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 27.07
Expensive
Expensive
Expensive
 16.79 15.51 14.32
+3.30 σ
+5.69 σ
+6.80 σ
 +18.52% 21 Oct
ENZL New Zealand 25.99
Fair
Fair
Fair
 26.77 27.54 21.73
-0.20 σ
-0.39 σ
+0.78 σ
 -0.65% 21 Oct
EWL Switzerland 25.67
Expensive
Expensive
Expensive
 20.31 18.70 16.10
+2.05 σ
+3.33 σ
+3.97 σ
 +2.41% 21 Oct
VTI United States 24.15
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.38 σ
+1.18 σ
+2.25 σ
 +5.86% 21 Oct
INDA India 22.16
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.69 σ
+0.48 σ
+1.36 σ
 -4.32% 21 Oct
EWA Australia 21.03
Overvalued
Expensive
Expensive
 17.72 16.86 15.06
+1.22 σ
+2.10 σ
+3.21 σ
 +1.52% 21 Oct
EWC Canada 19.91
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.23 σ
+2.34 σ
+3.96 σ
 +5.56% 21 Oct
EWN Netherlands 18.69
Fair
Fair
Overvalued
 17.40 17.28 14.59
+0.83 σ
+0.72 σ
+1.64 σ
 +1.10% 21 Oct
EWS Singapore 18.62
Expensive
Expensive
Expensive
 14.05 13.55 13.45
+2.58 σ
+4.25 σ
+5.06 σ
 +3.52% 21 Oct
EWG Germany 18.09
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.37 σ
+2.27 σ
+3.68 σ
 -1.43% 21 Oct
EWQ France 17.37
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.35 σ
+0.92 σ
+1.72 σ
 -6.75% 21 Oct
EIS Israel 17.29
Expensive
Expensive
Expensive
 12.29 11.63 11.00
+2.05 σ
+3.84 σ
+4.02 σ
 -0.85% 21 Oct
EWU United Kingdom 17.02
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.95 σ
+1.79 σ
+2.60 σ
 +1.74% 21 Oct
EDEN Denmark 16.81
Fair
Fair
Fair
 15.79 17.93 16.60
+0.51 σ
-0.42 σ
+0.12 σ
 +1.18% 21 Oct
EIRL Ireland 16.25
Expensive
Fair
Fair
 14.51 15.52 16.24
+2.04 σ
+0.39 σ
+0.00 σ
 +5.38% 21 Oct
EWP Spain 16.08
Expensive
Expensive
Expensive
 11.34 12.08 11.64
+3.49 σ
+2.74 σ
+2.77 σ
 +0.92% 21 Oct
EWJ Japan 15.02
Fair
Fair
Fair
 15.04 14.64 14.45
-0.01 σ
+0.24 σ
+0.35 σ
 +4.70% 21 Oct
EWD Sweden 14.91
Fair
Fair
Fair
 15.96 16.22 14.98
-0.51 σ
-0.84 σ
-0.04 σ
 -0.88% 21 Oct
EWK Belgium 14.80
Fair
Undervalued
Fair
 15.88 16.76 15.10
-0.43 σ
-1.03 σ
-0.12 σ
 -1.35% 21 Oct
THD Thailand 14.49
Undervalued
Undervalued
Fair
 16.67 17.15 15.98
-1.23 σ
-1.42 σ
-0.65 σ
 +0.57% 21 Oct
EWI Italy 14.49
Overvalued
Overvalued
Expensive
 10.74 11.57 11.21
+1.94 σ
+1.84 σ
+2.00 σ
 -3.13% 21 Oct
EWO Austria 13.98
Expensive
Expensive
Expensive
 8.74 9.80 9.97
+2.02 σ
+2.11 σ
+2.46 σ
 +1.20% 21 Oct
VNM Vietnam 13.88
Fair
Undervalued
-
 14.89 16.92 -
-0.53 σ
-1.13 σ
-
 -5.79% 21 Oct
ARGT Argentina 13.79
Fair
Fair
Overvalued
 13.20 12.87 10.85
+0.27 σ
+0.65 σ
+1.15 σ
 -5.36% 21 Oct
EPOL Poland 13.72
Overvalued
Overvalued
Overvalued
 10.14 11.11 11.49
+1.73 σ
+1.83 σ
+1.80 σ
 +12.41% 21 Oct
NORW Norway 13.70
Overvalued
Fair
Overvalued
 10.76 12.67 11.69
+1.56 σ
+0.55 σ
+1.21 σ
 +3.63% 21 Oct
EWH Hong Kong 13.11
Undervalued
Cheap
Cheap
 15.44 15.44 15.27
-1.86 σ
-2.21 σ
-2.02 σ
 -3.33% 21 Oct
EWW Mexico 12.85
Fair
Fair
Fair
 12.35 13.41 14.25
+0.69 σ
-0.44 σ
-0.80 σ
 -0.64% 21 Oct
EWM Malaysia 12.84
Undervalued
Cheap
Cheap
 14.44 15.01 14.74
-1.94 σ
-2.66 σ
-2.48 σ
 -6.10% 21 Oct
GREK Greece 12.55
Overvalued
Fair
Fair
 9.32 11.31 10.90
+1.84 σ
+0.64 σ
+0.77 σ
 +8.46% 21 Oct
ECH Chile 12.18
Fair
Fair
Undervalued
 10.03 13.05 14.45
+0.93 σ
-0.32 σ
-1.25 σ
 -9.23% 21 Oct
TUR Turkey 11.08
Overvalued
Expensive
Overvalued
 7.26 6.60 7.99
+1.21 σ
+2.82 σ
+1.85 σ
 -18.00% 21 Oct
EZA South Africa 10.88
Fair
Fair
Fair
 10.68 11.80 11.88
+0.11 σ
-0.47 σ
-0.58 σ
 -5.12% 21 Oct
EWZ Brazil 10.71
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.47 σ
+0.34 σ
+0.40 σ
 +14.61% 21 Oct
COLO Colombia 10.26
Overvalued
Fair
Fair
 7.29 9.43 12.22
+1.81 σ
+0.38 σ
-0.71 σ
 +13.85% 21 Oct
QAT Qatar 10.10
Undervalued
Cheap
-
 12.20 13.29 -
-1.51 σ
-2.31 σ
-
 -16.01% 21 Oct
FXI China 9.10
Fair
Undervalued
Undervalued
 9.82 11.08 10.94
-0.94 σ
-1.42 σ
-1.08 σ
 -8.30% 21 Oct
EPU Perù 8.98
Undervalued
Cheap
Cheap
 12.32 12.86 12.41
-1.63 σ
-2.55 σ
-2.44 σ
 +3.16% 21 Oct
EWY South Korea 8.65
Undervalued
Undervalued
Undervalued
 10.84 10.40 9.98
-1.16 σ
-1.32 σ
-1.30 σ
 -2.55% 21 Oct
EIDO Indonesia 7.95
Cheap
Cheap
Cheap
 12.32 13.86 13.66
-3.92 σ
-3.85 σ
-4.68 σ
 -26.30% 21 Oct
EPHE Philippines 7.80
Undervalued
Cheap
Cheap
 11.56 14.31 15.13
-1.80 σ
-2.35 σ
-3.17 σ
 -8.12% 21 Oct
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).