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 26.05
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+2.97 σ
+5.19 σ
+6.26 σ
 +13.60% 23 Oct
ENZL New Zealand 25.88
Fair
Fair
Fair
 26.77 27.54 21.73
-0.23 σ
-0.42 σ
+0.76 σ
 -1.07% 23 Oct
EWL Switzerland 25.62
Expensive
Expensive
Expensive
 20.31 18.70 16.10
+2.03 σ
+3.31 σ
+3.95 σ
 +2.18% 23 Oct
VTI United States 23.53
Fair
Fair
Expensive
 23.12 20.58 17.06
+0.15 σ
+0.98 σ
+2.06 σ
 +4.05% 23 Oct
INDA India 21.78
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.99 σ
+0.32 σ
+1.23 σ
 -5.82% 23 Oct
EWA Australia 20.95
Overvalued
Expensive
Expensive
 17.72 16.86 15.06
+1.20 σ
+2.06 σ
+3.17 σ
 +1.05% 23 Oct
EWC Canada 19.71
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.16 σ
+2.23 σ
+3.81 σ
 +4.36% 23 Oct
EWS Singapore 18.48
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.50 σ
+4.13 σ
+4.92 σ
 +2.65% 23 Oct
EWN Netherlands 18.16
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.49 σ
+0.45 σ
+1.43 σ
 -1.79% 23 Oct
EWG Germany 17.76
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.24 σ
+2.08 σ
+3.46 σ
 -3.18% 23 Oct
EWQ France 17.06
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.20 σ
+0.75 σ
+1.58 σ
 -8.31% 23 Oct
EIS Israel 16.97
Overvalued
Expensive
Expensive
 12.29 11.63 11.00
+1.92 σ
+3.63 σ
+3.82 σ
 -2.72% 23 Oct
EWU United Kingdom 16.96
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.94 σ
+1.76 σ
+2.56 σ
 +1.31% 23 Oct
EDEN Denmark 16.75
Fair
Fair
Fair
 15.79 17.93 16.60
+0.48 σ
-0.44 σ
+0.08 σ
 +0.87% 23 Oct
EIRL Ireland 15.96
Overvalued
Fair
Fair
 14.51 15.52 16.24
+1.70 σ
+0.24 σ
-0.12 σ
 +3.43% 23 Oct
EWP Spain 15.83
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.30 σ
+2.57 σ
+2.61 σ
 -0.72% 23 Oct
EWK Belgium 15.00
Fair
Fair
Fair
 15.88 16.76 15.10
-0.35 σ
-0.93 σ
-0.04 σ
 -0.11% 23 Oct
EWJ Japan 14.76
Fair
Fair
Fair
 15.04 14.64 14.45
-0.16 σ
+0.08 σ
+0.20 σ
 +2.80% 23 Oct
EWD Sweden 14.72
Fair
Fair
Fair
 15.96 16.22 14.98
-0.61 σ
-0.96 σ
-0.16 σ
 -2.14% 23 Oct
THD Thailand 14.51
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.23 σ
-1.41 σ
-0.65 σ
 +0.54% 23 Oct
EWI Italy 14.14
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.76 σ
+1.62 σ
+1.79 σ
 -5.42% 23 Oct
VNM Vietnam 14.02
Fair
Undervalued
-
 14.89 16.92 -
-0.46 σ
-1.08 σ
-
 -4.72% 23 Oct
NORW Norway 13.80
Overvalued
Fair
Overvalued
 10.76 12.67 11.69
+1.61 σ
+0.60 σ
+1.26 σ
 +4.16% 23 Oct
ARGT Argentina 13.74
Fair
Fair
Overvalued
 13.20 12.87 10.85
+0.25 σ
+0.61 σ
+1.13 σ
 -5.65% 23 Oct
EWO Austria 13.35
Overvalued
Overvalued
Expensive
 8.74 9.80 9.97
+1.78 σ
+1.79 σ
+2.07 σ
 -3.45% 23 Oct
EPOL Poland 13.24
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.50 σ
+1.49 σ
+1.41 σ
 +8.27% 23 Oct
EWH Hong Kong 12.95
Undervalued
Cheap
Cheap
 15.44 15.44 15.27
-2.00 σ
-2.37 σ
-2.17 σ
 -4.55% 23 Oct
EWM Malaysia 12.85
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.93 σ
-2.64 σ
-2.46 σ
 -5.97% 23 Oct
EWW Mexico 12.80
Fair
Fair
Fair
 12.35 13.41 14.25
+0.62 σ
-0.48 σ
-0.83 σ
 -1.08% 23 Oct
GREK Greece 11.92
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.49 σ
+0.31 σ
+0.48 σ
 +2.88% 23 Oct
ECH Chile 11.80
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.76 σ
-0.46 σ
-1.46 σ
 -11.93% 23 Oct
EWZ Brazil 10.73
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.48 σ
+0.35 σ
+0.41 σ
 +14.53% 23 Oct
TUR Turkey 10.58
Overvalued
Expensive
Overvalued
 7.26 6.60 7.99
+1.05 σ
+2.51 σ
+1.55 σ
 -21.58% 23 Oct
EZA South Africa 10.52
Fair
Fair
Fair
 10.68 11.80 11.88
-0.09 σ
-0.65 σ
-0.79 σ
 -8.17% 23 Oct
COLO Colombia 10.29
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.82 σ
+0.39 σ
-0.70 σ
 +13.83% 23 Oct
QAT Qatar 9.98
Undervalued
Cheap
-
 12.20 13.29 -
-1.60 σ
-2.40 σ
-
 -16.85% 23 Oct
FXI China 8.93
Undervalued
Undervalued
Undervalued
 9.82 11.08 10.94
-1.16 σ
-1.54 σ
-1.19 σ
 -9.87% 23 Oct
EPU Perù 8.52
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.86 σ
-2.85 σ
-2.76 σ
 -2.19% 23 Oct
EWY South Korea 8.34
Undervalued
Undervalued
Undervalued
 10.84 10.40 9.98
-1.32 σ
-1.56 σ
-1.60 σ
 -6.29% 23 Oct
EIDO Indonesia 8.00
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-3.87 σ
-3.81 σ
-4.64 σ
 -25.36% 23 Oct
EPHE Philippines 7.66
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.86 σ
-2.40 σ
-3.23 σ
 -9.60% 23 Oct
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).