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 28.07
Expensive
Expensive
Expensive
 22.65 20.07 16.76
+2.15 σ
+2.81 σ
+3.90 σ
 +3.37% 09:30 AM
ENZL New Zealand 27.75
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.17 σ
+0.09 σ
+1.16 σ
 -2.16% 09:30 AM
EWL Switzerland 22.48
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.13 σ
+2.29 σ
+2.97 σ
 +6.05% 09:30 AM
EWT Taiwan 21.35
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+2.21 σ
+3.47 σ
+4.27 σ
 +20.13% 09:30 AM
INDA India 21.32
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.36 σ
+0.24 σ
+1.16 σ
 -6.43% 09:30 AM
EWA Australia 20.73
Overvalued
Expensive
Expensive
 17.27 16.59 14.88
+1.39 σ
+2.31 σ
+3.48 σ
 +11.12% 09:30 AM
EWC Canada 19.11
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.25 σ
+2.33 σ
+3.81 σ
 +10.62% 09:30 AM
EWK Belgium 18.23
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.77 σ
+0.68 σ
+1.26 σ
 +8.95% 09:30 AM
EWU United Kingdom 17.95
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.54 σ
+2.53 σ
+3.40 σ
 +10.46% 09:30 AM
EWH Hong Kong 17.94
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+2.15 σ
+2.79 σ
+2.66 σ
 +8.08% 09:30 AM
EWQ France 17.82
Fair
Overvalued
Expensive
 16.58 15.49 13.42
+0.63 σ
+1.34 σ
+2.10 σ
 +4.07% 09:30 AM
EWN Netherlands 17.70
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.04 σ
+0.36 σ
+1.39 σ
 +9.41% 09:30 AM
NORW Norway 17.66
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.56 σ
+2.71 σ
+3.73 σ
 +24.87% 09:30 AM
EWD Sweden 17.40
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.44 σ
+0.79 σ
+1.58 σ
 +9.16% 09:30 AM
EIS Israel 17.19
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.67 σ
+4.42 σ
+4.07 σ
 +17.65% 09:30 AM
EWJ Japan 17.10
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.58 σ
+1.93 σ
+1.69 σ
 +7.69% 09:30 AM
EWG Germany 16.88
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.16 σ
+2.02 σ
+3.25 σ
 +0.24% 09:30 AM
EDEN Denmark 16.36
Fair
Fair
Fair
 16.46 18.10 16.56
-0.04 σ
-0.66 σ
-0.11 σ
 -1.74% 09:30 AM
EWY South Korea 16.27
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+5.02 σ
+5.39 σ
+6.59 σ
 +44.67% 09:30 AM
ARGT Argentina 16.08
Overvalued
Expensive
Expensive
 12.77 12.57 10.71
+1.63 σ
+2.61 σ
+2.12 σ
 +10.19% 09:30 AM
EWS Singapore 16.03
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.53 σ
+2.59 σ
+2.76 σ
 +4.51% 09:30 AM
THD Thailand 15.92
Fair
Fair
Fair
 17.35 17.45 15.87
-0.68 σ
-0.77 σ
+0.02 σ
 +18.17% 09:30 AM
TUR Turkey 15.78
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.48 σ
+7.54 σ
+4.84 σ
 +17.95% 09:30 AM
EPU Perù 15.31
Overvalued
Overvalued
Expensive
 12.12 12.86 12.31
+1.59 σ
+1.65 σ
+2.08 σ
 +29.84% 09:30 AM
VNM Vietnam 15.13
Fair
Fair
-
 15.43 16.68 -
-0.12 σ
-0.52 σ
-
 +3.32% 09:30 AM
EWM Malaysia 15.04
Fair
Fair
Fair
 14.40 15.09 14.72
+0.81 σ
-0.07 σ
+0.41 σ
 +7.51% 09:30 AM
EWP Spain 14.61
Expensive
Expensive
Overvalued
 11.29 11.92 11.57
+2.66 σ
+2.09 σ
+1.99 σ
 +12.94% 09:30 AM
EWO Austria 14.37
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+2.98 σ
+2.56 σ
+2.75 σ
 +16.56% 09:30 AM
EWW Mexico 14.17
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.83 σ
+0.35 σ
-0.06 σ
 +15.50% 09:30 AM
ECH Chile 13.84
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.50 σ
+0.24 σ
-0.40 σ
 +16.24% 09:30 AM
EWI Italy 13.57
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.67 σ
+1.41 σ
+1.51 σ
 +9.92% 09:30 AM
EIRL Ireland 13.44
Fair
Undervalued
Undervalued
 14.97 15.57 16.17
-0.88 σ
-1.14 σ
-1.12 σ
 +4.52% 09:30 AM
EWZ Brazil 13.32
Expensive
Overvalued
Expensive
 7.99 10.04 10.02
+4.08 σ
+1.72 σ
+2.27 σ
 +27.99% 09:30 AM
QAT Qatar 12.46
Fair
Fair
-
 12.91 13.39 -
-0.23 σ
-0.72 σ
-
 -0.77% 09:30 AM
EPOL Poland 12.41
Overvalued
Fair
Fair
 10.16 11.05 11.46
+1.08 σ
+0.98 σ
+0.77 σ
 +15.82% 09:30 AM
COLO Colombia 12.01
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+3.16 σ
+1.15 σ
-0.13 σ
 +18.39% 09:30 AM
EIDO Indonesia 11.64
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.95 σ
-1.74 σ
-1.69 σ
 -9.04% 09:30 AM
GREK Greece 10.24
Fair
Fair
Fair
 9.45 11.36 10.96
+0.41 σ
-0.57 σ
-0.33 σ
 +8.58% 09:30 AM
EZA South Africa 9.90
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.48 σ
-1.14 σ
-1.20 σ
 +10.89% 09:30 AM
FXI China 9.82
Fair
Undervalued
Fair
 10.16 11.17 11.02
-0.32 σ
-1.01 σ
-0.71 σ
 -5.69% 09:30 AM
EPHE Philippines 8.91
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.46 σ
-2.25 σ
-2.85 σ
 -0.85% 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).