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 29.15
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.75 σ
+7.35 σ
+8.39 σ
 +29.43% 09:30 AM
ENZL New Zealand 26.87
Fair
Fair
Fair
 26.90 27.47 21.53
-0.01 σ
-0.15 σ
+0.97 σ
 +1.51% 09:30 AM
VTI United States 26.73
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.43 σ
+2.15 σ
+3.24 σ
 +8.23% 09:30 AM
EWL Switzerland 24.52
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.79 σ
+3.08 σ
+3.69 σ
 +4.64% 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
 -4.83% 09:30 AM
EWN Netherlands 21.24
Expensive
Expensive
Expensive
 17.49 17.12 14.48
+2.19 σ
+2.12 σ
+2.77 σ
 +10.54% 09:30 AM
EWC Canada 21.23
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.89 σ
+3.31 σ
+5.28 σ
 +7.78% 09:30 AM
EWA Australia 21.18
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.43 σ
+2.35 σ
+3.50 σ
 +2.90% 09:30 AM
EWQ France 18.64
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.03 σ
+1.72 σ
+2.38 σ
 +0.27% 09:30 AM
EWJ Japan 18.56
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.44 σ
+2.74 σ
+2.60 σ
 +6.13% 09:30 AM
EWY South Korea 17.98
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.21 σ
+6.19 σ
+8.03 σ
 +23.85% 09:30 AM
EWS Singapore 17.74
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.41 σ
+3.89 σ
+4.40 σ
 +11.20% 09:30 AM
EWU United Kingdom 17.74
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.30 σ
+2.23 σ
+3.14 σ
 +3.80% 09:30 AM
EWG Germany 17.47
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.28 σ
+2.16 σ
+3.48 σ
 -1.64% 09:30 AM
EWK Belgium 17.27
Fair
Fair
Fair
 16.07 16.87 15.03
+0.46 σ
+0.21 σ
+0.86 σ
 +4.17% 09:30 AM
EWH Hong Kong 17.20
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.49 σ
+1.81 σ
+1.87 σ
 -2.07% 09:30 AM
EIRL Ireland 16.62
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.74 σ
+0.59 σ
+0.18 σ
 +9.07% 09:30 AM
EIS Israel 16.55
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.09 σ
+3.66 σ
+3.64 σ
 +3.23% 09:30 AM
EDEN Denmark 16.54
Fair
Fair
Fair
 16.04 18.01 16.57
+0.22 σ
-0.55 σ
-0.02 σ
 +4.96% 09:30 AM
EWD Sweden 16.50
Fair
Fair
Fair
 16.17 16.22 14.93
+0.16 σ
+0.18 σ
+0.99 σ
 +0.03% 09:30 AM
THD Thailand 15.67
Fair
Fair
Fair
 17.03 17.31 15.94
-0.72 σ
-0.85 σ
-0.12 σ
 +10.36% 09:30 AM
EWP Spain 15.62
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.48 σ
+2.65 σ
+2.57 σ
 +8.63% 09:30 AM
TUR Turkey 15.51
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.18 σ
+6.76 σ
+4.60 σ
 +3.69% 09:30 AM
ARGT Argentina 15.48
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.16 σ
+1.98 σ
+1.80 σ
 +3.96% 09:30 AM
EWI Italy 15.11
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.48 σ
+2.36 σ
+2.45 σ
 +9.30% 09:30 AM
VNM Vietnam 15.04
Fair
Fair
-
 15.18 16.84 -
-0.07 σ
-0.65 σ
-
 -4.45% 09:30 AM
EPU Perù 14.47
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.14 σ
+1.09 σ
+1.49 σ
 +9.96% 09:30 AM
EWO Austria 14.12
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.42 σ
+2.33 σ
+2.58 σ
 +15.13% 09:30 AM
NORW Norway 14.00
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.67 σ
+0.71 σ
+1.43 σ
 -1.19% 09:30 AM
EPOL Poland 13.63
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.74 σ
+1.85 σ
+1.77 σ
 +10.85% 09:30 AM
EWM Malaysia 13.37
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.35 σ
-2.22 σ
-1.77 σ
 +0.30% 09:30 AM
ECH Chile 12.61
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.06 σ
-0.19 σ
-1.06 σ
 -1.52% 09:30 AM
EWW Mexico 12.45
Fair
Fair
Undervalued
 12.46 13.54 14.27
-0.02 σ
-0.81 σ
-1.06 σ
 +2.24% 09:30 AM
GREK Greece 11.66
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.31 σ
+0.17 σ
+0.34 σ
 +9.93% 09:30 AM
COLO Colombia 11.46
Expensive
Fair
Fair
 7.21 9.42 12.31
+2.79 σ
+0.94 σ
-0.30 σ
 +13.96% 09:30 AM
EWZ Brazil 11.39
Expensive
Fair
Fair
 8.10 10.08 10.08
+2.26 σ
+0.67 σ
+0.90 σ
 +1.07% 09:30 AM
QAT Qatar 11.32
Fair
Undervalued
-
 12.55 13.36 -
-0.73 σ
-1.53 σ
-
 -7.04% 09:30 AM
EZA South Africa 9.20
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.83 σ
-1.41 σ
-1.58 σ
 -8.40% 09:30 AM
EIDO Indonesia 9.13
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.92 σ
-3.24 σ
-3.73 σ
 -25.20% 09:30 AM
FXI China 9.06
Undervalued
Undervalued
Undervalued
 9.96 11.14 10.97
-1.03 σ
-1.53 σ
-1.14 σ
 -8.03% 09:30 AM
EPHE Philippines 8.51
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.50 σ
-2.23 σ
-2.95 σ
 +0.86% 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).