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)
EWT Taiwan 28.27
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+3.68 σ
+6.28 σ
+7.44 σ
 +31.09% 02 Oct
ENZL New Zealand 24.72
Fair
Fair
Fair
 26.77 27.54 21.73
-0.53 σ
-0.71 σ
+0.55 σ
 -1.56% 02 Oct
VTI United States 24.07
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.35 σ
+1.16 σ
+2.23 σ
 +6.36% 02 Oct
EWL Switzerland 23.13
Overvalued
Expensive
Expensive
 20.31 18.70 16.10
+1.08 σ
+2.11 σ
+2.91 σ
 -3.88% 02 Oct
INDA India 21.12
Undervalued
Fair
Overvalued
 23.05 21.03 18.19
-1.50 σ
+0.04 σ
+1.00 σ
 -6.69% 02 Oct
EWA Australia 19.73
Fair
Overvalued
Expensive
 17.72 16.86 15.06
+0.74 σ
+1.44 σ
+2.51 σ
 -1.10% 02 Oct
EWJ Japan 19.23
Expensive
Expensive
Expensive
 15.04 14.64 14.45
+2.49 σ
+2.95 σ
+2.97 σ
 +9.44% 02 Oct
EWN Netherlands 18.63
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.79 σ
+0.69 σ
+1.62 σ
 +5.54% 02 Oct
EWC Canada 18.45
Fair
Overvalued
Expensive
 16.44 15.52 14.54
+0.71 σ
+1.56 σ
+2.88 σ
 +1.73% 02 Oct
EWS Singapore 18.32
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.41 σ
+4.00 σ
+4.77 σ
 +9.96% 02 Oct
EIS Israel 17.36
Expensive
Expensive
Expensive
 12.29 11.63 11.00
+2.08 σ
+3.89 σ
+4.06 σ
 -0.03% 02 Oct
EWG Germany 17.31
Overvalued
Overvalued
Expensive
 14.59 14.05 12.60
+1.07 σ
+1.84 σ
+3.16 σ
 -2.55% 02 Oct
EWQ France 16.52
Fair
Fair
Overvalued
 16.66 15.73 13.60
-0.07 σ
+0.44 σ
+1.33 σ
 -6.92% 02 Oct
EWU United Kingdom 16.23
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.71 σ
+1.39 σ
+2.15 σ
 -1.06% 02 Oct
EDEN Denmark 15.43
Fair
Fair
Fair
 15.79 17.93 16.60
-0.18 σ
-0.93 σ
-0.65 σ
 -3.27% 02 Oct
EWP Spain 15.13
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+2.79 σ
+2.09 σ
+2.17 σ
 +1.25% 02 Oct
EIRL Ireland 14.98
Fair
Fair
Fair
 14.51 15.52 16.24
+0.55 σ
-0.29 σ
-0.54 σ
 +5.34% 02 Oct
THD Thailand 14.16
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.42 σ
-1.59 σ
-0.80 σ
 +2.82% 02 Oct
EWI Italy 14.15
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.77 σ
+1.62 σ
+1.80 σ
 -1.03% 02 Oct
EWD Sweden 14.12
Fair
Undervalued
Fair
 15.96 16.22 14.98
-0.90 σ
-1.34 σ
-0.55 σ
 -2.60% 02 Oct
EWK Belgium 14.07
Fair
Undervalued
Fair
 15.88 16.76 15.10
-0.72 σ
-1.41 σ
-0.40 σ
 -2.98% 02 Oct
ARGT Argentina 13.57
Fair
Fair
Overvalued
 13.20 12.87 10.85
+0.17 σ
+0.49 σ
+1.06 σ
 -8.69% 02 Oct
VNM Vietnam 13.13
Fair
Undervalued
-
 14.89 16.92 -
-0.92 σ
-1.42 σ
-
 -7.88% 02 Oct
EPOL Poland 12.85
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.31 σ
+1.21 σ
+1.09 σ
 +8.89% 02 Oct
NORW Norway 12.72
Overvalued
Fair
Fair
 10.76 12.67 11.69
+1.04 σ
+0.03 σ
+0.62 σ
 +0.20% 02 Oct
EWO Austria 12.57
Overvalued
Overvalued
Overvalued
 8.74 9.80 9.97
+1.48 σ
+1.40 σ
+1.59 σ
 +5.10% 02 Oct
EWH Hong Kong 12.56
Cheap
Cheap
Cheap
 15.44 15.44 15.27
-2.31 σ
-2.74 σ
-2.53 σ
 -5.17% 02 Oct
TUR Turkey 12.07
Overvalued
Expensive
Expensive
 7.26 6.60 7.99
+1.52 σ
+3.44 σ
+2.44 σ
 -12.81% 02 Oct
EWW Mexico 11.76
Fair
Undervalued
Undervalued
 12.35 13.41 14.25
-0.80 σ
-1.31 σ
-1.43 σ
 -6.20% 02 Oct
GREK Greece 11.21
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.08 σ
-0.05 σ
+0.14 σ
 +11.17% 02 Oct
ECH Chile 11.06
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.45 σ
-0.72 σ
-1.87 σ
 -9.72% 02 Oct
EWY South Korea 10.58
Fair
Fair
Fair
 10.84 10.40 9.98
-0.14 σ
+0.14 σ
+0.58 σ
 +22.81% 02 Oct
EWZ Brazil 10.57
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.38 σ
+0.27 σ
+0.30 σ
 +4.99% 02 Oct
QAT Qatar 10.56
Undervalued
Undervalued
-
 12.20 13.29 -
-1.18 σ
-1.98 σ
-
 -11.93% 02 Oct
COLO Colombia 10.05
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.68 σ
+0.29 σ
-0.79 σ
 +11.66% 02 Oct
EIDO Indonesia 8.83
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-3.13 σ
-3.27 σ
-3.96 σ
 -20.91% 02 Oct
EPU Perù 8.82
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.71 σ
-2.65 σ
-2.55 σ
 +5.56% 02 Oct
FXI China 8.67
Undervalued
Undervalued
Undervalued
 9.82 11.08 10.94
-1.50 σ
-1.73 σ
-1.34 σ
 -8.41% 02 Oct
EZA South Africa 8.21
Undervalued
Undervalued
Cheap
 10.68 11.80 11.88
-1.35 σ
-1.84 σ
-2.12 σ
 -8.61% 02 Oct
EWM Malaysia 7.62
Cheap
Cheap
Cheap
 14.44 15.01 14.74
-8.30 σ
-9.07 σ
-9.29 σ
 -4.79% 02 Oct
EPHE Philippines 7.42
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.98 σ
-2.48 σ
-3.34 σ
 -9.97% 02 Oct
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).