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 26.65
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+3.16 σ
+5.48 σ
+6.57 σ
 +16.97% 09:30 AM
ENZL New Zealand 25.82
Fair
Fair
Fair
 26.77 27.54 21.73
-0.25 σ
-0.43 σ
+0.75 σ
 -1.32% 09:30 AM
EWL Switzerland 25.62
Expensive
Expensive
Expensive
 20.31 18.70 16.10
+2.03 σ
+3.30 σ
+3.95 σ
 +2.22% 09:30 AM
VTI United States 24.00
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.33 σ
+1.13 σ
+2.20 σ
 +5.30% 09:30 AM
INDA India 22.40
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.51 σ
+0.58 σ
+1.44 σ
 -3.37% 09:30 AM
EWA Australia 20.97
Overvalued
Expensive
Expensive
 17.72 16.86 15.06
+1.20 σ
+2.07 σ
+3.18 σ
 +1.27% 09:30 AM
EWC Canada 19.76
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.18 σ
+2.26 σ
+3.85 σ
 +4.80% 09:30 AM
EWS Singapore 18.62
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.58 σ
+4.25 σ
+5.06 σ
 +3.55% 09:30 AM
EWN Netherlands 18.51
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.72 σ
+0.63 σ
+1.57 σ
 +0.21% 09:30 AM
EWG Germany 17.97
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.32 σ
+2.21 σ
+3.61 σ
 -2.07% 09:30 AM
EWQ France 17.28
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.31 σ
+0.87 σ
+1.68 σ
 -7.24% 09:30 AM
EIS Israel 17.16
Overvalued
Expensive
Expensive
 12.29 11.63 11.00
+2.00 σ
+3.76 σ
+3.94 σ
 -1.56% 09:30 AM
EWU United Kingdom 17.04
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.96 σ
+1.80 σ
+2.61 σ
 +1.90% 09:30 AM
EDEN Denmark 16.45
Fair
Fair
Fair
 15.79 17.93 16.60
+0.33 σ
-0.55 σ
-0.08 σ
 -0.99% 09:30 AM
EWP Spain 15.99
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.42 σ
+2.68 σ
+2.71 σ
 +0.38% 09:30 AM
EIRL Ireland 15.88
Overvalued
Fair
Fair
 14.51 15.52 16.24
+1.61 σ
+0.20 σ
-0.15 σ
 +3.07% 09:30 AM
EWJ Japan 14.97
Fair
Fair
Fair
 15.04 14.64 14.45
-0.04 σ
+0.21 σ
+0.33 σ
 +4.45% 09:30 AM
EWD Sweden 14.92
Fair
Fair
Fair
 15.96 16.22 14.98
-0.51 σ
-0.83 σ
-0.03 σ
 -0.78% 09:30 AM
EWK Belgium 14.81
Fair
Undervalued
Fair
 15.88 16.76 15.10
-0.42 σ
-1.03 σ
-0.11 σ
 -1.26% 09:30 AM
THD Thailand 14.50
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.23 σ
-1.41 σ
-0.65 σ
 +0.67% 09:30 AM
EWI Italy 14.41
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.90 σ
+1.79 σ
+1.96 σ
 -3.63% 09:30 AM
EWO Austria 13.81
Overvalued
Expensive
Expensive
 8.74 9.80 9.97
+1.96 σ
+2.02 σ
+2.36 σ
 +0.06% 09:30 AM
ARGT Argentina 13.76
Fair
Fair
Overvalued
 13.20 12.87 10.85
+0.26 σ
+0.63 σ
+1.13 σ
 -5.60% 09:30 AM
VNM Vietnam 13.56
Fair
Undervalued
-
 14.89 16.92 -
-0.70 σ
-1.25 σ
-
 -8.03% 09:30 AM
NORW Norway 13.53
Overvalued
Fair
Overvalued
 10.76 12.67 11.69
+1.47 σ
+0.46 σ
+1.11 σ
 +2.46% 09:30 AM
EPOL Poland 13.45
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.60 σ
+1.64 σ
+1.58 σ
 +10.35% 09:30 AM
EWH Hong Kong 13.18
Undervalued
Cheap
Undervalued
 15.44 15.44 15.27
-1.81 σ
-2.15 σ
-1.96 σ
 -2.87% 09:30 AM
EWW Mexico 12.84
Fair
Fair
Fair
 12.35 13.41 14.25
+0.67 σ
-0.45 σ
-0.81 σ
 -0.72% 09:30 AM
EWM Malaysia 12.80
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.99 σ
-2.71 σ
-2.53 σ
 -6.38% 09:30 AM
GREK Greece 12.51
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.82 σ
+0.61 σ
+0.75 σ
 +8.17% 09:30 AM
ECH Chile 12.22
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.94 σ
-0.30 σ
-1.23 σ
 -8.97% 09:30 AM
TUR Turkey 11.23
Overvalued
Expensive
Overvalued
 7.26 6.60 7.99
+1.25 σ
+2.92 σ
+1.94 σ
 -16.94% 09:30 AM
EZA South Africa 10.88
Fair
Fair
Fair
 10.68 11.80 11.88
+0.11 σ
-0.47 σ
-0.58 σ
 -5.18% 09:30 AM
EWZ Brazil 10.82
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.53 σ
+0.40 σ
+0.47 σ
 +15.92% 09:30 AM
COLO Colombia 10.17
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.75 σ
+0.34 σ
-0.75 σ
 +12.94% 09:30 AM
QAT Qatar 10.08
Undervalued
Cheap
-
 12.20 13.29 -
-1.52 σ
-2.32 σ
-
 -16.26% 09:30 AM
FXI China 9.26
Fair
Undervalued
Fair
 9.82 11.08 10.94
-0.73 σ
-1.30 σ
-0.99 σ
 -6.76% 09:30 AM
EPU Perù 9.07
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.59 σ
-2.49 σ
-2.37 σ
 +4.34% 09:30 AM
EWY South Korea 8.49
Undervalued
Undervalued
Undervalued
 10.84 10.40 9.98
-1.24 σ
-1.44 σ
-1.45 σ
 -4.18% 09:30 AM
EPHE Philippines 7.84
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.78 σ
-2.34 σ
-3.16 σ
 -7.73% 09:30 AM
EIDO Indonesia 7.77
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-4.08 σ
-3.96 σ
-4.83 σ
 -28.19% 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).