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 28.44
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.35 σ
+0.27 σ
+1.29 σ
 -7.23% 02 Apr
VTI United States 26.83
Overvalued
Expensive
Expensive
 22.65 20.07 16.76
+1.66 σ
+2.38 σ
+3.48 σ
 -0.85% 02 Apr
EWT Taiwan 23.51
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.10 σ
+4.66 σ
+5.54 σ
 +9.60% 02 Apr
EWL Switzerland 23.41
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.52 σ
+2.80 σ
+3.38 σ
 +2.41% 02 Apr
EWA Australia 22.40
Expensive
Expensive
Expensive
 17.27 16.59 14.88
+2.06 σ
+3.24 σ
+4.47 σ
 +3.97% 02 Apr
EWH Hong Kong 20.52
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+4.38 σ
+5.54 σ
+5.21 σ
 +6.12% 02 Apr
EWC Canada 20.05
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.62 σ
+2.91 σ
+4.58 σ
 +7.56% 02 Apr
EWQ France 19.99
Overvalued
Expensive
Expensive
 16.58 15.49 13.42
+1.73 σ
+2.60 σ
+3.14 σ
 -0.93% 02 Apr
EWU United Kingdom 19.86
Expensive
Expensive
Expensive
 13.35 13.40 12.34
+2.19 σ
+3.59 σ
+4.57 σ
 +7.30% 02 Apr
EWK Belgium 19.75
Overvalued
Overvalued
Overvalued
 16.14 16.89 14.92
+1.34 σ
+1.46 σ
+1.84 σ
 +3.80% 02 Apr
EWY South Korea 19.66
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+7.94 σ
+8.42 σ
+10.11 σ
 +28.46% 02 Apr
EWJ Japan 19.55
Expensive
Expensive
Expensive
 14.84 14.34 14.43
+3.30 σ
+3.63 σ
+3.24 σ
 +4.54% 02 Apr
EWN Netherlands 18.63
Fair
Fair
Overvalued
 17.80 17.00 14.37
+0.37 σ
+0.84 σ
+1.77 σ
 +1.33% 02 Apr
EWG Germany 18.11
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.70 σ
+2.81 σ
+4.16 σ
 -4.61% 02 Apr
ARGT Argentina 18.08
Expensive
Expensive
Expensive
 12.77 12.57 10.71
+2.60 σ
+4.08 σ
+2.90 σ
 +9.60% 02 Apr
EWD Sweden 18.00
Fair
Overvalued
Overvalued
 16.40 16.18 14.89
+0.70 σ
+1.17 σ
+1.95 σ
 +2.49% 02 Apr
EPU Perù 17.23
Expensive
Expensive
Expensive
 12.12 12.86 12.31
+2.54 σ
+2.95 σ
+3.41 σ
 +22.97% 02 Apr
EWS Singapore 17.00
Expensive
Expensive
Expensive
 13.74 13.32 13.39
+2.18 σ
+3.51 σ
+3.77 σ
 +1.49% 02 Apr
EIS Israel 16.89
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.52 σ
+4.20 σ
+3.87 σ
 +11.92% 02 Apr
EZA South Africa 16.82
Expensive
Expensive
Expensive
 10.75 12.13 11.93
+3.39 σ
+2.39 σ
+2.90 σ
 +5.04% 02 Apr
NORW Norway 16.23
Expensive
Overvalued
Expensive
 10.79 12.65 11.60
+2.82 σ
+1.94 σ
+2.85 σ
 +22.61% 02 Apr
EWP Spain 16.19
Expensive
Expensive
Expensive
 11.29 11.92 11.57
+3.94 σ
+3.33 σ
+3.03 σ
 +8.41% 02 Apr
EDEN Denmark 16.08
Fair
Fair
Fair
 16.46 18.10 16.56
-0.14 σ
-0.76 σ
-0.26 σ
 -5.28% 02 Apr
VNM Vietnam 15.95
Fair
Fair
-
 15.43 16.68 -
+0.22 σ
-0.25 σ
-
 -0.61% 02 Apr
EWO Austria 15.63
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.61 σ
+3.25 σ
+3.54 σ
 +8.44% 02 Apr
THD Thailand 15.58
Fair
Fair
Fair
 17.35 17.45 15.87
-0.84 σ
-0.94 σ
-0.12 σ
 +13.03% 02 Apr
EWW Mexico 15.56
Expensive
Overvalued
Fair
 12.52 13.66 14.28
+3.36 σ
+1.31 σ
+0.74 σ
 +11.80% 02 Apr
EWM Malaysia 15.55
Overvalued
Fair
Overvalued
 14.40 15.09 14.72
+1.44 σ
+0.60 σ
+1.05 σ
 +6.79% 02 Apr
ECH Chile 15.18
Expensive
Fair
Fair
 10.14 13.17 14.56
+2.04 σ
+0.72 σ
+0.34 σ
 +9.34% 02 Apr
EIRL Ireland 14.78
Fair
Fair
Fair
 14.97 15.57 16.17
-0.11 σ
-0.42 σ
-0.57 σ
 -0.97% 02 Apr
TUR Turkey 14.22
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+3.75 σ
+6.28 σ
+3.88 σ
 +9.74% 02 Apr
EWZ Brazil 14.14
Expensive
Expensive
Expensive
 7.99 10.04 10.02
+4.71 σ
+2.15 σ
+2.84 σ
 +19.56% 02 Apr
EWI Italy 14.07
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.95 σ
+1.74 σ
+1.83 σ
 +4.00% 02 Apr
EPOL Poland 14.03
Overvalued
Expensive
Expensive
 10.16 11.05 11.46
+1.86 σ
+2.16 σ
+2.09 σ
 +7.68% 02 Apr
INDA India 12.22
Cheap
Cheap
Cheap
 23.07 20.73 18.00
-8.45 σ
-3.48 σ
-2.02 σ
 -11.83% 02 Apr
COLO Colombia 12.21
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+3.28 σ
+1.23 σ
-0.06 σ
 +13.52% 02 Apr
GREK Greece 12.14
Overvalued
Fair
Fair
 9.45 11.36 10.96
+1.40 σ
+0.40 σ
+0.54 σ
 -0.12% 02 Apr
QAT Qatar 12.03
Fair
Undervalued
-
 12.91 13.39 -
-0.45 σ
-1.05 σ
-
 -4.02% 02 Apr
EIDO Indonesia 11.99
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.67 σ
-1.49 σ
-1.39 σ
 -12.83% 02 Apr
FXI China 10.25
Fair
Fair
Fair
 10.16 11.17 11.02
+0.08 σ
-0.69 σ
-0.46 σ
 -8.04% 02 Apr
EPHE Philippines 10.12
Fair
Undervalued
Cheap
 12.51 14.84 15.19
-0.97 σ
-1.79 σ
-2.30 σ
 -4.10% 02 Apr
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).