31 Country P/E and PEG Ratios

by: Richard Shaw posted on: July 30, 2008 | about stocks: ECH / EWA / EWC / EWD / EWG / EWH / EWI / EWJ / EWK / EWL / EWM / EWN / EWO / EWP / EWQ / EWS / EWT / EWU / EWW / EWY / EWZ / EZA / FXI / IF / INP / IRL / ISL / RSX / THD / TUR / VTI    
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Here are the estimated 2008 P/E and PEG ratios for countries with investable funds available to US investors, based on aggregate analyst 2008 estimated earnings and earnings growth as of last week.

The proxy funds may not track the exact same indices as the country indices used for the P/E and PEG ratios, but we presume they are similar. It is likely that a comparison with fund “fact sheets” will produce variances, mostly due to different “as of” dates for the data.

These ratios change daily as prices change, and also as often as aggregate estimates of earnings and earnings growth change, which could be daily.

This article has 8 comments! Add yours below...
Richard Shaw

Richard Shaw

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This article has 8 comments:

  •  
    rudi
    Jul 30 06:39 AM
    Hi Richard,

    thanks for the research! 1.9 for germany seems to be a typing error, it should be around 12 I guess.
    Where did you get the data from?

    cheers
    Rudi
  •  
    Richard Shaw
    Jul 30 07:48 AM
    My Website
    rudi,

    Good catch!. Sorry about that.

    Germany has an estimated 2008 P/E of 10.9, not 1.9.

    We have corrected the data on our site and have requested an image substitution at Seeking Alpha which will likely be done soon.

    Corrected data: www.qvmgroup.com/inves...

    The P/E correction dramatically changed the calculated PEG to over 20.

    Germany is in an earnings growth slump in 2008 that is estimated to be only about 1/2% which with a 10+ P/E gives a PEG over 20..

    We added Thailand since we were modifying the table anyway to fix the typing error you found.

    Note that the PEGs in this articles are based on 2008 earnings and 2008 earnings growth. For many countries 2008 earnings and earnings growth is shaping up to be quite different than 2007 or projections for subsequent years.

    The data comes from Thomson One Analytics.

    Thanks again for a sharp eye.

    Richard
  •  
    User 211635
    Jul 30 08:59 AM
    Are the growth rates for PEG ratio in USD or local currencies?
  •  
    User 211635
    Jul 30 09:00 AM
    Are the growth rates for PEG in USD or local currencies?
  •  
    Richard Shaw
    Jul 30 09:24 AM
    My Website
    Growth is in USD
  •  
    Jmar11
    Jul 31 06:15 PM
    Hopefully things will calm down in Turkey; things haven't looked good politically or socially for some time now.If you're think about taking a risk with the fund (which is performing quite well right now) here's an article that gives TUR some support-- www.greenfaucet.com/et...
  •  
    Jim2008
    Aug 04 02:36 PM
    Where can I find up-to-date country P/E (ttm) data? Also, is it possible to calculate the P/E ratio for each country's index rather than using a corresponding ETF?

    Thanks.
  •  
    Richard Shaw
    Aug 04 03:29 PM
    My Website
    The data here is for the country indices and not for the ETFs. The ETFs are provided as investable proxies for the countries.

    The data is only available by subscription to various services which are quite expensive, in the thousands.
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