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 27.16
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.02 σ
-0.05 σ
+1.06 σ
 -4.13% 23 Apr
VTI United States 24.99
Fair
Overvalued
Expensive
 22.65 20.07 16.76
+0.93 σ
+1.73 σ
+2.84 σ
 +6.21% 23 Apr
EWT Taiwan 22.98
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+2.89 σ
+4.37 σ
+5.23 σ
 +27.36% 23 Apr
EWL Switzerland 22.44
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.11 σ
+2.27 σ
+2.95 σ
 +5.38% 23 Apr
INDA India 21.35
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.34 σ
+0.25 σ
+1.17 σ
 -5.92% 23 Apr
EWA Australia 20.13
Overvalued
Overvalued
Expensive
 17.27 16.59 14.88
+1.15 σ
+1.98 σ
+3.12 σ
 +7.32% 23 Apr
EWC Canada 19.30
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.33 σ
+2.45 σ
+3.97 σ
 +10.72% 23 Apr
EWK Belgium 17.71
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.58 σ
+0.42 σ
+1.06 σ
 +5.17% 23 Apr
EWH Hong Kong 17.59
Overvalued
Expensive
Expensive
 15.46 15.32 15.24
+1.85 σ
+2.42 σ
+2.32 σ
 +5.30% 23 Apr
EWU United Kingdom 17.55
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.41 σ
+2.30 σ
+3.16 σ
 +7.23% 23 Apr
EIS Israel 17.52
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.84 σ
+4.68 σ
+4.28 σ
 +18.45% 23 Apr
EWN Netherlands 17.50
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.13 σ
+0.26 σ
+1.30 σ
 +7.46% 23 Apr
EWQ France 17.48
Fair
Overvalued
Overvalued
 16.58 15.49 13.42
+0.46 σ
+1.15 σ
+1.94 σ
 +1.81% 23 Apr
EWY South Korea 17.35
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+5.95 σ
+6.35 σ
+7.71 σ
 +49.49% 23 Apr
EWD Sweden 17.25
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.37 σ
+0.69 σ
+1.48 σ
 +7.49% 23 Apr
NORW Norway 17.23
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.34 σ
+2.48 σ
+3.47 σ
 +20.55% 23 Apr
EWG Germany 16.87
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.16 σ
+2.01 σ
+3.25 σ
 +0.17% 23 Apr
EWJ Japan 16.86
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.41 σ
+1.75 σ
+1.54 σ
 +5.39% 23 Apr
VNM Vietnam 15.83
Fair
Fair
-
 15.43 16.68 -
+0.17 σ
-0.29 σ
-
 +6.91% 23 Apr
TUR Turkey 15.77
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.47 σ
+7.53 σ
+4.84 σ
 +16.49% 23 Apr
EWS Singapore 15.76
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.35 σ
+2.33 σ
+2.48 σ
 +2.25% 23 Apr
ARGT Argentina 15.54
Overvalued
Expensive
Overvalued
 12.77 12.57 10.71
+1.36 σ
+2.20 σ
+1.90 σ
 +6.03% 23 Apr
EWM Malaysia 15.31
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.15 σ
+0.29 σ
+0.75 σ
 +8.68% 23 Apr
THD Thailand 15.09
Undervalued
Undervalued
Fair
 17.35 17.45 15.87
-1.07 σ
-1.18 σ
-0.32 σ
 +10.57% 23 Apr
EDEN Denmark 14.97
Fair
Undervalued
Fair
 16.46 18.10 16.56
-0.53 σ
-1.18 σ
-0.86 σ
 -3.25% 23 Apr
EWO Austria 14.28
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+2.94 σ
+2.51 σ
+2.70 σ
 +14.48% 23 Apr
EPU Perù 14.23
Overvalued
Fair
Overvalued
 12.12 12.86 12.31
+1.05 σ
+0.93 σ
+1.33 σ
 +18.28% 23 Apr
EWP Spain 14.15
Expensive
Overvalued
Overvalued
 11.29 11.92 11.57
+2.30 σ
+1.74 σ
+1.70 σ
 +8.31% 23 Apr
EWW Mexico 13.87
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.49 σ
+0.15 σ
-0.23 σ
 +11.87% 23 Apr
ECH Chile 13.56
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.39 σ
+0.14 σ
-0.55 σ
 +12.43% 23 Apr
EWI Italy 13.34
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.54 σ
+1.26 σ
+1.37 σ
 +7.29% 23 Apr
EIRL Ireland 13.11
Undervalued
Undervalued
Undervalued
 14.97 15.57 16.17
-1.07 σ
-1.32 σ
-1.26 σ
 +1.60% 23 Apr
EWZ Brazil 12.86
Expensive
Overvalued
Overvalued
 7.99 10.04 10.02
+3.73 σ
+1.47 σ
+1.96 σ
 +21.72% 23 Apr
EPOL Poland 12.07
Fair
Fair
Fair
 10.16 11.05 11.46
+0.91 σ
+0.73 σ
+0.49 σ
 +11.65% 23 Apr
COLO Colombia 11.62
Expensive
Fair
Fair
 7.21 9.46 12.38
+2.90 σ
+0.97 σ
-0.27 σ
 +13.00% 23 Apr
EIDO Indonesia 11.33
Undervalued
Undervalued
Undervalued
 12.83 14.14 13.67
-1.20 σ
-1.95 σ
-1.94 σ
 -11.21% 23 Apr
QAT Qatar 10.94
Undervalued
Undervalued
-
 12.91 13.39 -
-1.01 σ
-1.89 σ
-
 -1.14% 23 Apr
GREK Greece 10.01
Fair
Fair
Fair
 9.45 11.36 10.96
+0.29 σ
-0.69 σ
-0.43 σ
 +5.36% 23 Apr
FXI China 9.83
Fair
Undervalued
Fair
 10.16 11.17 11.02
-0.31 σ
-1.01 σ
-0.70 σ
 -5.65% 23 Apr
EZA South Africa 9.46
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.72 σ
-1.36 σ
-1.46 σ
 +4.83% 23 Apr
EPHE Philippines 8.68
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.56 σ
-2.34 σ
-2.96 σ
 -3.20% 23 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).