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

It is important to consider the P/E Ratio of a market before investing because it gives an indication of how much investors are willing to pay per dollar of earnings.

A market with a high P/E ratio may indicate that investors are optimistic about future earnings, but may also be overvalued. Similarly, a low P/E ratio may indicate undervaluation but may also indicate low growth prospects.

Therefore, comparing the current P/E ratio to historical values can help investors make informed decisions and identify potential risks and opportunities.

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 29.48
Fair
Fair
Overvalued
 27.61 26.79 20.76
+0.42 σ
+0.64 σ
+1.61 σ
 +5.12% 15 Sep
VTI United States 26.79
Expensive
Expensive
Expensive
 22.11 19.40 16.46
+2.26 σ
+2.94 σ
+3.93 σ
 +10.60% 15 Sep
INDA India 23.69
Fair
Overvalued
Expensive
 22.91 20.30 17.77
+0.65 σ
+1.39 σ
+2.19 σ
 +1.41% 15 Sep
EWL Switzerland 22.08
Overvalued
Expensive
Expensive
 19.22 17.87 15.68
+1.41 σ
+2.78 σ
+3.10 σ
 +6.65% 15 Sep
EWA Australia 21.40
Expensive
Expensive
Expensive
 16.97 16.19 14.70
+2.03 σ
+3.38 σ
+4.56 σ
 +9.31% 15 Sep
EWD Sweden 21.20
Expensive
Expensive
Expensive
 16.19 15.83 14.76
+2.48 σ
+3.84 σ
+4.38 σ
 +10.19% 15 Sep
EWH Hong Kong 20.25
Expensive
Expensive
Expensive
 15.37 15.07 15.17
+4.80 σ
+5.92 σ
+5.41 σ
 +19.13% 15 Sep
VNM Vietnam 19.78
Overvalued
-
-
 15.86 - -
+1.24 σ
-
-
 +37.66% 15 Sep
EWC Canada 19.00
Overvalued
Expensive
Expensive
 15.37 15.02 14.32
+1.81 σ
+3.13 σ
+4.20 σ
 +15.28% 15 Sep
EWU United Kingdom 18.82
Expensive
Expensive
Expensive
 12.72 13.24 12.23
+2.73 σ
+3.59 σ
+4.33 σ
 +10.91% 15 Sep
EWG Germany 18.76
Expensive
Expensive
Expensive
 13.90 13.39 12.37
+2.70 σ
+4.33 σ
+5.28 σ
 +8.16% 15 Sep
EWQ France 18.41
Overvalued
Expensive
Expensive
 16.40 15.15 13.23
+1.12 σ
+2.05 σ
+2.68 σ
 +8.34% 15 Sep
EWK Belgium 17.09
Fair
Fair
Fair
 16.30 16.86 14.69
+0.28 σ
+0.12 σ
+0.93 σ
 +11.28% 15 Sep
EWT Taiwan 16.94
Fair
Overvalued
Expensive
 15.84 14.61 13.86
+0.51 σ
+1.36 σ
+2.00 σ
 +17.26% 15 Sep
EWJ Japan 16.89
Overvalued
Expensive
Overvalued
 14.87 14.09 14.43
+1.37 σ
+2.23 σ
+1.55 σ
 +13.65% 15 Sep
EWS Singapore 15.75
Overvalued
Expensive
Expensive
 13.49 13.05 13.34
+1.86 σ
+2.71 σ
+2.70 σ
 +17.79% 15 Sep
EWN Netherlands 14.94
Undervalued
Fair
Fair
 18.47 16.75 14.17
-1.22 σ
-0.91 σ
+0.33 σ
 +12.31% 15 Sep
EWM Malaysia 14.42
Fair
Fair
Fair
 14.32 15.05 14.65
+0.12 σ
-0.84 σ
-0.28 σ
 +6.24% 15 Sep
THD Thailand 14.19
Undervalued
Undervalued
Fair
 18.32 17.78 15.73
-1.75 σ
-1.81 σ
-0.60 σ
 +9.37% 15 Sep
EDEN Denmark 14.17
Fair
Undervalued
Undervalued
 17.84 18.36 16.55
-0.96 σ
-1.68 σ
-1.29 σ
 +0.87% 15 Sep
EIS Israel 14.07
Overvalued
Expensive
Expensive
 11.71 11.18 10.97
+1.31 σ
+2.52 σ
+2.06 σ
 +14.56% 15 Sep
ARGT Argentina 14.03
Overvalued
Overvalued
Overvalued
 12.09 12.11 10.53
+1.23 σ
+1.60 σ
+1.49 σ
 -15.69% 15 Sep
EIRL Ireland 13.73
Fair
Undervalued
Fair
 15.91 15.67 16.12
-0.81 σ
-1.06 σ
-0.97 σ
 +7.52% 15 Sep
TUR Turkey 13.63
Expensive
Expensive
Expensive
 5.55 6.40 7.94
+8.09 σ
+6.24 σ
+3.52 σ
 +0.94% 15 Sep
EWI Italy 13.56
Overvalued
Overvalued
Overvalued
 10.62 11.42 11.16
+1.66 σ
+1.44 σ
+1.52 σ
 +19.59% 15 Sep
NORW Norway 13.45
Overvalued
Fair
Overvalued
 10.92 12.54 11.53
+1.18 σ
+0.51 σ
+1.23 σ
 +13.46% 15 Sep
EWO Austria 13.34
Expensive
Expensive
Expensive
 8.26 9.54 9.93
+2.80 σ
+2.18 σ
+2.15 σ
 +17.87% 15 Sep
EZA South Africa 13.19
Expensive
Fair
Fair
 10.40 12.16 11.83
+2.15 σ
+0.54 σ
+0.85 σ
 +22.43% 15 Sep
EWW Mexico 12.98
Fair
Fair
Fair
 12.54 13.87 14.24
+0.47 σ
-0.54 σ
-0.72 σ
 +20.23% 15 Sep
EWP Spain 12.92
Overvalued
Fair
Fair
 11.35 11.80 11.53
+1.15 σ
+0.95 σ
+0.94 σ
 +24.30% 15 Sep
ECH Chile 12.86
Overvalued
Fair
Fair
 10.23 13.09 14.61
+1.01 σ
-0.08 σ
-0.96 σ
 +14.11% 15 Sep
QAT Qatar 12.50
Fair
-
-
 13.45 - -
-0.43 σ
-
-
 +5.60% 15 Sep
EIDO Indonesia 12.50
Fair
Undervalued
Fair
 13.23 14.24 13.61
-0.48 σ
-1.24 σ
-0.87 σ
 +0.79% 15 Sep
EPOL Poland 12.06
Fair
Fair
Fair
 10.11 10.98 11.48
+0.93 σ
+0.81 σ
+0.47 σ
 +16.76% 15 Sep
EPU Perù 11.76
Fair
Fair
Fair
 12.20 12.63 12.35
-0.22 σ
-0.61 σ
-0.40 σ
 +28.50% 15 Sep
GREK Greece 11.35
Fair
Fair
Fair
 9.63 11.20 11.08
+0.81 σ
+0.07 σ
+0.12 σ
 +28.52% 15 Sep
FXI China 10.95
Fair
Fair
Fair
 10.68 11.08 11.02
+0.14 σ
-0.09 σ
-0.04 σ
 +16.59% 15 Sep
EWY South Korea 10.62
Fair
Fair
Fair
 10.43 10.08 9.84
+0.18 σ
+0.56 σ
+0.88 σ
 +28.85% 15 Sep
EWZ Brazil 9.97
Overvalued
Fair
Fair
 7.98 9.95 9.88
+1.54 σ
+0.01 σ
+0.06 σ
 +15.66% 15 Sep
EPHE Philippines 9.27
Undervalued
Cheap
Cheap
 13.55 15.35 15.27
-1.65 σ
-2.62 σ
-2.88 σ
 -0.69% 15 Sep
GXG Colombia 8.88
Fair
Fair
Undervalued
 7.39 9.59 12.65
+0.81 σ
-0.31 σ
-1.28 σ
 +17.85% 12 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).