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 27.60
Fair
Fair
Overvalued
 26.98 27.41 21.39
+0.16 σ
+0.05 σ
+1.12 σ
 -0.44% 09:30 AM
VTI United States 25.80
Overvalued
Overvalued
Expensive
 22.71 20.15 16.80
+1.21 σ
+1.96 σ
+3.06 σ
 +8.65% 09:30 AM
EWT Taiwan 24.50
Expensive
Expensive
Expensive
 16.11 15.15 14.13
+3.38 σ
+5.10 σ
+6.01 σ
 +37.67% 09:30 AM
EWL Switzerland 22.12
Fair
Expensive
Expensive
 19.89 18.37 15.90
+0.94 σ
+2.02 σ
+2.75 σ
 +4.57% 09:30 AM
EWA Australia 20.78
Overvalued
Expensive
Expensive
 17.33 16.64 14.90
+1.37 σ
+2.27 σ
+3.43 σ
 +6.11% 09:30 AM
INDA India 20.42
Cheap
Fair
Fair
 23.07 20.77 18.01
-2.07 σ
-0.14 σ
+0.84 σ
 -9.00% 09:30 AM
EWY South Korea 20.10
Expensive
Expensive
Expensive
 10.49 10.27 9.93
+7.79 σ
+8.50 σ
+10.41 σ
 +69.30% 09:30 AM
EWC Canada 19.52
Overvalued
Expensive
Expensive
 15.99 15.38 14.44
+1.36 σ
+2.48 σ
+4.08 σ
 +8.99% 09:30 AM
EWH Hong Kong 18.39
Expensive
Expensive
Expensive
 15.47 15.34 15.24
+2.49 σ
+3.17 σ
+3.09 σ
 +7.68% 09:30 AM
EWU United Kingdom 17.91
Overvalued
Expensive
Expensive
 13.44 13.41 12.35
+1.47 σ
+2.45 σ
+3.34 σ
 +4.95% 09:30 AM
EWK Belgium 17.90
Fair
Fair
Overvalued
 16.11 16.88 14.95
+0.68 σ
+0.53 σ
+1.13 σ
 +8.20% 09:30 AM
EIS Israel 17.52
Expensive
Expensive
Expensive
 11.95 11.42 10.98
+2.76 σ
+4.57 σ
+4.28 σ
 +22.77% 09:30 AM
EWJ Japan 17.50
Overvalued
Expensive
Overvalued
 14.84 14.40 14.43
+1.85 σ
+2.15 σ
+1.95 σ
 +9.72% 09:30 AM
EWQ France 17.28
Fair
Overvalued
Overvalued
 16.58 15.52 13.45
+0.36 σ
+1.01 σ
+1.81 σ
 +0.80% 09:30 AM
EWN Netherlands 17.14
Fair
Fair
Overvalued
 17.66 17.02 14.40
-0.25 σ
+0.06 σ
+1.14 σ
 +9.46% 09:30 AM
EWG Germany 16.87
Overvalued
Overvalued
Expensive
 14.26 13.78 12.49
+1.14 σ
+1.94 σ
+3.18 σ
 +0.23% 09:30 AM
NORW Norway 16.62
Expensive
Expensive
Expensive
 10.79 12.66 11.61
+3.02 σ
+2.13 σ
+3.07 σ
 +19.04% 09:30 AM
VNM Vietnam 16.58
Fair
Fair
-
 15.32 16.73 -
+0.54 σ
-0.05 σ
-
 +6.13% 09:30 AM
TUR Turkey 16.45
Expensive
Expensive
Expensive
 6.38 6.45 7.94
+4.27 σ
+7.97 σ
+5.24 σ
 +16.89% 09:30 AM
EDEN Denmark 16.43
Fair
Fair
Fair
 16.28 18.06 16.55
+0.06 σ
-0.61 σ
-0.07 σ
 +1.13% 09:30 AM
EWS Singapore 16.03
Overvalued
Expensive
Expensive
 13.77 13.36 13.39
+1.49 σ
+2.50 σ
+2.74 σ
 +2.12% 09:30 AM
THD Thailand 15.85
Fair
Fair
Fair
 17.23 17.41 15.89
-0.68 σ
-0.78 σ
-0.02 σ
 +11.67% 09:30 AM
EWD Sweden 15.55
Fair
Fair
Fair
 16.33 16.19 14.90
-0.35 σ
-0.41 σ
+0.41 σ
 +2.52% 09:30 AM
EWM Malaysia 15.36
Overvalued
Fair
Fair
 14.43 15.09 14.73
+1.16 σ
+0.36 σ
+0.80 σ
 +10.45% 09:30 AM
ARGT Argentina 15.33
Overvalued
Overvalued
Overvalued
 12.85 12.63 10.73
+1.20 σ
+1.99 σ
+1.80 σ
 +3.66% 09:30 AM
EWP Spain 14.21
Expensive
Overvalued
Overvalued
 11.29 11.94 11.58
+2.35 σ
+1.75 σ
+1.72 σ
 +7.38% 09:30 AM
EWW Mexico 14.16
Overvalued
Fair
Fair
 12.53 13.63 14.27
+1.80 σ
+0.37 σ
-0.06 σ
 +13.13% 09:30 AM
EPU Perù 14.00
Fair
Fair
Overvalued
 12.13 12.84 12.31
+0.93 σ
+0.79 σ
+1.18 σ
 +16.94% 09:30 AM
EWO Austria 13.64
Expensive
Expensive
Expensive
 8.41 9.65 9.95
+2.52 σ
+2.15 σ
+2.30 σ
 +15.38% 09:30 AM
EIRL Ireland 13.23
Undervalued
Undervalued
Undervalued
 14.83 15.54 16.17
-1.02 σ
-1.23 σ
-1.21 σ
 +3.94% 09:30 AM
ECH Chile 12.95
Overvalued
Fair
Fair
 10.12 13.15 14.55
+1.16 σ
-0.07 σ
-0.88 σ
 +6.15% 09:30 AM
EWI Italy 12.91
Overvalued
Fair
Overvalued
 10.61 11.46 11.17
+1.29 σ
+0.96 σ
+1.09 σ
 +9.34% 09:30 AM
EWZ Brazil 12.54
Expensive
Overvalued
Overvalued
 8.01 10.05 10.04
+3.38 σ
+1.30 σ
+1.72 σ
 +14.09% 09:30 AM
EPOL Poland 12.31
Overvalued
Fair
Fair
 10.13 11.05 11.45
+1.06 σ
+0.91 σ
+0.70 σ
 +10.74% 09:30 AM
QAT Qatar 11.38
Fair
Undervalued
-
 12.78 13.38 -
-0.75 σ
-1.52 σ
-
 -2.26% 09:30 AM
COLO Colombia 10.99
Expensive
Fair
Fair
 7.21 9.45 12.35
+2.49 σ
+0.70 σ
-0.48 σ
 -0.25% 09:30 AM
GREK Greece 10.93
Fair
Fair
Fair
 9.40 11.35 10.93
+0.82 σ
-0.21 σ
-0.00 σ
 +7.95% 09:30 AM
EIDO Indonesia 10.73
Undervalued
Cheap
Cheap
 12.74 14.10 13.67
-1.63 σ
-2.30 σ
-2.44 σ
 -17.43% 09:30 AM
FXI China 10.10
Fair
Fair
Fair
 10.10 11.17 11.00
+0.01 σ
-0.79 σ
-0.53 σ
 -3.64% 09:30 AM
EZA South Africa 9.91
Fair
Undervalued
Undervalued
 10.73 12.08 11.91
-0.45 σ
-1.10 σ
-1.18 σ
 +4.77% 09:30 AM
EPHE Philippines 8.26
Undervalued
Cheap
Cheap
 12.38 14.76 15.18
-1.67 σ
-2.43 σ
-3.11 σ
 -2.94% 09:30 AM
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).