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 29.87
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+4.47 σ
+7.33 σ
+8.48 σ
 +31.44% 09:30 AM
ENZL New Zealand 26.86
Fair
Fair
Fair
 26.84 27.52 21.67
+0.01 σ
-0.17 σ
+0.95 σ
 +3.95% 09:30 AM
EWL Switzerland 25.13
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.89 σ
+3.16 σ
+3.82 σ
 +2.04% 09:30 AM
VTI United States 24.51
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.53 σ
+1.32 σ
+2.41 σ
 +7.03% 09:30 AM
INDA India 22.51
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.47 σ
+0.64 σ
+1.49 σ
 -1.84% 09:30 AM
EWA Australia 20.90
Overvalued
Expensive
Expensive
 17.66 16.83 15.03
+1.20 σ
+2.07 σ
+3.21 σ
 +4.88% 09:30 AM
EWC Canada 20.26
Overvalued
Expensive
Expensive
 16.37 15.50 14.52
+1.38 σ
+2.57 σ
+4.32 σ
 +6.63% 09:30 AM
EWN Netherlands 20.16
Overvalued
Overvalued
Expensive
 17.44 17.24 14.56
+1.67 σ
+1.48 σ
+2.25 σ
 +6.51% 09:30 AM
EWS Singapore 19.32
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+3.11 σ
+4.99 σ
+5.82 σ
 +14.83% 09:30 AM
EWJ Japan 18.75
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.33 σ
+2.71 σ
+2.69 σ
 +7.26% 09:30 AM
EWH Hong Kong 17.73
Overvalued
Expensive
Expensive
 15.51 15.46 15.28
+1.81 σ
+2.19 σ
+2.31 σ
 -0.65% 09:30 AM
EWG Germany 17.66
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.24 σ
+2.09 σ
+3.47 σ
 +2.96% 09:30 AM
EWQ France 17.41
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.37 σ
+0.96 σ
+1.75 σ
 +0.10% 09:30 AM
EIS Israel 17.00
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.06 σ
+3.76 σ
+3.86 σ
 +0.55% 09:30 AM
EDEN Denmark 16.87
Fair
Fair
Fair
 15.88 17.96 16.59
+0.47 σ
-0.41 σ
+0.15 σ
 +4.21% 09:30 AM
EWY South Korea 16.79
Expensive
Expensive
Expensive
 10.85 10.40 9.99
+3.15 σ
+4.84 σ
+6.62 σ
 +20.33% 09:30 AM
ARGT Argentina 16.26
Overvalued
Expensive
Expensive
 13.17 12.84 10.86
+1.41 σ
+2.39 σ
+2.08 σ
 +3.33% 09:30 AM
EIRL Ireland 16.01
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.59 σ
+0.26 σ
-0.09 σ
 +10.15% 09:30 AM
EWK Belgium 15.86
Fair
Fair
Fair
 15.96 16.82 15.08
-0.04 σ
-0.50 σ
+0.30 σ
 +6.08% 09:30 AM
EWP Spain 15.76
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.41 σ
+2.59 σ
+2.59 σ
 +8.82% 09:30 AM
EWU United Kingdom 15.57
Fair
Overvalued
Overvalued
 13.85 13.50 12.44
+0.54 σ
+1.06 σ
+1.81 σ
 +4.40% 09:30 AM
TUR Turkey 15.10
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.57 σ
+5.70 σ
+4.28 σ
 +2.29% 09:30 AM
VNM Vietnam 14.90
Fair
Fair
-
 15.01 16.91 -
-0.05 σ
-0.75 σ
-
 -0.58% 09:30 AM
EWI Italy 14.78
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.16 σ
+2.06 σ
+2.20 σ
 +7.09% 09:30 AM
EPOL Poland 14.53
Expensive
Expensive
Expensive
 10.13 11.10 11.48
+2.14 σ
+2.43 σ
+2.47 σ
 +14.24% 09:30 AM
EWD Sweden 14.33
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.84 σ
-1.23 σ
-0.41 σ
 +2.79% 09:30 AM
EPU Perù 14.06
Fair
Fair
Overvalued
 12.32 12.89 12.41
+0.85 σ
+0.79 σ
+1.18 σ
 +10.91% 09:30 AM
THD Thailand 14.06
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.52 σ
-1.68 σ
-0.83 σ
 +5.23% 09:30 AM
NORW Norway 13.47
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.40 σ
+0.42 σ
+1.08 σ
 +8.04% 09:30 AM
EWM Malaysia 13.27
Undervalued
Cheap
Undervalued
 14.45 15.03 14.75
-1.47 σ
-2.22 σ
-1.93 σ
 -2.02% 09:30 AM
EWO Austria 13.13
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.76 σ
+1.71 σ
+1.95 σ
 +13.21% 09:30 AM
ECH Chile 12.12
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.88 σ
-0.35 σ
-1.30 σ
 -1.30% 09:30 AM
EWW Mexico 11.96
Fair
Undervalued
Undervalued
 12.39 13.46 14.26
-0.57 σ
-1.17 σ
-1.33 σ
 +0.68% 09:30 AM
EWZ Brazil 11.92
Expensive
Fair
Overvalued
 8.24 10.08 10.13
+2.27 σ
+0.95 σ
+1.24 σ
 +1.95% 09:30 AM
GREK Greece 11.53
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.24 σ
+0.11 σ
+0.29 σ
 +16.65% 09:30 AM
COLO Colombia 11.44
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.59 σ
+0.91 σ
-0.29 σ
 +19.34% 09:30 AM
QAT Qatar 10.77
Undervalued
Undervalued
-
 12.31 13.33 -
-1.03 σ
-1.87 σ
-
 -7.59% 09:30 AM
EIDO Indonesia 9.78
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.33 σ
-2.71 σ
-3.20 σ
 -16.30% 09:30 AM
FXI China 9.66
Fair
Undervalued
Fair
 9.87 11.11 10.95
-0.26 σ
-1.05 σ
-0.76 σ
 -3.91% 09:30 AM
EZA South Africa 9.04
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.91 σ
-1.45 σ
-1.66 σ
 +0.71% 09:30 AM
EPHE Philippines 8.04
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.69 σ
-2.31 σ
-3.10 σ
 -4.44% 09:30 AM
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).