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)
ENZL New Zealand 29.94
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.70 σ
+0.65 σ
+1.57 σ
 -2.65% 12:59 PM
VTI United States 26.13
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.45 σ
+2.20 σ
+3.30 σ
 +1.59% 01:00 PM
EWL Switzerland 23.58
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.67 σ
+3.00 σ
+3.53 σ
 +3.54% 12:59 PM
EWT Taiwan 23.29
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.13 σ
+4.64 σ
+5.52 σ
 +10.74% 01:00 PM
EWA Australia 22.70
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.27 σ
+3.52 σ
+4.75 σ
 +5.84% 01:00 PM
EWH Hong Kong 20.34
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+4.22 σ
+5.44 σ
+5.08 σ
 +6.37% 12:59 PM
EWC Canada 20.30
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.80 σ
+3.21 σ
+4.87 σ
 +10.41% 01:00 PM
EWY South Korea 20.18
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.47 σ
+9.17 σ
+10.81 σ
 +38.63% 01:00 PM
EWQ France 19.93
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.73 σ
+2.62 σ
+3.16 σ
 -1.27% 12:58 PM
EWU United Kingdom 19.74
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.27 σ
+3.59 σ
+4.55 σ
 +7.55% 01:00 PM
EWK Belgium 19.51
Overvalued
Overvalued
Overvalued
 16.15 16.90 14.88
+1.25 σ
+1.33 σ
+1.77 σ
 +3.18% 01:00 PM
EWJ Japan 19.38
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.18 σ
+3.59 σ
+3.13 σ
 +4.55% 01:00 PM
EWN Netherlands 18.96
Fair
Overvalued
Overvalued
 17.92 16.96 14.35
+0.42 σ
+1.03 σ
+1.94 σ
 +3.71% 12:59 PM
EWD Sweden 18.42
Fair
Overvalued
Expensive
 16.45 16.15 14.88
+0.84 σ
+1.45 σ
+2.24 σ
 +5.31% 12:59 PM
EWG Germany 18.36
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.88 σ
+3.10 σ
+4.42 σ
 -3.78% 01:00 PM
EPU Perù 17.57
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.82 σ
+3.28 σ
+3.65 σ
 +29.96% 12:44 PM
EZA South Africa 17.14
Expensive
Expensive
Expensive
 10.68 12.13 11.91
+3.77 σ
+2.56 σ
+3.13 σ
 +8.60% 12:59 PM
EIS Israel 16.97
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.60 σ
+4.35 σ
+3.92 σ
 +15.13% 12:58 PM
ARGT Argentina 16.76
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.11 σ
+3.23 σ
+2.43 σ
 +1.61% 12:44 PM
EWS Singapore 16.49
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.94 σ
+3.10 σ
+3.27 σ
 -1.02% 01:00 PM
EWP Spain 15.71
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.55 σ
+3.06 σ
+2.74 σ
 +6.72% 12:59 PM
EWM Malaysia 15.64
Overvalued
Fair
Overvalued
 14.36 15.09 14.71
+1.63 σ
+0.72 σ
+1.17 σ
 +8.81% 12:57 PM
EDEN Denmark 15.49
Fair
Fair
Fair
 16.62 18.14 16.55
-0.38 σ
-1.00 σ
-0.58 σ
 -9.67% 12:17 PM
NORW Norway 15.49
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.43 σ
+1.55 σ
+2.43 σ
 +19.14% 12:56 PM
VNM Vietnam 15.36
Fair
Fair
-
 15.52 16.63 -
-0.06 σ
-0.42 σ
-
 -2.85% 01:00 PM
EWO Austria 15.32
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.58 σ
+3.11 σ
+3.35 σ
 +7.64% 12:22 PM
THD Thailand 15.05
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.11 σ
-1.22 σ
-0.33 σ
 +11.02% 12:53 PM
ECH Chile 14.88
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.92 σ
+0.62 σ
+0.17 σ
 +8.84% 12:57 PM
EIRL Ireland 14.86
Fair
Fair
Fair
 15.09 15.59 16.16
-0.12 σ
-0.39 σ
-0.54 σ
 -0.33% 12:45 PM
EWW Mexico 14.81
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.53 σ
+0.77 σ
+0.31 σ
 +7.87% 12:59 PM
TUR Turkey 14.42
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.32 σ
+6.58 σ
+4.01 σ
 +13.07% 01:00 PM
EWI Italy 13.66
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.72 σ
+1.50 σ
+1.58 σ
 +1.66% 12:59 PM
EWZ Brazil 13.46
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.33 σ
+1.81 σ
+2.39 σ
 +16.21% 01:00 PM
EPOL Poland 13.38
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.55 σ
+1.70 σ
+1.57 σ
 +3.78% 01:00 PM
INDA India 12.74
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.38 σ
-3.26 σ
-1.86 σ
 -9.04% 01:00 PM
EIDO Indonesia 12.25
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.50 σ
-1.34 σ
-1.17 σ
 -12.12% 12:59 PM
QAT Qatar 12.18
Fair
Fair
-
 13.01 13.38 -
-0.41 σ
-0.93 σ
-
 -2.96% 12:58 PM
GREK Greece 11.99
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.30 σ
+0.33 σ
+0.46 σ
 -0.53% 12:59 PM
COLO Colombia 11.74
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+2.98 σ
+1.02 σ
-0.23 σ
 +11.27% 12:59 PM
FXI China 10.43
Fair
Fair
Fair
 10.21 11.17 11.02
+0.19 σ
-0.55 σ
-0.35 σ
 -6.45% 01:00 PM
EPHE Philippines 9.55
Undervalued
Cheap
Cheap
 12.63 14.92 15.20
-1.24 σ
-2.06 σ
-2.59 σ
 -3.52% 12:58 PM
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).