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)
EWT Taiwan 26.95
Expensive
Expensive
Expensive
 16.20 15.23 14.16
+4.17 σ
+6.32 σ
+7.28 σ
 +51.50% 09:30 AM
VTI United States 26.48
Overvalued
Expensive
Expensive
 22.82 20.25 16.85
+1.40 σ
+2.13 σ
+3.23 σ
 +8.71% 09:30 AM
ENZL New Zealand 25.44
Fair
Fair
Fair
 26.97 27.44 21.47
-0.40 σ
-0.50 σ
+0.72 σ
 -1.36% 09:30 AM
INDA India 23.68
Fair
Overvalued
Overvalued
 23.10 20.83 18.05
+0.45 σ
+1.18 σ
+1.95 σ
 -3.15% 09:30 AM
EWL Switzerland 22.78
Overvalued
Expensive
Expensive
 19.97 18.44 15.94
+1.15 σ
+2.28 σ
+2.99 σ
 +3.00% 09:30 AM
EWY South Korea 22.42
Expensive
Expensive
Expensive
 10.54 10.30 9.94
+9.06 σ
+10.15 σ
+12.62 σ
 +77.42% 09:30 AM
EWA Australia 20.32
Overvalued
Overvalued
Expensive
 17.40 16.69 14.92
+1.14 σ
+1.95 σ
+3.09 σ
 +2.68% 09:30 AM
EWN Netherlands 19.81
Overvalued
Overvalued
Expensive
 17.57 17.07 14.43
+1.17 σ
+1.42 σ
+2.21 σ
 +16.28% 09:30 AM
EWJ Japan 19.70
Expensive
Expensive
Expensive
 14.87 14.45 14.43
+3.29 σ
+3.59 σ
+3.35 σ
 +13.22% 09:30 AM
EWC Canada 18.96
Overvalued
Expensive
Expensive
 16.08 15.41 14.45
+1.08 σ
+2.06 σ
+3.57 σ
 +6.28% 09:30 AM
EWK Belgium 18.34
Fair
Fair
Overvalued
 16.09 16.87 14.99
+0.85 σ
+0.76 σ
+1.28 σ
 +7.14% 09:30 AM
EWH Hong Kong 17.58
Overvalued
Expensive
Expensive
 15.47 15.38 15.25
+1.80 σ
+2.25 σ
+2.26 σ
 -5.01% 09:30 AM
EWU United Kingdom 17.55
Overvalued
Expensive
Expensive
 13.55 13.45 12.37
+1.29 σ
+2.18 σ
+3.08 σ
 +2.13% 09:30 AM
EWQ France 17.48
Fair
Overvalued
Overvalued
 16.60 15.57 13.48
+0.45 σ
+1.08 σ
+1.87 σ
 +0.84% 09:30 AM
EWG Germany 17.44
Overvalued
Expensive
Expensive
 14.33 13.83 12.51
+1.31 σ
+2.21 σ
+3.53 σ
 -0.77% 09:30 AM
TUR Turkey 17.34
Expensive
Expensive
Expensive
 6.56 6.47 7.94
+4.20 σ
+8.45 σ
+5.76 σ
 +8.26% 09:30 AM
VNM Vietnam 17.31
Fair
Fair
-
 15.24 16.78 -
+0.93 σ
+0.19 σ
-
 +1.77% 09:30 AM
EIS Israel 17.18
Expensive
Expensive
Expensive
 11.98 11.46 10.98
+2.53 σ
+4.21 σ
+4.06 σ
 +5.04% 09:30 AM
EWS Singapore 16.41
Overvalued
Expensive
Expensive
 13.82 13.39 13.40
+1.65 σ
+2.77 σ
+3.09 σ
 +4.71% 09:30 AM
THD Thailand 15.79
Fair
Fair
Fair
 17.14 17.36 15.92
-0.69 σ
-0.80 σ
-0.05 σ
 +10.06% 09:30 AM
EDEN Denmark 15.71
Fair
Fair
Fair
 16.14 18.03 16.56
-0.18 σ
-0.87 σ
-0.46 σ
 -2.11% 09:30 AM
NORW Norway 15.68
Expensive
Overvalued
Expensive
 10.79 12.67 11.62
+2.54 σ
+1.61 σ
+2.47 σ
 +7.08% 09:30 AM
EWP Spain 15.26
Expensive
Expensive
Expensive
 11.29 11.96 11.59
+3.19 σ
+2.47 σ
+2.37 σ
 +10.68% 09:30 AM
EWD Sweden 15.09
Fair
Fair
Fair
 16.26 16.21 14.92
-0.54 σ
-0.72 σ
+0.11 σ
 +0.11% 09:30 AM
ARGT Argentina 15.06
Fair
Overvalued
Overvalued
 12.94 12.69 10.78
+0.99 σ
+1.70 σ
+1.65 σ
 +7.37% 09:30 AM
EIRL Ireland 15.00
Fair
Fair
Fair
 14.72 15.52 16.18
+0.21 σ
-0.28 σ
-0.49 σ
 +8.51% 09:30 AM
EPU Perù 14.97
Overvalued
Overvalued
Overvalued
 12.14 12.85 12.33
+1.40 σ
+1.45 σ
+1.85 σ
 +16.57% 09:30 AM
EWO Austria 14.70
Expensive
Expensive
Expensive
 8.46 9.67 9.95
+2.86 σ
+2.69 σ
+2.96 σ
 +21.15% 09:30 AM
EWM Malaysia 14.37
Fair
Fair
Fair
 14.44 15.09 14.73
-0.09 σ
-0.94 σ
-0.47 σ
 -2.36% 09:30 AM
EWI Italy 14.33
Expensive
Overvalued
Overvalued
 10.62 11.48 11.17
+2.08 σ
+1.88 σ
+1.98 σ
 +10.31% 09:30 AM
ECH Chile 13.06
Overvalued
Fair
Fair
 10.11 13.15 14.54
+1.22 σ
-0.03 σ
-0.82 σ
 +3.80% 09:30 AM
EWZ Brazil 12.82
Expensive
Overvalued
Overvalued
 8.05 10.06 10.06
+3.42 σ
+1.44 σ
+1.89 σ
 -1.04% 09:30 AM
EWW Mexico 12.60
Fair
Fair
Fair
 12.50 13.59 14.26
+0.12 σ
-0.72 σ
-0.96 σ
 +4.62% 09:30 AM
COLO Colombia 12.33
Expensive
Overvalued
Fair
 7.21 9.44 12.34
+3.37 σ
+1.32 σ
-0.00 σ
 +18.29% 09:30 AM
EPOL Poland 12.24
Overvalued
Fair
Fair
 10.13 11.06 11.45
+1.03 σ
+0.85 σ
+0.64 σ
 +9.22% 09:30 AM
GREK Greece 11.55
Overvalued
Fair
Fair
 9.37 11.34 10.92
+1.20 σ
+0.11 σ
+0.29 σ
 +13.94% 09:30 AM
QAT Qatar 11.31
Fair
Undervalued
-
 12.67 13.37 -
-0.76 σ
-1.56 σ
-
 -3.45% 09:30 AM
EIDO Indonesia 9.92
Cheap
Cheap
Cheap
 12.66 14.06 13.66
-2.26 σ
-2.78 σ
-3.08 σ
 -27.80% 09:30 AM
EZA South Africa 9.74
Fair
Undervalued
Undervalued
 10.72 12.03 11.90
-0.55 σ
-1.17 σ
-1.27 σ
 -4.84% 09:30 AM
FXI China 9.59
Fair
Undervalued
Fair
 10.03 11.16 10.98
-0.48 σ
-1.16 σ
-0.83 σ
 -12.27% 09:30 AM
EPHE Philippines 8.41
Undervalued
Cheap
Cheap
 12.25 14.67 15.16
-1.57 σ
-2.32 σ
-3.01 σ
 -2.20% 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).