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 30.06
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.73 σ
+0.68 σ
+1.59 σ
 -2.28% 11:49 AM
VTI United States 26.22
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.49 σ
+2.23 σ
+3.33 σ
 +2.16% 01:00 PM
EWL Switzerland 23.95
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.83 σ
+3.21 σ
+3.70 σ
 +5.32% 12:59 PM
EWT Taiwan 23.13
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.06 σ
+4.55 σ
+5.42 σ
 +10.42% 01:00 PM
EWA Australia 22.76
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.29 σ
+3.55 σ
+4.79 σ
 +6.35% 01:00 PM
EWY South Korea 20.55
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.80 σ
+9.52 σ
+11.20 σ
 +42.91% 01:00 PM
EWC Canada 20.37
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.83 σ
+3.25 σ
+4.92 σ
 +11.16% 01:00 PM
EWH Hong Kong 20.36
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.24 σ
+5.47 σ
+5.11 σ
 +6.84% 12:59 PM
EWQ France 19.90
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.72 σ
+2.61 σ
+3.14 σ
 -1.34% 01:00 PM
EWU United Kingdom 19.70
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.26 σ
+3.57 σ
+4.53 σ
 +7.60% 12:59 PM
EWK Belgium 19.60
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.28 σ
+1.38 σ
+1.81 σ
 +3.87% 12:38 PM
EWJ Japan 19.31
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.13 σ
+3.55 σ
+3.10 σ
 +4.48% 01:00 PM
EWN Netherlands 18.73
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.33 σ
+0.91 σ
+1.84 σ
 +2.66% 12:46 PM
EWD Sweden 18.48
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.87 σ
+1.50 σ
+2.28 σ
 +5.89% 12:44 PM
EWG Germany 18.34
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.87 σ
+3.08 σ
+4.41 σ
 -3.89% 01:00 PM
EIS Israel 17.59
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.92 σ
+4.83 σ
+4.33 σ
 +20.05% 12:57 PM
EZA South Africa 17.44
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.95 σ
+2.71 σ
+3.31 σ
 +11.02% 12:55 PM
EPU Perù 17.32
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.69 σ
+3.11 σ
+3.48 σ
 +29.30% 12:58 PM
ARGT Argentina 16.58
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.02 σ
+3.10 σ
+2.36 σ
 +0.45% 12:54 PM
EWS Singapore 16.49
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.94 σ
+3.10 σ
+3.27 σ
 -0.91% 12:58 PM
EDEN Denmark 15.87
Fair
Fair
Fair
 16.62 18.14 16.55
-0.25 σ
-0.86 σ
-0.37 σ
 -7.59% 12:24 PM
EWP Spain 15.60
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.46 σ
+2.97 σ
+2.67 σ
 +6.31% 12:59 PM
VNM Vietnam 15.49
Fair
Fair
-
 15.52 16.63 -
-0.01 σ
-0.38 σ
-
 -1.73% 01:00 PM
EWM Malaysia 15.41
Overvalued
Fair
Fair
 14.36 15.09 14.71
+1.35 σ
+0.43 σ
+0.89 σ
 +7.50% 12:59 PM
NORW Norway 15.30
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.34 σ
+1.45 σ
+2.31 σ
 +18.13% 12:49 PM
EWO Austria 15.26
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.55 σ
+3.08 σ
+3.30 σ
 +7.53% 12:53 PM
THD Thailand 14.99
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.14 σ
-1.25 σ
-0.35 σ
 +10.91% 12:50 PM
EIRL Ireland 14.92
Fair
Fair
Fair
 15.09 15.59 16.16
-0.09 σ
-0.36 σ
-0.51 σ
 +0.24% 12:46 PM
EWW Mexico 14.87
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.59 σ
+0.81 σ
+0.34 σ
 +8.63% 01:00 PM
ECH Chile 14.80
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.89 σ
+0.59 σ
+0.13 σ
 +8.58% 12:58 PM
TUR Turkey 13.82
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.01 σ
+6.09 σ
+3.64 σ
 +8.75% 12:58 PM
EWI Italy 13.64
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.71 σ
+1.49 σ
+1.56 σ
 +1.71% 12:59 PM
EWZ Brazil 13.45
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.33 σ
+1.81 σ
+2.38 σ
 +16.74% 01:00 PM
EPOL Poland 13.44
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.58 σ
+1.75 σ
+1.62 σ
 +4.56% 01:00 PM
INDA India 13.03
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.15 σ
-3.15 σ
-1.76 σ
 -7.11% 01:00 PM
EIDO Indonesia 12.46
Fair
Undervalued
Fair
 12.89 14.17 13.66
-0.33 σ
-1.19 σ
-0.99 σ
 -10.81% 12:59 PM
QAT Qatar 12.17
Fair
Fair
-
 13.01 13.38 -
-0.42 σ
-0.93 σ
-
 -3.06% 11:48 AM
GREK Greece 11.91
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.26 σ
+0.29 σ
+0.43 σ
 -0.88% 12:58 PM
COLO Colombia 11.44
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.78 σ
+0.89 σ
-0.34 σ
 +8.85% 12:59 PM
FXI China 10.46
Fair
Fair
Fair
 10.21 11.17 11.02
+0.22 σ
-0.53 σ
-0.33 σ
 -6.17% 01:00 PM
EPHE Philippines 9.43
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.29 σ
-2.11 σ
-2.65 σ
 -4.89% 12:54 PM
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).