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
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)
EWT Taiwan 26.89
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.46 σ
+5.82 σ
+6.85 σ
 +28.57% 17 Sep
ENZL New Zealand 25.13
Fair
Fair
Fair
 26.84 27.52 21.67
-0.45 σ
-0.60 σ
+0.63 σ
 -0.01% 17 Sep
VTI United States 24.52
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.54 σ
+1.33 σ
+2.41 σ
 +6.29% 17 Sep
EWL Switzerland 23.56
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.29 σ
+2.40 σ
+3.16 σ
 -1.91% 17 Sep
INDA India 21.80
Undervalued
Fair
Overvalued
 23.11 21.00 18.17
-1.04 σ
+0.34 σ
+1.24 σ
 -4.34% 17 Sep
EWA Australia 20.29
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.98 σ
+1.76 σ
+2.88 σ
 +2.16% 17 Sep
EWJ Japan 19.04
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.50 σ
+2.90 σ
+2.87 σ
 +9.25% 17 Sep
EWC Canada 18.98
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.93 σ
+1.88 σ
+3.36 σ
 +5.28% 17 Sep
EWS Singapore 18.37
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.56 σ
+4.18 σ
+4.88 σ
 +11.35% 17 Sep
EWN Netherlands 18.32
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.54 σ
+0.55 σ
+1.51 σ
 +4.55% 17 Sep
EWG Germany 17.90
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.34 σ
+2.22 σ
+3.63 σ
 +0.78% 17 Sep
EIS Israel 17.76
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.39 σ
+4.28 σ
+4.34 σ
 +2.97% 17 Sep
EWQ France 17.37
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.35 σ
+0.93 σ
+1.74 σ
 -2.28% 17 Sep
EWU United Kingdom 16.86
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.93 σ
+1.71 σ
+2.55 σ
 +3.18% 17 Sep
EDEN Denmark 16.28
Fair
Fair
Fair
 15.88 17.96 16.59
+0.19 σ
-0.63 σ
-0.18 σ
 +1.96% 17 Sep
EWP Spain 15.99
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.58 σ
+2.75 σ
+2.74 σ
 +7.80% 17 Sep
EIRL Ireland 15.53
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.07 σ
-0.00 σ
-0.30 σ
 +9.87% 17 Sep
EWI Italy 15.08
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.32 σ
+2.25 σ
+2.39 σ
 +6.12% 17 Sep
ARGT Argentina 15.07
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.87 σ
+1.56 σ
+1.62 σ
 +1.19% 17 Sep
EWK Belgium 15.00
Fair
Fair
Fair
 15.96 16.82 15.08
-0.38 σ
-0.95 σ
-0.03 σ
 +3.86% 17 Sep
EWD Sweden 14.55
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.73 σ
-1.09 σ
-0.27 σ
 +0.63% 17 Sep
THD Thailand 14.35
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.36 σ
-1.52 σ
-0.71 σ
 +5.20% 17 Sep
VNM Vietnam 13.78
Fair
Undervalued
-
 15.01 16.91 -
-0.62 σ
-1.16 σ
-
 -3.65% 17 Sep
NORW Norway 13.44
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.39 σ
+0.40 σ
+1.06 σ
 +6.97% 17 Sep
EPOL Poland 13.37
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.57 σ
+1.60 σ
+1.53 σ
 +14.95% 17 Sep
TUR Turkey 13.27
Overvalued
Expensive
Expensive
 7.11 6.56 7.99
+1.98 σ
+4.48 σ
+3.18 σ
 -3.90% 17 Sep
EWH Hong Kong 13.11
Undervalued
Cheap
Cheap
 15.51 15.46 15.28
-1.94 σ
-2.27 σ
-2.04 σ
 -0.91% 17 Sep
EWO Austria 13.11
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.75 σ
+1.70 σ
+1.94 σ
 +11.11% 17 Sep
EWW Mexico 12.29
Fair
Fair
Undervalued
 12.39 13.46 14.26
-0.13 σ
-0.91 σ
-1.14 σ
 -1.76% 17 Sep
ECH Chile 11.81
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.75 σ
-0.46 σ
-1.48 σ
 -3.63% 17 Sep
GREK Greece 11.59
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.27 σ
+0.14 σ
+0.32 σ
 +16.53% 17 Sep
QAT Qatar 11.02
Fair
Undervalued
-
 12.31 13.33 -
-0.86 σ
-1.69 σ
-
 -8.72% 17 Sep
COLO Colombia 10.59
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.05 σ
+0.52 σ
-0.60 σ
 +19.24% 17 Sep
EWZ Brazil 10.45
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.36 σ
+0.19 σ
+0.22 σ
 +4.37% 17 Sep
EWY South Korea 10.05
Fair
Fair
Fair
 10.85 10.40 9.99
-0.42 σ
-0.26 σ
+0.07 σ
 +20.67% 17 Sep
EIDO Indonesia 9.62
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.46 σ
-2.81 σ
-3.33 σ
 -15.93% 17 Sep
FXI China 8.93
Undervalued
Undervalued
Undervalued
 9.87 11.11 10.95
-1.20 σ
-1.58 σ
-1.20 σ
 -6.37% 17 Sep
EZA South Africa 8.93
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.97 σ
-1.50 σ
-1.72 σ
 -0.80% 17 Sep
EPU Perù 8.93
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.66 σ
-2.66 σ
-2.47 σ
 +8.41% 17 Sep
EPHE Philippines 7.79
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.81 σ
-2.40 σ
-3.21 σ
 -5.84% 17 Sep
EWM Malaysia 7.74
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.35 σ
-9.15 σ
-9.14 σ
 -3.12% 17 Sep
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).