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: 30.86
Highest deviation vs 10Y Avg P/E:
 MSCI Japan: +3.00 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 06 October 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 30.86
Fair
Fair
Overvalued
 30.49 27.47 22.65
+0.13 σ
+0.85 σ
+1.48 σ
 +13.36% 09:30 AM
SPY S&P 500 25.07
Fair
Overvalued
Expensive
 23.64 20.54 16.80
+0.43 σ
+1.31 σ
+2.53 σ
 +7.98% 09:30 AM
URTH MSCI World 22.86
Fair
Overvalued
Expensive
 21.22 19.12 16.10
+0.68 σ
+1.40 σ
+2.46 σ
 +6.45% 09:30 AM
INDA MSCI India 21.22
Undervalued
Fair
Overvalued
 23.05 21.03 18.19
-1.43 σ
+0.08 σ
+1.03 σ
 -6.15% 09:30 AM
DIA Dow Jones 20.79
Fair
Fair
Overvalued
 22.71 20.85 17.56
-0.68 σ
-0.02 σ
+1.09 σ
 +2.29% 09:30 AM
VT FTSE Global All Cap 20.68
Fair
Overvalued
Expensive
 19.01 17.46 15.09
+0.75 σ
+1.51 σ
+2.54 σ
 +6.09% 09:30 AM
EWA MSCI Australia 19.89
Fair
Overvalued
Expensive
 17.72 16.86 15.06
+0.80 σ
+1.52 σ
+2.60 σ
 -0.39% 09:30 AM
EWJ MSCI Japan 19.31
Expensive
Expensive
Expensive
 15.04 14.64 14.45
+2.54 σ
+3.00 σ
+3.02 σ
 +9.65% 09:30 AM
EWC MSCI Canada 18.59
Fair
Overvalued
Expensive
 16.44 15.52 14.54
+0.76 σ
+1.64 σ
+2.99 σ
 +2.42% 09:30 AM
EFA MSCI EAFE 17.93
Overvalued
Expensive
Expensive
 15.48 15.04 13.82
+1.36 σ
+2.02 σ
+2.86 σ
 +1.49% 09:30 AM
EWG MSCI Germany 17.39
Overvalued
Overvalued
Expensive
 14.59 14.05 12.60
+1.10 σ
+1.88 σ
+3.22 σ
 -2.09% 09:30 AM
VGK FTSE Europe 17.28
Overvalued
Expensive
Expensive
 14.63 14.12 12.76
+1.20 σ
+2.09 σ
+2.71 σ
 -1.24% 09:30 AM
IWM Russell 2000 16.44
Fair
Fair
Fair
 15.59 16.36 16.19
+0.43 σ
+0.05 σ
+0.17 σ
 +1.69% 09:30 AM
EWQ MSCI France 16.35
Fair
Fair
Overvalued
 16.66 15.73 13.60
-0.15 σ
+0.35 σ
+1.26 σ
 -7.79% 09:30 AM
EWU MSCI United Kingdom 16.30
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.73 σ
+1.42 σ
+2.19 σ
 -0.72% 09:30 AM
EWI MSCI Italy 14.28
Overvalued
Overvalued
Overvalued
 10.74 11.57 11.21
+1.84 σ
+1.71 σ
+1.88 σ
 -0.17% 09:30 AM
EEM MSCI Emerging Markets 14.17
Fair
Fair
Fair
 13.61 13.82 13.09
+0.40 σ
+0.28 σ
+0.86 σ
 +8.10% 09:30 AM
EWZ MSCI Brazil 11.90
Expensive
Fair
Overvalued
 8.29 10.06 10.14
+2.19 σ
+0.96 σ
+1.23 σ
 +17.83% 09:30 AM
FXI FTSE China 50 8.82
Undervalued
Undervalued
Undervalued
 9.82 11.08 10.94
-1.30 σ
-1.62 σ
-1.25 σ
 -6.71% 09:30 AM
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: 06 October 2026