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 31.48
Fair
Overvalued
Expensive
 27.75 26.57 20.59
+0.80 σ
+1.16 σ
+2.04 σ
 +0.96% 04:00 PM
VTI United States 25.87
Expensive
Expensive
Expensive
 21.99 19.24 16.38
+2.01 σ
+2.75 σ
+3.71 σ
 +8.14% 04:00 PM
INDA India 23.81
Fair
Overvalued
Expensive
 22.89 20.18 17.67
+0.77 σ
+1.51 σ
+2.30 σ
 +0.27% 04:00 PM
EWL Switzerland 22.33
Overvalued
Expensive
Expensive
 19.12 17.76 15.63
+1.65 σ
+3.25 σ
+3.29 σ
 +5.71% 04:00 PM
EWC Canada 21.47
Expensive
Expensive
Expensive
 15.28 14.96 14.30
+3.30 σ
+5.47 σ
+6.59 σ
 +10.12% 04:00 PM
EWD Sweden 20.47
Expensive
Expensive
Expensive
 16.15 15.76 14.72
+2.19 σ
+3.56 σ
+4.00 σ
 +8.52% 04:00 PM
VNM Vietnam 19.77
Overvalued
-
-
 15.80 - -
+1.28 σ
-
-
 +34.96% 04:00 PM
EWA Australia 19.38
Overvalued
Expensive
Expensive
 16.96 16.11 14.66
+1.12 σ
+2.23 σ
+3.31 σ
 +4.52% 04:00 PM
EWQ France 18.39
Overvalued
Expensive
Expensive
 16.37 15.08 13.18
+1.14 σ
+2.15 σ
+2.77 σ
 +7.92% 04:00 PM
EWG Germany 18.39
Expensive
Expensive
Expensive
 13.89 13.33 12.35
+2.52 σ
+4.31 σ
+5.13 σ
 +13.54% 04:00 PM
EWU United Kingdom 17.93
Expensive
Expensive
Expensive
 12.60 13.20 12.20
+2.61 σ
+3.15 σ
+3.85 σ
 +8.31% 04:00 PM
EWK Belgium 17.34
Fair
Fair
Overvalued
 16.33 16.88 14.64
+0.35 σ
+0.24 σ
+1.05 σ
 +10.86% 03:58 PM
EWT Taiwan 16.92
Fair
Overvalued
Expensive
 15.85 14.51 13.82
+0.50 σ
+1.39 σ
+2.04 σ
 +11.66% 04:00 PM
EWN Netherlands 16.84
Fair
Fair
Overvalued
 18.69 16.77 14.13
-0.64 σ
+0.04 σ
+1.18 σ
 +8.82% 04:00 PM
EWH Hong Kong 16.05
Fair
Overvalued
Fair
 15.33 15.05 15.16
+0.73 σ
+1.17 σ
+0.96 σ
 +17.79% 04:00 PM
EDEN Denmark 15.38
Fair
Undervalued
Fair
 18.29 18.45 16.55
-0.73 σ
-1.26 σ
-0.63 σ
 +4.22% 03:34 PM
EWJ Japan 15.33
Fair
Overvalued
Fair
 14.94 14.07 14.43
+0.25 σ
+1.02 σ
+0.57 σ
 +6.16% 04:00 PM
THD Thailand 15.25
Undervalued
Undervalued
Fair
 18.58 17.82 15.69
-1.45 σ
-1.31 σ
-0.17 σ
 -1.88% 04:00 PM
EWS Singapore 15.01
Overvalued
Expensive
Overvalued
 13.46 13.00 13.33
+1.31 σ
+2.06 σ
+1.90 σ
 +14.98% 04:00 PM
EIS Israel 14.58
Overvalued
Expensive
Expensive
 11.63 11.15 10.97
+1.68 σ
+3.09 σ
+2.39 σ
 +19.91% 04:00 PM
EWM Malaysia 13.98
Fair
Undervalued
Fair
 14.40 15.06 14.64
-0.51 σ
-1.42 σ
-0.79 σ
 -0.17% 04:00 PM
EZA South Africa 13.97
Expensive
Fair
Overvalued
 10.34 12.20 11.80
+3.01 σ
+0.91 σ
+1.36 σ
 +12.11% 04:00 PM
EIRL Ireland 13.81
Fair
Undervalued
Fair
 16.22 15.75 16.12
-0.86 σ
-1.06 σ
-0.94 σ
 +8.79% 03:51 PM
EWI Italy 13.31
Overvalued
Overvalued
Overvalued
 10.62 11.43 11.16
+1.51 σ
+1.27 σ
+1.36 σ
 +17.24% 04:00 PM
EWW Mexico 12.57
Fair
Fair
Fair
 12.62 13.97 14.23
-0.04 σ
-0.81 σ
-0.94 σ
 +11.51% 04:00 PM
EPOL Poland 12.50
Overvalued
Overvalued
Fair
 10.10 10.98 11.48
+1.17 σ
+1.15 σ
+0.81 σ
 +21.78% 04:00 PM
QAT Qatar 12.14
Fair
-
-
 13.51 - -
-0.63 σ
-
-
 +7.40% 04:00 PM
EWP Spain 12.11
Fair
Fair
Fair
 11.47 11.84 11.54
+0.42 σ
+0.22 σ
+0.39 σ
 +20.11% 04:00 PM
ARGT Argentina 11.97
Fair
Fair
Fair
 12.10 12.03 10.51
-0.09 σ
-0.05 σ
+0.62 σ
 -0.65% 04:00 PM
NORW Norway 11.78
Fair
Fair
Fair
 11.05 12.52 11.54
+0.32 σ
-0.41 σ
+0.15 σ
 +10.62% 03:42 PM
EWY South Korea 11.76
Overvalued
Overvalued
Expensive
 10.48 10.04 9.81
+1.10 σ
+1.81 σ
+2.19 σ
 +22.81% 04:00 PM
EPU Perù 11.64
Fair
Fair
Fair
 12.36 12.61 12.39
-0.33 σ
-0.67 σ
-0.49 σ
 +11.96% 04:00 PM
ECH Chile 11.44
Fair
Fair
Undervalued
 10.38 13.13 14.65
+0.38 σ
-0.62 σ
-1.78 σ
 +4.19% 04:00 PM
EWO Austria 11.33
Overvalued
Overvalued
Fair
 8.28 9.55 9.94
+1.66 σ
+1.02 σ
+0.87 σ
 +21.45% 03:42 PM
EIDO Indonesia 11.28
Undervalued
Cheap
Undervalued
 13.43 14.28 13.61
-1.39 σ
-2.24 σ
-1.81 σ
 -3.42% 04:00 PM
TUR Turkey 10.62
Expensive
Expensive
Overvalued
 5.49 6.40 7.94
+5.70 σ
+3.64 σ
+1.66 σ
 -1.32% 04:00 PM
GREK Greece 10.58
Fair
Fair
Fair
 9.72 11.18 11.12
+0.39 σ
-0.29 σ
-0.23 σ
 +29.52% 04:00 PM
FXI China 10.49
Fair
Fair
Fair
 10.85 11.05 11.02
-0.18 σ
-0.40 σ
-0.32 σ
 +13.90% 04:00 PM
EWZ Brazil 10.02
Overvalued
Fair
Fair
 8.01 9.97 9.84
+1.47 σ
+0.02 σ
+0.12 σ
 +0.81% 04:00 PM
EPHE Philippines 9.72
Undervalued
Cheap
Cheap
 13.77 15.51 15.28
-1.61 σ
-2.58 σ
-2.70 σ
 +1.68% 04:00 PM
GXG Colombia 8.17
Fair
Fair
Undervalued
 7.43 9.68 12.74
+0.39 σ
-0.64 σ
-1.54 σ
 +10.16% 25 Jul
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).