Major Stock Index PE Ratios

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: 34.01
Highest deviation vs 10Y Avg P/E:
 MSCI Canada: +5.45 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 03 July 2025
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 34.01
Overvalued
Expensive
Expensive
 29.90 25.68 22.08
+1.54 σ
+2.17 σ
+2.42 σ
 +10.53% 03 Jul
SPY S&P 500 25.62
Overvalued
Expensive
Expensive
 21.99 18.99 16.06
+1.45 σ
+2.49 σ
+3.80 σ
 +7.32% 03 Jul
INDA MSCI India 24.95
Overvalued
Overvalued
Expensive
 22.89 20.18 17.67
+1.74 σ
+1.99 σ
+2.73 σ
 +4.56% 03 Jul
URTH MSCI World 23.38
Overvalued
Expensive
Expensive
 20.32 17.95 15.52
+1.74 σ
+2.56 σ
+3.56 σ
 +8.05% 03 Jul
DIA Dow Jones 23.06
Fair
Overvalued
Expensive
 22.61 19.83 17.16
+0.16 σ
+1.20 σ
+2.38 σ
 +5.01% 03 Jul
EWC MSCI Canada 21.44
Expensive
Expensive
Expensive
 15.28 14.96 14.30
+3.28 σ
+5.45 σ
+6.57 σ
 +11.10% 03 Jul
VT FTSE Global All Cap 20.85
Overvalued
Expensive
Expensive
 18.28 16.54 14.64
+1.60 σ
+2.57 σ
+3.56 σ
 +8.31% 03 Jul
EWA MSCI Australia 19.57
Overvalued
Expensive
Expensive
 16.96 16.11 14.66
+1.21 σ
+2.36 σ
+3.45 σ
 +5.45% 03 Jul
EWG MSCI Germany 18.62
Expensive
Expensive
Expensive
 13.89 13.33 12.35
+2.65 σ
+4.51 σ
+5.33 σ
 +17.42% 03 Jul
EWQ MSCI France 18.51
Overvalued
Expensive
Expensive
 16.37 15.08 13.18
+1.20 σ
+2.23 σ
+2.83 σ
 +9.37% 03 Jul
EWU MSCI United Kingdom 17.79
Expensive
Expensive
Expensive
 12.60 13.20 12.20
+2.54 σ
+3.06 σ
+3.76 σ
 +8.16% 03 Jul
IWM Russell 2000 17.51
Overvalued
Fair
Fair
 15.30 16.10 16.14
+1.30 σ
+0.98 σ
+0.99 σ
 +3.35% 03 Jul
EFA MSCI EAFE 17.11
Overvalued
Expensive
Expensive
 15.17 14.55 13.58
+1.34 σ
+2.43 σ
+2.97 σ
 +9.32% 03 Jul
VGK FTSE Europe 16.91
Overvalued
Expensive
Expensive
 14.00 13.71 12.49
+1.77 σ
+2.94 σ
+3.08 σ
 +11.13% 03 Jul
EWJ MSCI Japan 15.40
Fair
Overvalued
Fair
 14.94 14.07 14.43
+0.30 σ
+1.07 σ
+0.61 σ
 +6.90% 03 Jul
EEM MSCI Emerging Markets 14.38
Fair
Overvalued
Overvalued
 13.70 13.35 12.84
+0.47 σ
+1.06 σ
+1.37 σ
 +10.00% 03 Jul
EWI MSCI Italy 13.16
Overvalued
Overvalued
Overvalued
 10.62 11.43 11.16
+1.42 σ
+1.16 σ
+1.27 σ
 +18.13% 03 Jul
EWZ MSCI Brazil 11.07
Expensive
Fair
Fair
 8.01 9.97 9.84
+2.25 σ
+0.59 σ
+0.81 σ
 +10.70% 03 Jul
FXI FTSE China 50 9.88
Fair
Fair
Fair
 10.85 11.05 11.02
-0.48 σ
-0.82 σ
-0.67 σ
 +9.14% 03 Jul
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: 03 July 2025