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 27.50
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.11 σ
+0.03 σ
+1.12 σ
 -2.94% 22 Apr
VTI United States 25.09
Fair
Overvalued
Expensive
 22.65 20.07 16.76
+0.97 σ
+1.76 σ
+2.87 σ
 +6.71% 22 Apr
EWT Taiwan 23.51
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.11 σ
+4.67 σ
+5.54 σ
 +30.57% 22 Apr
EWL Switzerland 22.43
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.11 σ
+2.26 σ
+2.94 σ
 +5.38% 22 Apr
INDA India 21.60
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.15 σ
+0.36 σ
+1.26 σ
 -4.89% 22 Apr
EWA Australia 20.24
Overvalued
Expensive
Expensive
 17.27 16.59 14.88
+1.20 σ
+2.04 σ
+3.18 σ
 +7.97% 22 Apr
EWC Canada 19.35
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.35 σ
+2.48 σ
+4.01 σ
 +11.13% 22 Apr
EWY South Korea 17.95
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+6.47 σ
+6.89 σ
+8.34 σ
 +55.27% 22 Apr
EWH Hong Kong 17.78
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+2.00 σ
+2.62 σ
+2.50 σ
 +6.47% 22 Apr
EWN Netherlands 17.74
Fair
Fair
Overvalued
 17.80 17.00 14.37
-0.02 σ
+0.38 σ
+1.40 σ
 +9.03% 22 Apr
EWK Belgium 17.71
Fair
Fair
Overvalued
 16.14 16.89 14.92
+0.58 σ
+0.41 σ
+1.06 σ
 +5.21% 22 Apr
EWU United Kingdom 17.68
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.46 σ
+2.38 σ
+3.24 σ
 +8.12% 22 Apr
EWQ France 17.54
Fair
Overvalued
Overvalued
 16.58 15.49 13.42
+0.49 σ
+1.18 σ
+1.97 σ
 +2.17% 22 Apr
EIS Israel 17.50
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.82 σ
+4.66 σ
+4.27 σ
 +18.48% 22 Apr
EWD Sweden 17.47
Fair
Fair
Overvalued
 16.40 16.18 14.89
+0.47 σ
+0.83 σ
+1.62 σ
 +8.92% 22 Apr
NORW Norway 17.31
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+3.38 σ
+2.52 σ
+3.52 σ
 +21.22% 22 Apr
EWG Germany 17.03
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.23 σ
+2.12 σ
+3.36 σ
 +1.11% 22 Apr
EWJ Japan 16.99
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.51 σ
+1.85 σ
+1.62 σ
 +6.31% 22 Apr
VNM Vietnam 16.04
Fair
Fair
-
 15.43 16.68 -
+0.25 σ
-0.22 σ
-
 +8.44% 22 Apr
EWS Singapore 15.91
Overvalued
Expensive
Expensive
 13.74 13.32 13.39
+1.45 σ
+2.47 σ
+2.63 σ
 +3.26% 22 Apr
TUR Turkey 15.88
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+4.53 σ
+7.62 σ
+4.91 σ
 +17.48% 22 Apr
ARGT Argentina 15.86
Overvalued
Expensive
Expensive
 12.77 12.57 10.71
+1.52 σ
+2.44 σ
+2.03 σ
 +8.25% 22 Apr
THD Thailand 15.49
Fair
Fair
Fair
 17.35 17.45 15.87
-0.88 σ
-0.98 σ
-0.16 σ
 +13.70% 22 Apr
EWM Malaysia 15.30
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.14 σ
+0.28 σ
+0.74 σ
 +8.71% 22 Apr
EDEN Denmark 15.18
Fair
Undervalued
Fair
 16.46 18.10 16.56
-0.46 σ
-1.10 σ
-0.75 σ
 -1.95% 22 Apr
EPU Perù 14.58
Overvalued
Overvalued
Overvalued
 12.12 12.86 12.31
+1.22 σ
+1.16 σ
+1.57 σ
 +21.41% 22 Apr
EWP Spain 14.39
Expensive
Overvalued
Overvalued
 11.29 11.92 11.57
+2.49 σ
+1.93 σ
+1.86 σ
 +10.27% 22 Apr
EWO Austria 14.37
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+2.98 σ
+2.56 σ
+2.75 σ
 +15.32% 22 Apr
EWW Mexico 14.00
Overvalued
Fair
Fair
 12.52 13.66 14.28
+1.64 σ
+0.24 σ
-0.16 σ
 +13.05% 22 Apr
ECH Chile 13.79
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.48 σ
+0.22 σ
-0.43 σ
 +14.43% 22 Apr
EWI Italy 13.52
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.64 σ
+1.37 σ
+1.48 σ
 +8.77% 22 Apr
EIRL Ireland 13.36
Fair
Undervalued
Undervalued
 14.97 15.57 16.17
-0.92 σ
-1.18 σ
-1.16 σ
 +3.56% 22 Apr
EWZ Brazil 13.02
Expensive
Overvalued
Expensive
 7.99 10.04 10.02
+3.85 σ
+1.56 σ
+2.07 σ
 +23.45% 22 Apr
EPOL Poland 12.32
Overvalued
Fair
Fair
 10.16 11.05 11.46
+1.04 σ
+0.92 σ
+0.70 σ
 +14.11% 22 Apr
COLO Colombia 11.67
Expensive
Fair
Fair
 7.21 9.46 12.38
+2.93 σ
+0.99 σ
-0.25 σ
 +13.68% 22 Apr
EIDO Indonesia 11.61
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.97 σ
-1.76 σ
-1.71 σ
 -9.05% 22 Apr
QAT Qatar 10.93
Undervalued
Undervalued
-
 12.91 13.39 -
-1.02 σ
-1.90 σ
-
 -1.18% 22 Apr
GREK Greece 10.04
Fair
Fair
Fair
 9.45 11.36 10.96
+0.31 σ
-0.67 σ
-0.42 σ
 +5.75% 22 Apr
FXI China 9.96
Fair
Fair
Fair
 10.16 11.17 11.02
-0.19 σ
-0.91 σ
-0.63 σ
 -4.42% 22 Apr
EZA South Africa 9.74
Fair
Undervalued
Undervalued
 10.75 12.13 11.93
-0.57 σ
-1.22 σ
-1.30 σ
 +8.06% 22 Apr
EPHE Philippines 8.78
Undervalued
Cheap
Cheap
 12.51 14.84 15.19
-1.52 σ
-2.30 σ
-2.91 σ
 -2.10% 22 Apr
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).