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 29.98
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+4.50 σ
+7.39 σ
+8.53 σ
 +31.20% 09:30 AM
ENZL New Zealand 27.11
Fair
Fair
Fair
 26.84 27.52 21.67
+0.07 σ
-0.10 σ
+0.99 σ
 +4.86% 09:30 AM
EWL Switzerland 25.51
Expensive
Expensive
Expensive
 20.22 18.64 16.06
+2.04 σ
+3.35 σ
+3.98 σ
 +3.52% 09:30 AM
VTI United States 24.89
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.67 σ
+1.45 σ
+2.53 σ
 +8.52% 09:30 AM
INDA India 22.67
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.35 σ
+0.71 σ
+1.54 σ
 -1.08% 09:30 AM
EWA Australia 21.38
Overvalued
Expensive
Expensive
 17.66 16.83 15.03
+1.39 σ
+2.32 σ
+3.47 σ
 +7.16% 09:30 AM
EWC Canada 20.88
Overvalued
Expensive
Expensive
 16.37 15.50 14.52
+1.60 σ
+2.90 σ
+4.79 σ
 +9.71% 09:30 AM
EWN Netherlands 20.38
Overvalued
Overvalued
Expensive
 17.44 17.24 14.56
+1.81 σ
+1.59 σ
+2.34 σ
 +7.51% 09:30 AM
EWS Singapore 19.65
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+3.30 σ
+5.27 σ
+6.14 σ
 +16.54% 09:30 AM
EWJ Japan 19.28
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.65 σ
+3.06 σ
+3.02 σ
 +10.11% 09:30 AM
EWH Hong Kong 18.07
Expensive
Expensive
Expensive
 15.51 15.46 15.28
+2.08 σ
+2.52 σ
+2.62 σ
 +1.24% 09:30 AM
EWG Germany 17.86
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.32 σ
+2.20 σ
+3.61 σ
 +4.03% 09:30 AM
EIS Israel 17.67
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.35 σ
+4.22 σ
+4.28 σ
 +4.32% 09:30 AM
EWQ France 17.52
Fair
Overvalued
Overvalued
 16.66 15.70 13.58
+0.43 σ
+1.02 σ
+1.81 σ
 +0.75% 09:30 AM
EDEN Denmark 17.30
Fair
Fair
Fair
 15.88 17.96 16.59
+0.68 σ
-0.24 σ
+0.39 σ
 +6.82% 09:30 AM
EWY South Korea 17.24
Expensive
Expensive
Expensive
 10.85 10.40 9.99
+3.39 σ
+5.18 σ
+7.06 σ
 +22.86% 09:30 AM
ARGT Argentina 16.48
Overvalued
Expensive
Expensive
 13.17 12.84 10.86
+1.51 σ
+2.55 σ
+2.17 σ
 +4.70% 09:30 AM
EIRL Ireland 16.37
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.99 σ
+0.45 σ
+0.06 σ
 +12.43% 09:30 AM
EWK Belgium 16.14
Fair
Fair
Fair
 15.96 16.82 15.08
+0.07 σ
-0.36 σ
+0.41 σ
 +7.78% 09:30 AM
EWP Spain 16.02
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.61 σ
+2.77 σ
+2.76 σ
 +10.44% 09:30 AM
EWU United Kingdom 15.73
Fair
Overvalued
Overvalued
 13.85 13.50 12.44
+0.58 σ
+1.14 σ
+1.90 σ
 +5.33% 09:30 AM
EWI Italy 14.98
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.27 σ
+2.19 σ
+2.32 σ
 +8.37% 09:30 AM
EPOL Poland 14.79
Expensive
Expensive
Expensive
 10.13 11.10 11.48
+2.26 σ
+2.61 σ
+2.68 σ
 +15.94% 09:30 AM
TUR Turkey 14.79
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.47 σ
+5.49 σ
+4.09 σ
 +0.02% 09:30 AM
VNM Vietnam 14.73
Fair
Fair
-
 15.01 16.91 -
-0.14 σ
-0.81 σ
-
 -1.76% 09:30 AM
EWD Sweden 14.60
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.70 σ
-1.05 σ
-0.24 σ
 +4.67% 09:30 AM
THD Thailand 14.33
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.37 σ
-1.53 σ
-0.71 σ
 +7.08% 09:30 AM
EPU Perù 14.31
Fair
Fair
Overvalued
 12.32 12.89 12.41
+0.97 σ
+0.96 σ
+1.35 σ
 +12.45% 09:30 AM
EWM Malaysia 13.54
Undervalued
Undervalued
Undervalued
 14.45 15.03 14.75
-1.13 σ
-1.87 σ
-1.57 σ
 -0.07% 09:30 AM
NORW Norway 13.54
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.44 σ
+0.46 σ
+1.12 σ
 +8.33% 09:30 AM
EWO Austria 13.40
Overvalued
Overvalued
Expensive
 8.68 9.77 9.96
+1.87 σ
+1.85 σ
+2.12 σ
 +15.21% 09:30 AM
EWZ Brazil 12.43
Expensive
Overvalued
Overvalued
 8.24 10.08 10.13
+2.58 σ
+1.21 σ
+1.59 σ
 +6.15% 09:30 AM
ECH Chile 12.32
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.97 σ
-0.28 σ
-1.19 σ
 +0.20% 09:30 AM
EWW Mexico 12.16
Fair
Undervalued
Undervalued
 12.39 13.46 14.26
-0.30 σ
-1.01 σ
-1.21 σ
 +2.29% 09:30 AM
GREK Greece 11.87
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.43 σ
+0.28 σ
+0.45 σ
 +19.73% 09:30 AM
COLO Colombia 11.74
Expensive
Overvalued
Fair
 7.27 9.44 12.26
+2.77 σ
+1.05 σ
-0.19 σ
 +22.05% 09:30 AM
QAT Qatar 10.72
Undervalued
Undervalued
-
 12.31 13.33 -
-1.07 σ
-1.91 σ
-
 -7.97% 09:30 AM
EIDO Indonesia 9.99
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.14 σ
-2.57 σ
-3.02 σ
 -14.13% 09:30 AM
FXI China 9.66
Fair
Undervalued
Fair
 9.87 11.11 10.95
-0.26 σ
-1.05 σ
-0.76 σ
 -3.78% 09:30 AM
EZA South Africa 9.33
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.75 σ
-1.29 σ
-1.49 σ
 +3.96% 09:30 AM
EPHE Philippines 8.13
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.65 σ
-2.28 σ
-3.07 σ
 -3.45% 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).