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)
EWT Taiwan 26.05
Expensive
Expensive
Expensive
 16.61 15.43 14.28
+3.18 σ
+5.39 σ
+6.40 σ
 +25.57% 14 Sep
ENZL New Zealand 24.95
Fair
Fair
Fair
 26.84 27.52 21.67
-0.49 σ
-0.65 σ
+0.60 σ
 -0.71% 14 Sep
VTI United States 24.48
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.52 σ
+1.31 σ
+2.40 σ
 +6.28% 14 Sep
EWL Switzerland 23.62
Overvalued
Expensive
Expensive
 20.22 18.64 16.06
+1.31 σ
+2.43 σ
+3.18 σ
 -1.60% 14 Sep
INDA India 21.99
Fair
Fair
Overvalued
 23.11 21.00 18.17
-0.89 σ
+0.42 σ
+1.31 σ
 -3.70% 14 Sep
EWA Australia 20.24
Fair
Overvalued
Expensive
 17.66 16.83 15.03
+0.96 σ
+1.74 σ
+2.85 σ
 +2.08% 14 Sep
EWC Canada 19.01
Fair
Overvalued
Expensive
 16.37 15.50 14.52
+0.94 σ
+1.89 σ
+3.38 σ
 +5.66% 14 Sep
EWJ Japan 18.97
Expensive
Expensive
Expensive
 14.99 14.60 14.44
+2.46 σ
+2.86 σ
+2.83 σ
 +9.14% 14 Sep
EWS Singapore 18.70
Expensive
Expensive
Expensive
 13.99 13.51 13.44
+2.75 σ
+4.46 σ
+5.21 σ
 +13.64% 14 Sep
EWN Netherlands 18.26
Fair
Fair
Overvalued
 17.44 17.24 14.56
+0.50 σ
+0.52 σ
+1.49 σ
 +4.46% 14 Sep
EWG Germany 17.91
Overvalued
Expensive
Expensive
 14.53 14.00 12.58
+1.34 σ
+2.23 σ
+3.64 σ
 +0.90% 14 Sep
EIS Israel 17.43
Expensive
Expensive
Expensive
 12.19 11.58 11.00
+2.24 σ
+4.05 σ
+4.13 σ
 +1.31% 14 Sep
EWQ France 17.41
Fair
Fair
Overvalued
 16.66 15.70 13.58
+0.37 σ
+0.96 σ
+1.75 σ
 -2.06% 14 Sep
EWU United Kingdom 16.84
Fair
Overvalued
Expensive
 13.85 13.50 12.44
+0.93 σ
+1.71 σ
+2.54 σ
 +3.26% 14 Sep
EDEN Denmark 16.26
Fair
Fair
Fair
 15.88 17.96 16.59
+0.18 σ
-0.63 σ
-0.18 σ
 +1.91% 14 Sep
EWP Spain 15.82
Expensive
Expensive
Expensive
 11.32 12.05 11.63
+3.46 σ
+2.64 σ
+2.63 σ
 +6.94% 14 Sep
EIRL Ireland 15.52
Overvalued
Fair
Fair
 14.55 15.53 16.23
+1.06 σ
-0.00 σ
-0.30 σ
 +10.08% 14 Sep
ARGT Argentina 15.33
Fair
Overvalued
Overvalued
 13.17 12.84 10.86
+0.98 σ
+1.74 σ
+1.72 σ
 +2.98% 14 Sep
EWI Italy 15.02
Expensive
Expensive
Expensive
 10.70 11.54 11.20
+2.29 σ
+2.21 σ
+2.35 σ
 +5.88% 14 Sep
EWK Belgium 14.97
Fair
Fair
Fair
 15.96 16.82 15.08
-0.39 σ
-0.97 σ
-0.04 σ
 +3.83% 14 Sep
EWD Sweden 14.53
Fair
Undervalued
Fair
 16.04 16.23 14.97
-0.73 σ
-1.10 σ
-0.28 σ
 +0.63% 14 Sep
THD Thailand 14.51
Undervalued
Undervalued
Fair
 16.80 17.18 15.97
-1.27 σ
-1.43 σ
-0.63 σ
 +6.74% 14 Sep
TUR Turkey 14.00
Expensive
Expensive
Expensive
 7.11 6.56 7.99
+2.21 σ
+4.97 σ
+3.62 σ
 +1.53% 14 Sep
VNM Vietnam 13.62
Fair
Undervalued
-
 15.01 16.91 -
-0.71 σ
-1.22 σ
-
 -4.85% 14 Sep
EPOL Poland 13.48
Overvalued
Overvalued
Overvalued
 10.13 11.10 11.48
+1.62 σ
+1.68 σ
+1.62 σ
 +16.35% 14 Sep
NORW Norway 13.41
Overvalued
Fair
Overvalued
 10.78 12.68 11.67
+1.37 σ
+0.39 σ
+1.04 σ
 +7.11% 14 Sep
EWH Hong Kong 13.23
Undervalued
Cheap
Undervalued
 15.51 15.46 15.28
-1.85 σ
-2.16 σ
-1.93 σ
 -0.01% 14 Sep
EWO Austria 13.03
Overvalued
Overvalued
Overvalued
 8.68 9.77 9.96
+1.72 σ
+1.66 σ
+1.89 σ
 +10.87% 14 Sep
EWW Mexico 12.38
Fair
Fair
Undervalued
 12.39 13.46 14.26
-0.02 σ
-0.84 σ
-1.09 σ
 -0.94% 14 Sep
GREK Greece 11.72
Overvalued
Fair
Fair
 9.34 11.32 10.91
+1.34 σ
+0.20 σ
+0.37 σ
 +18.26% 14 Sep
ECH Chile 11.68
Fair
Fair
Undervalued
 10.05 13.09 14.48
+0.70 σ
-0.51 σ
-1.55 σ
 -4.60% 14 Sep
QAT Qatar 11.23
Fair
Undervalued
-
 12.31 13.33 -
-0.73 σ
-1.54 σ
-
 -7.19% 14 Sep
COLO Colombia 11.02
Expensive
Fair
Fair
 7.27 9.44 12.26
+2.32 σ
+0.72 σ
-0.45 σ
 +24.67% 14 Sep
EWZ Brazil 10.44
Overvalued
Fair
Fair
 8.24 10.08 10.13
+1.36 σ
+0.19 σ
+0.22 σ
 +4.50% 14 Sep
EIDO Indonesia 9.77
Cheap
Cheap
Cheap
 12.41 13.91 13.66
-2.34 σ
-2.72 σ
-3.21 σ
 -15.18% 14 Sep
EWY South Korea 9.71
Fair
Fair
Fair
 10.85 10.40 9.99
-0.60 σ
-0.52 σ
-0.27 σ
 +17.61% 14 Sep
FXI China 9.10
Fair
Undervalued
Undervalued
 9.87 11.11 10.95
-0.98 σ
-1.46 σ
-1.10 σ
 -4.80% 14 Sep
EZA South Africa 8.90
Fair
Undervalued
Undervalued
 10.69 11.86 11.89
-0.98 σ
-1.52 σ
-1.74 σ
 -1.06% 14 Sep
EPU Perù 8.74
Undervalued
Cheap
Cheap
 12.32 12.89 12.41
-1.75 σ
-2.79 σ
-2.61 σ
 +6.66% 14 Sep
EPHE Philippines 7.91
Undervalued
Cheap
Cheap
 11.73 14.40 15.14
-1.75 σ
-2.35 σ
-3.16 σ
 -4.45% 14 Sep
EWM Malaysia 7.84
Cheap
Cheap
Cheap
 14.45 15.03 14.75
-8.22 σ
-9.03 σ
-9.01 σ
 -1.84% 14 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).