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)
VTI United States 26.53
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.36 σ
+2.09 σ
+3.18 σ
 +8.04% 02 Jul
ENZL New Zealand 25.50
Fair
Fair
Fair
 26.90 27.47 21.53
-0.37 σ
-0.50 σ
+0.72 σ
 -0.96% 02 Jul
EWT Taiwan 25.27
Expensive
Expensive
Expensive
 16.33 15.29 14.20
+3.31 σ
+5.29 σ
+6.21 σ
 +38.73% 02 Jul
EWL Switzerland 23.79
Overvalued
Expensive
Expensive
 20.06 18.51 15.98
+1.50 σ
+2.71 σ
+3.37 σ
 +7.07% 02 Jul
INDA India 23.51
Fair
Overvalued
Overvalued
 23.12 20.90 18.10
+0.31 σ
+1.09 σ
+1.87 σ
 -3.57% 02 Jul
EWA Australia 20.04
Fair
Overvalued
Expensive
 17.46 16.73 14.96
+0.99 σ
+1.75 σ
+2.86 σ
 +1.09% 02 Jul
EWN Netherlands 19.01
Fair
Fair
Overvalued
 17.49 17.12 14.48
+0.89 σ
+0.97 σ
+1.85 σ
 +10.54% 02 Jul
EWC Canada 18.93
Overvalued
Overvalued
Expensive
 16.15 15.43 14.47
+1.03 σ
+2.00 σ
+3.48 σ
 +5.46% 02 Jul
EWJ Japan 18.91
Expensive
Expensive
Expensive
 14.89 14.50 14.44
+2.67 σ
+2.97 σ
+2.82 σ
 +8.04% 02 Jul
EWK Belgium 18.68
Fair
Fair
Overvalued
 16.07 16.87 15.03
+1.00 σ
+0.93 σ
+1.39 σ
 +8.42% 02 Jul
EWY South Korea 18.41
Expensive
Expensive
Expensive
 10.60 10.33 9.96
+5.52 σ
+6.54 σ
+8.46 σ
 +40.32% 02 Jul
EWU United Kingdom 18.08
Overvalued
Expensive
Expensive
 13.64 13.47 12.39
+1.40 σ
+2.40 σ
+3.34 σ
 +4.81% 02 Jul
EWG Germany 17.75
Overvalued
Expensive
Expensive
 14.38 13.89 12.54
+1.40 σ
+2.32 σ
+3.68 σ
 +0.99% 02 Jul
EWQ France 17.73
Fair
Overvalued
Overvalued
 16.60 15.60 13.51
+0.57 σ
+1.20 σ
+1.96 σ
 +2.09% 02 Jul
EWH Hong Kong 17.19
Overvalued
Overvalued
Overvalued
 15.47 15.41 15.26
+1.48 σ
+1.80 σ
+1.86 σ
 -7.03% 02 Jul
VNM Vietnam 17.17
Fair
Fair
-
 15.18 16.84 -
+0.94 σ
+0.12 σ
-
 +0.88% 02 Jul
EIS Israel 17.11
Expensive
Expensive
Expensive
 12.05 11.50 10.98
+2.35 σ
+4.07 σ
+4.00 σ
 +3.78% 02 Jul
TUR Turkey 16.79
Expensive
Expensive
Expensive
 6.73 6.49 7.96
+3.64 σ
+7.73 σ
+5.38 σ
 +4.17% 02 Jul
EWS Singapore 16.60
Overvalued
Expensive
Expensive
 13.87 13.43 13.41
+1.70 σ
+2.85 σ
+3.24 σ
 +5.77% 02 Jul
EDEN Denmark 16.56
Fair
Fair
Fair
 16.04 18.01 16.57
+0.23 σ
-0.54 σ
-0.00 σ
 +3.16% 02 Jul
THD Thailand 15.79
Fair
Fair
Fair
 17.03 17.31 15.94
-0.66 σ
-0.79 σ
-0.06 σ
 +9.40% 02 Jul
EIRL Ireland 15.33
Fair
Fair
Fair
 14.62 15.52 16.19
+0.61 σ
-0.10 σ
-0.36 σ
 +10.19% 02 Jul
EWP Spain 15.31
Expensive
Expensive
Expensive
 11.29 12.00 11.60
+3.23 σ
+2.43 σ
+2.37 σ
 +10.20% 02 Jul
EWD Sweden 15.22
Fair
Fair
Fair
 16.17 16.22 14.93
-0.45 σ
-0.65 σ
+0.18 σ
 +0.76% 02 Jul
EWO Austria 14.54
Expensive
Expensive
Expensive
 8.53 9.70 9.95
+2.60 σ
+2.56 σ
+2.84 σ
 +18.32% 02 Jul
ARGT Argentina 14.51
Fair
Overvalued
Overvalued
 13.01 12.73 10.82
+0.70 σ
+1.28 σ
+1.43 σ
 +2.63% 02 Jul
EWI Italy 14.40
Expensive
Overvalued
Expensive
 10.64 11.49 11.18
+2.08 σ
+1.90 σ
+2.00 σ
 +10.16% 02 Jul
EPU Perù 14.35
Overvalued
Overvalued
Overvalued
 12.16 12.86 12.36
+1.08 σ
+1.01 σ
+1.41 σ
 +10.20% 02 Jul
EWM Malaysia 14.29
Fair
Undervalued
Fair
 14.45 15.08 14.74
-0.20 σ
-1.03 σ
-0.59 σ
 -3.11% 02 Jul
NORW Norway 14.28
Overvalued
Fair
Overvalued
 10.79 12.67 11.64
+1.82 σ
+0.86 σ
+1.59 σ
 -2.88% 02 Jul
EWZ Brazil 12.85
Expensive
Overvalued
Overvalued
 8.10 10.08 10.08
+3.27 σ
+1.42 σ
+1.90 σ
 -1.34% 02 Jul
ECH Chile 12.51
Overvalued
Fair
Undervalued
 10.09 13.14 14.53
+1.01 σ
-0.23 σ
-1.11 σ
 -1.21% 02 Jul
EWW Mexico 12.50
Fair
Fair
Undervalued
 12.46 13.54 14.27
+0.05 σ
-0.77 σ
-1.02 σ
 +3.21% 02 Jul
EPOL Poland 12.24
Overvalued
Fair
Fair
 10.11 11.06 11.46
+1.05 σ
+0.85 σ
+0.64 σ
 +8.56% 02 Jul
COLO Colombia 11.64
Expensive
Overvalued
Fair
 7.21 9.42 12.31
+2.91 σ
+1.02 σ
-0.24 σ
 +10.56% 02 Jul
GREK Greece 11.31
Overvalued
Fair
Fair
 9.33 11.33 10.92
+1.12 σ
-0.01 σ
+0.18 σ
 +10.87% 02 Jul
QAT Qatar 10.99
Fair
Undervalued
-
 12.55 13.36 -
-0.93 σ
-1.78 σ
-
 -5.95% 02 Jul
EZA South Africa 9.56
Fair
Undervalued
Undervalued
 10.70 11.98 11.90
-0.63 σ
-1.23 σ
-1.37 σ
 -6.78% 02 Jul
EIDO Indonesia 9.35
Cheap
Cheap
Cheap
 12.57 14.02 13.66
-2.73 σ
-3.10 σ
-3.55 σ
 -30.99% 02 Jul
FXI China 9.12
Fair
Undervalued
Undervalued
 9.96 11.14 10.97
-0.96 σ
-1.48 σ
-1.10 σ
 -15.84% 02 Jul
EPHE Philippines 8.33
Undervalued
Cheap
Cheap
 12.08 14.58 15.16
-1.58 σ
-2.30 σ
-3.03 σ
 -2.93% 02 Jul
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).