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 29.51
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.60 σ
+0.54 σ
+1.50 σ
 -0.18% 04:00 PM
VTI United States 26.28
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.52 σ
+2.25 σ
+3.35 σ
 +2.47% 04:00 PM
EWL Switzerland 22.91
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.38 σ
+2.62 σ
+3.22 σ
 +6.80% 04:00 PM
INDA India 22.33
Fair
Fair
Overvalued
 23.10 20.73 18.02
-0.62 σ
+0.66 σ
+1.52 σ
 -6.67% 04:00 PM
EWA Australia 21.78
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.89 σ
+2.99 σ
+4.19 σ
 +5.56% 04:00 PM
EWT Taiwan 21.04
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+2.16 σ
+3.38 σ
+4.17 σ
 +10.39% 04:00 PM
EWC Canada 20.58
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.91 σ
+3.39 σ
+5.10 σ
 +11.59% 04:00 PM
EWU United Kingdom 19.95
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.35 σ
+3.71 σ
+4.68 σ
 +8.08% 04:00 PM
EWH Hong Kong 19.70
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.67 σ
+4.76 σ
+4.45 σ
 +7.83% 04:00 PM
EIS Israel 18.80
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+3.54 σ
+5.77 σ
+5.12 σ
 +23.23% 04:00 PM
EWY South Korea 18.53
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+7.03 σ
+7.65 σ
+9.07 σ
 +41.57% 04:00 PM
EWK Belgium 18.51
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.87 σ
+0.82 σ
+1.39 σ
 +5.24% 03:54 PM
EWQ France 18.37
Fair
Overvalued
Expensive
 16.56 15.43 13.40
+0.93 σ
+1.71 σ
+2.40 σ
 +0.00% 04:00 PM
EWD Sweden 18.05
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.68 σ
+1.22 σ
+2.01 σ
 +7.75% 04:00 PM
EWN Netherlands 17.84
Fair
Fair
Overvalued
 17.92 16.96 14.35
-0.03 σ
+0.45 σ
+1.47 σ
 +2.20% 04:00 PM
EWG Germany 17.15
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.33 σ
+2.30 σ
+3.51 σ
 -2.90% 04:00 PM
EWJ Japan 16.73
Overvalued
Overvalued
Overvalued
 14.84 14.29 14.43
+1.32 σ
+1.72 σ
+1.45 σ
 +5.18% 04:00 PM
VNM Vietnam 16.30
Fair
Fair
-
 15.52 16.63 -
+0.31 σ
-0.11 σ
-
 +1.19% 04:00 PM
EWS Singapore 16.27
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.78 σ
+2.88 σ
+3.03 σ
 -1.57% 04:00 PM
EPU Perù 16.01
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.01 σ
+2.20 σ
+2.56 σ
 +31.53% 04:00 PM
EZA South Africa 15.62
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+2.88 σ
+1.78 σ
+2.22 σ
 +11.21% 04:00 PM
EWM Malaysia 15.55
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.52 σ
+0.61 σ
+1.06 σ
 +9.09% 04:00 PM
NORW Norway 15.37
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.38 σ
+1.48 σ
+2.35 σ
 +18.26% 04:00 PM
ARGT Argentina 15.17
Overvalued
Expensive
Overvalued
 12.65 12.50 10.68
+1.29 σ
+2.03 σ
+1.79 σ
 +0.87% 04:00 PM
THD Thailand 14.77
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.24 σ
-1.36 σ
-0.44 σ
 +10.71% 04:00 PM
EDEN Denmark 14.57
Fair
Undervalued
Undervalued
 16.62 18.14 16.55
-0.69 σ
-1.35 σ
-1.08 σ
 -6.59% 03:59 PM
EWO Austria 14.24
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.03 σ
+2.52 σ
+2.67 σ
 +9.42% 04:00 PM
TUR Turkey 13.99
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.09 σ
+6.22 σ
+3.74 σ
 +7.01% 04:00 PM
EIRL Ireland 13.77
Fair
Fair
Fair
 15.09 15.59 16.16
-0.69 σ
-0.97 σ
-0.99 σ
 +1.42% 03:59 PM
EWP Spain 13.68
Overvalued
Overvalued
Overvalued
 11.29 11.89 11.56
+1.92 σ
+1.43 σ
+1.40 σ
 +7.11% 04:00 PM
ECH Chile 13.57
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.39 σ
+0.14 σ
-0.55 σ
 +8.53% 04:00 PM
EWI Italy 13.00
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.34 σ
+1.05 σ
+1.15 σ
 +2.32% 04:00 PM
EWW Mexico 12.83
Fair
Fair
Fair
 12.52 13.67 14.27
+0.34 σ
-0.57 σ
-0.83 σ
 +10.22% 04:00 PM
EPOL Poland 12.58
Overvalued
Overvalued
Fair
 10.15 11.04 11.45
+1.17 σ
+1.12 σ
+0.92 σ
 +5.08% 04:00 PM
EWZ Brazil 12.16
Expensive
Overvalued
Overvalued
 7.97 10.03 9.99
+3.31 σ
+1.13 σ
+1.49 σ
 +16.26% 04:00 PM
QAT Qatar 11.89
Fair
Undervalued
-
 13.01 13.38 -
-0.56 σ
-1.15 σ
-
 -2.92% 04:00 PM
EIDO Indonesia 11.49
Undervalued
Undervalued
Undervalued
 12.89 14.17 13.66
-1.08 σ
-1.87 σ
-1.79 σ
 -10.53% 04:00 PM
FXI China 10.18
Fair
Fair
Fair
 10.21 11.17 11.02
-0.03 σ
-0.73 σ
-0.50 σ
 -7.44% 04:00 PM
GREK Greece 9.48
Fair
Fair
Fair
 9.47 11.35 10.97
+0.01 σ
-0.95 σ
-0.68 σ
 +0.95% 04:00 PM
EPHE Philippines 9.10
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.42 σ
-2.23 σ
-2.79 σ
 -2.67% 04:00 PM
COLO Colombia 8.27
Fair
Fair
Undervalued
 7.21 9.46 12.41
+0.69 σ
-0.54 σ
-1.44 σ
 +6.62% 04:00 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).