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
Swipe left to see all data
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 28.17
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.26 σ
+0.21 σ
+1.25 σ
 -8.23% 09:30 AM
VTI United States 25.98
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.39 σ
+2.14 σ
+3.24 σ
 -3.89% 09:30 AM
EWT Taiwan 23.05
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.03 σ
+4.50 σ
+5.37 σ
 +7.82% 09:30 AM
EWL Switzerland 22.90
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.38 σ
+2.62 σ
+3.22 σ
 +0.27% 09:30 AM
EWA Australia 21.76
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.88 σ
+2.98 σ
+4.18 σ
 +1.10% 09:30 AM
EWH Hong Kong 19.90
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.85 σ
+4.98 σ
+4.65 σ
 +3.16% 09:30 AM
EWC Canada 19.52
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.49 σ
+2.71 σ
+4.22 σ
 +5.02% 09:30 AM
EWQ France 19.24
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.38 σ
+2.22 σ
+2.83 σ
 -4.62% 09:30 AM
EWU United Kingdom 19.18
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.08 σ
+3.28 σ
+4.21 σ
 +3.81% 09:30 AM
EWJ Japan 18.83
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.79 σ
+3.21 σ
+2.79 σ
 +0.91% 09:30 AM
EWK Belgium 18.80
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.98 σ
+0.97 σ
+1.50 σ
 -1.03% 09:30 AM
EWY South Korea 18.79
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+7.26 σ
+7.89 σ
+9.34 σ
 +23.83% 09:30 AM
EWN Netherlands 17.81
Fair
Fair
Overvalued
 17.92 16.96 14.35
-0.05 σ
+0.44 σ
+1.45 σ
 -3.06% 09:30 AM
EWG Germany 17.48
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.48 σ
+2.51 σ
+3.76 σ
 -8.01% 09:30 AM
ARGT Argentina 17.27
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.36 σ
+3.62 σ
+2.63 σ
 +4.81% 09:30 AM
EWD Sweden 17.14
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.29 σ
+0.64 σ
+1.43 σ
 -2.33% 09:30 AM
EWS Singapore 16.67
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.06 σ
+3.27 σ
+3.46 σ
 -0.34% 09:30 AM
EPU Perù 16.12
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.07 σ
+2.28 σ
+2.64 σ
 +15.96% 09:30 AM
EZA South Africa 16.02
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+3.12 σ
+1.99 σ
+2.46 σ
 +0.39% 09:30 AM
NORW Norway 15.95
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.67 σ
+1.80 σ
+2.71 σ
 +20.92% 09:30 AM
EIS Israel 15.91
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.06 σ
+3.53 σ
+3.23 σ
 +5.89% 09:30 AM
EWP Spain 15.49
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.38 σ
+2.88 σ
+2.60 σ
 +4.08% 09:30 AM
VNM Vietnam 15.49
Fair
Fair
-
 15.52 16.63 -
-0.01 σ
-0.38 σ
-
 -3.14% 09:30 AM
EDEN Denmark 15.43
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.40 σ
-1.02 σ
-0.61 σ
 -9.26% 09:30 AM
EWM Malaysia 15.38
Overvalued
Fair
Fair
 14.36 15.09 14.71
+1.30 σ
+0.38 σ
+0.85 σ
 +5.89% 09:30 AM
THD Thailand 15.26
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.02 σ
-1.12 σ
-0.24 σ
 +11.13% 09:30 AM
EWO Austria 15.02
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.43 σ
+2.95 σ
+3.16 σ
 +4.53% 09:30 AM
EWW Mexico 14.95
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.69 σ
+0.86 σ
+0.39 σ
 +7.80% 09:30 AM
ECH Chile 14.58
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.80 σ
+0.51 σ
+0.01 σ
 +5.37% 09:30 AM
EIRL Ireland 14.27
Fair
Fair
Fair
 15.09 15.59 16.16
-0.43 σ
-0.70 σ
-0.78 σ
 -4.34% 09:30 AM
TUR Turkey 13.67
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+3.92 σ
+5.96 σ
+3.54 σ
 +5.81% 09:30 AM
EWZ Brazil 13.63
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.47 σ
+1.90 σ
+2.51 σ
 +15.76% 09:30 AM
EWI Italy 13.35
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.55 σ
+1.29 σ
+1.38 σ
 -1.13% 09:30 AM
EPOL Poland 13.29
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.51 σ
+1.64 σ
+1.50 σ
 +2.29% 09:30 AM
EIDO Indonesia 11.99
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.70 σ
-1.53 σ
-1.39 σ
 -13.09% 09:30 AM
INDA India 11.92
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-9.05 σ
-3.60 σ
-2.15 σ
 -14.22% 09:30 AM
COLO Colombia 11.88
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+3.07 σ
+1.09 σ
-0.18 σ
 +11.00% 09:30 AM
QAT Qatar 11.78
Fair
Undervalued
-
 13.01 13.38 -
-0.61 σ
-1.23 σ
-
 -5.99% 09:30 AM
GREK Greece 11.34
Fair
Fair
Fair
 9.47 11.35 10.97
+0.97 σ
-0.00 σ
+0.17 σ
 -6.52% 09:30 AM
FXI China 10.11
Fair
Fair
Fair
 10.21 11.17 11.02
-0.09 σ
-0.79 σ
-0.54 σ
 -9.28% 09:30 AM
EPHE Philippines 9.89
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.10 σ
-1.93 σ
-2.43 σ
 -6.46% 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).