Global P/E Ratios by Country
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 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 27.73 |
Expensive
|
Expensive
|
Expensive
|
16.61 | 15.43 | 14.28 |
+3.75 σ
|
+6.24 σ
|
+7.31 σ
|
+29.67% | 09:30 AM |
|
|
ENZL | New Zealand | 24.54 |
Fair
|
Fair
|
Fair
|
26.84 | 27.52 | 21.67 |
-0.60 σ
|
-0.75 σ
|
+0.52 σ
|
-2.31% | 09:30 AM |
|
|
VTI | United States | 23.90 |
Fair
|
Overvalued
|
Expensive
|
23.07 | 20.51 | 17.01 |
+0.31 σ
|
+1.12 σ
|
+2.21 σ
|
+5.77% | 09:30 AM |
|
|
EWL | Switzerland | 23.42 |
Overvalued
|
Expensive
|
Expensive
|
20.22 | 18.64 | 16.06 |
+1.23 σ
|
+2.33 σ
|
+3.10 σ
|
-2.67% | 09:30 AM |
|
|
INDA | India | 21.31 |
Undervalued
|
Fair
|
Overvalued
|
23.11 | 21.00 | 18.17 |
-1.42 σ
|
+0.13 σ
|
+1.08 σ
|
-6.03% | 09:30 AM |
|
|
EWA | Australia | 19.76 |
Fair
|
Overvalued
|
Expensive
|
17.66 | 16.83 | 15.03 |
+0.78 σ
|
+1.49 σ
|
+2.59 σ
|
-0.83% | 09:30 AM |
|
|
EWN | Netherlands | 18.82 |
Fair
|
Fair
|
Overvalued
|
17.44 | 17.24 | 14.56 |
+0.85 σ
|
+0.80 σ
|
+1.71 σ
|
+6.82% | 09:30 AM |
|
|
EWJ | Japan | 18.77 |
Expensive
|
Expensive
|
Expensive
|
14.99 | 14.60 | 14.44 |
+2.34 σ
|
+2.72 σ
|
+2.70 σ
|
+7.01% | 09:30 AM |
|
|
EWS | Singapore | 18.59 |
Expensive
|
Expensive
|
Expensive
|
13.99 | 13.51 | 13.44 |
+2.68 σ
|
+4.36 σ
|
+5.10 σ
|
+11.83% | 09:30 AM |
|
|
EWC | Canada | 18.51 |
Fair
|
Overvalued
|
Expensive
|
16.37 | 15.50 | 14.52 |
+0.76 σ
|
+1.63 σ
|
+3.01 σ
|
+2.21% | 09:30 AM |
|
|
EWG | Germany | 17.57 |
Overvalued
|
Expensive
|
Expensive
|
14.53 | 14.00 | 12.58 |
+1.20 σ
|
+2.04 σ
|
+3.40 σ
|
-1.17% | 09:30 AM |
|
|
EIS | Israel | 17.20 |
Expensive
|
Expensive
|
Expensive
|
12.19 | 11.58 | 11.00 |
+2.15 σ
|
+3.89 σ
|
+3.98 σ
|
-0.80% | 09:30 AM |
|
|
EWQ | France | 16.92 |
Fair
|
Fair
|
Overvalued
|
16.66 | 15.70 | 13.58 |
+0.13 σ
|
+0.68 σ
|
+1.53 σ
|
-4.72% | 09:30 AM |
|
|
EWU | United Kingdom | 16.47 |
Fair
|
Overvalued
|
Expensive
|
13.85 | 13.50 | 12.44 |
+0.81 σ
|
+1.52 σ
|
+2.32 σ
|
+0.46% | 09:30 AM |
|
|
EDEN | Denmark | 15.62 |
Fair
|
Fair
|
Fair
|
15.88 | 17.96 | 16.59 |
-0.13 σ
|
-0.87 σ
|
-0.54 σ
|
-2.15% | 09:30 AM |
|
|
EWP | Spain | 15.58 |
Expensive
|
Expensive
|
Expensive
|
11.32 | 12.05 | 11.63 |
+3.27 σ
|
+2.46 σ
|
+2.48 σ
|
+4.40% | 09:30 AM |
|
|
EIRL | Ireland | 15.44 |
Fair
|
Fair
|
Fair
|
14.55 | 15.53 | 16.23 |
+0.98 σ
|
-0.05 σ
|
-0.33 σ
|
+8.73% | 09:30 AM |
|
|
EWI | Italy | 14.69 |
Expensive
|
Expensive
|
Expensive
|
10.70 | 11.54 | 11.20 |
+2.12 σ
|
+2.00 σ
|
+2.15 σ
|
+2.83% | 09:30 AM |
|
|
EWK | Belgium | 14.52 |
Fair
|
Undervalued
|
Fair
|
15.96 | 16.82 | 15.08 |
-0.57 σ
|
-1.20 σ
|
-0.22 σ
|
+0.14% | 09:30 AM |
|
|
THD | Thailand | 14.30 |
Undervalued
|
Undervalued
|
Fair
|
16.80 | 17.18 | 15.97 |
-1.39 σ
|
-1.55 σ
|
-0.73 σ
|
+4.08% | 09:30 AM |
|
|
EWD | Sweden | 14.28 |
Fair
|
Undervalued
|
Fair
|
16.04 | 16.23 | 14.97 |
-0.86 σ
|
-1.26 σ
|
-0.44 σ
|
-1.50% | 09:30 AM |
|
|
ARGT | Argentina | 13.83 |
Fair
|
Fair
|
Overvalued
|
13.17 | 12.84 | 10.86 |
+0.30 σ
|
+0.69 σ
|
+1.14 σ
|
-7.06% | 09:30 AM |
|
|
VNM | Vietnam | 13.46 |
Fair
|
Undervalued
|
-
|
15.01 | 16.91 | - |
-0.78 σ
|
-1.28 σ
|
-
|
-5.64% | 09:30 AM |
|
|
EPOL | Poland | 13.20 |
Overvalued
|
Overvalued
|
Overvalued
|
10.13 | 11.10 | 11.48 |
+1.49 σ
|
+1.48 σ
|
+1.39 σ
|
+12.20% | 09:30 AM |
|
|
EWO | Austria | 13.11 |
Overvalued
|
Overvalued
|
Overvalued
|
8.68 | 9.77 | 9.96 |
+1.75 σ
|
+1.70 σ
|
+1.93 σ
|
+9.92% | 09:30 AM |
|
|
EWH | Hong Kong | 12.94 |
Cheap
|
Cheap
|
Cheap
|
15.51 | 15.46 | 15.28 |
-2.08 σ
|
-2.44 σ
|
-2.21 σ
|
-2.31% | 09:30 AM |
|
|
NORW | Norway | 12.79 |
Overvalued
|
Fair
|
Fair
|
10.78 | 12.68 | 11.67 |
+1.04 σ
|
+0.06 σ
|
+0.67 σ
|
+0.93% | 09:30 AM |
|
|
TUR | Turkey | 12.23 |
Overvalued
|
Expensive
|
Expensive
|
7.11 | 6.56 | 7.99 |
+1.65 σ
|
+3.79 σ
|
+2.56 σ
|
-11.64% | 09:30 AM |
|
|
EWW | Mexico | 11.92 |
Fair
|
Undervalued
|
Undervalued
|
12.39 | 13.46 | 14.26 |
-0.62 σ
|
-1.20 σ
|
-1.35 σ
|
-4.94% | 09:30 AM |
|
|
GREK | Greece | 11.60 |
Overvalued
|
Fair
|
Fair
|
9.34 | 11.32 | 10.91 |
+1.27 σ
|
+0.14 σ
|
+0.32 σ
|
+15.43% | 09:30 AM |
|
|
ECH | Chile | 11.32 |
Fair
|
Fair
|
Undervalued
|
10.05 | 13.09 | 14.48 |
+0.54 σ
|
-0.64 σ
|
-1.75 σ
|
-7.75% | 09:30 AM |
|
|
QAT | Qatar | 10.60 |
Undervalued
|
Undervalued
|
-
|
12.31 | 13.33 | - |
-1.15 σ
|
-2.00 σ
|
-
|
-11.82% | 09:30 AM |
|
|
EWY | South Korea | 10.31 |
Fair
|
Fair
|
Fair
|
10.85 | 10.40 | 9.99 |
-0.28 σ
|
-0.07 σ
|
+0.32 σ
|
+20.83% | 09:30 AM |
|
|
EWZ | Brazil | 10.10 |
Overvalued
|
Fair
|
Fair
|
8.24 | 10.08 | 10.13 |
+1.14 σ
|
+0.01 σ
|
-0.02 σ
|
+0.43% | 09:30 AM |
|
|
COLO | Colombia | 10.01 |
Overvalued
|
Fair
|
Fair
|
7.27 | 9.44 | 12.26 |
+1.70 σ
|
+0.26 σ
|
-0.81 σ
|
+11.58% | 09:30 AM |
|
|
EIDO | Indonesia | 8.94 |
Cheap
|
Cheap
|
Cheap
|
12.41 | 13.91 | 13.66 |
-3.07 σ
|
-3.26 σ
|
-3.89 σ
|
-20.47% | 09:30 AM |
|
|
FXI | China | 8.84 |
Undervalued
|
Undervalued
|
Undervalued
|
9.87 | 11.11 | 10.95 |
-1.31 σ
|
-1.64 σ
|
-1.25 σ
|
-6.77% | 09:30 AM |
|
|
EPU | Perù | 8.83 |
Undervalued
|
Cheap
|
Cheap
|
12.32 | 12.89 | 12.41 |
-1.71 σ
|
-2.73 σ
|
-2.54 σ
|
+5.96% | 09:30 AM |
|
|
EZA | South Africa | 8.43 |
Undervalued
|
Undervalued
|
Cheap
|
10.69 | 11.86 | 11.89 |
-1.24 σ
|
-1.76 σ
|
-2.01 σ
|
-6.33% | 09:30 AM |
|
|
EWM | Malaysia | 7.68 |
Cheap
|
Cheap
|
Cheap
|
14.45 | 15.03 | 14.75 |
-8.43 σ
|
-9.24 σ
|
-9.22 σ
|
-4.11% | 09:30 AM |
|
|
EPHE | Philippines | 7.55 |
Undervalued
|
Cheap
|
Cheap
|
11.73 | 14.40 | 15.14 |
-1.92 σ
|
-2.49 σ
|
-3.32 σ
|
-8.59% | 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).