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 29.19
Fair
Fair
Overvalued
 27.49 26.88 20.84
+0.39 σ
+0.55 σ
+1.54 σ
 +2.85% 12:03 PM
VTI United States 27.69
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.60 σ
+3.20 σ
+4.20 σ
 +11.32% 01:00 PM
INDA India 24.63
Overvalued
Overvalued
Expensive
 22.92 20.37 17.81
+1.43 σ
+1.76 σ
+2.51 σ
 +2.37% 12:59 PM
EWL Switzerland 21.32
Fair
Expensive
Expensive
 19.28 17.93 15.71
+0.99 σ
+2.17 σ
+2.70 σ
 +3.02% 12:42 PM
EWD Sweden 21.31
Expensive
Expensive
Expensive
 16.23 15.89 14.78
+2.45 σ
+3.82 σ
+4.39 σ
 +7.02% 12:58 PM
EWA Australia 20.42
Overvalued
Expensive
Expensive
 16.99 16.25 14.72
+1.55 σ
+2.66 σ
+3.80 σ
 +4.30% 01:00 PM
VNM Vietnam 20.41
Overvalued
-
-
 15.88 - -
+1.43 σ
-
-
 +20.43% 01:00 PM
EWC Canada 19.56
Expensive
Expensive
Expensive
 15.41 15.06 14.33
+2.01 σ
+3.41 σ
+4.64 σ
 +12.15% 12:59 PM
EWT Taiwan 19.03
Overvalued
Expensive
Expensive
 15.84 14.67 13.89
+1.49 σ
+2.57 σ
+3.32 σ
 +19.14% 01:00 PM
EWU United Kingdom 18.92
Expensive
Expensive
Expensive
 12.80 13.26 12.24
+2.62 σ
+3.58 σ
+4.33 σ
 +8.43% 01:00 PM
EWN Netherlands 18.59
Fair
Fair
Overvalued
 18.38 16.76 14.19
+0.07 σ
+0.93 σ
+1.92 σ
 +13.50% 12:30 PM
EWQ France 18.47
Overvalued
Expensive
Expensive
 16.41 15.20 13.26
+1.14 σ
+2.03 σ
+2.67 σ
 +5.37% 12:59 PM
EWH Hong Kong 17.97
Expensive
Expensive
Expensive
 15.38 15.11 15.18
+2.48 σ
+3.27 σ
+2.94 σ
 +11.90% 12:59 PM
EWG Germany 17.62
Overvalued
Expensive
Expensive
 13.93 13.43 12.39
+1.99 σ
+3.30 σ
+4.26 σ
 +1.88% 01:00 PM
EWJ Japan 17.54
Overvalued
Expensive
Overvalued
 14.85 14.12 14.44
+1.87 σ
+2.67 σ
+1.95 σ
 +12.75% 01:00 PM
EWK Belgium 17.29
Fair
Fair
Fair
 16.27 16.87 14.72
+0.36 σ
+0.22 σ
+1.00 σ
 +8.98% 11:27 AM
ARGT Argentina 16.29
Expensive
Expensive
Expensive
 12.10 12.16 10.55
+2.62 σ
+3.52 σ
+2.43 σ
 +14.67% 12:59 PM
EWS Singapore 15.55
Overvalued
Expensive
Expensive
 13.51 13.08 13.35
+1.64 σ
+2.47 σ
+2.44 σ
 +10.44% 12:59 PM
EIS Israel 14.92
Overvalued
Expensive
Expensive
 11.76 11.21 10.97
+1.73 σ
+3.19 σ
+2.61 σ
 +16.95% 12:53 PM
EWM Malaysia 14.66
Fair
Fair
Fair
 14.30 15.06 14.66
+0.48 σ
-0.53 σ
+0.01 σ
 +6.52% 12:49 PM
THD Thailand 14.60
Undervalued
Undervalued
Fair
 18.17 17.72 15.74
-1.49 σ
-1.57 σ
-0.45 σ
 +8.68% 12:58 PM
ECH Chile 14.01
Overvalued
Fair
Fair
 10.17 13.09 14.59
+1.52 σ
+0.34 σ
-0.32 σ
 +13.91% 12:58 PM
EWW Mexico 13.93
Overvalued
Fair
Fair
 12.54 13.83 14.25
+1.52 σ
+0.06 σ
-0.18 σ
 +13.73% 12:59 PM
TUR Turkey 13.79
Expensive
Expensive
Expensive
 5.62 6.40 7.94
+7.08 σ
+6.34 σ
+3.61 σ
 +1.87% 12:58 PM
EWY South Korea 13.69
Expensive
Expensive
Expensive
 10.40 10.09 9.85
+3.12 σ
+3.74 σ
+4.31 σ
 +44.47% 01:00 PM
EIRL Ireland 13.55
Fair
Undervalued
Undervalued
 15.78 15.66 16.13
-0.85 σ
-1.14 σ
-1.05 σ
 +6.15% 12:55 PM
EWP Spain 13.48
Overvalued
Overvalued
Overvalued
 11.34 11.81 11.53
+1.60 σ
+1.42 σ
+1.32 σ
 +17.60% 12:58 PM
EPU Perù 13.43
Fair
Fair
Fair
 12.12 12.64 12.33
+0.67 σ
+0.55 σ
+0.75 σ
 +28.71% 12:55 PM
EDEN Denmark 13.36
Undervalued
Undervalued
Undervalued
 17.61 18.32 16.54
-1.15 σ
-1.96 σ
-1.72 σ
 -1.09% 11:06 AM
EWO Austria 13.34
Expensive
Expensive
Expensive
 8.29 9.56 9.93
+2.72 σ
+2.15 σ
+2.15 σ
 +12.47% 12:00 PM
EIDO Indonesia 13.08
Fair
Fair
Fair
 13.17 14.24 13.62
-0.06 σ
-0.83 σ
-0.42 σ
 +3.66% 12:53 PM
EWI Italy 12.98
Overvalued
Overvalued
Overvalued
 10.62 11.42 11.16
+1.33 σ
+1.05 σ
+1.15 σ
 +11.42% 12:58 PM
NORW Norway 12.60
Fair
Fair
Fair
 10.88 12.56 11.53
+0.83 σ
+0.02 σ
+0.69 σ
 +3.07% 12:09 PM
QAT Qatar 12.32
Fair
-
-
 13.43 - -
-0.50 σ
-
-
 +2.68% 12:10 PM
EPOL Poland 11.92
Fair
Fair
Fair
 10.13 10.98 11.47
+0.86 σ
+0.70 σ
+0.36 σ
 +12.17% 01:00 PM
FXI China 10.84
Fair
Fair
Fair
 10.61 11.10 11.02
+0.13 σ
-0.19 σ
-0.11 σ
 +7.92% 01:00 PM
EWZ Brazil 10.64
Expensive
Fair
Fair
 7.97 9.96 9.89
+2.12 σ
+0.36 σ
+0.50 σ
 +13.31% 12:59 PM
GXG Colombia 10.42
Overvalued
Fair
Fair
 7.35 9.55 12.61
+1.71 σ
+0.39 σ
-0.74 σ
 +20.90% 30 Oct
GREK Greece 10.37
Fair
Fair
Fair
 9.60 11.23 11.06
+0.37 σ
-0.42 σ
-0.30 σ
 +12.75% 12:59 PM
EPHE Philippines 8.60
Undervalued
Cheap
Cheap
 13.42 15.28 15.26
-1.84 σ
-2.82 σ
-3.18 σ
 -5.32% 12:48 PM
EZA South Africa 3.84
Cheap
Cheap
Cheap
 10.47 12.16 11.85
-4.81 σ
-4.36 σ
-5.00 σ
 +20.15% 12:56 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).