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 28.91
Fair
Fair
Overvalued
 27.07 27.37 21.33
+0.47 σ
+0.38 σ
+1.37 σ
 -5.65% 07 Apr
VTI United States 26.97
Overvalued
Expensive
Expensive
 22.65 20.07 16.76
+1.71 σ
+2.42 σ
+3.52 σ
 -0.43% 07 Apr
EWT Taiwan 23.85
Expensive
Expensive
Expensive
 16.05 15.08 14.09
+3.25 σ
+4.86 σ
+5.74 σ
 +10.96% 07 Apr
EWL Switzerland 23.40
Overvalued
Expensive
Expensive
 19.81 18.31 15.86
+1.52 σ
+2.79 σ
+3.38 σ
 +2.27% 07 Apr
EWA Australia 22.75
Expensive
Expensive
Expensive
 17.27 16.59 14.88
+2.20 σ
+3.44 σ
+4.67 σ
 +5.50% 07 Apr
EWH Hong Kong 20.60
Expensive
Expensive
Expensive
 15.46 15.32 15.24
+4.45 σ
+5.62 σ
+5.29 σ
 +6.34% 07 Apr
EWY South Korea 20.35
Expensive
Expensive
Expensive
 10.45 10.24 9.92
+8.54 σ
+9.03 σ
+10.83 σ
 +32.15% 07 Apr
EWC Canada 20.19
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.68 σ
+3.00 σ
+4.70 σ
 +8.13% 07 Apr
EWQ France 20.12
Overvalued
Expensive
Expensive
 16.58 15.49 13.42
+1.80 σ
+2.67 σ
+3.20 σ
 -0.37% 07 Apr
EWU United Kingdom 19.90
Expensive
Expensive
Expensive
 13.35 13.40 12.34
+2.20 σ
+3.61 σ
+4.59 σ
 +7.33% 07 Apr
EWK Belgium 19.87
Overvalued
Overvalued
Overvalued
 16.14 16.89 14.92
+1.38 σ
+1.52 σ
+1.89 σ
 +4.28% 07 Apr
EWJ Japan 19.60
Expensive
Expensive
Expensive
 14.84 14.34 14.43
+3.33 σ
+3.67 σ
+3.28 σ
 +4.64% 07 Apr
EWN Netherlands 18.79
Fair
Fair
Overvalued
 17.80 17.00 14.37
+0.43 σ
+0.92 σ
+1.84 σ
 +2.06% 07 Apr
EWG Germany 18.21
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.74 σ
+2.87 σ
+4.23 σ
 -4.10% 07 Apr
EWD Sweden 17.90
Fair
Overvalued
Overvalued
 16.40 16.18 14.89
+0.66 σ
+1.10 σ
+1.89 σ
 +1.80% 07 Apr
ARGT Argentina 17.85
Expensive
Expensive
Expensive
 12.77 12.57 10.71
+2.49 σ
+3.91 σ
+2.81 σ
 +8.13% 07 Apr
EPU Perù 17.26
Expensive
Expensive
Expensive
 12.12 12.86 12.31
+2.56 σ
+2.97 σ
+3.44 σ
 +22.58% 07 Apr
EWS Singapore 17.05
Expensive
Expensive
Expensive
 13.74 13.32 13.39
+2.22 σ
+3.57 σ
+3.83 σ
 +1.70% 07 Apr
EIS Israel 16.97
Expensive
Expensive
Expensive
 11.92 11.39 10.98
+2.56 σ
+4.25 σ
+3.92 σ
 +12.08% 07 Apr
EZA South Africa 16.92
Expensive
Expensive
Expensive
 10.75 12.13 11.93
+3.45 σ
+2.44 σ
+2.96 σ
 +5.39% 07 Apr
NORW Norway 16.53
Expensive
Expensive
Expensive
 10.79 12.65 11.60
+2.98 σ
+2.10 σ
+3.04 σ
 +24.56% 07 Apr
EWP Spain 16.31
Expensive
Expensive
Expensive
 11.29 11.92 11.57
+4.04 σ
+3.43 σ
+3.12 σ
 +8.96% 07 Apr
EDEN Denmark 16.10
Fair
Fair
Fair
 16.46 18.10 16.56
-0.13 σ
-0.76 σ
-0.25 σ
 -5.11% 07 Apr
EWO Austria 15.81
Expensive
Expensive
Expensive
 8.38 9.64 9.95
+3.70 σ
+3.34 σ
+3.65 σ
 +9.38% 07 Apr
VNM Vietnam 15.80
Fair
Fair
-
 15.43 16.68 -
+0.16 σ
-0.30 σ
-
 -1.74% 07 Apr
EWW Mexico 15.52
Expensive
Overvalued
Fair
 12.52 13.66 14.28
+3.32 σ
+1.29 σ
+0.72 σ
 +11.27% 07 Apr
THD Thailand 15.52
Fair
Fair
Fair
 17.35 17.45 15.87
-0.87 σ
-0.97 σ
-0.14 σ
 +12.28% 07 Apr
EWM Malaysia 15.37
Overvalued
Fair
Fair
 14.40 15.09 14.72
+1.22 σ
+0.36 σ
+0.82 σ
 +5.36% 07 Apr
ECH Chile 15.05
Overvalued
Fair
Fair
 10.14 13.17 14.56
+1.99 σ
+0.68 σ
+0.27 σ
 +8.13% 07 Apr
EIRL Ireland 14.84
Fair
Fair
Fair
 14.97 15.57 16.17
-0.07 σ
-0.39 σ
-0.55 σ
 -0.63% 07 Apr
EPOL Poland 14.22
Overvalued
Expensive
Expensive
 10.16 11.05 11.46
+1.95 σ
+2.29 σ
+2.24 σ
 +8.87% 07 Apr
EWI Italy 14.19
Expensive
Overvalued
Overvalued
 10.61 11.46 11.16
+2.02 σ
+1.83 σ
+1.91 σ
 +4.75% 07 Apr
EWZ Brazil 14.18
Expensive
Expensive
Expensive
 7.99 10.04 10.02
+4.74 σ
+2.17 σ
+2.87 σ
 +19.51% 07 Apr
TUR Turkey 14.17
Expensive
Expensive
Expensive
 6.21 6.45 7.94
+3.73 σ
+6.24 σ
+3.85 σ
 +9.11% 07 Apr
INDA India 12.41
Cheap
Cheap
Undervalued
 23.07 20.73 18.00
-8.30 σ
-3.40 σ
-1.96 σ
 -10.38% 07 Apr
GREK Greece 12.41
Overvalued
Fair
Fair
 9.45 11.36 10.96
+1.54 σ
+0.54 σ
+0.66 σ
 +1.89% 07 Apr
COLO Colombia 12.20
Expensive
Overvalued
Fair
 7.21 9.46 12.38
+3.28 σ
+1.23 σ
-0.06 σ
 +13.07% 07 Apr
QAT Qatar 12.04
Fair
Undervalued
-
 12.91 13.39 -
-0.45 σ
-1.04 σ
-
 -4.00% 07 Apr
EIDO Indonesia 11.76
Fair
Undervalued
Undervalued
 12.83 14.14 13.67
-0.85 σ
-1.65 σ
-1.59 σ
 -14.39% 07 Apr
FXI China 10.22
Fair
Fair
Fair
 10.16 11.17 11.02
+0.06 σ
-0.71 σ
-0.47 σ
 -8.23% 07 Apr
EPHE Philippines 10.21
Fair
Undervalued
Cheap
 12.51 14.84 15.19
-0.94 σ
-1.76 σ
-2.26 σ
 -3.21% 07 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).