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 27.76
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.20 σ
+0.09 σ
+1.15 σ
 -1.87% 05 May
VTI United States 25.50
Overvalued
Overvalued
Expensive
 22.71 20.15 16.80
+1.10 σ
+1.86 σ
+2.96 σ
 +7.80% 05 May
EWT Taiwan 25.31
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.71 σ
+5.54 σ
+6.48 σ
 +37.72% 05 May
EWL Switzerland 22.42
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.06 σ
+2.18 σ
+2.89 σ
 +4.84% 05 May
INDA India 21.24
Undervalued
Fair
Overvalued
 23.07 20.77 18.01
-1.43 σ
+0.19 σ
+1.13 σ
 -5.97% 05 May
EWA Australia 20.07
Overvalued
Overvalued
Expensive
 17.33 16.64 14.90
+1.09 σ
+1.88 σ
+3.02 σ
 +6.59% 05 May
EWY South Korea 19.99
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.70 σ
+8.41 σ
+10.30 σ
 +66.45% 05 May
EWC Canada 19.25
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.25 σ
+2.32 σ
+3.87 σ
 +9.49% 05 May
EIS Israel 18.57
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+3.28 σ
+5.36 σ
+4.97 σ
 +23.95% 05 May
EWK Belgium 18.19
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.78 σ
+0.67 σ
+1.23 σ
 +7.38% 05 May
EWH Hong Kong 17.93
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.10 σ
+2.69 σ
+2.64 σ
 +6.69% 05 May
EWN Netherlands 17.82
Fair
Fair
Overvalued
 17.66 17.02 14.40
+0.08 σ
+0.41 σ
+1.42 σ
 +8.83% 05 May
NORW Norway 17.70
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.58 σ
+2.71 σ
+3.73 σ
 +22.37% 05 May
EWQ France 17.45
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.44 σ
+1.11 σ
+1.89 σ
 +1.46% 05 May
EWU United Kingdom 17.42
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.31 σ
+2.19 σ
+3.04 σ
 +5.77% 05 May
EWJ Japan 17.28
Overvalued
Overvalued
Overvalued
 14.84 14.40 14.43
+1.70 σ
+1.99 σ
+1.82 σ
 +7.22% 05 May
EWG Germany 17.06
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.22 σ
+2.06 σ
+3.32 σ
 +1.33% 05 May
EWD Sweden 16.71
Fair
Fair
Overvalued
 16.33 16.19 14.90
+0.17 σ
+0.33 σ
+1.13 σ
 +3.61% 05 May
TUR Turkey 15.85
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.01 σ
+7.49 σ
+4.87 σ
 +15.94% 05 May
VNM Vietnam 15.80
Fair
Fair
-
 15.32 16.73 -
+0.21 σ
-0.32 σ
-
 +5.84% 05 May
EWS Singapore 15.75
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.30 σ
+2.23 σ
+2.45 σ
 +1.89% 05 May
EWM Malaysia 15.66
Overvalued
Fair
Overvalued
 14.43 15.09 14.73
+1.53 σ
+0.75 σ
+1.18 σ
 +10.23% 05 May
THD Thailand 15.51
Fair
Fair
Fair
 17.23 17.41 15.89
-0.84 σ
-0.95 σ
-0.16 σ
 +12.48% 05 May
EDEN Denmark 15.45
Fair
Fair
Fair
 16.28 18.06 16.55
-0.32 σ
-0.98 σ
-0.60 σ
 -0.04% 05 May
ARGT Argentina 15.35
Overvalued
Expensive
Overvalued
 12.85 12.63 10.73
+1.21 σ
+2.00 σ
+1.80 σ
 +4.23% 05 May
EWO Austria 14.43
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.90 σ
+2.58 σ
+2.79 σ
 +14.39% 05 May
EWP Spain 14.25
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.38 σ
+1.78 σ
+1.74 σ
 +8.08% 05 May
EWW Mexico 13.86
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.48 σ
+0.17 σ
-0.23 σ
 +10.73% 05 May
EPU Perù 13.73
Fair
Fair
Fair
 12.13 12.84 12.31
+0.80 σ
+0.61 σ
+1.00 σ
 +12.13% 05 May
EWI Italy 13.59
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.17
+1.68 σ
+1.41 σ
+1.52 σ
 +8.53% 05 May
EIRL Ireland 13.43
Fair
Undervalued
Undervalued
 14.83 15.54 16.17
-0.89 σ
-1.12 σ
-1.13 σ
 +3.72% 05 May
ECH Chile 13.06
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.21 σ
-0.03 σ
-0.82 σ
 +6.95% 05 May
EWZ Brazil 12.74
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.52 σ
+1.40 σ
+1.85 σ
 +18.84% 05 May
EPOL Poland 12.09
Fair
Fair
Fair
 10.13 11.05 11.45
+0.95 σ
+0.76 σ
+0.52 σ
 +11.09% 05 May
COLO Colombia 10.86
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.40 σ
+0.64 σ
-0.53 σ
 +4.50% 05 May
QAT Qatar 10.79
Undervalued
Undervalued
-
 12.78 13.38 -
-1.06 σ
-1.97 σ
-
 -2.52% 05 May
EIDO Indonesia 10.76
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.60 σ
-2.28 σ
-2.42 σ
 -15.16% 05 May
GREK Greece 10.06
Fair
Fair
Fair
 9.40 11.35 10.93
+0.36 σ
-0.66 σ
-0.40 σ
 +5.36% 05 May
FXI China 9.83
Fair
Undervalued
Fair
 10.10 11.17 11.00
-0.27 σ
-1.00 σ
-0.70 σ
 -5.60% 05 May
EZA South Africa 9.26
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.82 σ
-1.44 σ
-1.56 σ
 +1.69% 05 May
EPHE Philippines 8.54
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.56 σ
-2.33 σ
-2.98 σ
 -4.35% 05 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).