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 27.39
Fair
Fair
Overvalued
 26.90 27.47 21.53
+0.13 σ
-0.02 σ
+1.06 σ
 +4.00% 09:30 AM
EWT Taiwan 27.34
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+4.08 σ
+6.39 σ
+7.37 σ
 +19.32% 09:30 AM
VTI United States 26.15
Overvalued
Overvalued
Expensive
 22.92 20.34 16.90
+1.22 σ
+1.96 σ
+3.05 σ
 +6.15% 09:30 AM
EWL Switzerland 24.65
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.85 σ
+3.15 σ
+3.75 σ
 +5.29% 09:30 AM
INDA India 22.56
Fair
Fair
Overvalued
 23.12 20.90 18.10
-0.44 σ
+0.70 σ
+1.54 σ
 -2.83% 09:30 AM
EWA Australia 21.66
Overvalued
Expensive
Expensive
 17.46 16.73 14.96
+1.62 σ
+2.61 σ
+3.77 σ
 +5.54% 09:30 AM
EWC Canada 21.37
Overvalued
Expensive
Expensive
 16.15 15.43 14.47
+1.94 σ
+3.39 σ
+5.39 σ
 +8.42% 09:30 AM
EWN Netherlands 20.35
Overvalued
Overvalued
Expensive
 17.49 17.12 14.48
+1.68 σ
+1.67 σ
+2.41 σ
 +5.97% 09:30 AM
EWQ France 18.85
Overvalued
Overvalued
Expensive
 16.60 15.60 13.51
+1.14 σ
+1.84 σ
+2.48 σ
 +1.85% 09:30 AM
EWJ Japan 18.11
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.14 σ
+2.43 σ
+2.32 σ
 +3.63% 09:30 AM
EWU United Kingdom 18.07
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.40 σ
+2.40 σ
+3.34 σ
 +5.85% 09:30 AM
EWH Hong Kong 17.90
Expensive
Expensive
Expensive
 15.47 15.41 15.26
+2.09 σ
+2.51 σ
+2.54 σ
 +2.25% 09:30 AM
EWS Singapore 17.87
Expensive
Expensive
Expensive
 13.87 13.43 13.41
+2.49 σ
+4.00 σ
+4.53 σ
 +12.21% 09:30 AM
EWG Germany 17.77
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.41 σ
+2.33 σ
+3.69 σ
 +0.60% 09:30 AM
EWK Belgium 17.63
Fair
Fair
Fair
 16.07 16.87 15.03
+0.60 σ
+0.39 σ
+1.00 σ
 +6.44% 09:30 AM
EIRL Ireland 16.89
Overvalued
Fair
Fair
 14.62 15.52 16.19
+1.98 σ
+0.73 σ
+0.29 σ
 +10.77% 09:30 AM
EWD Sweden 16.88
Fair
Fair
Overvalued
 16.17 16.22 14.93
+0.34 σ
+0.43 σ
+1.23 σ
 +2.64% 09:30 AM
EWY South Korea 16.56
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+4.21 σ
+5.04 σ
+6.61 σ
 +11.34% 09:30 AM
EIS Israel 16.24
Overvalued
Expensive
Expensive
 12.05 11.50 10.98
+1.95 σ
+3.44 σ
+3.44 σ
 +1.18% 09:30 AM
EDEN Denmark 16.09
Fair
Fair
Fair
 16.04 18.01 16.57
+0.02 σ
-0.72 σ
-0.26 σ
 +2.60% 09:30 AM
EWP Spain 15.92
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.72 σ
+2.87 σ
+2.76 σ
 +10.49% 09:30 AM
THD Thailand 15.49
Fair
Fair
Fair
 17.03 17.31 15.94
-0.82 σ
-0.94 σ
-0.19 σ
 +8.82% 09:30 AM
ARGT Argentina 15.41
Overvalued
Overvalued
Overvalued
 13.01 12.73 10.82
+1.13 σ
+1.93 σ
+1.78 σ
 +2.38% 09:30 AM
TUR Turkey 15.28
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.09 σ
+6.59 σ
+4.46 σ
 +2.16% 09:30 AM
EWI Italy 15.07
Expensive
Expensive
Expensive
 10.64 11.49 11.18
+2.46 σ
+2.34 σ
+2.43 σ
 +9.01% 09:30 AM
EPU Perù 14.40
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.10 σ
+1.04 σ
+1.44 σ
 +8.68% 09:30 AM
NORW Norway 14.39
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.88 σ
+0.91 σ
+1.66 σ
 +1.58% 09:30 AM
VNM Vietnam 14.22
Fair
Fair
-
 15.18 16.84 -
-0.45 σ
-0.94 σ
-
 -8.97% 09:30 AM
EWO Austria 13.83
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.29 σ
+2.18 σ
+2.40 σ
 +12.07% 09:30 AM
EPOL Poland 13.83
Overvalued
Overvalued
Overvalued
 10.11 11.06 11.46
+1.83 σ
+1.99 σ
+1.93 σ
 +12.04% 09:30 AM
EWM Malaysia 13.38
Undervalued
Cheap
Undervalued
 14.45 15.08 14.74
-1.34 σ
-2.21 σ
-1.76 σ
 +0.60% 09:30 AM
EWW Mexico 12.71
Fair
Fair
Fair
 12.46 13.54 14.27
+0.30 σ
-0.62 σ
-0.90 σ
 +4.44% 09:30 AM
ECH Chile 12.56
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.03 σ
-0.21 σ
-1.09 σ
 -2.08% 09:30 AM
GREK Greece 11.96
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.48 σ
+0.32 σ
+0.48 σ
 +12.65% 09:30 AM
COLO Colombia 11.68
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+2.94 σ
+1.04 σ
-0.23 σ
 +14.69% 09:30 AM
EWZ Brazil 11.58
Expensive
Fair
Overvalued
 8.10 10.08 10.08
+2.39 σ
+0.77 σ
+1.03 σ
 +2.10% 09:30 AM
QAT Qatar 11.27
Fair
Undervalued
-
 12.55 13.36 -
-0.76 σ
-1.57 σ
-
 -6.71% 09:30 AM
FXI China 9.34
Fair
Undervalued
Fair
 9.96 11.14 10.97
-0.71 σ
-1.32 σ
-0.97 σ
 -4.49% 09:30 AM
EZA South Africa 9.05
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.91 σ
-1.49 σ
-1.67 σ
 -9.28% 09:30 AM
EIDO Indonesia 8.99
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-3.04 σ
-3.34 σ
-3.85 σ
 -25.15% 09:30 AM
EPHE Philippines 8.62
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.46 σ
-2.19 σ
-2.90 σ
 +2.55% 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).