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 28.09
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.35 σ
+6.79 σ
+7.79 σ
 +24.16% 09:30 AM
ENZL New Zealand 27.22
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.08 σ
-0.06 σ
+1.04 σ
 +2.83% 09:30 AM
VTI United States 26.46
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.33 σ
+2.06 σ
+3.16 σ
 +7.02% 09:30 AM
EWL Switzerland 24.39
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.74 σ
+3.02 σ
+3.64 σ
 +3.98% 09:30 AM
INDA India 22.27
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.67 σ
+0.58 σ
+1.44 σ
 -4.77% 09:30 AM
EWA Australia 21.11
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.40 σ
+2.31 σ
+3.46 σ
 +2.50% 09:30 AM
EWC Canada 21.05
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.82 σ
+3.21 σ
+5.14 σ
 +6.71% 09:30 AM
EWN Netherlands 20.78
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.92 σ
+1.89 σ
+2.58 σ
 +8.00% 09:30 AM
EWQ France 18.55
Fair
Overvalued
Expensive
 16.60 15.60 13.51
+0.99 σ
+1.67 σ
+2.34 σ
 -0.25% 09:30 AM
EWJ Japan 18.30
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.27 σ
+2.56 σ
+2.44 σ
 +4.53% 09:30 AM
EWY South Korea 18.03
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.25 σ
+6.23 σ
+8.07 σ
 +23.41% 09:30 AM
EWU United Kingdom 17.57
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.24 σ
+2.14 σ
+3.04 σ
 +2.68% 09:30 AM
EWS Singapore 17.50
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.26 σ
+3.66 σ
+4.15 σ
 +9.54% 09:30 AM
EWG Germany 17.41
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.26 σ
+2.12 σ
+3.43 σ
 -2.02% 09:30 AM
EWH Hong Kong 17.29
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.56 σ
+1.89 σ
+1.94 σ
 -1.63% 09:30 AM
EWK Belgium 17.26
Fair
Fair
Fair
 16.07 16.87 15.03
+0.45 σ
+0.20 σ
+0.85 σ
 +4.00% 09:30 AM
EIRL Ireland 16.37
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.53 σ
+0.46 σ
+0.08 σ
 +7.28% 09:30 AM
EWD Sweden 16.31
Fair
Fair
Fair
 16.17 16.22 14.93
+0.07 σ
+0.06 σ
+0.87 σ
 -1.13% 09:30 AM
EIS Israel 16.29
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.97 σ
+3.47 σ
+3.47 σ
 +1.45% 09:30 AM
EDEN Denmark 16.28
Fair
Fair
Fair
 16.04 18.01 16.57
+0.11 σ
-0.64 σ
-0.16 σ
 +3.28% 09:30 AM
THD Thailand 15.72
Fair
Fair
Fair
 17.03 17.31 15.94
-0.69 σ
-0.83 σ
-0.09 σ
 +10.47% 09:30 AM
TUR Turkey 15.60
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.21 σ
+6.83 σ
+4.65 σ
 +4.15% 09:30 AM
EWP Spain 15.53
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.40 σ
+2.58 σ
+2.51 σ
 +7.79% 09:30 AM
ARGT Argentina 15.30
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.08 σ
+1.85 σ
+1.73 σ
 +2.45% 09:30 AM
EWI Italy 14.98
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.41 σ
+2.28 σ
+2.37 σ
 +8.24% 09:30 AM
VNM Vietnam 14.47
Fair
Fair
-
 15.18 16.84 -
-0.34 σ
-0.85 σ
-
 -8.04% 09:30 AM
EPU Perù 14.39
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.10 σ
+1.04 σ
+1.43 σ
 +8.99% 09:30 AM
NORW Norway 14.14
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.75 σ
+0.78 σ
+1.51 σ
 -0.31% 09:30 AM
EWO Austria 13.97
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.35 σ
+2.25 σ
+2.49 σ
 +13.54% 09:30 AM
EPOL Poland 13.58
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.71 σ
+1.82 σ
+1.73 σ
 +10.23% 09:30 AM
EWM Malaysia 13.35
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.38 σ
-2.25 σ
-1.80 σ
 +0.06% 09:30 AM
EWW Mexico 12.55
Fair
Fair
Fair
 12.46 13.54 14.27
+0.10 σ
-0.74 σ
-1.00 σ
 +2.94% 09:30 AM
ECH Chile 12.50
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.01 σ
-0.23 σ
-1.12 σ
 -2.52% 09:30 AM
COLO Colombia 11.61
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+2.89 σ
+1.01 σ
-0.25 σ
 +15.13% 09:30 AM
GREK Greece 11.50
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.22 σ
+0.09 σ
+0.27 σ
 +8.29% 09:30 AM
EWZ Brazil 11.38
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.26 σ
+0.67 σ
+0.89 σ
 +0.89% 09:30 AM
QAT Qatar 11.28
Fair
Undervalued
-
 12.55 13.36 -
-0.75 σ
-1.56 σ
-
 -7.26% 09:30 AM
EIDO Indonesia 9.38
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.71 σ
-3.08 σ
-3.53 σ
 -22.94% 09:30 AM
FXI China 9.23
Fair
Undervalued
Undervalued
 9.96 11.14 10.97
-0.84 σ
-1.40 σ
-1.04 σ
 -6.14% 09:30 AM
EZA South Africa 9.03
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.92 σ
-1.50 σ
-1.68 σ
 -10.06% 09:30 AM
EPHE Philippines 8.63
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.45 σ
-2.19 σ
-2.90 σ
 +2.18% 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).