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 28.33
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.44 σ
+6.91 σ
+7.92 σ
 +25.50% 17 Jul
ENZL New Zealand 27.39
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.13 σ
-0.02 σ
+1.06 σ
 +3.45% 17 Jul
VTI United States 26.40
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.31 σ
+2.04 σ
+3.14 σ
 +6.85% 17 Jul
EWL Switzerland 24.62
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.84 σ
+3.13 σ
+3.74 σ
 +5.02% 17 Jul
INDA India 22.36
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.61 σ
+0.61 σ
+1.47 σ
 -4.44% 17 Jul
EWA Australia 21.25
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.46 σ
+2.38 σ
+3.54 σ
 +3.17% 17 Jul
EWC Canada 21.23
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.89 σ
+3.31 σ
+5.28 σ
 +7.70% 17 Jul
EWN Netherlands 20.85
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.97 σ
+1.92 σ
+2.61 σ
 +8.45% 17 Jul
EWQ France 18.63
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.03 σ
+1.71 σ
+2.38 σ
 +0.18% 17 Jul
EWJ Japan 18.24
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.22 σ
+2.52 σ
+2.40 σ
 +4.23% 17 Jul
EWY South Korea 17.77
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.07 σ
+6.02 σ
+7.82 σ
 +22.04% 17 Jul
EWU United Kingdom 17.74
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.30 σ
+2.22 σ
+3.14 σ
 +3.72% 17 Jul
EWS Singapore 17.54
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.28 σ
+3.70 σ
+4.19 σ
 +9.88% 17 Jul
EWG Germany 17.45
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.27 σ
+2.14 σ
+3.46 σ
 -1.79% 17 Jul
EWK Belgium 17.27
Fair
Fair
Fair
 16.07 16.87 15.03
+0.46 σ
+0.21 σ
+0.86 σ
 +4.10% 17 Jul
EWH Hong Kong 17.20
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.49 σ
+1.80 σ
+1.86 σ
 -2.13% 17 Jul
EIRL Ireland 16.47
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.61 σ
+0.51 σ
+0.11 σ
 +7.98% 17 Jul
EWD Sweden 16.44
Fair
Fair
Fair
 16.17 16.22 14.93
+0.13 σ
+0.14 σ
+0.95 σ
 -0.33% 17 Jul
EDEN Denmark 16.41
Fair
Fair
Fair
 16.04 18.01 16.57
+0.17 σ
-0.60 σ
-0.09 σ
 +4.15% 17 Jul
EIS Israel 16.40
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.02 σ
+3.55 σ
+3.54 σ
 +2.21% 17 Jul
THD Thailand 15.68
Fair
Fair
Fair
 17.03 17.31 15.94
-0.72 σ
-0.85 σ
-0.11 σ
 +10.30% 17 Jul
EWP Spain 15.57
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.44 σ
+2.62 σ
+2.54 σ
 +8.21% 17 Jul
TUR Turkey 15.35
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.12 σ
+6.64 σ
+4.50 σ
 +2.55% 17 Jul
ARGT Argentina 15.22
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.04 σ
+1.79 σ
+1.70 σ
 +2.09% 17 Jul
EWI Italy 15.02
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.43 σ
+2.30 σ
+2.39 σ
 +8.60% 17 Jul
VNM Vietnam 14.88
Fair
Fair
-
 15.18 16.84 -
-0.14 σ
-0.70 σ
-
 -5.42% 17 Jul
EPU Perù 14.34
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.07 σ
+1.01 σ
+1.40 σ
 +8.82% 17 Jul
NORW Norway 14.20
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.78 σ
+0.81 σ
+1.54 σ
 +0.13% 17 Jul
EWO Austria 14.00
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.37 σ
+2.27 σ
+2.51 σ
 +13.98% 17 Jul
EPOL Poland 13.52
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.68 σ
+1.77 σ
+1.68 σ
 +9.83% 17 Jul
EWM Malaysia 13.45
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.25 σ
-2.11 σ
-1.66 σ
 +0.88% 17 Jul
ECH Chile 12.48
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.00 σ
-0.24 σ
-1.13 σ
 -2.60% 17 Jul
EWW Mexico 12.44
Fair
Fair
Undervalued
 12.46 13.54 14.27
-0.03 σ
-0.82 σ
-1.06 σ
 +2.09% 17 Jul
COLO Colombia 11.55
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.85 σ
+0.98 σ
-0.27 σ
 +14.66% 17 Jul
GREK Greece 11.44
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.19 σ
+0.06 σ
+0.24 σ
 +7.81% 17 Jul
QAT Qatar 11.33
Fair
Undervalued
-
 12.55 13.36 -
-0.72 σ
-1.52 σ
-
 -6.89% 17 Jul
EWZ Brazil 11.31
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.21 σ
+0.63 σ
+0.84 σ
 +0.33% 17 Jul
EIDO Indonesia 9.28
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.79 σ
-3.14 σ
-3.61 σ
 -23.82% 17 Jul
EZA South Africa 9.11
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.88 σ
-1.46 σ
-1.63 σ
 -9.25% 17 Jul
FXI China 8.94
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.16 σ
-1.61 σ
-1.21 σ
 -9.11% 17 Jul
EPHE Philippines 8.58
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.47 σ
-2.21 σ
-2.92 σ
 +1.68% 17 Jul
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).