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 28.09
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.35 σ
+6.79 σ
+7.79 σ
 +21.89% 09:30 AM
ENZL New Zealand 27.33
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.11 σ
-0.04 σ
+1.06 σ
 +3.23% 09:30 AM
VTI United States 26.33
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.28 σ
+2.02 σ
+3.11 σ
 +6.68% 09:30 AM
EWL Switzerland 24.61
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.83 σ
+3.13 σ
+3.73 σ
 +4.42% 09:30 AM
INDA India 22.78
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.27 σ
+0.79 σ
+1.62 σ
 -2.29% 09:30 AM
EWA Australia 21.68
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.62 σ
+2.61 σ
+3.78 σ
 +4.91% 09:30 AM
EWC Canada 21.20
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.88 σ
+3.30 σ
+5.26 σ
 +6.75% 09:30 AM
EWN Netherlands 20.85
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.96 σ
+1.92 σ
+2.61 σ
 +7.72% 09:30 AM
EWQ France 19.21
Overvalued
Expensive
Expensive
 16.60 15.60 13.51
+1.32 σ
+2.04 σ
+2.65 σ
 +3.18% 09:30 AM
EWJ Japan 18.62
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.48 σ
+2.78 σ
+2.64 σ
 +5.78% 09:30 AM
EWU United Kingdom 18.30
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.47 σ
+2.51 σ
+3.47 σ
 +6.37% 09:30 AM
EWG Germany 18.17
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.57 σ
+2.58 σ
+3.97 σ
 +2.34% 09:30 AM
EWH Hong Kong 18.00
Expensive
Expensive
Expensive
 15.47 15.41 15.26
+2.18 σ
+2.61 σ
+2.63 σ
 +2.16% 09:30 AM
EWS Singapore 17.98
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.56 σ
+4.10 σ
+4.64 σ
 +12.05% 09:30 AM
EWK Belgium 17.61
Fair
Fair
Fair
 16.07 16.87 15.03
+0.59 σ
+0.38 σ
+0.99 σ
 +5.55% 09:30 AM
EWD Sweden 17.20
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.49 σ
+0.63 σ
+1.43 σ
 +3.92% 09:30 AM
EWY South Korea 17.18
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+4.65 σ
+5.54 σ
+7.23 σ
 +14.60% 09:30 AM
EIRL Ireland 16.67
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.79 σ
+0.62 σ
+0.20 σ
 +8.47% 09:30 AM
EIS Israel 16.37
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.00 σ
+3.53 σ
+3.52 σ
 +1.20% 09:30 AM
EWP Spain 16.18
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.93 σ
+3.06 σ
+2.93 σ
 +11.32% 09:30 AM
EDEN Denmark 15.99
Fair
Fair
Fair
 16.04 18.01 16.57
-0.02 σ
-0.75 σ
-0.32 σ
 +1.39% 09:30 AM
ARGT Argentina 15.76
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.29 σ
+2.18 σ
+1.91 σ
 +4.28% 09:30 AM
THD Thailand 15.71
Fair
Fair
Fair
 17.03 17.31 15.94
-0.70 σ
-0.83 σ
-0.10 σ
 +9.47% 09:30 AM
EWI Italy 15.36
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.62 σ
+2.52 σ
+2.60 σ
 +10.15% 09:30 AM
TUR Turkey 15.02
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.00 σ
+6.40 σ
+4.30 σ
 -0.31% 09:30 AM
NORW Norway 14.92
Expensive
Overvalued
Overvalued
 10.79 12.67 11.64
+2.15 σ
+1.20 σ
+1.98 σ
 +4.57% 09:30 AM
EPU Perù 14.62
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.21 σ
+1.20 σ
+1.60 σ
 +9.28% 09:30 AM
VNM Vietnam 14.59
Fair
Fair
-
 15.18 16.84 -
-0.28 σ
-0.81 σ
-
 -6.89% 09:30 AM
EPOL Poland 14.35
Expensive
Expensive
Expensive
 10.11 11.06 11.46
+2.09 σ
+2.37 σ
+2.36 σ
 +15.15% 09:30 AM
EWO Austria 14.26
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.48 σ
+2.41 σ
+2.66 σ
 +14.39% 09:30 AM
EWM Malaysia 13.41
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.30 σ
-2.17 σ
-1.72 σ
 +0.21% 09:30 AM
EWW Mexico 12.72
Fair
Fair
Fair
 12.46 13.54 14.27
+0.31 σ
-0.61 σ
-0.90 σ
 +3.70% 09:30 AM
ECH Chile 12.64
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.07 σ
-0.18 σ
-1.04 σ
 -2.19% 09:30 AM
GREK Greece 12.38
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.72 σ
+0.54 σ
+0.68 σ
 +15.66% 09:30 AM
COLO Colombia 12.05
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+3.18 σ
+1.21 σ
-0.09 σ
 +17.77% 09:30 AM
EWZ Brazil 11.77
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.53 σ
+0.87 σ
+1.16 σ
 +3.49% 09:30 AM
QAT Qatar 11.13
Fair
Undervalued
-
 12.55 13.36 -
-0.84 σ
-1.67 σ
-
 -8.14% 09:30 AM
FXI China 9.56
Fair
Undervalued
Fair
 9.96 11.14 10.97
-0.46 σ
-1.16 σ
-0.84 σ
 -2.11% 09:30 AM
EZA South Africa 9.28
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.78 σ
-1.37 σ
-1.53 σ
 -7.34% 09:30 AM
EIDO Indonesia 9.24
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.82 σ
-3.17 σ
-3.64 σ
 -22.93% 09:30 AM
EPHE Philippines 8.56
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.48 σ
-2.21 σ
-2.93 σ
 +1.39% 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).