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)
ENZL New Zealand 28.67
Fair
Fair
Overvalued
 27.14 27.32 21.25
+0.38 σ
+0.33 σ
+1.34 σ
 -6.26% 12:59 PM
VTI United States 26.87
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.76 σ
+2.46 σ
+3.56 σ
 +0.01% 01:00 PM
EWT Taiwan 23.54
Expensive
Expensive
Expensive
 16.01 15.02 14.05
+3.24 σ
+4.78 σ
+5.66 σ
 +11.12% 01:00 PM
EWL Switzerland 22.76
Overvalued
Expensive
Expensive
 19.71 18.24 15.83
+1.32 σ
+2.54 σ
+3.15 σ
 +0.20% 12:59 PM
EWA Australia 22.03
Overvalued
Expensive
Expensive
 17.19 16.53 14.85
+1.99 σ
+3.14 σ
+4.34 σ
 +2.90% 01:00 PM
EWY South Korea 20.68
Expensive
Expensive
Expensive
 10.45 10.22 9.91
+8.91 σ
+9.64 σ
+11.34 σ
 +38.43% 01:00 PM
EWH Hong Kong 20.03
Expensive
Expensive
Expensive
 15.46 15.28 15.23
+3.96 σ
+5.12 σ
+4.78 σ
 +4.58% 12:59 PM
EWC Canada 19.67
Overvalued
Expensive
Expensive
 15.82 15.30 14.41
+1.55 σ
+2.81 σ
+4.35 σ
 +6.66% 12:58 PM
EWQ France 19.42
Overvalued
Expensive
Expensive
 16.56 15.43 13.40
+1.47 σ
+2.33 σ
+2.91 σ
 -3.30% 12:58 PM
EWJ Japan 19.14
Expensive
Expensive
Expensive
 14.84 14.29 14.43
+3.01 σ
+3.42 σ
+2.99 σ
 +3.27% 12:59 PM
EWU United Kingdom 19.13
Expensive
Expensive
Expensive
 13.24 13.38 12.32
+2.06 σ
+3.25 σ
+4.18 σ
 +4.23% 01:00 PM
EWK Belgium 18.73
Fair
Fair
Overvalued
 16.15 16.90 14.88
+0.96 σ
+0.93 σ
+1.47 σ
 -0.83% 12:56 PM
EWN Netherlands 18.53
Fair
Fair
Overvalued
 17.92 16.96 14.35
+0.25 σ
+0.81 σ
+1.76 σ
 +1.45% 12:59 PM
EWG Germany 17.69
Overvalued
Expensive
Expensive
 14.19 13.68 12.46
+1.58 σ
+2.66 σ
+3.92 σ
 -6.55% 12:59 PM
EWD Sweden 17.39
Fair
Fair
Overvalued
 16.45 16.15 14.88
+0.40 σ
+0.79 σ
+1.59 σ
 -0.37% 12:59 PM
EIS Israel 17.16
Expensive
Expensive
Expensive
 11.90 11.35 10.98
+2.70 σ
+4.50 σ
+4.05 σ
 +15.37% 12:53 PM
ARGT Argentina 16.85
Expensive
Expensive
Expensive
 12.65 12.50 10.68
+2.15 σ
+3.30 σ
+2.46 σ
 +2.83% 12:55 PM
EWS Singapore 16.56
Overvalued
Expensive
Expensive
 13.69 13.28 13.39
+1.99 σ
+3.16 σ
+3.34 σ
 -0.40% 12:59 PM
EPU Perù 16.30
Expensive
Expensive
Expensive
 12.09 12.83 12.31
+2.17 σ
+2.40 σ
+2.77 σ
 +18.72% 12:59 PM
EWM Malaysia 15.87
Overvalued
Overvalued
Overvalued
 14.36 15.09 14.71
+1.93 σ
+1.03 σ
+1.47 σ
 +10.13% 12:56 PM
EZA South Africa 15.77
Expensive
Overvalued
Expensive
 10.68 12.13 11.91
+2.97 σ
+1.86 σ
+2.31 σ
 -0.44% 12:59 PM
EWP Spain 15.56
Expensive
Expensive
Expensive
 11.29 11.89 11.56
+3.43 σ
+2.94 σ
+2.65 σ
 +5.39% 12:59 PM
NORW Norway 15.41
Expensive
Overvalued
Expensive
 10.79 12.64 11.58
+2.39 σ
+1.50 σ
+2.38 σ
 +17.91% 12:59 PM
EDEN Denmark 15.24
Fair
Undervalued
Fair
 16.62 18.14 16.55
-0.46 σ
-1.09 σ
-0.71 σ
 -10.23% 12:34 PM
EWO Austria 15.07
Expensive
Expensive
Expensive
 8.35 9.63 9.95
+3.45 σ
+2.97 σ
+3.19 σ
 +5.63% 12:59 PM
VNM Vietnam 15.06
Fair
Fair
-
 15.52 16.63 -
-0.18 σ
-0.52 σ
-
 -5.06% 12:56 PM
THD Thailand 14.88
Undervalued
Undervalued
Fair
 17.47 17.50 15.84
-1.19 σ
-1.30 σ
-0.40 σ
 +9.38% 12:45 PM
EWW Mexico 14.76
Expensive
Fair
Fair
 12.52 13.67 14.27
+2.48 σ
+0.74 σ
+0.28 σ
 +7.29% 12:59 PM
ECH Chile 14.60
Overvalued
Fair
Fair
 10.14 13.17 14.57
+1.81 σ
+0.52 σ
+0.02 σ
 +6.40% 12:58 PM
EIRL Ireland 14.52
Fair
Fair
Fair
 15.09 15.59 16.16
-0.30 σ
-0.57 σ
-0.68 σ
 -2.22% 12:59 PM
TUR Turkey 14.02
Expensive
Expensive
Expensive
 6.08 6.44 7.94
+4.11 σ
+6.25 σ
+3.76 σ
 +9.43% 12:56 PM
EWZ Brazil 13.49
Expensive
Overvalued
Expensive
 7.97 10.03 9.99
+4.36 σ
+1.83 σ
+2.41 σ
 +15.77% 01:00 PM
EWI Italy 13.38
Overvalued
Overvalued
Overvalued
 10.61 11.44 11.16
+1.56 σ
+1.31 σ
+1.39 σ
 -0.35% 12:58 PM
EPOL Poland 13.24
Overvalued
Overvalued
Overvalued
 10.15 11.04 11.45
+1.48 σ
+1.60 σ
+1.46 σ
 +2.58% 12:57 PM
INDA India 12.20
Cheap
Cheap
Cheap
 23.10 20.73 18.02
-8.82 σ
-3.49 σ
-2.05 σ
 -12.04% 12:59 PM
QAT Qatar 11.86
Fair
Undervalued
-
 13.01 13.38 -
-0.57 σ
-1.17 σ
-
 -5.00% 12:48 PM
EIDO Indonesia 11.83
Fair
Undervalued
Undervalued
 12.89 14.17 13.66
-0.82 σ
-1.64 σ
-1.51 σ
 -14.07% 12:57 PM
GREK Greece 11.77
Overvalued
Fair
Fair
 9.47 11.35 10.97
+1.19 σ
+0.21 σ
+0.36 σ
 -2.42% 12:54 PM
COLO Colombia 11.71
Expensive
Overvalued
Fair
 7.21 9.46 12.41
+2.95 σ
+1.01 σ
-0.24 σ
 +10.38% 12:55 PM
FXI China 10.21
Fair
Fair
Fair
 10.21 11.17 11.02
-0.00 σ
-0.71 σ
-0.48 σ
 -8.03% 12:59 PM
EPHE Philippines 10.04
Undervalued
Undervalued
Cheap
 12.63 14.92 15.20
-1.04 σ
-1.87 σ
-2.37 σ
 -4.82% 12:38 PM
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).