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 28.68
Expensive
Expensive
Expensive
 22.65 20.07 16.76
+2.39 σ
+3.02 σ
+4.11 σ
 +5.42% 16 Apr
ENZL New Zealand 27.78
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.18 σ
+0.10 σ
+1.17 σ
 -2.02% 16 Apr
EWL Switzerland 22.42
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.10 σ
+2.26 σ
+2.94 σ
 +5.60% 16 Apr
EWT Taiwan 22.19
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+2.56 σ
+3.94 σ
+4.76 σ
 +24.21% 16 Apr
INDA India 21.61
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.14 σ
+0.36 σ
+1.26 σ
 -5.04% 16 Apr
EWA Australia 20.58
Overvalued
Expensive
Expensive
 17.27 16.59 14.88
+1.33 σ
+2.23 σ
+3.39 σ
 +10.08% 16 Apr
EWC Canada 19.35
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.35 σ
+2.48 σ
+4.01 σ
 +11.65% 16 Apr
EWK Belgium 18.23
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.78 σ
+0.68 σ
+1.26 σ
 +8.71% 16 Apr
EWU United Kingdom 17.94
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.54 σ
+2.52 σ
+3.40 σ
 +10.10% 16 Apr
EWQ France 17.81
Fair
Overvalued
Expensive
 16.58 15.49 13.42
+0.63 σ
+1.34 σ
+2.10 σ
 +3.91% 16 Apr
EWN Netherlands 17.74
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.03 σ
+0.38 σ
+1.40 σ
 +9.36% 16 Apr
EWH Hong Kong 17.69
Overvalued
Expensive
Expensive
 15.46 15.32 15.24
+1.93 σ
+2.53 σ
+2.42 σ
 +6.30% 16 Apr
EWD Sweden 17.50
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.48 σ
+0.85 σ
+1.64 σ
 +9.50% 16 Apr
NORW Norway 17.37
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.41 σ
+2.55 σ
+3.55 σ
 +22.29% 16 Apr
EIS Israel 17.37
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.76 σ
+4.56 σ
+4.18 σ
 +18.30% 16 Apr
EWJ Japan 17.31
Overvalued
Expensive
Overvalued
 14.84 14.34 14.43
+1.73 σ
+2.07 σ
+1.82 σ
 +8.69% 16 Apr
EWG Germany 17.05
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.24 σ
+2.13 σ
+3.38 σ
 +1.23% 16 Apr
EWY South Korea 16.99
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+5.64 σ
+6.03 σ
+7.34 σ
 +49.34% 16 Apr
ARGT Argentina 16.00
Overvalued
Expensive
Expensive
 12.77 12.57 10.71
+1.58 σ
+2.54 σ
+2.08 σ
 +9.43% 16 Apr
EWS Singapore 15.98
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.50 σ
+2.54 σ
+2.71 σ
 +4.00% 16 Apr
TUR Turkey 15.81
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.49 σ
+7.57 σ
+4.86 σ
 +17.63% 16 Apr
THD Thailand 15.60
Fair
Fair
Fair
 17.35 17.45 15.87
-0.83 σ
-0.93 σ
-0.11 σ
 +15.19% 16 Apr
EDEN Denmark 15.57
Fair
Fair
Fair
 16.46 18.10 16.56
-0.32 σ
-0.95 σ
-0.54 σ
 +0.49% 16 Apr
VNM Vietnam 15.48
Fair
Fair
-
 15.43 16.68 -
+0.02 σ
-0.41 σ
-
 +5.25% 16 Apr
EWM Malaysia 15.08
Fair
Fair
Fair
 14.40 15.09 14.72
+0.86 σ
-0.01 σ
+0.46 σ
 +7.53% 16 Apr
EPU Perù 14.80
Overvalued
Overvalued
Overvalued
 12.12 12.86 12.31
+1.33 σ
+1.31 σ
+1.73 σ
 +24.50% 16 Apr
EWO Austria 14.58
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.09 σ
+2.68 σ
+2.88 σ
 +17.73% 16 Apr
EWP Spain 14.54
Expensive
Expensive
Overvalued
 11.29 11.92 11.57
+2.61 σ
+2.05 σ
+1.95 σ
 +11.98% 16 Apr
ECH Chile 14.28
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.68 σ
+0.40 σ
-0.15 σ
 +19.33% 16 Apr
EWW Mexico 14.12
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.77 σ
+0.32 σ
-0.09 σ
 +14.61% 16 Apr
EWI Italy 13.61
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.69 σ
+1.44 σ
+1.54 σ
 +9.92% 16 Apr
EIRL Ireland 13.41
Fair
Undervalued
Undervalued
 14.97 15.57 16.17
-0.89 σ
-1.16 σ
-1.14 σ
 +4.13% 16 Apr
EWZ Brazil 13.30
Expensive
Overvalued
Expensive
 7.99 10.04 10.02
+4.06 σ
+1.71 σ
+2.26 σ
 +27.06% 16 Apr
EPOL Poland 12.43
Overvalued
Fair
Fair
 10.16 11.05 11.46
+1.09 σ
+1.00 σ
+0.79 σ
 +15.63% 16 Apr
COLO Colombia 11.79
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+3.01 σ
+1.05 σ
-0.21 σ
 +15.56% 16 Apr
EIDO Indonesia 11.68
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.92 σ
-1.71 σ
-1.66 σ
 -8.67% 16 Apr
QAT Qatar 11.04
Fair
Undervalued
-
 12.91 13.39 -
-0.96 σ
-1.81 σ
-
 -0.13% 16 Apr
GREK Greece 10.27
Fair
Fair
Fair
 9.45 11.36 10.96
+0.43 σ
-0.56 σ
-0.32 σ
 +8.54% 16 Apr
FXI China 10.03
Fair
Fair
Fair
 10.16 11.17 11.02
-0.12 σ
-0.86 σ
-0.59 σ
 -3.70% 16 Apr
EZA South Africa 9.87
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.49 σ
-1.16 σ
-1.22 σ
 +10.10% 16 Apr
EPHE Philippines 8.85
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.48 σ
-2.27 σ
-2.88 σ
 -1.38% 16 Apr
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).