Global P/E Ratios by Country

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

It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.

A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.

Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.

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)
ENZL New Zealand 31.70
Fair
Overvalued
Expensive
 27.75 26.57 20.59
+0.85 σ
+1.21 σ
+2.08 σ
 +0.96% 04:00 PM
VTI United States 25.07
Overvalued
Expensive
Expensive
 21.99 19.24 16.38
+1.60 σ
+2.42 σ
+3.40 σ
 +5.73% 04:00 PM
INDA India 24.98
Overvalued
Overvalued
Expensive
 22.89 20.18 17.67
+1.76 σ
+2.00 σ
+2.74 σ
 +4.61% 04:00 PM
EWL Switzerland 22.67
Overvalued
Expensive
Expensive
 19.12 17.76 15.63
+1.82 σ
+3.49 σ
+3.46 σ
 +7.96% 04:00 PM
EWC Canada 21.22
Expensive
Expensive
Expensive
 15.28 14.96 14.30
+3.17 σ
+5.26 σ
+6.37 σ
 +10.11% 04:00 PM
EWD Sweden 20.21
Expensive
Expensive
Expensive
 16.15 15.76 14.72
+2.06 σ
+3.36 σ
+3.81 σ
 +7.84% 04:00 PM
EWA Australia 19.48
Overvalued
Expensive
Expensive
 16.96 16.11 14.66
+1.16 σ
+2.29 σ
+3.38 σ
 +4.96% 04:00 PM
EWG Germany 18.54
Expensive
Expensive
Expensive
 13.89 13.33 12.35
+2.60 σ
+4.44 σ
+5.26 σ
 +17.19% 04:00 PM
EWQ France 18.42
Overvalued
Expensive
Expensive
 16.37 15.08 13.18
+1.15 σ
+2.17 σ
+2.78 σ
 +8.95% 04:00 PM
EWU United Kingdom 17.81
Expensive
Expensive
Expensive
 12.60 13.20 12.20
+2.55 σ
+3.07 σ
+3.76 σ
 +8.33% 04:00 PM
EWK Belgium 17.24
Fair
Fair
Overvalued
 16.33 16.88 14.64
+0.32 σ
+0.19 σ
+1.01 σ
 +11.04% 04:00 PM
EWN Netherlands 17.21
Fair
Fair
Overvalued
 18.69 16.77 14.13
-0.51 σ
+0.22 σ
+1.34 σ
 +12.04% 04:00 PM
EWT Taiwan 16.49
Fair
Overvalued
Overvalued
 15.85 14.51 13.82
+0.30 σ
+1.14 σ
+1.76 σ
 +9.81% 04:00 PM
VNM Vietnam 16.16
Fair
-
-
 15.80 - -
+0.12 σ
-
-
 +12.55% 04:00 PM
EWJ Japan 15.36
Fair
Overvalued
Fair
 14.94 14.07 14.43
+0.28 σ
+1.04 σ
+0.59 σ
 +6.71% 04:00 PM
EWH Hong Kong 15.17
Fair
Fair
Fair
 15.33 15.05 15.16
-0.16 σ
+0.14 σ
+0.01 σ
 +12.73% 04:00 PM
EDEN Denmark 15.11
Fair
Undervalued
Fair
 18.29 18.45 16.55
-0.79 σ
-1.38 σ
-0.78 σ
 +1.32% 03:57 PM
EIS Israel 14.31
Overvalued
Expensive
Expensive
 11.63 11.15 10.97
+1.53 σ
+2.85 σ
+2.21 σ
 +21.87% 04:00 PM
EWS Singapore 14.25
Fair
Overvalued
Overvalued
 13.46 13.00 13.33
+0.66 σ
+1.28 σ
+1.04 σ
 +11.13% 04:00 PM
EWM Malaysia 14.18
Fair
Undervalued
Fair
 14.40 15.06 14.64
-0.28 σ
-1.17 σ
-0.56 σ
 +0.25% 04:00 PM
THD Thailand 13.99
Undervalued
Undervalued
Fair
 18.58 17.82 15.69
-2.00 σ
-1.96 σ
-0.66 σ
 -11.95% 04:00 PM
EZA South Africa 13.96
Expensive
Fair
Overvalued
 10.34 12.20 11.80
+3.01 σ
+0.91 σ
+1.36 σ
 +13.18% 04:00 PM
EIRL Ireland 13.75
Fair
Undervalued
Fair
 16.22 15.75 16.12
-0.88 σ
-1.10 σ
-0.96 σ
 +8.11% 04:00 PM
EWI Italy 13.11
Overvalued
Overvalued
Overvalued
 10.62 11.43 11.16
+1.39 σ
+1.13 σ
+1.24 σ
 +18.03% 04:00 PM
EWW Mexico 12.79
Fair
Fair
Fair
 12.62 13.97 14.23
+0.18 σ
-0.68 σ
-0.82 σ
 +14.58% 04:00 PM
EPOL Poland 12.47
Overvalued
Overvalued
Fair
 10.10 10.98 11.48
+1.15 σ
+1.13 σ
+0.79 σ
 +25.15% 04:00 PM
ARGT Argentina 12.13
Fair
Fair
Fair
 12.10 12.03 10.51
+0.02 σ
+0.08 σ
+0.69 σ
 +2.25% 04:00 PM
ECH Chile 12.10
Fair
Fair
Undervalued
 10.38 13.13 14.65
+0.62 σ
-0.38 σ
-1.41 σ
 +11.72% 04:00 PM
EWP Spain 11.98
Fair
Fair
Fair
 11.47 11.84 11.54
+0.33 σ
+0.11 σ
+0.29 σ
 +21.62% 04:00 PM
NORW Norway 11.75
Fair
Fair
Fair
 11.05 12.52 11.54
+0.31 σ
-0.43 σ
+0.13 σ
 +11.61% 04:00 PM
EWY South Korea 11.59
Fair
Overvalued
Overvalued
 10.48 10.04 9.81
+0.95 σ
+1.62 σ
+2.00 σ
 +22.68% 04:00 PM
EPU Perù 11.57
Fair
Fair
Fair
 12.36 12.61 12.39
-0.36 σ
-0.71 σ
-0.53 σ
 +12.88% 03:50 PM
QAT Qatar 11.51
Fair
-
-
 13.51 - -
-0.92 σ
-
-
 +2.19% 04:00 PM
EIDO Indonesia 11.12
Undervalued
Cheap
Undervalued
 13.43 14.28 13.61
-1.49 σ
-2.36 σ
-1.93 σ
 -7.12% 04:00 PM
EWO Austria 11.03
Overvalued
Fair
Fair
 8.28 9.55 9.94
+1.50 σ
+0.85 σ
+0.68 σ
 +21.41% 03:59 PM
EWZ Brazil 10.87
Expensive
Fair
Fair
 8.01 9.97 9.84
+2.11 σ
+0.48 σ
+0.68 σ
 +8.72% 04:00 PM
TUR Turkey 10.32
Expensive
Expensive
Overvalued
 5.49 6.40 7.94
+5.36 σ
+3.38 σ
+1.47 σ
 -4.88% 04:00 PM
GREK Greece 10.27
Fair
Fair
Fair
 9.72 11.18 11.12
+0.25 σ
-0.44 σ
-0.37 σ
 +30.27% 04:00 PM
FXI China 10.04
Fair
Fair
Fair
 10.85 11.05 11.02
-0.41 σ
-0.71 σ
-0.58 σ
 +11.18% 04:00 PM
EPHE Philippines 9.93
Undervalued
Cheap
Cheap
 13.77 15.51 15.28
-1.53 σ
-2.49 σ
-2.60 σ
 +3.10% 04:00 PM
GXG Colombia 8.14
Fair
Fair
Undervalued
 7.45 9.74 12.77
+0.37 σ
-0.67 σ
-1.57 σ
 +12.06% 30 Jun
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).