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: 31.82
Highest deviation vs 10Y Avg P/E:
 MSCI Canada: +4.96 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 27 May 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 31.82
Fair
Overvalued
Expensive
 29.65 25.42 22.03
+0.81 σ
+1.69 σ
+2.01 σ
 +5.20% 01:00 PM
INDA MSCI India 25.42
Expensive
Expensive
Expensive
 22.74 20.03 17.57
+2.34 σ
+2.29 σ
+2.98 σ
 +1.62% 12:59 PM
SPY S&P 500 24.17
Fair
Expensive
Expensive
 21.84 18.82 15.99
+0.95 σ
+2.10 σ
+3.35 σ
 +2.41% 01:00 PM
URTH MSCI World 22.39
Overvalued
Expensive
Expensive
 20.21 17.84 15.45
+1.29 σ
+2.24 σ
+3.23 σ
 +4.81% 12:58 PM
DIA Dow Jones 21.76
Fair
Fair
Overvalued
 22.49 19.70 17.10
-0.25 σ
+0.76 σ
+1.92 σ
 -0.23% 01:00 PM
EWC MSCI Canada 20.67
Expensive
Expensive
Expensive
 15.20 14.94 14.27
+3.12 σ
+4.96 σ
+6.02 σ
 +9.10% 12:59 PM
VT FTSE Global All Cap 19.87
Overvalued
Expensive
Expensive
 18.20 16.46 14.58
+1.07 σ
+2.13 σ
+3.13 σ
 +4.46% 12:59 PM
EWA MSCI Australia 19.78
Overvalued
Expensive
Expensive
 16.93 16.03 14.61
+1.33 σ
+2.71 σ
+3.72 σ
 +3.48% 12:58 PM
EWQ MSCI France 18.41
Overvalued
Expensive
Expensive
 16.31 15.04 13.13
+1.20 σ
+2.28 σ
+2.88 σ
 +10.11% 12:58 PM
EWU MSCI United Kingdom 18.20
Expensive
Expensive
Expensive
 12.55 13.18 12.16
+2.91 σ
+3.39 σ
+4.14 σ
 +9.92% 12:59 PM
EWG MSCI Germany 17.89
Expensive
Expensive
Expensive
 13.87 13.29 12.31
+2.29 σ
+4.15 σ
+4.85 σ
 +21.99% 12:59 PM
EFA MSCI EAFE 16.90
Overvalued
Expensive
Expensive
 15.13 14.53 13.55
+1.25 σ
+2.35 σ
+2.89 σ
 +10.43% 01:00 PM
VGK FTSE Europe 16.76
Overvalued
Expensive
Expensive
 13.98 13.69 12.46
+1.71 σ
+2.90 σ
+3.06 σ
 +11.79% 01:00 PM
IWM Russell 2000 16.27
Fair
Fair
Fair
 15.21 16.13 16.13
+0.63 σ
+0.10 σ
+0.10 σ
 -3.99% 01:00 PM
EWJ MSCI Japan 14.51
Fair
Fair
Fair
 14.97 14.08 14.44
-0.29 σ
+0.34 σ
+0.05 σ
 +8.14% 01:00 PM
EEM MSCI Emerging Markets 14.21
Fair
Fair
Overvalued
 13.75 13.34 12.81
+0.30 σ
+0.90 σ
+1.24 σ
 +5.25% 12:59 PM
EWI MSCI Italy 13.00
Overvalued
Overvalued
Overvalued
 10.66 11.45 11.16
+1.27 σ
+1.03 σ
+1.16 σ
 +20.56% 01:00 PM
EWZ MSCI Brazil 10.51
Overvalued
Fair
Fair
 8.07 10.02 9.80
+1.63 σ
+0.26 σ
+0.46 σ
 +4.18% 01:00 PM
FXI FTSE China 50 10.04
Fair
Fair
Fair
 11.01 11.08 11.02
-0.47 σ
-0.73 σ
-0.58 σ
 +11.68% 12:59 PM
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 May 2025