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)
VTI United States 27.77
Expensive
Expensive
Expensive
 22.65 20.07 16.76
+2.03 σ
+2.70 σ
+3.80 σ
 +2.33% 10 Apr
ENZL New Zealand 27.61
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.14 σ
+0.06 σ
+1.14 σ
 -2.64% 10 Apr
EWL Switzerland 22.27
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.04 σ
+2.17 σ
+2.87 σ
 +5.15% 10 Apr
INDA India 21.32
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.36 σ
+0.24 σ
+1.16 σ
 -6.50% 10 Apr
EWT Taiwan 20.99
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+2.06 σ
+3.27 σ
+4.06 σ
 +18.29% 10 Apr
EWA Australia 20.52
Overvalued
Expensive
Expensive
 17.27 16.59 14.88
+1.31 σ
+2.19 σ
+3.35 σ
 +10.06% 10 Apr
EWC Canada 18.94
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.19 σ
+2.23 σ
+3.68 σ
 +9.78% 10 Apr
EWK Belgium 18.12
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.74 σ
+0.63 σ
+1.22 σ
 +8.43% 10 Apr
EWH Hong Kong 18.06
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+2.25 σ
+2.92 σ
+2.78 σ
 +8.90% 10 Apr
EWU United Kingdom 17.87
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.52 σ
+2.49 σ
+3.36 σ
 +10.13% 10 Apr
EWQ France 17.73
Fair
Overvalued
Expensive
 16.58 15.49 13.42
+0.58 σ
+1.29 σ
+2.06 σ
 +3.62% 10 Apr
EWN Netherlands 17.54
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.11 σ
+0.28 σ
+1.32 σ
 +8.51% 10 Apr
NORW Norway 17.40
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.43 σ
+2.57 σ
+3.57 σ
 +23.23% 10 Apr
EIS Israel 17.26
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.70 σ
+4.48 σ
+4.11 σ
 +18.33% 10 Apr
EWJ Japan 17.06
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.56 σ
+1.90 σ
+1.67 σ
 +7.53% 10 Apr
EWD Sweden 17.03
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.27 σ
+0.54 σ
+1.34 σ
 +6.88% 10 Apr
EWG Germany 16.74
Overvalued
Overvalued
Expensive
 14.24 13.74 12.48
+1.10 σ
+1.93 σ
+3.15 σ
 -0.57% 10 Apr
EDEN Denmark 16.32
Fair
Fair
Fair
 16.46 18.10 16.56
-0.05 σ
-0.67 σ
-0.13 σ
 -1.96% 10 Apr
ARGT Argentina 16.01
Overvalued
Expensive
Expensive
 12.77 12.57 10.71
+1.59 σ
+2.55 σ
+2.09 σ
 +9.73% 10 Apr
EWY South Korea 15.99
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+4.77 σ
+5.13 σ
+6.29 σ
 +42.61% 10 Apr
EWS Singapore 15.89
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.44 σ
+2.45 σ
+2.61 σ
 +3.65% 10 Apr
THD Thailand 15.79
Fair
Fair
Fair
 17.35 17.45 15.87
-0.74 σ
-0.83 σ
-0.03 σ
 +17.42% 10 Apr
TUR Turkey 15.72
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.45 σ
+7.49 σ
+4.81 σ
 +17.72% 10 Apr
VNM Vietnam 15.05
Fair
Fair
-
 15.43 16.68 -
-0.16 σ
-0.55 σ
-
 +2.89% 10 Apr
EWM Malaysia 15.02
Fair
Fair
Fair
 14.40 15.09 14.72
+0.78 σ
-0.09 σ
+0.38 σ
 +7.46% 10 Apr
EPU Perù 14.98
Overvalued
Overvalued
Overvalued
 12.12 12.86 12.31
+1.43 σ
+1.43 σ
+1.85 σ
 +27.44% 10 Apr
EWP Spain 14.56
Expensive
Expensive
Overvalued
 11.29 11.92 11.57
+2.63 σ
+2.06 σ
+1.97 σ
 +12.74% 10 Apr
EWO Austria 14.25
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+2.92 σ
+2.50 σ
+2.68 σ
 +15.81% 10 Apr
EWW Mexico 14.21
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.87 σ
+0.38 σ
-0.04 σ
 +15.97% 10 Apr
ECH Chile 13.68
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.43 σ
+0.18 σ
-0.49 σ
 +15.07% 10 Apr
EWI Italy 13.47
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.61 σ
+1.34 σ
+1.45 σ
 +9.19% 10 Apr
EIRL Ireland 13.34
Fair
Undervalued
Undervalued
 14.97 15.57 16.17
-0.94 σ
-1.20 σ
-1.17 σ
 +3.77% 10 Apr
EWZ Brazil 13.26
Expensive
Overvalued
Expensive
 7.99 10.04 10.02
+4.03 σ
+1.68 σ
+2.23 σ
 +27.68% 10 Apr
QAT Qatar 12.59
Fair
Fair
-
 12.91 13.39 -
-0.16 σ
-0.61 σ
-
 +0.31% 10 Apr
EPOL Poland 12.23
Fair
Fair
Fair
 10.16 11.05 11.46
+0.99 σ
+0.85 σ
+0.63 σ
 +14.35% 10 Apr
COLO Colombia 11.73
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+2.97 σ
+1.02 σ
-0.23 σ
 +15.80% 10 Apr
EIDO Indonesia 11.52
Undervalued
Undervalued
Undervalued
 12.83 14.14 13.67
-1.05 σ
-1.82 σ
-1.79 σ
 -10.02% 10 Apr
GREK Greece 10.13
Fair
Fair
Fair
 9.45 11.36 10.96
+0.35 σ
-0.63 σ
-0.38 σ
 +7.48% 10 Apr
EZA South Africa 9.86
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.50 σ
-1.16 σ
-1.23 σ
 +10.63% 10 Apr
FXI China 9.76
Fair
Undervalued
Fair
 10.16 11.17 11.02
-0.37 σ
-1.05 σ
-0.74 σ
 -6.24% 10 Apr
EPHE Philippines 8.91
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.46 σ
-2.25 σ
-2.85 σ
 -0.84% 10 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).