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: 31.14
Highest deviation vs 10Y Avg P/E:
 MSCI Canada: +4.75 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 23 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 31.14
Fair
Overvalued
Overvalued
 29.65 25.42 22.03
+0.56 σ
+1.51 σ
+1.87 σ
 +3.05% 23 May
INDA MSCI India 25.47
Expensive
Expensive
Expensive
 22.74 20.03 17.57
+2.38 σ
+2.31 σ
+3.00 σ
 +1.79% 23 May
SPY S&P 500 23.73
Fair
Overvalued
Expensive
 21.84 18.82 15.99
+0.77 σ
+1.93 σ
+3.17 σ
 +0.58% 23 May
URTH MSCI World 22.02
Overvalued
Expensive
Expensive
 20.21 17.84 15.45
+1.07 σ
+2.06 σ
+3.06 σ
 +3.15% 23 May
DIA Dow Jones 21.43
Fair
Fair
Overvalued
 22.49 19.70 17.10
-0.36 σ
+0.63 σ
+1.78 σ
 -1.73% 23 May
EWC MSCI Canada 20.42
Expensive
Expensive
Expensive
 15.20 14.94 14.27
+2.98 σ
+4.75 σ
+5.78 σ
 +7.90% 23 May
EWA MSCI Australia 19.61
Overvalued
Expensive
Expensive
 16.93 16.03 14.61
+1.26 σ
+2.59 σ
+3.60 σ
 +2.64% 23 May
VT FTSE Global All Cap 19.58
Fair
Overvalued
Expensive
 18.20 16.46 14.58
+0.88 σ
+1.95 σ
+2.96 σ
 +3.01% 23 May
EWQ MSCI France 18.21
Overvalued
Expensive
Expensive
 16.31 15.04 13.13
+1.09 σ
+2.15 σ
+2.77 σ
 +9.03% 23 May
EWU MSCI United Kingdom 18.13
Expensive
Expensive
Expensive
 12.55 13.18 12.16
+2.88 σ
+3.35 σ
+4.09 σ
 +9.63% 23 May
EWG MSCI Germany 17.47
Expensive
Expensive
Expensive
 13.87 13.29 12.31
+2.05 σ
+3.77 σ
+4.48 σ
 +19.33% 23 May
EFA MSCI EAFE 16.67
Overvalued
Expensive
Expensive
 15.13 14.53 13.55
+1.08 σ
+2.12 σ
+2.69 σ
 +8.99% 23 May
VGK FTSE Europe 16.56
Overvalued
Expensive
Expensive
 13.98 13.69 12.46
+1.59 σ
+2.72 σ
+2.92 σ
 +10.56% 23 May
IWM Russell 2000 15.90
Fair
Fair
Fair
 15.21 16.13 16.13
+0.41 σ
-0.16 σ
-0.17 σ
 -6.19% 23 May
EEM MSCI Emerging Markets 14.26
Fair
Fair
Overvalued
 13.75 13.34 12.81
+0.34 σ
+0.95 σ
+1.29 σ
 +5.70% 23 May
EWJ MSCI Japan 14.15
Fair
Fair
Fair
 14.97 14.08 14.44
-0.53 σ
+0.06 σ
-0.18 σ
 +5.55% 23 May
EWI MSCI Italy 12.82
Overvalued
Fair
Overvalued
 10.66 11.45 11.16
+1.17 σ
+0.91 σ
+1.04 σ
 +19.05% 23 May
EWZ MSCI Brazil 10.44
Overvalued
Fair
Fair
 8.07 10.02 9.80
+1.59 σ
+0.23 σ
+0.41 σ
 +3.49% 23 May
FXI FTSE China 50 10.14
Fair
Fair
Fair
 11.01 11.08 11.02
-0.42 σ
-0.65 σ
-0.52 σ
 +13.05% 23 May
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: 23 May 2025