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 28.53
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.52 σ
+7.02 σ
+8.03 σ
 +24.97% 24 Jul
ENZL New Zealand 27.17
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.07 σ
-0.08 σ
+1.03 σ
 +2.66% 24 Jul
VTI United States 26.07
Overvalued
Overvalued
Expensive
 22.92 20.34 16.90
+1.19 σ
+1.93 σ
+3.03 σ
 +5.92% 24 Jul
EWL Switzerland 24.20
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.67 σ
+2.92 σ
+3.55 σ
 +2.94% 24 Jul
INDA India 21.95
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.93 σ
+0.44 σ
+1.33 σ
 -5.99% 24 Jul
EWA Australia 21.22
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.45 σ
+2.37 σ
+3.53 σ
 +2.93% 24 Jul
EWC Canada 21.09
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.84 σ
+3.23 σ
+5.18 σ
 +6.62% 24 Jul
EWN Netherlands 20.73
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.89 σ
+1.86 σ
+2.56 σ
 +7.46% 24 Jul
EWQ France 18.55
Fair
Overvalued
Expensive
 16.60 15.60 13.51
+0.99 σ
+1.67 σ
+2.34 σ
 -0.27% 24 Jul
EWJ Japan 18.38
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.32 σ
+2.62 σ
+2.49 σ
 +4.75% 24 Jul
EWU United Kingdom 17.85
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.33 σ
+2.28 σ
+3.21 σ
 +4.11% 24 Jul
EWY South Korea 17.82
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.10 σ
+6.06 σ
+7.86 σ
 +20.42% 24 Jul
EWS Singapore 17.64
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.34 σ
+3.79 σ
+4.29 σ
 +10.21% 24 Jul
EWH Hong Kong 17.59
Overvalued
Expensive
Expensive
 15.47 15.41 15.26
+1.83 σ
+2.20 σ
+2.24 σ
 +0.05% 24 Jul
EWK Belgium 17.57
Fair
Fair
Fair
 16.07 16.87 15.03
+0.57 σ
+0.36 σ
+0.97 σ
 +5.61% 24 Jul
EWG Germany 17.43
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.26 σ
+2.13 σ
+3.45 σ
 -1.82% 24 Jul
EWD Sweden 16.55
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.18 σ
+0.21 σ
+1.02 σ
 +0.20% 24 Jul
EIRL Ireland 16.52
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.65 σ
+0.53 σ
+0.14 σ
 +7.90% 24 Jul
EIS Israel 16.35
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+2.00 σ
+3.52 σ
+3.51 σ
 +1.47% 24 Jul
EDEN Denmark 15.81
Fair
Fair
Fair
 16.04 18.01 16.57
-0.10 σ
-0.82 σ
-0.42 σ
 +0.30% 24 Jul
EWP Spain 15.72
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.56 σ
+2.72 σ
+2.63 σ
 +8.72% 24 Jul
THD Thailand 15.67
Fair
Fair
Fair
 17.03 17.31 15.94
-0.72 σ
-0.85 σ
-0.12 σ
 +9.68% 24 Jul
TUR Turkey 15.44
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.15 σ
+6.71 σ
+4.56 σ
 +2.80% 24 Jul
ARGT Argentina 15.41
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.13 σ
+1.93 σ
+1.77 σ
 +2.60% 24 Jul
EWI Italy 14.99
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.41 σ
+2.28 σ
+2.37 σ
 +7.99% 24 Jul
NORW Norway 14.64
Expensive
Overvalued
Overvalued
 10.79 12.67 11.64
+2.01 σ
+1.05 σ
+1.81 σ
 +2.99% 24 Jul
EPU Perù 14.51
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.16 σ
+1.12 σ
+1.52 σ
 +9.24% 24 Jul
VNM Vietnam 14.13
Fair
Fair
-
 15.18 16.84 -
-0.50 σ
-0.97 σ
-
 -10.08% 24 Jul
EWO Austria 14.03
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.38 σ
+2.29 σ
+2.52 σ
 +13.38% 24 Jul
EPOL Poland 13.71
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.78 σ
+1.91 σ
+1.84 σ
 +10.75% 24 Jul
EWM Malaysia 13.19
Undervalued
Cheap
Cheap
 14.45 15.08 14.74
-1.58 σ
-2.46 σ
-2.00 σ
 -1.23% 24 Jul
EWW Mexico 12.49
Fair
Fair
Undervalued
 12.46 13.54 14.27
+0.04 σ
-0.78 σ
-1.03 σ
 +2.25% 24 Jul
ECH Chile 12.39
Fair
Fair
Undervalued
 10.09 13.14 14.53
+0.97 σ
-0.27 σ
-1.18 σ
 -3.67% 24 Jul
GREK Greece 11.84
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.41 σ
+0.26 σ
+0.43 σ
 +11.13% 24 Jul
COLO Colombia 11.53
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.84 σ
+0.97 σ
-0.28 σ
 +13.56% 24 Jul
EWZ Brazil 11.47
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.32 σ
+0.72 σ
+0.95 σ
 +1.36% 24 Jul
QAT Qatar 11.22
Fair
Undervalued
-
 12.55 13.36 -
-0.78 σ
-1.60 σ
-
 -7.57% 24 Jul
EIDO Indonesia 9.16
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.89 σ
-3.22 σ
-3.71 σ
 -24.23% 24 Jul
FXI China 9.06
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.03 σ
-1.53 σ
-1.14 σ
 -7.50% 24 Jul
EZA South Africa 8.92
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.98 σ
-1.55 σ
-1.74 σ
 -11.03% 24 Jul
EPHE Philippines 8.46
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.53 σ
-2.25 σ
-2.97 σ
 +0.15% 24 Jul
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).