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 30.76
Fair
Fair
Overvalued
 27.18 27.23 21.17
+0.89 σ
+0.87 σ
+1.74 σ
 +5.04% 03:40 PM
VTI United States 27.06
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.91 σ
+2.60 σ
+3.69 σ
 +7.16% 03:59 PM
INDA India 23.92
Fair
Overvalued
Expensive
 23.08 20.66 17.99
+0.67 σ
+1.32 σ
+2.11 σ
 -0.29% 03:59 PM
EWL Switzerland 23.71
Overvalued
Expensive
Expensive
 19.61 18.17 15.81
+1.82 σ
+3.18 σ
+3.65 σ
 +12.05% 03:59 PM
EWA Australia 22.53
Expensive
Expensive
Expensive
 17.14 16.47 14.83
+2.27 σ
+3.53 σ
+4.76 σ
 +10.67% 03:59 PM
EWT Taiwan 22.20
Expensive
Expensive
Expensive
 16.00 14.95 14.02
+2.69 σ
+4.11 σ
+4.97 σ
 +19.86% 03:59 PM
EWC Canada 20.66
Expensive
Expensive
Expensive
 15.73 15.26 14.40
+2.05 σ
+3.59 σ
+5.25 σ
 +14.56% 03:59 PM
EWU United Kingdom 20.56
Expensive
Expensive
Expensive
 13.14 13.35 12.31
+2.70 σ
+4.20 σ
+5.12 σ
 +13.35% 03:59 PM
EWH Hong Kong 20.23
Expensive
Expensive
Expensive
 15.46 15.24 15.22
+4.13 σ
+5.44 σ
+5.04 σ
 +13.04% 03:59 PM
EWK Belgium 20.20
Overvalued
Overvalued
Expensive
 16.15 16.88 14.85
+1.50 σ
+1.71 σ
+2.06 σ
 +17.05% 03:19 PM
EWQ France 19.60
Overvalued
Expensive
Expensive
 16.52 15.37 13.37
+1.61 σ
+2.48 σ
+3.05 σ
 +7.70% 03:59 PM
EWN Netherlands 19.37
Fair
Overvalued
Expensive
 18.03 16.91 14.31
+0.51 σ
+1.26 σ
+2.14 σ
 +12.73% 03:58 PM
EWY South Korea 19.08
Expensive
Expensive
Expensive
 10.45 10.19 9.90
+7.52 σ
+8.43 σ
+9.80 σ
 +57.12% 03:59 PM
EWD Sweden 19.04
Overvalued
Overvalued
Expensive
 16.45 16.09 14.86
+1.11 σ
+1.90 σ
+2.68 σ
 +15.36% 03:55 PM
EWJ Japan 18.55
Expensive
Expensive
Expensive
 14.84 14.24 14.43
+2.59 σ
+3.10 σ
+2.61 σ
 +18.81% 03:59 PM
EWG Germany 18.51
Expensive
Expensive
Expensive
 14.14 13.61 12.45
+2.04 σ
+3.32 σ
+4.62 σ
 +5.39% 03:59 PM
EIS Israel 18.41
Expensive
Expensive
Expensive
 11.88 11.32 10.98
+3.40 σ
+5.60 σ
+4.87 σ
 +24.79% 03:59 PM
VNM Vietnam 17.48
Fair
-
-
 15.64 - -
+0.67 σ
-
-
 +11.79% 03:59 PM
EPU Perù 17.40
Expensive
Expensive
Expensive
 12.09 12.78 12.31
+2.73 σ
+3.26 σ
+3.53 σ
 +51.43% 03:58 PM
EWS Singapore 17.29
Expensive
Expensive
Expensive
 13.65 13.24 13.38
+2.62 σ
+3.95 σ
+4.16 σ
 +5.71% 03:58 PM
EZA South Africa 16.95
Expensive
Expensive
Expensive
 10.62 12.12 11.90
+3.85 σ
+2.49 σ
+3.05 σ
 +24.83% 03:59 PM
ARGT Argentina 16.76
Expensive
Expensive
Expensive
 12.57 12.44 10.66
+2.20 σ
+3.34 σ
+2.46 σ
 +11.68% 03:59 PM
EWM Malaysia 16.36
Expensive
Overvalued
Expensive
 14.33 15.08 14.70
+2.68 σ
+1.70 σ
+2.10 σ
 +16.52% 03:59 PM
EDEN Denmark 16.21
Fair
Fair
Fair
 16.80 18.18 16.55
-0.19 σ
-0.75 σ
-0.18 σ
 +4.05% 03:01 PM
ECH Chile 15.83
Expensive
Fair
Fair
 10.14 13.16 14.57
+2.31 σ
+0.97 σ
+0.69 σ
 +29.70% 03:59 PM
EWO Austria 15.79
Expensive
Expensive
Expensive
 8.35 9.61 9.95
+3.82 σ
+3.42 σ
+3.64 σ
 +24.47% 03:52 PM
THD Thailand 15.58
Fair
Fair
Fair
 17.57 17.52 15.81
-0.88 σ
-0.96 σ
-0.09 σ
 +19.36% 03:59 PM
TUR Turkey 15.49
Expensive
Expensive
Expensive
 5.96 6.42 7.94
+5.56 σ
+7.61 σ
+4.67 σ
 +21.09% 03:59 PM
NORW Norway 14.92
Expensive
Overvalued
Expensive
 10.79 12.62 11.57
+2.14 σ
+1.26 σ
+2.10 σ
 +17.26% 03:37 PM
EIRL Ireland 14.68
Fair
Fair
Fair
 15.22 15.60 16.16
-0.26 σ
-0.50 σ
-0.61 σ
 +9.44% 03:17 PM
EWP Spain 14.63
Expensive
Expensive
Expensive
 11.29 11.86 11.55
+2.68 σ
+2.27 σ
+2.05 σ
 +17.34% 03:59 PM
EWW Mexico 14.05
Overvalued
Fair
Fair
 12.53 13.71 14.27
+1.69 σ
+0.23 σ
-0.13 σ
 +23.84% 03:59 PM
EWI Italy 13.98
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.90 σ
+1.75 σ
+1.78 σ
 +11.90% 03:59 PM
EPOL Poland 13.65
Overvalued
Overvalued
Overvalued
 10.15 11.03 11.45
+1.69 σ
+1.93 σ
+1.80 σ
 +16.00% 03:59 PM
EWZ Brazil 13.12
Expensive
Overvalued
Expensive
 7.96 10.01 9.97
+4.11 σ
+1.66 σ
+2.18 σ
 +29.05% 03:59 PM
EIDO Indonesia 12.83
Fair
Fair
Fair
 12.95 14.19 13.65
-0.09 σ
-0.96 σ
-0.68 σ
 -0.19% 03:59 PM
QAT Qatar 12.76
Fair
-
-
 13.10 - -
-0.17 σ
-
-
 +4.63% 03:57 PM
FXI China 11.22
Fair
Fair
Fair
 10.28 11.16 11.03
+0.74 σ
+0.04 σ
+0.11 σ
 +2.53% 03:59 PM
GREK Greece 10.77
Fair
Fair
Fair
 9.51 11.34 10.99
+0.64 σ
-0.29 σ
-0.10 σ
 +17.40% 03:57 PM
EPHE Philippines 9.80
Undervalued
Cheap
Cheap
 12.79 14.98 15.22
-1.17 σ
-2.03 σ
-2.50 σ
 +4.65% 03:59 PM
COLO Colombia 9.35
Overvalued
Fair
Undervalued
 7.25 9.49 12.45
+1.34 σ
-0.06 σ
-1.08 σ
 +23.88% 03:59 PM
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).