CAPE Values for April 2012

I am a  follower of Robert Shiller's cyclically adjusted p/e ratio (CAPE). The CAPE seems to work reasonably well for the US and I am always interested in what CAPEs look like for other countries. To date, however, Mebane Faber is the only person that I am aware of that does this type of calculation for other countries.I have taken the data  from his recent post and ranked the countries according to CAPE. Italy, Spain, Netherlands and Belgium all have CAPE values below 10. Notice these are all European countries. Canada and the US have high CAPE values.

Country	Value
Italy	7.34
Spain	8.33
Netherlands	9.4
Belgium	9.62
Russia	10.24
France	10.98
Austria	11.06
China	12.88
UK	13.24
Singapore	13.27
Germany	13.7
Australia	14.01
Turkey	14.65
Switzerland	14.67
Japan	15.2
Sweden	15.21
Brazil	15.77
Taiwan	16
Hong Kong	16.05
Thailand	16.34
South Africa	17.44
Korea	18.62
Canada	18.86
India	20.06
Mexico	21.69
USA	21.76
Malaysia	23.12
Chile	26.4
Indonesia	29.41
source: http://www.mebanefaber.com/2012/05/24/global-shiller-capes/