σ
+0.85 σ
+1.66 σ
 -7.42% 22 Oct
EWU United Kingdom 17.07
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.97 σ
+1.81 σ
+2.63 σ
 +2.03% 22 Oct
EIS Israel 17.01
Overvalued
Expensive
Expensive
 12.29 11.63 11.00
+1.94 σ
+3.66 σ
+3.84 σ
 -2.46% 22 Oct
EDEN Denmark 16.76
Fair
Fair
Fair
 15.79 17.93 16.60
+0.48 σ
-0.43 σ
+0.09 σ
 +0.93% 22 Oct
EIRL Ireland 16.03
Overvalued
Fair
Fair
 14.51 15.52 16.24
+1.79 σ
+0.28 σ
-0.09 σ
 +3.95% 22 Oct
EWP Spain 15.83
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.31 σ
+2.57 σ
+2.61 σ
 -0.66% 22 Oct
EWK Belgium 15.01
Fair
Fair
Fair
 15.88 16.76 15.10
-0.35 σ
-0.92 σ
-0.04 σ
 -0.01% 22 Oct
EWJ Japan 14.84
Fair
Fair
Fair
 15.04 14.64 14.45
-0.12 σ
+0.13 σ
+0.25 σ
 +3.41% 22 Oct
EWD Sweden 14.70
Fair
Fair
Fair
 15.96 16.22 14.98
-0.61 σ
-0.97 σ
-0.18 σ
 -2.26% 22 Oct
THD Thailand 14.49
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.24 σ
-1.42 σ
-0.66 σ
 +0.45% 22 Oct
EWI Italy 14.16
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.77 σ
+1.63 σ
+1.80 σ
 -5.35% 22 Oct
VNM Vietnam 13.95
Fair
Undervalued
-
 14.89 16.92 -
-0.50 σ
-1.11 σ
-
 -5.28% 22 Oct
NORW Norway 13.66
Overvalued
Fair
Overvalued
 10.76 12.67 11.69
+1.54 σ
+0.53 σ
+1.18 σ
 +3.20% 22 Oct
ARGT Argentina 13.53
Fair
Fair
Overvalued
 13.20 12.87 10.85
+0.15 σ
+0.47 σ
+1.04 σ
 -7.13% 22 Oct
EPOL Poland 13.43
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.59 σ
+1.62 σ
+1.56 σ
 +9.91% 22 Oct
EWO Austria 13.41
Overvalued
Overvalued
Expensive
 8.74 9.80 9.97
+1.80 σ
+1.82 σ
+2.11 σ
 -2.95% 22 Oct
EWH Hong Kong 12.98
Undervalued
Cheap
Cheap
 15.44 15.44 15.27
-1.97 σ
-2.34 σ
-2.14 σ
 -4.29% 22 Oct
EWM Malaysia 12.83
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.96 σ
-2.68 σ
-2.50 σ
 -6.19% 22 Oct
EWW Mexico 12.75
Fair
Fair
Fair
 12.35 13.41 14.25
+0.55 σ
-0.52 σ
-0.86 σ
 -1.46% 22 Oct
GREK Greece 12.11
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.59 σ
+0.41 σ
+0.56 σ
 +4.56% 22 Oct
ECH Chile 11.90
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.81 σ
-0.42 σ
-1.41 σ
 -11.24% 22 Oct
TUR Turkey 10.72
Overvalued
Expensive
Overvalued
 7.26 6.60 7.99
+1.09 σ
+2.59 σ
+1.63 σ
 -20.67% 22 Oct
EZA South Africa 10.64
Fair
Fair
Fair
 10.68 11.80 11.88
-0.02 σ
-0.59 σ
-0.72 σ
 -7.18% 22 Oct
EWZ Brazil 10.54
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.37 σ
+0.25 σ
+0.28 σ
 +12.69% 22 Oct
COLO Colombia 10.14
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.73 σ
+0.32 σ
-0.76 σ
 +12.32% 22 Oct
QAT Qatar 10.05
Undervalued
Cheap
-
 12.20 13.29 -
-1.55 σ
-2.34 σ
-
 -16.33% 22 Oct
FXI China 8.96
Undervalued
Undervalued
Undervalued
 9.82 11.08 10.94
-1.11 σ
-1.51 σ
-1.16 σ
 -9.57% 22 Oct
EPU Perù 8.58
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.83 σ
-2.81 σ
-2.72 σ
 -1.44% 22 Oct
EWY South Korea 8.22
Undervalued
Undervalued
Undervalued
 10.84 10.40 9.98
-1.39 σ
-1.65 σ
-1.72 σ
 -7.53% 22 Oct
EIDO Indonesia 8.02
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-3.85 σ
-3.80 σ
-4.62 σ
 -25.38% 22 Oct
EPHE Philippines 7.73
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.83 σ
-2.37 σ
-3.20 σ
 -8.82% 22 Oct
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).