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 29.65
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.93 σ
+7.62 σ
+8.67 σ
 +32.64% 09:30 AM
ENZL New Zealand 26.82
Fair
Fair
Fair
 26.90 27.47 21.53
-0.02 σ
-0.16 σ
+0.96 σ
 +1.37% 09:30 AM
VTI United States 26.60
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.39 σ
+2.11 σ
+3.20 σ
 +7.93% 09:30 AM
EWL Switzerland 24.33
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.72 σ
+2.98 σ
+3.61 σ
 +4.05% 09:30 AM
INDA India 22.24
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.70 σ
+0.56 σ
+1.43 σ
 -4.81% 09:30 AM
EWC Canada 20.97
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.79 σ
+3.16 σ
+5.08 σ
 +6.75% 09:30 AM
EWA Australia 20.95
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.34 σ
+2.23 σ
+3.37 σ
 +1.89% 09:30 AM
EWN Netherlands 20.92
Expensive
Overvalued
Expensive
 17.49 17.12 14.48
+2.01 σ
+1.96 σ
+2.64 σ
 +9.18% 09:30 AM
EWJ Japan 18.69
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.52 σ
+2.82 σ
+2.68 σ
 +7.09% 09:30 AM
EWQ France 18.50
Fair
Overvalued
Expensive
 16.60 15.60 13.51
+0.96 σ
+1.64 σ
+2.32 σ
 -0.43% 09:30 AM
EWY South Korea 18.37
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.49 σ
+6.51 σ
+8.42 σ
 +27.86% 09:30 AM
EWU United Kingdom 17.52
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.23 σ
+2.11 σ
+3.01 σ
 +2.69% 09:30 AM
EWS Singapore 17.51
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.27 σ
+3.68 σ
+4.17 σ
 +9.97% 09:30 AM
EWG Germany 17.48
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.28 σ
+2.16 σ
+3.48 σ
 -1.62% 09:30 AM
EWK Belgium 17.15
Fair
Fair
Fair
 16.07 16.87 15.03
+0.41 σ
+0.14 σ
+0.81 σ
 +3.70% 09:30 AM
EWH Hong Kong 16.62
Fair
Overvalued
Overvalued
 15.47 15.41 15.26
+0.99 σ
+1.22 σ
+1.30 σ
 -5.35% 09:30 AM
EIRL Ireland 16.43
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.58 σ
+0.49 σ
+0.10 σ
 +8.10% 09:30 AM
EWD Sweden 16.30
Fair
Fair
Fair
 16.17 16.22 14.93
+0.06 σ
+0.05 σ
+0.86 σ
 -1.08% 09:30 AM
EIS Israel 16.13
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.90 σ
+3.36 σ
+3.37 σ
 +1.00% 09:30 AM
EDEN Denmark 16.10
Fair
Fair
Fair
 16.04 18.01 16.57
+0.03 σ
-0.71 σ
-0.26 σ
 +2.25% 09:30 AM
ARGT Argentina 15.63
Overvalued
Expensive
Overvalued
 13.01 12.73 10.82
+1.23 σ
+2.09 σ
+1.86 σ
 +5.28% 09:30 AM
THD Thailand 15.56
Fair
Fair
Fair
 17.03 17.31 15.94
-0.78 σ
-0.91 σ
-0.16 σ
 +9.92% 09:30 AM
EWP Spain 15.52
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.40 σ
+2.58 σ
+2.50 σ
 +8.23% 09:30 AM
EWI Italy 15.07
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.46 σ
+2.34 σ
+2.43 σ
 +9.34% 09:30 AM
TUR Turkey 15.06
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.01 σ
+6.43 σ
+4.33 σ
 +0.86% 09:30 AM
VNM Vietnam 15.05
Fair
Fair
-
 15.18 16.84 -
-0.06 σ
-0.64 σ
-
 -4.40% 09:30 AM
EPU Perù 14.46
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.13 σ
+1.09 σ
+1.48 σ
 +10.46% 09:30 AM
EWO Austria 14.04
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.38 σ
+2.29 σ
+2.53 σ
 +14.95% 09:30 AM
NORW Norway 13.93
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.64 σ
+0.67 σ
+1.38 σ
 -1.55% 09:30 AM
EPOL Poland 13.46
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.65 σ
+1.72 σ
+1.63 σ
 +9.84% 09:30 AM
EWM Malaysia 13.13
Undervalued
Cheap
Cheap
 14.45 15.08 14.74
-1.65 σ
-2.54 σ
-2.08 σ
 -1.37% 09:30 AM
ECH Chile 12.64
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.07 σ
-0.18 σ
-1.04 σ
 -1.03% 09:30 AM
EWW Mexico 12.28
Fair
Fair
Undervalued
 12.46 13.54 14.27
-0.22 σ
-0.94 σ
-1.15 σ
 +1.02% 09:30 AM
GREK Greece 11.67
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.32 σ
+0.17 σ
+0.35 σ
 +10.31% 09:30 AM
QAT Qatar 11.37
Fair
Undervalued
-
 12.55 13.36 -
-0.70 σ
-1.49 σ
-
 -6.76% 09:30 AM
EWZ Brazil 11.36
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.25 σ
+0.66 σ
+0.88 σ
 +1.06% 09:30 AM
COLO Colombia 11.36
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.73 σ
+0.89 σ
-0.34 σ
 +13.44% 09:30 AM
EZA South Africa 9.17
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.85 σ
-1.43 σ
-1.60 σ
 -8.65% 09:30 AM
EIDO Indonesia 8.95
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-3.07 σ
-3.36 σ
-3.88 σ
 -27.01% 09:30 AM
FXI China 8.76
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.37 σ
-1.75 σ
-1.31 σ
 -11.26% 09:30 AM
EPHE Philippines 8.36
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.57 σ
-2.29 σ
-3.02 σ
 -0.97% 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).