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: 31.79
Highest deviation vs 10Y Avg P/E:
MSCI Emerging Markets: +2.63 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 27 April 2026
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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 31.79
Fair
Overvalued
Overvalued
 30.20 26.84 22.40
+0.55 σ
+1.23 σ
+1.76 σ
 +10.36% 27 Apr
SPY S&P 500 27.28
Overvalued
Expensive
Expensive
 22.97 19.94 16.46
+1.35 σ
+2.27 σ
+3.68 σ
 +6.89% 27 Apr
URTH MSCI World 23.90
Overvalued
Expensive
Expensive
 20.82 18.66 15.84
+1.38 σ
+2.10 σ
+3.19 σ
 +6.77% 27 Apr
DIA Dow Jones 23.31
Fair
Overvalued
Expensive
 22.55 20.47 17.38
+0.27 σ
+1.08 σ
+2.13 σ
 +4.37% 27 Apr
INDA MSCI India 21.34
Undervalued
Fair
Overvalued
 23.07 20.73 18.00
-1.35 σ
+0.25 σ
+1.17 σ
 -5.86% 27 Apr
VT FTSE Global All Cap 21.22
Overvalued
Expensive
Expensive
 18.62 17.10 14.89
+1.33 σ
+2.10 σ
+3.13 σ
 +7.54% 27 Apr
EWA MSCI Australia 20.07
Overvalued
Overvalued
Expensive
 17.27 16.59 14.88
+1.13 σ
+1.95 σ
+3.09 σ
 +6.92% 27 Apr
EWC MSCI Canada 19.35
Overvalued
Expensive
Expensive
 15.91 15.34 14.42
+1.35 σ
+2.48 σ
+4.01 σ
 +10.74% 27 Apr
IWM Russell 2000 19.10
Overvalued
Overvalued
Expensive
 15.48 16.27 16.17
+1.95 σ
+1.82 σ
+2.05 σ
 +12.20% 27 Apr
EFA MSCI EAFE 17.67
Overvalued
Expensive
Expensive
 15.24 14.83 13.71
+1.58 σ
+2.24 σ
+2.97 σ
 +5.64% 27 Apr
EWQ MSCI France 17.48
Fair
Overvalued
Overvalued
 16.58 15.49 13.42
+0.46 σ
+1.15 σ
+1.94 σ
 +1.78% 27 Apr
EWU MSCI United Kingdom 17.48
Overvalued
Expensive
Expensive
 13.35 13.40 12.34
+1.39 σ
+2.27 σ
+3.12 σ
 +6.63% 27 Apr
VGK FTSE Europe 17.18
Overvalued
Expensive
Expensive
 14.24 13.94 12.63
+1.54 σ
+2.45 σ
+2.89 σ
 +5.11% 27 Apr
EWJ MSCI Japan 16.98
Overvalued
Overvalued
Overvalued
 14.84 14.34 14.43
+1.49 σ
+1.84 σ
+1.61 σ
 +5.94% 27 Apr
EWG MSCI Germany 16.95
Overvalued
Expensive
Expensive
 14.24 13.74 12.48
+1.19 σ
+2.06 σ
+3.30 σ
 +0.66% 27 Apr
EEM MSCI Emerging Markets 16.47
Expensive
Expensive
Expensive
 13.56 13.65 13.00
+2.27 σ
+2.63 σ
+2.92 σ
 +15.26% 27 Apr
EWI MSCI Italy 13.44
Overvalued
Overvalued
Overvalued
 10.61 11.46 11.16
+1.60 σ
+1.32 σ
+1.43 σ
 +7.91% 27 Apr
EWZ MSCI Brazil 12.80
Expensive
Overvalued
Overvalued
 7.99 10.04 10.02
+3.68 σ
+1.44 σ
+1.91 σ
 +20.67% 27 Apr
FXI FTSE China 50 9.82
Fair
Undervalued
Fair
 10.16 11.17 11.02
-0.32 σ
-1.01 σ
-0.71 σ
 -5.77% 27 Apr
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: 27 April 2026