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 28.39
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.22 σ
+6.76 σ
+7.81 σ
 +27.15% 21 Aug
ENZL New Zealand 27.58
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.18 σ
+0.02 σ
+1.09 σ
 +6.97% 21 Aug
VTI United States 27.03
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.49 σ
+2.20 σ
+3.28 σ
 +8.40% 21 Aug
EWL Switzerland 25.86
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.26 σ
+3.64 σ
+4.20 σ
 +5.48% 21 Aug
INDA India 22.54
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.47 σ
+0.67 σ
+1.51 σ
 -2.02% 21 Aug
EWA Australia 21.22
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.38 σ
+2.30 σ
+3.45 σ
 +6.97% 21 Aug
EWC Canada 20.84
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.66 σ
+2.99 σ
+4.89 σ
 +10.50% 21 Aug
EWN Netherlands 20.78
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.98 σ
+1.84 σ
+2.54 σ
 +10.46% 21 Aug
EWS Singapore 19.35
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.27 σ
+5.18 σ
+5.94 σ
 +15.76% 21 Aug
EWJ Japan 18.74
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.46 σ
+2.79 σ
+2.69 σ
 +7.73% 21 Aug
EWH Hong Kong 18.36
Expensive
Expensive
Expensive
 15.48 15.44 15.28
+2.42 σ
+2.89 σ
+2.94 σ
 +2.96% 21 Aug
EWQ France 18.01
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.68 σ
+1.31 σ
+2.06 σ
 +3.72% 21 Aug
EWG Germany 17.97
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.42 σ
+2.36 σ
+3.76 σ
 +5.06% 21 Aug
EIS Israel 17.22
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.29 σ
+4.04 σ
+4.04 σ
 +2.40% 21 Aug
EDEN Denmark 17.05
Fair
Fair
Fair
 15.95 17.97 16.58
+0.51 σ
-0.34 σ
+0.26 σ
 +5.71% 21 Aug
EWY South Korea 17.03
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.84 σ
+5.22 σ
+6.96 σ
 +24.57% 21 Aug
EIRL Ireland 16.28
Overvalued
Fair
Fair
 14.57 15.53 16.21
+1.77 σ
+0.40 σ
+0.03 σ
 +12.75% 21 Aug
EWP Spain 16.11
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.78 σ
+2.92 σ
+2.84 σ
 +12.02% 21 Aug
EWK Belgium 16.00
Fair
Fair
Fair
 16.04 16.85 15.06
-0.01 σ
-0.44 σ
+0.36 σ
 +7.57% 21 Aug
EWU United Kingdom 15.82
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.63 σ
+1.19 σ
+1.98 σ
 +6.49% 21 Aug
ARGT Argentina 15.80
Overvalued
Expensive
Overvalued
 13.09 12.79 10.86
+1.26 σ
+2.15 σ
+1.90 σ
 +0.58% 21 Aug
TUR Turkey 15.45
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.90 σ
+6.44 σ
+4.53 σ
 +5.35% 21 Aug
EWI Italy 15.19
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.46 σ
+2.37 σ
+2.48 σ
 +10.74% 21 Aug
EPOL Poland 14.75
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.27 σ
+2.61 σ
+2.67 σ
 +16.99% 21 Aug
VNM Vietnam 14.70
Fair
Fair
-
 15.09 16.87 -
-0.19 σ
-0.79 σ
-
 -1.74% 21 Aug
EWD Sweden 14.67
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.70 σ
-1.02 σ
-0.19 σ
 +5.66% 21 Aug
THD Thailand 14.65
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.24 σ
-1.38 σ
-0.57 σ
 +10.40% 21 Aug
EPU Perù 14.54
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.13 σ
+1.12 σ
+1.53 σ
 +16.25% 21 Aug
EWM Malaysia 13.72
Fair
Undervalued
Undervalued
 14.44 15.06 14.74
-0.90 σ
-1.70 σ
-1.33 σ
 +1.58% 21 Aug
NORW Norway 13.46
Overvalued
Fair
Overvalued
 10.79 12.68 11.66
+1.38 σ
+0.42 σ
+1.08 σ
 +8.91% 21 Aug
EWO Austria 13.15
Overvalued
Overvalued
Overvalued
 8.61 9.74 9.96
+1.86 σ
+1.77 σ
+1.97 σ
 +14.65% 21 Aug
ECH Chile 12.44
Overvalued
Fair
Undervalued
 10.07 13.12 14.51
+1.01 σ
-0.25 σ
-1.14 σ
 +1.73% 21 Aug
EWW Mexico 12.23
Fair
Fair
Undervalued
 12.43 13.50 14.27
-0.26 σ
-0.97 σ
-1.18 σ
 +3.42% 21 Aug
COLO Colombia 11.75
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+2.88 σ
+1.06 σ
-0.19 σ
 +23.86% 21 Aug
GREK Greece 11.60
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.27 σ
+0.14 σ
+0.32 σ
 +18.61% 21 Aug
EWZ Brazil 11.43
Expensive
Fair
Fair
 8.16 10.08 10.11
+2.12 σ
+0.69 σ
+0.91 σ
 -1.93% 21 Aug
QAT Qatar 10.67
Undervalued
Undervalued
-
 12.43 13.34 -
-1.11 σ
-1.98 σ
-
 -8.84% 21 Aug
FXI China 9.81
Fair
Fair
Fair
 9.91 11.13 10.97
-0.13 σ
-0.97 σ
-0.69 σ
 -2.93% 21 Aug
EIDO Indonesia 9.65
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.48 σ
-2.84 σ
-3.30 σ
 -18.40% 21 Aug
EZA South Africa 9.42
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.71 σ
-1.28 σ
-1.45 σ
 +5.34% 21 Aug
EPHE Philippines 8.40
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.54 σ
-2.22 σ
-2.97 σ
 -0.06% 21 Aug
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).