I was trying to obtain the HML and SMB factors from French's data library for UK and Japan
http://mba.tuck.dartmouth.edu/pages/fac ... ormed.html. I went to the International country portfolios on the website but I was confused about how to obtain the estimations for these two factors given that they were giving four ratios BE/ME ,E/P , CE/P, and Yld. Is it possible to tell me hw the HML and SMB could be obtained using this data?thx