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 28.46
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.49 σ
+6.99 σ
+8.00 σ
 +25.22% 09:30 AM
ENZL New Zealand 27.12
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.06 σ
-0.09 σ
+1.02 σ
 +2.99% 09:30 AM
VTI United States 26.10
Overvalued
Overvalued
Expensive
 22.92 20.34 16.90
+1.20 σ
+1.94 σ
+3.04 σ
 +6.56% 09:30 AM
EWL Switzerland 24.34
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.72 σ
+2.99 σ
+3.61 σ
 +4.02% 09:30 AM
INDA India 22.34
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.62 σ
+0.60 σ
+1.47 σ
 -3.82% 09:30 AM
EWA Australia 21.35
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.49 σ
+2.44 σ
+3.60 σ
 +4.03% 09:30 AM
EWC Canada 21.21
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.88 σ
+3.30 σ
+5.26 σ
 +7.69% 09:30 AM
EWN Netherlands 20.53
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.78 σ
+1.76 σ
+2.48 σ
 +6.95% 09:30 AM
EWQ France 18.69
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.06 σ
+1.75 σ
+2.41 σ
 +1.00% 09:30 AM
EWJ Japan 18.44
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.36 σ
+2.65 σ
+2.53 σ
 +5.57% 09:30 AM
EWU United Kingdom 17.90
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.35 σ
+2.31 σ
+3.24 σ
 +4.91% 09:30 AM
EWH Hong Kong 17.78
Overvalued
Expensive
Expensive
 15.47 15.41 15.26
+1.99 σ
+2.39 σ
+2.42 σ
 +1.59% 09:30 AM
EWS Singapore 17.76
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.42 σ
+3.91 σ
+4.42 σ
 +11.58% 09:30 AM
EWG Germany 17.71
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.38 σ
+2.29 σ
+3.64 σ
 +0.23% 09:30 AM
EWY South Korea 17.62
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+4.96 σ
+5.90 σ
+7.67 σ
 +19.48% 09:30 AM
EWK Belgium 17.46
Fair
Fair
Fair
 16.07 16.87 15.03
+0.53 σ
+0.31 σ
+0.93 σ
 +5.48% 09:30 AM
EWD Sweden 16.76
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.28 σ
+0.35 σ
+1.16 σ
 +1.99% 09:30 AM
EIRL Ireland 16.72
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.83 σ
+0.64 σ
+0.22 σ
 +9.76% 09:30 AM
EIS Israel 16.35
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+2.00 σ
+3.52 σ
+3.51 σ
 +1.91% 09:30 AM
EWP Spain 15.98
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.77 σ
+2.91 σ
+2.80 σ
 +10.99% 09:30 AM
EDEN Denmark 15.79
Fair
Fair
Fair
 16.04 18.01 16.57
-0.11 σ
-0.83 σ
-0.43 σ
 +0.69% 09:30 AM
ARGT Argentina 15.49
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.17 σ
+1.99 σ
+1.81 σ
 +3.54% 09:30 AM
THD Thailand 15.46
Fair
Fair
Fair
 17.03 17.31 15.94
-0.83 σ
-0.96 σ
-0.21 σ
 +8.70% 09:30 AM
TUR Turkey 15.27
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.09 σ
+6.58 σ
+4.45 σ
 +2.11% 09:30 AM
EWI Italy 15.16
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.50 σ
+2.39 σ
+2.48 σ
 +9.69% 09:30 AM
EPU Perù 14.50
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.15 σ
+1.11 σ
+1.51 σ
 +9.58% 09:30 AM
NORW Norway 14.41
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.89 σ
+0.93 σ
+1.68 σ
 +1.83% 09:30 AM
VNM Vietnam 14.03
Fair
Undervalued
-
 15.18 16.84 -
-0.54 σ
-1.01 σ
-
 -10.25% 09:30 AM
EWO Austria 13.89
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.32 σ
+2.21 σ
+2.44 σ
 +12.72% 09:30 AM
EPOL Poland 13.76
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.80 σ
+1.94 σ
+1.88 σ
 +11.64% 09:30 AM
EWM Malaysia 13.31
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.43 σ
-2.30 σ
-1.85 σ
 +0.10% 09:30 AM
EWW Mexico 12.67
Fair
Fair
Fair
 12.46 13.54 14.27
+0.25 σ
-0.65 σ
-0.93 σ
 +4.18% 09:30 AM
ECH Chile 12.59
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.05 σ
-0.20 σ
-1.07 σ
 -1.78% 09:30 AM
GREK Greece 11.96
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.48 σ
+0.32 σ
+0.48 σ
 +12.76% 09:30 AM
COLO Colombia 11.59
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.88 σ
+1.00 σ
-0.26 σ
 +14.68% 09:30 AM
EWZ Brazil 11.51
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.35 σ
+0.74 σ
+0.98 σ
 +2.14% 09:30 AM
QAT Qatar 11.27
Fair
Undervalued
-
 12.55 13.36 -
-0.76 σ
-1.57 σ
-
 -6.74% 09:30 AM
FXI China 9.24
Fair
Undervalued
Undervalued
 9.96 11.14 10.97
-0.82 σ
-1.40 σ
-1.03 σ
 -5.15% 09:30 AM
EIDO Indonesia 9.07
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.96 σ
-3.28 σ
-3.78 σ
 -24.56% 09:30 AM
EZA South Africa 9.06
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.91 σ
-1.48 σ
-1.66 σ
 -9.21% 09:30 AM
EPHE Philippines 8.52
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.50 σ
-2.23 σ
-2.95 σ
 +1.37% 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).