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 28.13
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.13 σ
+6.62 σ
+7.67 σ
 +25.68% 09:30 AM
ENZL New Zealand 27.48
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.15 σ
-0.01 σ
+1.07 σ
 +6.52% 09:30 AM
EWL Switzerland 25.81
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.24 σ
+3.62 σ
+4.18 σ
 +5.18% 09:30 AM
VTI United States 24.63
Fair
Overvalued
Expensive
 23.01 20.44 16.95
+0.60 σ
+1.40 σ
+2.50 σ
 +7.99% 09:30 AM
INDA India 22.41
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.57 σ
+0.61 σ
+1.47 σ
 -2.55% 09:30 AM
EWA Australia 21.16
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.36 σ
+2.27 σ
+3.42 σ
 +6.62% 09:30 AM
EWC Canada 20.76
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.64 σ
+2.94 σ
+4.83 σ
 +9.95% 09:30 AM
EWN Netherlands 20.71
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.94 σ
+1.80 σ
+2.51 σ
 +9.98% 09:30 AM
EWS Singapore 19.33
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.26 σ
+5.17 σ
+5.92 σ
 +15.55% 09:30 AM
EWJ Japan 18.67
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.42 σ
+2.74 σ
+2.65 σ
 +7.28% 09:30 AM
EWH Hong Kong 18.28
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.35 σ
+2.80 σ
+2.85 σ
 +2.44% 09:30 AM
EWQ France 17.98
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.67 σ
+1.30 σ
+2.04 σ
 +3.55% 09:30 AM
EWG Germany 17.94
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.41 σ
+2.34 σ
+3.74 σ
 +4.84% 09:30 AM
EDEN Denmark 17.19
Fair
Fair
Fair
 15.95 17.97 16.58
+0.57 σ
-0.29 σ
+0.33 σ
 +6.48% 09:30 AM
EIS Israel 17.02
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.20 σ
+3.90 σ
+3.91 σ
 +1.14% 09:30 AM
EWY South Korea 16.58
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.57 σ
+4.87 σ
+6.52 σ
 +20.96% 09:30 AM
EIRL Ireland 16.31
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.80 σ
+0.42 σ
+0.04 σ
 +12.83% 09:30 AM
EWP Spain 16.19
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.84 σ
+2.97 σ
+2.89 σ
 +12.44% 09:30 AM
ARGT Argentina 16.15
Overvalued
Expensive
Expensive
 13.09 12.79 10.86
+1.42 σ
+2.40 σ
+2.04 σ
 +2.79% 09:30 AM
EWK Belgium 15.96
Fair
Fair
Fair
 16.04 16.85 15.06
-0.03 σ
-0.46 σ
+0.34 σ
 +7.21% 09:30 AM
EWU United Kingdom 15.87
Fair
Overvalued
Expensive
 13.77 13.50 12.42
+0.65 σ
+1.21 σ
+2.01 σ
 +6.75% 09:30 AM
TUR Turkey 15.35
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.86 σ
+6.36 σ
+4.46 σ
 +4.56% 09:30 AM
EWI Italy 15.16
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.44 σ
+2.35 σ
+2.46 σ
 +10.36% 09:30 AM
EPOL Poland 14.78
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.29 σ
+2.64 σ
+2.69 σ
 +17.08% 09:30 AM
VNM Vietnam 14.73
Fair
Fair
-
 15.09 16.87 -
-0.18 σ
-0.78 σ
-
 -1.58% 09:30 AM
EWD Sweden 14.65
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.71 σ
-1.03 σ
-0.20 σ
 +5.47% 09:30 AM
EPU Perù 14.59
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.15 σ
+1.15 σ
+1.56 σ
 +16.35% 09:30 AM
THD Thailand 14.40
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.38 σ
-1.51 σ
-0.68 σ
 +8.38% 09:30 AM
EWM Malaysia 13.69
Fair
Undervalued
Undervalued
 14.44 15.06 14.74
-0.93 σ
-1.74 σ
-1.37 σ
 +1.32% 09:30 AM
NORW Norway 13.43
Overvalued
Fair
Overvalued
 10.79 12.68 11.66
+1.36 σ
+0.40 σ
+1.06 σ
 +8.50% 09:30 AM
EWO Austria 13.15
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.86 σ
+1.77 σ
+1.97 σ
 +14.48% 09:30 AM
ECH Chile 12.69
Overvalued
Fair
Undervalued
 10.07 13.12 14.51
+1.11 σ
-0.16 σ
-1.00 σ
 +3.67% 09:30 AM
EWW Mexico 12.19
Fair
Fair
Undervalued
 12.43 13.50 14.27
-0.30 σ
-1.00 σ
-1.20 σ
 +3.03% 09:30 AM
COLO Colombia 11.85
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+2.94 σ
+1.10 σ
-0.16 σ
 +24.67% 09:30 AM
GREK Greece 11.63
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.28 σ
+0.15 σ
+0.33 σ
 +18.72% 09:30 AM
EWZ Brazil 11.46
Expensive
Fair
Fair
 8.16 10.08 10.11
+2.14 σ
+0.71 σ
+0.94 σ
 -1.68% 09:30 AM
QAT Qatar 10.67
Undervalued
Undervalued
-
 12.43 13.34 -
-1.10 σ
-1.98 σ
-
 -8.74% 09:30 AM
FXI China 9.72
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.23 σ
-1.03 σ
-0.74 σ
 -3.72% 09:30 AM
EIDO Indonesia 9.56
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.56 σ
-2.90 σ
-3.38 σ
 -19.02% 09:30 AM
EZA South Africa 9.27
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.79 σ
-1.35 σ
-1.54 σ
 +3.56% 09:30 AM
EPHE Philippines 8.41
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.53 σ
-2.22 σ
-2.97 σ
 -0.04% 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).