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: 31.37
Highest deviation vs 10Y Avg P/E:
MSCI Emerging Markets: +2.88 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 05 June 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 31.37
Fair
Overvalued
Overvalued
 30.27 27.08 22.50
+0.37 σ
+1.06 σ
+1.63 σ
 +13.39% 05 Jun
SPY S&P 500 26.63
Overvalued
Overvalued
Expensive
 23.22 20.16 16.57
+1.03 σ
+1.93 σ
+3.28 σ
 +7.84% 05 Jun
DIA Dow Jones 24.36
Fair
Overvalued
Expensive
 22.62 20.62 17.44
+0.62 σ
+1.43 σ
+2.42 σ
 +6.38% 05 Jun
URTH MSCI World 23.64
Overvalued
Overvalued
Expensive
 20.96 18.82 15.92
+1.15 σ
+1.87 σ
+2.97 σ
 +7.13% 05 Jun
INDA MSCI India 22.46
Fair
Fair
Overvalued
 23.10 20.83 18.05
-0.51 σ
+0.68 σ
+1.53 σ
 -8.53% 05 Jun
VT FTSE Global All Cap 22.08
Overvalued
Expensive
Expensive
 18.74 17.22 14.95
+1.62 σ
+2.40 σ
+3.43 σ
 +7.40% 05 Jun
EWA MSCI Australia 20.01
Overvalued
Overvalued
Expensive
 17.40 16.69 14.92
+1.02 σ
+1.79 σ
+2.91 σ
 +1.41% 05 Jun
EWC MSCI Canada 19.01
Overvalued
Expensive
Expensive
 16.08 15.41 14.45
+1.10 σ
+2.09 σ
+3.61 σ
 +7.58% 05 Jun
IWM Russell 2000 18.73
Overvalued
Overvalued
Overvalued
 15.50 16.32 16.18
+1.72 σ
+1.51 σ
+1.78 σ
 +10.26% 05 Jun
EWJ MSCI Japan 18.42
Expensive
Expensive
Expensive
 14.87 14.45 14.43
+2.42 σ
+2.71 σ
+2.54 σ
 +6.76% 05 Jun
EFA MSCI EAFE 18.16
Overvalued
Expensive
Expensive
 15.29 14.90 13.73
+1.78 σ
+2.48 σ
+3.24 σ
 +4.48% 05 Jun
EWU MSCI United Kingdom 17.78
Overvalued
Expensive
Expensive
 13.55 13.45 12.37
+1.36 σ
+2.31 σ
+3.21 σ
 +4.01% 05 Jun
EWG MSCI Germany 17.67
Overvalued
Expensive
Expensive
 14.33 13.83 12.51
+1.41 σ
+2.34 σ
+3.69 σ
 +0.48% 05 Jun
EWQ MSCI France 17.51
Fair
Overvalued
Overvalued
 16.60 15.57 13.48
+0.46 σ
+1.10 σ
+1.89 σ
 +1.34% 05 Jun
VGK FTSE Europe 17.47
Overvalued
Expensive
Expensive
 14.34 13.99 12.67
+1.55 σ
+2.51 σ
+2.99 σ
 +4.03% 05 Jun
EEM MSCI Emerging Markets 16.97
Expensive
Expensive
Expensive
 13.56 13.72 13.02
+2.66 σ
+2.88 σ
+3.24 σ
 +12.06% 05 Jun
EWI MSCI Italy 13.78
Overvalued
Overvalued
Overvalued
 10.62 11.48 11.17
+1.77 σ
+1.52 σ
+1.64 σ
 +6.93% 05 Jun
EWZ MSCI Brazil 12.69
Expensive
Overvalued
Overvalued
 8.05 10.06 10.06
+3.33 σ
+1.37 σ
+1.80 σ
 -1.25% 05 Jun
FXI FTSE China 50 9.93
Fair
Fair
Fair
 10.03 11.16 10.98
-0.11 σ
-0.91 σ
-0.62 σ
 -9.62% 05 Jun
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: 05 June 2026