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: 29.78
Highest deviation vs 10Y Avg P/E:
FTSE Europe: +3.40 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 17 August 2026
Swipe left to see all data
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 29.78
Fair
Fair
Overvalued
 30.45 27.31 22.59
-0.23 σ
+0.61 σ
+1.30 σ
 +12.43% 09:30 AM
SPY S&P 500 25.19
Fair
Overvalued
Expensive
 23.47 20.37 16.69
+0.52 σ
+1.40 σ
+2.67 σ
 +9.73% 09:30 AM
VT FTSE Global All Cap 23.47
Expensive
Expensive
Expensive
 18.90 17.35 15.02
+2.09 σ
+2.94 σ
+3.95 σ
 +9.64% 09:30 AM
URTH MSCI World 23.12
Fair
Overvalued
Expensive
 21.12 18.99 16.01
+0.83 σ
+1.56 σ
+2.66 σ
 +9.36% 09:30 AM
INDA MSCI India 22.58
Fair
Fair
Overvalued
 23.13 20.95 18.14
-0.43 σ
+0.69 σ
+1.53 σ
 -1.54% 09:30 AM
DIA Dow Jones 21.56
Fair
Fair
Overvalued
 22.70 20.78 17.52
-0.40 σ
+0.30 σ
+1.37 σ
 +8.08% 09:30 AM
EWC MSCI Canada 20.85
Overvalued
Expensive
Expensive
 16.25 15.47 14.50
+1.67 σ
+2.99 σ
+4.89 σ
 +10.96% 09:30 AM
EWA MSCI Australia 20.81
Overvalued
Expensive
Expensive
 17.56 16.79 14.99
+1.23 σ
+2.09 σ
+3.23 σ
 +5.14% 09:30 AM
EWJ MSCI Japan 19.37
Expensive
Expensive
Expensive
 14.93 14.55 14.44
+2.87 σ
+3.20 σ
+3.09 σ
 +11.61% 09:30 AM
VGK FTSE Europe 18.97
Expensive
Expensive
Expensive
 14.48 14.06 12.71
+2.09 σ
+3.40 σ
+3.82 σ
 +7.16% 09:30 AM
EFA MSCI EAFE 18.60
Overvalued
Expensive
Expensive
 15.38 14.98 13.78
+1.88 σ
+2.65 σ
+3.44 σ
 +7.89% 09:30 AM
IWM Russell 2000 18.21
Overvalued
Overvalued
Overvalued
 15.56 16.36 16.19
+1.35 σ
+1.14 σ
+1.39 σ
 +13.12% 09:30 AM
EWQ MSCI France 18.10
Fair
Overvalued
Expensive
 16.64 15.67 13.54
+0.72 σ
+1.37 σ
+2.10 σ
 +4.36% 09:30 AM
EWG MSCI Germany 17.91
Overvalued
Expensive
Expensive
 14.46 13.95 12.56
+1.40 σ
+2.32 σ
+3.72 σ
 +4.85% 09:30 AM
EEM MSCI Emerging Markets 17.23
Expensive
Expensive
Expensive
 13.60 13.79 13.07
+2.68 σ
+2.89 σ
+3.36 σ
 +11.09% 09:30 AM
EWU MSCI United Kingdom 15.59
Fair
Overvalued
Overvalued
 13.77 13.50 12.42
+0.56 σ
+1.07 σ
+1.84 σ
 +5.20% 09:30 AM
EWI MSCI Italy 15.26
Expensive
Expensive
Expensive
 10.66 11.52 11.19
+2.50 σ
+2.41 σ
+2.52 σ
 +11.65% 09:30 AM
EWZ MSCI Brazil 11.07
Overvalued
Fair
Fair
 8.16 10.08 10.11
+1.89 σ
+0.51 σ
+0.67 σ
 -4.82% 09:30 AM
FXI FTSE China 50 9.61
Fair
Undervalued
Fair
 9.91 11.13 10.97
-0.37 σ
-1.11 σ
-0.80 σ
 -5.12% 09:30 AM
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: 17 August 2026