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 28.77
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.61 σ
+7.15 σ
+8.17 σ
 +26.03% 09:30 AM
ENZL New Zealand 27.27
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.10 σ
-0.05 σ
+1.04 σ
 +3.03% 09:30 AM
VTI United States 26.17
Overvalued
Overvalued
Expensive
 22.92 20.34 16.90
+1.22 σ
+1.97 σ
+3.06 σ
 +6.32% 09:30 AM
EWL Switzerland 24.27
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.70 σ
+2.95 σ
+3.58 σ
 +3.26% 09:30 AM
INDA India 22.03
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.87 σ
+0.47 σ
+1.36 σ
 -5.67% 09:30 AM
EWA Australia 21.29
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.47 σ
+2.41 σ
+3.56 σ
 +3.26% 09:30 AM
EWC Canada 21.12
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.85 σ
+3.25 σ
+5.20 σ
 +6.76% 09:30 AM
EWN Netherlands 20.84
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.96 σ
+1.92 σ
+2.60 σ
 +8.04% 09:30 AM
EWQ France 18.60
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.01 σ
+1.70 σ
+2.37 σ
 +0.02% 09:30 AM
EWJ Japan 18.46
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.37 σ
+2.67 σ
+2.54 σ
 +5.19% 09:30 AM
EWY South Korea 18.09
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.30 σ
+6.28 σ
+8.14 σ
 +22.27% 09:30 AM
EWU United Kingdom 17.86
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.33 σ
+2.29 σ
+3.21 σ
 +4.17% 09:30 AM
EWS Singapore 17.68
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.37 σ
+3.83 σ
+4.34 σ
 +10.48% 09:30 AM
EWH Hong Kong 17.66
Overvalued
Expensive
Expensive
 15.47 15.41 15.26
+1.88 σ
+2.27 σ
+2.31 σ
 +0.42% 09:30 AM
EWK Belgium 17.60
Fair
Fair
Fair
 16.07 16.87 15.03
+0.58 σ
+0.38 σ
+0.98 σ
 +5.81% 09:30 AM
EWG Germany 17.45
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.27 σ
+2.14 σ
+3.47 σ
 -1.69% 09:30 AM
EWD Sweden 16.59
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.20 σ
+0.24 σ
+1.05 σ
 +0.48% 09:30 AM
EIS Israel 16.47
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.05 σ
+3.61 σ
+3.59 σ
 +2.24% 09:30 AM
EIRL Ireland 16.41
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.56 σ
+0.47 σ
+0.09 σ
 +7.20% 09:30 AM
EDEN Denmark 15.83
Fair
Fair
Fair
 16.04 18.01 16.57
-0.09 σ
-0.81 σ
-0.41 σ
 +0.39% 09:30 AM
EWP Spain 15.78
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.61 σ
+2.77 σ
+2.67 σ
 +9.16% 09:30 AM
THD Thailand 15.70
Fair
Fair
Fair
 17.03 17.31 15.94
-0.71 σ
-0.84 σ
-0.10 σ
 +9.87% 09:30 AM
ARGT Argentina 15.59
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.21 σ
+2.06 σ
+1.84 σ
 +3.79% 09:30 AM
TUR Turkey 15.47
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.16 σ
+6.73 σ
+4.58 σ
 +3.01% 09:30 AM
EWI Italy 15.03
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.43 σ
+2.31 σ
+2.40 σ
 +8.26% 09:30 AM
NORW Norway 14.64
Expensive
Overvalued
Overvalued
 10.79 12.67 11.64
+2.01 σ
+1.05 σ
+1.81 σ
 +2.96% 09:30 AM
EPU Perù 14.56
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.18 σ
+1.15 σ
+1.55 σ
 +9.60% 09:30 AM
VNM Vietnam 14.19
Fair
Fair
-
 15.18 16.84 -
-0.47 σ
-0.95 σ
-
 -9.72% 09:30 AM
EWO Austria 14.08
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.40 σ
+2.31 σ
+2.55 σ
 +13.77% 09:30 AM
EPOL Poland 13.77
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.80 σ
+1.95 σ
+1.88 σ
 +11.21% 09:30 AM
EWM Malaysia 13.19
Undervalued
Cheap
Cheap
 14.45 15.08 14.74
-1.58 σ
-2.46 σ
-2.01 σ
 -1.25% 09:30 AM
EWW Mexico 12.53
Fair
Fair
Undervalued
 12.46 13.54 14.27
+0.08 σ
-0.75 σ
-1.01 σ
 +2.53% 09:30 AM
ECH Chile 12.46
Fair
Fair
Undervalued
 10.09 13.14 14.53
+0.99 σ
-0.24 σ
-1.14 σ
 -3.14% 09:30 AM
GREK Greece 11.87
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.43 σ
+0.28 σ
+0.44 σ
 +11.43% 09:30 AM
COLO Colombia 11.61
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+2.89 σ
+1.00 σ
-0.25 σ
 +14.35% 09:30 AM
EWZ Brazil 11.53
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.36 σ
+0.74 σ
+0.99 σ
 +1.84% 09:30 AM
QAT Qatar 11.23
Fair
Undervalued
-
 12.55 13.36 -
-0.78 σ
-1.60 σ
-
 -7.52% 09:30 AM
EIDO Indonesia 9.17
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.88 σ
-3.22 σ
-3.70 σ
 -24.17% 09:30 AM
FXI China 9.09
Fair
Undervalued
Undervalued
 9.96 11.14 10.97
-1.00 σ
-1.51 σ
-1.12 σ
 -7.22% 09:30 AM
EZA South Africa 8.97
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.96 σ
-1.53 σ
-1.72 σ
 -10.59% 09:30 AM
EPHE Philippines 8.46
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.52 σ
-2.25 σ
-2.97 σ
 +0.19% 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).