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
Swipe left to see all data
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)
EWL Switzerland 26.16
Expensive
Expensive
Expensive
 20.31 18.70 16.10
+2.24 σ
+3.56 σ
+4.17 σ
 +4.19% 30 Oct
ENZL New Zealand 25.68
Fair
Fair
Fair
 26.77 27.54 21.73
-0.28 σ
-0.47 σ
+0.73 σ
 -1.77% 30 Oct
EWT Taiwan 25.11
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+2.67 σ
+4.72 σ
+5.75 σ
 +8.33% 30 Oct
VTI United States 23.44
Fair
Fair
Expensive
 23.12 20.58 17.06
+0.12 σ
+0.95 σ
+2.03 σ
 +3.40% 30 Oct
INDA India 22.37
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.53 σ
+0.57 σ
+1.43 σ
 -2.95% 30 Oct
EWA Australia 21.25
Overvalued
Expensive
Expensive
 17.72 16.86 15.06
+1.31 σ
+2.21 σ
+3.33 σ
 +2.23% 30 Oct
EWC Canada 19.69
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.15 σ
+2.22 σ
+3.80 σ
 +3.97% 30 Oct
EWN Netherlands 18.32
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.60 σ
+0.53 σ
+1.49 σ
 -1.10% 30 Oct
EWS Singapore 18.21
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.35 σ
+3.91 σ
+4.66 σ
 +0.94% 30 Oct
EWG Germany 18.16
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.40 σ
+2.31 σ
+3.73 σ
 -0.85% 30 Oct
EWQ France 17.42
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.37 σ
+0.95 σ
+1.74 σ
 -6.17% 30 Oct
EDEN Denmark 17.22
Fair
Fair
Fair
 15.79 17.93 16.60
+0.72 σ
-0.26 σ
+0.35 σ
 +3.88% 30 Oct
EWU United Kingdom 17.07
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.97 σ
+1.81 σ
+2.63 σ
 +1.83% 30 Oct
EIS Israel 16.32
Overvalued
Expensive
Expensive
 12.29 11.63 11.00
+1.66 σ
+3.19 σ
+3.40 σ
 -6.46% 30 Oct
EIRL Ireland 16.26
Expensive
Fair
Fair
 14.51 15.52 16.24
+2.06 σ
+0.40 σ
+0.01 σ
 +5.13% 30 Oct
EWP Spain 15.51
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.07 σ
+2.35 σ
+2.41 σ
 -2.81% 30 Oct
EWD Sweden 15.24
Fair
Fair
Fair
 15.96 16.22 14.98
-0.35 σ
-0.63 σ
+0.17 σ
 +1.26% 30 Oct
EWK Belgium 15.01
Fair
Fair
Fair
 15.88 16.76 15.10
-0.35 σ
-0.92 σ
-0.04 σ
 -0.15% 30 Oct
EWJ Japan 14.58
Fair
Fair
Fair
 15.04 14.64 14.45
-0.27 σ
-0.04 σ
+0.08 σ
 +1.22% 30 Oct
EWI Italy 14.37
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.88 σ
+1.76 σ
+1.93 σ
 -3.92% 30 Oct
NORW Norway 14.15
Overvalued
Fair
Overvalued
 10.76 12.67 11.69
+1.80 σ
+0.79 σ
+1.47 σ
 +6.25% 30 Oct
THD Thailand 14.02
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.51 σ
-1.67 σ
-0.86 σ
 -3.26% 30 Oct
EWO Austria 13.62
Overvalued
Overvalued
Expensive
 8.74 9.80 9.97
+1.89 σ
+1.93 σ
+2.24 σ
 -1.65% 30 Oct
VNM Vietnam 13.61
Fair
Undervalued
-
 14.89 16.92 -
-0.67 σ
-1.24 σ
-
 -7.16% 30 Oct
EWH Hong Kong 13.42
Undervalued
Undervalued
Undervalued
 15.44 15.44 15.27
-1.62 σ
-1.92 σ
-1.73 σ
 -1.05% 30 Oct
EPOL Poland 13.21
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.48 σ
+1.47 σ
+1.38 σ
 +7.49% 30 Oct
EWM Malaysia 12.95
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.81 σ
-2.53 σ
-2.35 σ
 -5.21% 30 Oct
EWW Mexico 12.67
Fair
Fair
Fair
 12.35 13.41 14.25
+0.44 σ
-0.59 σ
-0.91 σ
 -2.22% 30 Oct
ARGT Argentina 12.50
Fair
Fair
Fair
 13.20 12.87 10.85
-0.32 σ
-0.26 σ
+0.64 σ
 -13.93% 30 Oct
GREK Greece 12.23
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.66 σ
+0.47 σ
+0.62 σ
 +5.13% 30 Oct
ECH Chile 11.38
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.58 σ
-0.61 σ
-1.69 σ
 -14.62% 30 Oct
QAT Qatar 10.63
Undervalued
Undervalued
-
 12.20 13.29 -
-1.13 σ
-1.93 σ
-
 -11.05% 30 Oct
EZA South Africa 10.29
Fair
Fair
Fair
 10.68 11.80 11.88
-0.21 σ
-0.77 σ
-0.92 σ
 -9.87% 30 Oct
TUR Turkey 10.17
Fair
Expensive
Overvalued
 7.26 6.60 7.99
+0.92 σ
+2.25 σ
+1.30 σ
 -24.29% 30 Oct
COLO Colombia 9.94
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.61 σ
+0.24 σ
-0.83 σ
 +9.39% 30 Oct
FXI China 9.14
Fair
Undervalued
Undervalued
 9.82 11.08 10.94
-0.89 σ
-1.39 σ
-1.06 σ
 -7.25% 30 Oct
EWY South Korea 8.43
Undervalued
Undervalued
Undervalued
 10.84 10.40 9.98
-1.28 σ
-1.49 σ
-1.51 σ
 -6.01% 30 Oct
EWZ Brazil 8.18
Fair
Fair
Undervalued
 8.29 10.06 10.14
-0.07 σ
-0.98 σ
-1.37 σ
 -12.74% 30 Oct
EPU Perù 8.11
Cheap
Cheap
Cheap
 12.32 12.86 12.41
-2.06 σ
-3.12 σ
-3.05 σ
 -6.96% 30 Oct
EPHE Philippines 7.58
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.90 σ
-2.43 σ
-3.27 σ
 -10.22% 30 Oct
EIDO Indonesia 7.52
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-4.30 σ
-4.13 σ
-5.04 σ
 -28.77% 30 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).