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 29.46
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.58 σ
+0.53 σ
+1.49 σ
 -3.68% 12:51 PM
VTI United States 26.89
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.76 σ
+2.47 σ
+3.56 σ
 +0.11% 01:00 PM
EWT Taiwan 23.77
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.34 σ
+4.91 σ
+5.80 σ
 +12.36% 01:00 PM
EWL Switzerland 22.80
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.34 σ
+2.56 σ
+3.17 σ
 +0.42% 01:00 PM
EWA Australia 22.30
Expensive
Expensive
Expensive
 17.19 16.53 14.85
+2.10 σ
+3.29 σ
+4.51 σ
 +4.22% 12:59 PM
EWY South Korea 21.12
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+9.29 σ
+10.04 σ
+11.80 σ
 +41.86% 01:00 PM
EWH Hong Kong 19.84
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.79 σ
+4.91 σ
+4.59 σ
 +3.64% 01:00 PM
EWC Canada 19.58
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.51 σ
+2.75 σ
+4.27 σ
 +6.27% 01:00 PM
EWQ France 19.47
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.50 σ
+2.36 σ
+2.94 σ
 -3.07% 12:59 PM
EWJ Japan 19.06
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+2.95 σ
+3.37 σ
+2.93 σ
 +2.89% 01:00 PM
EWU United Kingdom 19.06
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.04 σ
+3.21 σ
+4.13 σ
 +3.90% 01:00 PM
EWK Belgium 18.76
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.97 σ
+0.95 σ
+1.48 σ
 -0.63% 12:45 PM
EWN Netherlands 18.47
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.22 σ
+0.78 σ
+1.73 σ
 +1.16% 12:59 PM
EWG Germany 17.77
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.61 σ
+2.71 σ
+3.98 σ
 -6.18% 01:00 PM
EWD Sweden 17.41
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.41 σ
+0.81 σ
+1.60 σ
 -0.23% 12:51 PM
EIS Israel 17.31
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.78 σ
+4.62 σ
+4.15 σ
 +16.56% 01:00 PM
ARGT Argentina 16.81
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.13 σ
+3.27 σ
+2.45 σ
 +2.63% 01:00 PM
EWS Singapore 16.71
Expensive
Expensive
Expensive
 13.69 13.28 13.39
+2.09 σ
+3.31 σ
+3.50 σ
 +0.51% 01:00 PM
EPU Perù 16.31
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.17 σ
+2.41 σ
+2.78 σ
 +19.06% 12:58 PM
EWM Malaysia 16.07
Expensive
Overvalued
Overvalued
 14.36 15.09 14.71
+2.19 σ
+1.29 σ
+1.72 σ
 +11.61% 12:57 PM
EZA South Africa 15.84
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+3.02 σ
+1.89 σ
+2.35 σ
 +0.09% 12:59 PM
EWP Spain 15.60
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.47 σ
+2.97 σ
+2.67 σ
 +5.75% 01:00 PM
THD Thailand 15.23
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.03 σ
-1.13 σ
-0.25 σ
 +12.08% 12:52 PM
NORW Norway 15.21
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.29 σ
+1.39 σ
+2.25 σ
 +16.50% 12:59 PM
EDEN Denmark 15.16
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.49 σ
-1.12 σ
-0.76 σ
 -10.78% 12:30 PM
EWO Austria 15.08
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.45 σ
+2.98 σ
+3.19 σ
 +5.79% 12:40 PM
VNM Vietnam 15.04
Fair
Fair
-
 15.52 16.63 -
-0.19 σ
-0.53 σ
-
 -5.16% 01:00 PM
ECH Chile 14.65
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.83 σ
+0.53 σ
+0.04 σ
 +6.83% 01:00 PM
EIRL Ireland 14.51
Fair
Fair
Fair
 15.09 15.59 16.16
-0.30 σ
-0.58 σ
-0.68 σ
 -2.28% 12:51 PM
EWW Mexico 14.48
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.16 σ
+0.54 σ
+0.12 σ
 +5.32% 01:00 PM
TUR Turkey 14.19
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.19 σ
+6.38 σ
+3.86 σ
 +10.80% 12:58 PM
EWZ Brazil 13.54
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.40 σ
+1.86 σ
+2.45 σ
 +16.38% 01:00 PM
EWI Italy 13.41
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.58 σ
+1.33 σ
+1.42 σ
 -0.06% 01:00 PM
EPOL Poland 13.40
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.56 σ
+1.72 σ
+1.59 σ
 +3.91% 01:00 PM
INDA India 12.46
Cheap
Cheap
Undervalued
 23.10 20.73 18.02
-8.62 σ
-3.38 σ
-1.96 σ
 -10.24% 01:00 PM
QAT Qatar 12.15
Fair
Fair
-
 13.01 13.38 -
-0.43 σ
-0.95 σ
-
 -2.67% 12:49 PM
GREK Greece 11.94
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.27 σ
+0.30 σ
+0.44 σ
 -0.95% 01:00 PM
EIDO Indonesia 11.87
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.79 σ
-1.61 σ
-1.48 σ
 -13.86% 01:00 PM
COLO Colombia 11.57
Expensive
Fair
Fair
 7.21 9.46 12.41
+2.86 σ
+0.95 σ
-0.29 σ
 +9.18% 12:50 PM
EPHE Philippines 10.19
Fair
Undervalued
Cheap
 12.63 14.92 15.20
-0.98 σ
-1.82 σ
-2.30 σ
 -3.42% 12:58 PM
FXI China 10.17
Fair
Fair
Fair
 10.21 11.17 11.02
-0.04 σ
-0.74 σ
-0.51 σ
 -8.42% 01:00 PM
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).