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 31.25
Overvalued
Fair
Overvalued
 27.18 27.23 21.17
+1.01 σ
+0.99 σ
+1.83 σ
 +4.44% 06 Feb
VTI United States 27.00
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.89 σ
+2.58 σ
+3.66 σ
 +7.30% 06 Feb
EWL Switzerland 24.62
Expensive
Expensive
Expensive
 19.61 18.17 15.81
+2.23 σ
+3.71 σ
+4.07 σ
 +12.04% 06 Feb
INDA India 24.31
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.99 σ
+1.48 σ
+2.25 σ
 -0.77% 06 Feb
EWA Australia 22.42
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.22 σ
+3.47 σ
+4.69 σ
 +6.85% 06 Feb
EWD Sweden 21.84
Expensive
Expensive
Expensive
 16.45 16.09 14.86
+2.31 σ
+3.72 σ
+4.48 σ
 +12.27% 06 Feb
EWT Taiwan 21.45
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.36 σ
+3.69 σ
+4.51 σ
 +15.18% 06 Feb
EWU United Kingdom 20.79
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.79 σ
+4.33 σ
+5.26 σ
 +12.44% 06 Feb
EWC Canada 20.24
Overvalued
Expensive
Expensive
 15.73 15.26 14.40
+1.88 σ
+3.31 σ
+4.90 σ
 +11.90% 06 Feb
EWK Belgium 19.99
Overvalued
Overvalued
Overvalued
 16.15 16.88 14.85
+1.42 σ
+1.60 σ
+1.98 σ
 +15.03% 06 Feb
EWH Hong Kong 19.51
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+3.51 σ
+4.65 σ
+4.31 σ
 +12.76% 06 Feb
EWQ France 19.42
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.52 σ
+2.38 σ
+2.96 σ
 +6.32% 06 Feb
EWN Netherlands 18.55
Fair
Fair
Overvalued
 18.03 16.91 14.31
+0.20 σ
+0.84 σ
+1.80 σ
 +11.24% 06 Feb
EWG Germany 18.50
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.03 σ
+3.32 σ
+4.61 σ
 +4.33% 06 Feb
EWJ Japan 18.21
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.36 σ
+2.85 σ
+2.40 σ
 +13.49% 06 Feb
EIS Israel 17.87
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.12 σ
+5.17 σ
+4.52 σ
 +22.36% 06 Feb
EPU Perù 16.84
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.44 σ
+2.86 σ
+3.14 σ
 +49.35% 06 Feb
EWS Singapore 16.83
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.29 σ
+3.50 σ
+3.66 σ
 +4.21% 06 Feb
EWY South Korea 16.77
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+5.50 σ
+6.23 σ
+7.33 σ
 +52.03% 06 Feb
EWM Malaysia 16.73
Expensive
Expensive
Expensive
 14.33 15.08 14.70
+3.16 σ
+2.18 σ
+2.57 σ
 +15.38% 06 Feb
EZA South Africa 16.66
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.67 σ
+2.34 σ
+2.87 σ
 +22.77% 06 Feb
VNM Vietnam 16.35
Fair
-
-
 15.64 - -
+0.26 σ
-
-
 +8.31% 06 Feb
ARGT Argentina 16.32
Overvalued
Expensive
Expensive
 12.57 12.44 10.66
+1.97 σ
+3.00 σ
+2.28 σ
 +9.00% 06 Feb
NORW Norway 16.30
Expensive
Expensive
Expensive
 10.79 12.62 11.57
+2.85 σ
+2.02 σ
+2.96 σ
 +14.87% 06 Feb
THD Thailand 15.71
Fair
Fair
Fair
 17.57 17.52 15.81
-0.82 σ
-0.90 σ
-0.04 σ
 +13.67% 06 Feb
EWO Austria 15.57
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.71 σ
+3.30 σ
+3.50 σ
 +22.08% 06 Feb
EWW Mexico 15.55
Expensive
Overvalued
Fair
 12.53 13.71 14.27
+3.35 σ
+1.21 σ
+0.74 σ
 +23.15% 06 Feb
ECH Chile 15.42
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.14 σ
+0.82 σ
+0.46 σ
 +29.76% 06 Feb
EDEN Denmark 15.31
Fair
Undervalued
Fair
 16.80 18.18 16.55
-0.48 σ
-1.09 σ
-0.67 σ
 +4.37% 06 Feb
EIRL Ireland 14.77
Fair
Fair
Fair
 15.22 15.60 16.16
-0.22 σ
-0.45 σ
-0.57 σ
 +10.43% 06 Feb
EWP Spain 14.52
Expensive
Expensive
Overvalued
 11.29 11.86 11.55
+2.59 σ
+2.18 σ
+1.97 σ
 +17.07% 06 Feb
TUR Turkey 14.08
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+4.73 σ
+6.42 σ
+3.79 σ
 +20.46% 06 Feb
EWI Italy 13.85
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.83 σ
+1.66 σ
+1.70 σ
 +10.97% 06 Feb
EPOL Poland 13.47
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.60 σ
+1.79 σ
+1.64 σ
 +15.05% 06 Feb
EWZ Brazil 12.60
Expensive
Overvalued
Overvalued
 7.96 10.01 9.97
+3.69 σ
+1.38 σ
+1.81 σ
 +24.53% 06 Feb
QAT Qatar 12.41
Fair
-
-
 13.10 - -
-0.33 σ
-
-
 +3.83% 06 Feb
EIDO Indonesia 11.95
Fair
Undervalued
Undervalued
 12.95 14.19 13.65
-0.75 σ
-1.58 σ
-1.40 σ
 -2.80% 06 Feb
GREK Greece 11.90
Overvalued
Fair
Fair
 9.51 11.34 10.99
+1.21 σ
+0.28 σ
+0.41 σ
 +19.96% 06 Feb
FXI China 10.73
Fair
Fair
Fair
 10.28 11.16 11.03
+0.36 σ
-0.32 σ
-0.18 σ
 +2.11% 06 Feb
COLO Colombia 10.23
Overvalued
Fair
Fair
 7.25 9.49 12.45
+1.90 σ
+0.33 σ
-0.77 σ
 +23.73% 06 Feb
EPHE Philippines 9.38
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.34 σ
-2.19 σ
-2.70 σ
 +2.71% 06 Feb
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).