Tracking the Price-to-Earnings (PE) ratios of major stock indexes provides valuable insights into market conditions. Below, you'll find updated PE ratios for key US and global stock indexes, helping investors analyze trends and valuations.

Highest P/E Ratio:
 Nasdaq 100: 34.23
Highest deviation vs 10Y Avg P/E:
FTSE Europe: +3.81 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 05 December 2025
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P/E Evaluation
Historical P/E Average
P/E Deviation vs Avg
Trend Margin
Major Indexes 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)
QQQ Nasdaq 100 34.23
Overvalued
Overvalued
Expensive
 30.12 26.34 22.21
+1.44 σ
+1.99 σ
+2.34 σ
 +14.28% 05 Dec
SPY S&P 500 27.51
Overvalued
Expensive
Expensive
 22.52 19.49 16.26
+1.71 σ
+2.70 σ
+4.12 σ
 +10.98% 05 Dec
INDA MSCI India 24.62
Overvalued
Overvalued
Expensive
 23.05 20.52 17.90
+1.28 σ
+1.67 σ
+2.43 σ
 +1.69% 05 Dec
URTH MSCI World 24.22
Overvalued
Expensive
Expensive
 20.59 18.32 15.69
+1.78 σ
+2.53 σ
+3.58 σ
 +10.37% 05 Dec
VT FTSE Global All Cap 23.31
Expensive
Expensive
Expensive
 18.46 16.84 14.78
+2.71 σ
+3.50 σ
+4.50 σ
 +10.32% 05 Dec
DIA Dow Jones 22.95
Fair
Overvalued
Expensive
 22.66 20.19 17.30
+0.10 σ
+1.03 σ
+2.12 σ
 +8.98% 05 Dec
EWA MSCI Australia 20.38
Overvalued
Expensive
Expensive
 17.08 16.36 14.77
+1.43 σ
+2.46 σ
+3.60 σ
 +2.44% 05 Dec
EWC MSCI Canada 19.99
Overvalued
Expensive
Expensive
 15.57 15.15 14.37
+1.98 σ
+3.41 σ
+4.86 σ
 +15.34% 05 Dec
EWU MSCI United Kingdom 19.06
Expensive
Expensive
Expensive
 12.97 13.30 12.28
+2.41 σ
+3.52 σ
+4.30 σ
 +7.90% 05 Dec
EWQ MSCI France 18.50
Overvalued
Overvalued
Expensive
 16.48 15.29 13.31
+1.08 σ
+1.94 σ
+2.59 σ
 +4.93% 05 Dec
VGK FTSE Europe 18.41
Expensive
Expensive
Expensive
 14.11 13.82 12.57
+2.43 σ
+3.81 σ
+3.86 σ
 +7.18% 05 Dec
IWM Russell 2000 18.17
Overvalued
Overvalued
Overvalued
 15.47 16.18 16.17
+1.47 σ
+1.33 σ
+1.41 σ
 +13.45% 05 Dec
EFA MSCI EAFE 18.07
Overvalued
Expensive
Expensive
 15.20 14.69 13.65
+1.93 σ
+2.87 σ
+3.50 σ
 +7.70% 05 Dec
EWG MSCI Germany 17.96
Overvalued
Expensive
Expensive
 14.04 13.51 12.42
+1.96 σ
+3.25 σ
+4.36 σ
 +2.17% 05 Dec
EWJ MSCI Japan 16.84
Overvalued
Overvalued
Overvalued
 14.86 14.19 14.44
+1.36 σ
+1.97 σ
+1.50 σ
 +10.75% 05 Dec
EEM MSCI Emerging Markets 16.18
Expensive
Expensive
Expensive
 13.56 13.49 12.93
+2.02 σ
+2.72 σ
+2.86 σ
 +12.23% 05 Dec
EWI MSCI Italy 12.95
Overvalued
Overvalued
Overvalued
 10.61 11.41 11.16
+1.32 σ
+1.04 σ
+1.14 σ
 +10.46% 05 Dec
FXI FTSE China 50 11.11
Fair
Fair
Fair
 10.45 11.14 11.03
+0.43 σ
-0.02 σ
+0.05 σ
 +6.20% 05 Dec
EWZ MSCI Brazil 10.62
Expensive
Fair
Fair
 7.97 9.96 9.93
+2.10 σ
+0.35 σ
+0.47 σ
 +14.73% 05 Dec
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).

MAJOR STOCK INDEXES - EVALUATION DIAGRAM
Long Term Trend and P/E Ratio
Last Update: 05 December 2025