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 29.68
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.68 σ
+7.43 σ
+8.53 σ
 +27.63% 06 Aug
ENZL New Zealand 27.83
Fair
Fair
Overvalued
 26.88 27.50 21.60
+0.25 σ
+0.08 σ
+1.14 σ
 +5.00% 06 Aug
VTI United States 27.09
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.51 σ
+2.22 σ
+3.30 σ
 +9.44% 06 Aug
EWL Switzerland 24.83
Overvalued
Expensive
Expensive
 20.13 18.57 16.02
+1.86 σ
+3.13 σ
+3.76 σ
 +5.12% 06 Aug
INDA India 22.91
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.17 σ
+0.83 σ
+1.64 σ
 -1.58% 06 Aug
EWA Australia 22.29
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.79 σ
+2.85 σ
+4.04 σ
 +7.62% 06 Aug
EWC Canada 21.67
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.97 σ
+3.45 σ
+5.53 σ
 +8.74% 06 Aug
EWN Netherlands 21.37
Expensive
Expensive
Expensive
 17.47 17.18 14.52
+2.33 σ
+2.14 σ
+2.78 σ
 +10.05% 06 Aug
EWQ France 19.64
Overvalued
Expensive
Expensive
 16.64 15.67 13.54
+1.49 σ
+2.23 σ
+2.81 σ
 +5.36% 06 Aug
EWJ Japan 19.18
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.74 σ
+3.08 σ
+2.97 σ
 +8.61% 06 Aug
EWG Germany 18.45
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.62 σ
+2.64 σ
+4.09 σ
 +3.79% 06 Aug
EWU United Kingdom 18.25
Overvalued
Expensive
Expensive
 13.77 13.50 12.42
+1.39 σ
+2.43 σ
+3.39 σ
 +5.83% 06 Aug
EWS Singapore 18.14
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+2.54 σ
+4.11 σ
+4.73 σ
 +12.68% 06 Aug
EWY South Korea 17.95
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+4.40 σ
+5.94 σ
+7.87 σ
 +18.30% 06 Aug
EWK Belgium 17.76
Fair
Fair
Overvalued
 16.04 16.85 15.06
+0.67 σ
+0.47 σ
+1.04 σ
 +6.20% 06 Aug
EWH Hong Kong 17.55
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+1.73 σ
+2.08 σ
+2.16 σ
 -0.56% 06 Aug
EWD Sweden 17.50
Fair
Fair
Overvalued
 16.13 16.24 14.96
+0.66 σ
+0.82 σ
+1.61 σ
 +5.53% 06 Aug
EIRL Ireland 17.05
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.57 σ
+0.81 σ
+0.35 σ
 +10.55% 06 Aug
EIS Israel 16.52
Overvalued
Expensive
Expensive
 12.11 11.54 10.99
+1.98 σ
+3.54 σ
+3.58 σ
 +1.78% 06 Aug
EWP Spain 16.40
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+4.01 σ
+3.13 σ
+3.03 σ
 +12.30% 06 Aug
EDEN Denmark 15.89
Fair
Fair
Fair
 15.95 17.97 16.58
-0.03 σ
-0.78 σ
-0.38 σ
 +0.72% 06 Aug
EWI Italy 15.75
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.76 σ
+2.73 σ
+2.82 σ
 +12.43% 06 Aug
THD Thailand 15.68
Fair
Fair
Fair
 16.94 17.25 15.96
-0.68 σ
-0.83 σ
-0.12 σ
 +8.78% 06 Aug
ARGT Argentina 15.31
Overvalued
Overvalued
Overvalued
 13.09 12.79 10.86
+1.03 σ
+1.80 σ
+1.71 σ
 +0.84% 06 Aug
TUR Turkey 15.30
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.84 σ
+6.32 σ
+4.43 σ
 +1.19% 06 Aug
EPU Perù 15.18
Overvalued
Overvalued
Overvalued
 12.23 12.88 12.38
+1.43 σ
+1.55 σ
+1.98 σ
 +12.74% 06 Aug
VNM Vietnam 14.97
Fair
Fair
-
 15.09 16.87 -
-0.06 σ
-0.69 σ
-
 -4.22% 06 Aug
EWO Austria 14.86
Expensive
Expensive
Expensive
 8.61 9.74 9.96
+2.56 σ
+2.65 σ
+3.02 σ
 +18.36% 06 Aug
NORW Norway 14.82
Expensive
Overvalued
Overvalued
 10.79 12.68 11.66
+2.08 σ
+1.13 σ
+1.89 σ
 +3.49% 06 Aug
EPOL Poland 14.76
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.28 σ
+2.63 σ
+2.68 σ
 +17.79% 06 Aug
EWM Malaysia 13.42
Undervalued
Cheap
Undervalued
 14.44 15.06 14.74
-1.28 σ
-2.09 σ
-1.72 σ
 +0.06% 06 Aug
ECH Chile 13.26
Overvalued
Fair
Fair
 10.07 13.12 14.51
+1.36 σ
+0.05 σ
-0.69 σ
 +2.27% 06 Aug
EWW Mexico 12.69
Fair
Fair
Fair
 12.43 13.50 14.27
+0.32 σ
-0.62 σ
-0.92 σ
 +3.15% 06 Aug
GREK Greece 12.45
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.74 σ
+0.57 σ
+0.71 σ
 +15.71% 06 Aug
COLO Colombia 12.23
Expensive
Overvalued
Fair
 7.24 9.44 12.29
+3.19 σ
+1.28 σ
-0.02 σ
 +18.79% 06 Aug
EWZ Brazil 11.50
Expensive
Fair
Fair
 8.16 10.08 10.11
+2.17 σ
+0.73 σ
+0.96 σ
 +0.72% 06 Aug
QAT Qatar 11.36
Fair
Undervalued
-
 12.43 13.34 -
-0.68 σ
-1.47 σ
-
 -6.13% 06 Aug
EZA South Africa 9.77
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.51 σ
-1.10 σ
-1.24 σ
 -2.48% 06 Aug
EIDO Indonesia 9.43
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.68 σ
-2.99 σ
-3.49 σ
 -20.97% 06 Aug
FXI China 9.42
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.60 σ
-1.25 σ
-0.92 σ
 -3.38% 06 Aug
EPHE Philippines 8.64
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.43 σ
-2.14 σ
-2.87 σ
 +2.27% 06 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).