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: 33.02
Highest deviation vs 10Y Avg P/E:
 MSCI Germany: +4.15 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 27 August 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 33.02
Overvalued
Overvalued
Expensive
 30.00 25.81 22.10
+1.10 σ
+1.86 σ
+2.20 σ
 +10.73% 27 Aug
SPY S&P 500 27.24
Expensive
Expensive
Expensive
 22.07 19.08 16.09
+2.01 σ
+2.99 σ
+4.36 σ
 +8.89% 27 Aug
INDA MSCI India 24.67
Overvalued
Overvalued
Expensive
 22.89 20.24 17.72
+1.51 σ
+1.84 σ
+2.59 σ
 -0.13% 27 Aug
URTH MSCI World 23.87
Overvalued
Expensive
Expensive
 20.36 18.02 15.55
+1.94 σ
+2.71 σ
+3.71 σ
 +9.25% 27 Aug
DIA Dow Jones 23.12
Fair
Overvalued
Expensive
 22.65 19.90 17.18
+0.16 σ
+1.20 σ
+2.36 σ
 +5.82% 27 Aug
VT FTSE Global All Cap 21.43
Overvalued
Expensive
Expensive
 18.31 16.59 14.66
+1.91 σ
+2.83 σ
+3.82 σ
 +9.67% 27 Aug
EWA MSCI Australia 20.68
Overvalued
Expensive
Expensive
 16.95 16.14 14.68
+1.73 σ
+3.02 σ
+4.15 σ
 +7.34% 27 Aug
EWC MSCI Canada 19.86
Expensive
Expensive
Expensive
 15.32 14.99 14.31
+2.35 σ
+3.98 σ
+5.05 σ
 +12.32% 27 Aug
EWU MSCI United Kingdom 18.82
Expensive
Expensive
Expensive
 12.65 13.22 12.21
+2.91 σ
+3.67 σ
+4.39 σ
 +10.95% 27 Aug
EWQ MSCI France 18.79
Overvalued
Expensive
Expensive
 16.37 15.12 13.21
+1.36 σ
+2.35 σ
+2.93 σ
 +6.07% 27 Aug
IWM Russell 2000 18.72
Overvalued
Overvalued
Overvalued
 15.36 16.10 16.14
+1.96 σ
+1.83 σ
+1.86 σ
 +8.99% 27 Aug
EWG MSCI Germany 18.35
Expensive
Expensive
Expensive
 13.89 13.36 12.36
+2.50 σ
+4.15 σ
+5.02 σ
 +11.09% 27 Aug
EFA MSCI EAFE 17.55
Overvalued
Expensive
Expensive
 15.17 14.57 13.60
+1.64 σ
+2.78 σ
+3.29 σ
 +9.80% 27 Aug
VGK FTSE Europe 16.78
Overvalued
Expensive
Expensive
 14.00 13.73 12.51
+1.70 σ
+2.76 σ
+2.95 σ
 +9.85% 27 Aug
EWJ MSCI Japan 16.10
Fair
Overvalued
Overvalued
 14.90 14.07 14.43
+0.80 σ
+1.64 σ
+1.06 σ
 +10.91% 27 Aug
EEM MSCI Emerging Markets 14.82
Fair
Overvalued
Overvalued
 13.65 13.37 12.86
+0.83 σ
+1.49 σ
+1.75 σ
 +10.72% 27 Aug
EWI MSCI Italy 13.75
Overvalued
Overvalued
Overvalued
 10.62 11.42 11.16
+1.76 σ
+1.57 σ
+1.64 σ
 +18.57% 27 Aug
FXI FTSE China 50 11.02
Fair
Fair
Fair
 10.76 11.06 11.02
+0.13 σ
-0.03 σ
-0.00 σ
 +10.94% 27 Aug
EWZ MSCI Brazil 10.34
Overvalued
Fair
Fair
 7.99 9.96 9.86
+1.78 σ
+0.21 σ
+0.32 σ
 +10.54% 27 Aug
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 August 2025