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 27.12
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.04 σ
-0.07 σ
+1.04 σ
 -2.08% 22 May
VTI United States 26.31
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.41 σ
+2.14 σ
+3.23 σ
 +9.63% 22 May
EWT Taiwan 25.25
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.69 σ
+5.51 σ
+6.45 σ
 +39.05% 22 May
EWL Switzerland 23.13
Overvalued
Expensive
Expensive
 19.89 18.37 15.90
+1.35 σ
+2.56 σ
+3.20 σ
 +6.54% 22 May
INDA India 23.11
Fair
Fair
Overvalued
 23.07 20.77 18.01
+0.03 σ
+0.97 σ
+1.78 σ
 -6.87% 22 May
EWA Australia 20.53
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.27 σ
+2.13 σ
+3.28 σ
 +4.40% 22 May
EWY South Korea 20.19
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.87 σ
+8.58 σ
+10.51 σ
 +63.46% 22 May
EWC Canada 19.78
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.46 σ
+2.64 σ
+4.29 σ
 +9.51% 22 May
EWN Netherlands 19.23
Fair
Overvalued
Expensive
 17.66 17.02 14.40
+0.75 σ
+1.14 σ
+2.00 σ
 +13.06% 22 May
EWK Belgium 18.66
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.96 σ
+0.91 σ
+1.41 σ
 +9.34% 22 May
EWJ Japan 18.35
Expensive
Expensive
Expensive
 14.84 14.40 14.43
+2.44 σ
+2.73 σ
+2.49 σ
 +8.61% 22 May
EWG Germany 18.30
Overvalued
Expensive
Expensive
 14.26 13.78 12.49
+1.76 σ
+2.84 σ
+4.22 σ
 +2.49% 22 May
EWU United Kingdom 18.23
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.58 σ
+2.63 σ
+3.53 σ
 +6.22% 22 May
EWQ France 18.22
Fair
Overvalued
Expensive
 16.58 15.52 13.45
+0.83 σ
+1.55 σ
+2.26 σ
 +1.20% 22 May
EWH Hong Kong 17.99
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.14 σ
+2.74 σ
+2.69 σ
 +4.68% 22 May
EIS Israel 17.35
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.68 σ
+4.45 σ
+4.18 σ
 +19.90% 22 May
NORW Norway 16.91
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.17 σ
+2.29 σ
+3.25 σ
 +19.65% 22 May
EDEN Denmark 16.48
Fair
Fair
Fair
 16.28 18.06 16.55
+0.08 σ
-0.59 σ
-0.04 σ
 +1.29% 22 May
EWS Singapore 16.39
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.72 σ
+2.83 σ
+3.12 σ
 +4.04% 22 May
THD Thailand 16.36
Fair
Fair
Fair
 17.23 17.41 15.89
-0.43 σ
-0.53 σ
+0.20 σ
 +14.14% 22 May
EWD Sweden 16.15
Fair
Fair
Fair
 16.33 16.19 14.90
-0.08 σ
-0.03 σ
+0.78 σ
 +5.91% 22 May
VNM Vietnam 16.14
Fair
Fair
-
 15.32 16.73 -
+0.35 σ
-0.20 σ
-
 +2.67% 22 May
ARGT Argentina 15.38
Overvalued
Expensive
Overvalued
 12.85 12.63 10.73
+1.23 σ
+2.03 σ
+1.82 σ
 +3.74% 22 May
EWP Spain 15.14
Expensive
Expensive
Expensive
 11.29 11.94 11.58
+3.09 σ
+2.46 σ
+2.32 σ
 +7.08% 22 May
TUR Turkey 15.03
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+3.66 σ
+6.83 σ
+4.36 σ
 +6.03% 22 May
EWM Malaysia 14.92
Fair
Fair
Fair
 14.43 15.09 14.73
+0.62 σ
-0.22 σ
+0.25 σ
 +6.42% 22 May
EIRL Ireland 14.69
Fair
Fair
Fair
 14.83 15.54 16.17
-0.09 σ
-0.45 σ
-0.61 σ
 +5.77% 22 May
EWI Italy 14.56
Expensive
Expensive
Expensive
 10.61 11.46 11.17
+2.23 σ
+2.06 σ
+2.13 σ
 +8.68% 22 May
EWO Austria 14.39
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.88 σ
+2.56 σ
+2.77 σ
 +15.26% 22 May
EPU Perù 13.95
Fair
Fair
Overvalued
 12.13 12.84 12.31
+0.91 σ
+0.75 σ
+1.15 σ
 +14.38% 22 May
EWW Mexico 12.89
Fair
Fair
Fair
 12.53 13.63 14.27
+0.40 σ
-0.52 σ
-0.80 σ
 +9.12% 22 May
ECH Chile 12.88
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.13 σ
-0.10 σ
-0.92 σ
 +4.46% 22 May
EPOL Poland 12.64
Overvalued
Overvalued
Fair
 10.13 11.05 11.45
+1.22 σ
+1.16 σ
+0.97 σ
 +12.81% 22 May
EWZ Brazil 11.86
Expensive
Fair
Overvalued
 8.01 10.05 10.04
+2.87 σ
+0.95 σ
+1.25 σ
 +6.65% 22 May
COLO Colombia 11.24
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.65 σ
+0.82 σ
-0.39 σ
 +1.24% 22 May
QAT Qatar 11.21
Fair
Undervalued
-
 12.78 13.38 -
-0.84 σ
-1.65 σ
-
 -3.49% 22 May
GREK Greece 10.69
Fair
Fair
Fair
 9.40 11.35 10.93
+0.69 σ
-0.34 σ
-0.11 σ
 +4.96% 22 May
EIDO Indonesia 9.70
Cheap
Cheap
Cheap
 12.74 14.10 13.67
-2.47 σ
-3.01 σ
-3.30 σ
 -24.75% 22 May
FXI China 9.64
Fair
Undervalued
Fair
 10.10 11.17 11.00
-0.46 σ
-1.14 σ
-0.81 σ
 -7.91% 22 May
EZA South Africa 9.50
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.68 σ
-1.31 σ
-1.42 σ
 -0.41% 22 May
EPHE Philippines 8.26
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.68 σ
-2.44 σ
-3.11 σ
 -2.78% 22 May
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).