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 26.82
Fair
Fair
Fair
 26.98 27.41 21.39
-0.04 σ
-0.14 σ
+0.98 σ
 -3.21% 15 May
VTI United States 25.91
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.26 σ
+2.00 σ
+3.10 σ
 +8.86% 15 May
EWT Taiwan 23.80
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.10 σ
+4.72 σ
+5.61 σ
 +32.70% 15 May
INDA India 22.92
Fair
Fair
Overvalued
 23.07 20.77 18.01
-0.12 σ
+0.89 σ
+1.71 σ
 -7.84% 15 May
EWL Switzerland 22.57
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.12 σ
+2.26 σ
+2.95 σ
 +4.38% 15 May
EWA Australia 20.49
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.25 σ
+2.11 σ
+3.26 σ
 +4.42% 15 May
EWY South Korea 19.84
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.58 σ
+8.28 σ
+10.15 σ
 +64.58% 15 May
EWC Canada 19.42
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.32 σ
+2.42 σ
+4.00 σ
 +8.08% 15 May
EWN Netherlands 18.54
Fair
Fair
Overvalued
 17.66 17.02 14.40
+0.42 σ
+0.79 σ
+1.72 σ
 +9.67% 15 May
EWH Hong Kong 18.42
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.51 σ
+3.19 σ
+3.12 σ
 +7.59% 15 May
EWJ Japan 18.24
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.37 σ
+2.66 σ
+2.43 σ
 +8.49% 15 May
EWK Belgium 18.17
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.78 σ
+0.66 σ
+1.23 σ
 +6.98% 15 May
EWQ France 17.81
Fair
Overvalued
Expensive
 16.58 15.52 13.45
+0.63 σ
+1.31 σ
+2.06 σ
 -0.89% 15 May
EWU United Kingdom 17.64
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.39 σ
+2.31 σ
+3.18 σ
 +3.19% 15 May
EWG Germany 17.64
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.47 σ
+2.43 σ
+3.74 σ
 -1.11% 15 May
EIS Israel 16.86
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.43 σ
+4.07 σ
+3.85 σ
 +17.54% 15 May
NORW Norway 16.68
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.05 σ
+2.16 σ
+3.11 σ
 +18.98% 15 May
VNM Vietnam 16.52
Fair
Fair
-
 15.32 16.73 -
+0.52 σ
-0.07 σ
-
 +5.46% 15 May
EDEN Denmark 16.15
Fair
Fair
Fair
 16.28 18.06 16.55
-0.05 σ
-0.72 σ
-0.22 σ
 -0.59% 15 May
EWS Singapore 16.10
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.53 σ
+2.56 σ
+2.82 σ
 +2.44% 15 May
THD Thailand 16.02
Fair
Fair
Fair
 17.23 17.41 15.89
-0.59 σ
-0.70 σ
+0.05 σ
 +12.43% 15 May
TUR Turkey 15.77
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.98 σ
+7.42 σ
+4.82 σ
 +11.62% 15 May
EWD Sweden 15.27
Fair
Fair
Fair
 16.33 16.19 14.90
-0.48 σ
-0.59 σ
+0.23 σ
 +0.49% 15 May
EWM Malaysia 15.16
Fair
Fair
Fair
 14.43 15.09 14.73
+0.91 σ
+0.09 σ
+0.55 σ
 +8.62% 15 May
EWP Spain 14.90
Expensive
Expensive
Expensive
 11.29 11.94 11.58
+2.90 σ
+2.28 σ
+2.17 σ
 +5.99% 15 May
ARGT Argentina 14.78
Fair
Overvalued
Overvalued
 12.85 12.63 10.73
+0.94 σ
+1.59 σ
+1.58 σ
 -0.13% 15 May
EWI Italy 14.33
Expensive
Overvalued
Overvalued
 10.61 11.46 11.17
+2.10 σ
+1.90 σ
+1.99 σ
 +7.44% 15 May
EIRL Ireland 14.17
Fair
Fair
Fair
 14.83 15.54 16.17
-0.42 σ
-0.73 σ
-0.82 σ
 +2.34% 15 May
EWO Austria 14.04
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.71 σ
+2.37 σ
+2.55 σ
 +13.23% 15 May
EPU Perù 13.51
Fair
Fair
Fair
 12.13 12.84 12.31
+0.69 σ
+0.45 σ
+0.84 σ
 +12.05% 15 May
EWW Mexico 12.80
Fair
Fair
Fair
 12.53 13.63 14.27
+0.30 σ
-0.58 σ
-0.85 σ
 +9.03% 15 May
ECH Chile 12.54
Fair
Fair
Undervalued
 10.12 13.15 14.55
+0.99 σ
-0.22 σ
-1.11 σ
 +2.41% 15 May
EPOL Poland 12.23
Overvalued
Fair
Fair
 10.13 11.05 11.45
+1.02 σ
+0.86 σ
+0.64 σ
 +9.75% 15 May
EWZ Brazil 11.82
Expensive
Fair
Overvalued
 8.01 10.05 10.04
+2.84 σ
+0.92 σ
+1.22 σ
 +7.00% 15 May
QAT Qatar 11.25
Fair
Undervalued
-
 12.78 13.38 -
-0.82 σ
-1.62 σ
-
 -3.33% 15 May
COLO Colombia 10.87
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.40 σ
+0.65 σ
-0.52 σ
 -1.67% 15 May
GREK Greece 10.68
Fair
Fair
Fair
 9.40 11.35 10.93
+0.69 σ
-0.34 σ
-0.12 σ
 +5.22% 15 May
EIDO Indonesia 10.47
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.84 σ
-2.48 σ
-2.66 σ
 -19.19% 15 May
FXI China 9.83
Fair
Undervalued
Fair
 10.10 11.17 11.00
-0.27 σ
-1.00 σ
-0.70 σ
 -6.23% 15 May
EZA South Africa 9.51
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.68 σ
-1.31 σ
-1.42 σ
 +0.15% 15 May
EPHE Philippines 8.23
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.69 σ
-2.45 σ
-3.12 σ
 -3.24% 15 May
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).