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 28.06
Expensive
Expensive
Expensive
 16.46 15.36 14.24
+4.11 σ
+6.59 σ
+7.63 σ
 +28.72% 07 Aug
VTI United States 27.28
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.59 σ
+2.28 σ
+3.36 σ
 +10.14% 07 Aug
ENZL New Zealand 26.82
Fair
Fair
Fair
 26.88 27.50 21.60
-0.02 σ
-0.17 σ
+0.95 σ
 +4.23% 07 Aug
EWL Switzerland 25.92
Expensive
Expensive
Expensive
 20.13 18.57 16.02
+2.28 σ
+3.67 σ
+4.23 σ
 +6.35% 07 Aug
INDA India 22.87
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.20 σ
+0.81 σ
+1.63 σ
 -1.05% 07 Aug
EWA Australia 21.41
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.46 σ
+2.40 σ
+3.56 σ
 +8.46% 07 Aug
EWN Netherlands 20.71
Overvalued
Overvalued
Expensive
 17.47 17.18 14.52
+1.93 σ
+1.80 σ
+2.51 σ
 +11.05% 07 Aug
EWC Canada 20.49
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.54 σ
+2.79 σ
+4.61 σ
 +9.71% 07 Aug
EWJ Japan 19.08
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.68 σ
+3.01 σ
+2.91 σ
 +10.52% 07 Aug
EWS Singapore 19.05
Expensive
Expensive
Expensive
 13.92 13.47 13.43
+3.09 σ
+4.92 σ
+5.64 σ
 +15.01% 07 Aug
EWQ France 18.35
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.85 σ
+1.51 σ
+2.21 σ
 +5.99% 07 Aug
EWG Germany 17.90
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.39 σ
+2.32 σ
+3.71 σ
 +4.95% 07 Aug
EWH Hong Kong 17.86
Overvalued
Expensive
Expensive
 15.48 15.44 15.28
+2.00 σ
+2.39 σ
+2.46 σ
 +0.39% 07 Aug
EIS Israel 17.34
Expensive
Expensive
Expensive
 12.11 11.54 10.99
+2.34 σ
+4.12 σ
+4.11 σ
 +4.04% 07 Aug
EIRL Ireland 17.32
Expensive
Fair
Fair
 14.57 15.53 16.21
+2.85 σ
+0.96 σ
+0.47 σ
 +12.18% 07 Aug
EDEN Denmark 16.52
Fair
Fair
Fair
 15.95 17.97 16.58
+0.26 σ
-0.54 σ
-0.03 σ
 +2.66% 07 Aug
EWP Spain 16.04
Expensive
Expensive
Expensive
 11.30 12.03 11.62
+3.72 σ
+2.87 σ
+2.80 σ
 +12.82% 07 Aug
EWY South Korea 15.86
Expensive
Expensive
Expensive
 10.71 10.36 9.97
+3.13 σ
+4.30 σ
+5.81 σ
 +19.40% 07 Aug
ARGT Argentina 15.83
Overvalued
Expensive
Overvalued
 13.09 12.79 10.86
+1.27 σ
+2.17 σ
+1.91 σ
 +1.15% 07 Aug
EWK Belgium 15.74
Fair
Fair
Fair
 16.04 16.85 15.06
-0.11 σ
-0.58 σ
+0.26 σ
 +6.50% 07 Aug
EWU United Kingdom 15.72
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.60 σ
+1.14 σ
+1.92 σ
 +6.50% 07 Aug
EWI Italy 15.30
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.52 σ
+2.44 σ
+2.54 σ
 +12.65% 07 Aug
TUR Turkey 14.70
Expensive
Expensive
Expensive
 6.92 6.52 7.98
+2.64 σ
+5.89 σ
+4.07 σ
 +0.98% 07 Aug
EPOL Poland 14.67
Expensive
Expensive
Expensive
 10.11 11.08 11.47
+2.23 σ
+2.56 σ
+2.60 σ
 +17.97% 07 Aug
EWD Sweden 14.66
Fair
Undervalued
Fair
 16.13 16.24 14.96
-0.71 σ
-1.02 σ
-0.19 σ
 +6.07% 07 Aug
THD Thailand 14.43
Undervalued
Undervalued
Fair
 16.94 17.25 15.96
-1.36 σ
-1.50 σ
-0.66 σ
 +9.79% 07 Aug
VNM Vietnam 14.35
Fair
Fair
-
 15.09 16.87 -
-0.36 σ
-0.92 σ
-
 -4.23% 07 Aug
EPU Perù 14.04
Fair
Fair
Overvalued
 12.23 12.88 12.38
+0.88 σ
+0.78 σ
+1.17 σ
 +14.18% 07 Aug
EWM Malaysia 13.49
Undervalued
Undervalued
Undervalued
 14.44 15.06 14.74
-1.18 σ
-1.99 σ
-1.63 σ
 +0.31% 07 Aug
EWO Austria 13.23
Overvalued
Overvalued
Expensive
 8.61 9.74 9.96
+1.89 σ
+1.81 σ
+2.02 σ
 +17.35% 07 Aug
NORW Norway 12.75
Overvalued
Fair
Fair
 10.79 12.68 11.66
+1.01 σ
+0.04 σ
+0.65 σ
 +4.19% 07 Aug
ECH Chile 12.38
Fair
Fair
Undervalued
 10.07 13.12 14.51
+0.98 σ
-0.27 σ
-1.17 σ
 +2.00% 07 Aug
EWW Mexico 12.25
Fair
Fair
Undervalued
 12.43 13.50 14.27
-0.23 σ
-0.95 σ
-1.17 σ
 +4.27% 07 Aug
EWZ Brazil 11.52
Expensive
Fair
Fair
 8.16 10.08 10.11
+2.18 σ
+0.74 σ
+0.97 σ
 -0.67% 07 Aug
GREK Greece 11.23
Overvalued
Fair
Fair
 9.34 11.33 10.91
+1.06 σ
-0.05 σ
+0.15 σ
 +16.41% 07 Aug
QAT Qatar 11.07
Fair
Undervalued
-
 12.43 13.34 -
-0.86 σ
-1.69 σ
-
 -5.86% 07 Aug
COLO Colombia 11.01
Expensive
Fair
Fair
 7.24 9.44 12.29
+2.40 σ
+0.72 σ
-0.46 σ
 +18.11% 07 Aug
FXI China 9.89
Fair
Fair
Fair
 9.91 11.13 10.97
-0.03 σ
-0.90 σ
-0.64 σ
 -2.74% 07 Aug
EIDO Indonesia 9.76
Cheap
Cheap
Cheap
 12.48 13.96 13.66
-2.39 σ
-2.77 σ
-3.22 σ
 -18.96% 07 Aug
EZA South Africa 9.05
Fair
Undervalued
Undervalued
 10.70 11.92 11.90
-0.91 σ
-1.47 σ
-1.66 σ
 +1.54% 07 Aug
EPHE Philippines 8.65
Undervalued
Cheap
Cheap
 11.90 14.49 15.15
-1.43 σ
-2.13 σ
-2.87 σ
 +3.05% 07 Aug
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).