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: 26.89
Highest deviation vs 10Y Avg P/E:
 MSCI Germany: +2.24 σ
MAJOR STOCK INDEXES P/E RATIO
Broad US and Global Stock Indexes
Last Update: 16 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 26.89
Undervalued
Fair
Fair
 30.49 27.47 22.65
-1.22 σ
-0.15 σ
+0.76 σ
 +5.17% 16 Oct
SPY S&P 500 23.87
Fair
Fair
Expensive
 23.64 20.54 16.80
+0.07 σ
+0.96 σ
+2.16 σ
 +5.27% 16 Oct
INDA MSCI India 22.34
Fair
Fair
Overvalued
 23.05 21.03 18.19
-0.55 σ
+0.56 σ
+1.42 σ
 -3.73% 16 Oct
URTH MSCI World 21.79
Fair
Overvalued
Expensive
 21.22 19.12 16.10
+0.23 σ
+1.00 σ
+2.07 σ
 +4.27% 16 Oct
DIA Dow Jones 20.98
Fair
Fair
Overvalued
 22.71 20.85 17.56
-0.61 σ
+0.05 σ
+1.15 σ
 +2.93% 16 Oct
EWA MSCI Australia 20.67
Overvalued
Overvalued
Expensive
 17.72 16.86 15.06
+1.09 σ
+1.92 σ
+3.02 σ
 -0.08% 16 Oct
VT FTSE Global All Cap 20.18
Fair
Overvalued
Expensive
 19.01 17.46 15.09
+0.53 σ
+1.28 σ
+2.31 σ
 +3.06% 16 Oct
EWC MSCI Canada 19.67
Overvalued
Expensive
Expensive
 16.44 15.52 14.54
+1.15 σ
+2.21 σ
+3.79 σ
 +4.47% 16 Oct
EWG MSCI Germany 18.03
Overvalued
Expensive
Expensive
 14.59 14.05 12.60
+1.35 σ
+2.24 σ
+3.64 σ
 -1.78% 16 Oct
VGK FTSE Europe 17.42
Overvalued
Expensive
Expensive
 14.63 14.12 12.76
+1.26 σ
+2.18 σ
+2.80 σ
 -0.55% 16 Oct
EWQ MSCI France 17.37
Fair
Fair
Overvalued
 16.66 15.73 13.60
+0.35 σ
+0.92 σ
+1.72 σ
 -6.83% 16 Oct
EFA MSCI EAFE 17.32
Overvalued
Overvalued
Expensive
 15.48 15.04 13.82
+1.03 σ
+1.60 σ
+2.44 σ
 +0.56% 16 Oct
EWU MSCI United Kingdom 17.14
Fair
Overvalued
Expensive
 13.94 13.50 12.46
+0.99 σ
+1.84 σ
+2.66 σ
 +2.52% 16 Oct
IWM Russell 2000 15.93
Fair
Fair
Fair
 15.59 16.36 16.19
+0.17 σ
-0.26 σ
-0.18 σ
 -2.60% 16 Oct
EWJ MSCI Japan 14.89
Fair
Fair
Fair
 15.04 14.64 14.45
-0.09 σ
+0.16 σ
+0.27 σ
 +4.01% 16 Oct
EWI MSCI Italy 14.52
Overvalued
Overvalued
Expensive
 10.74 11.57 11.21
+1.96 σ
+1.86 σ
+2.03 σ
 -2.87% 16 Oct
EEM MSCI Emerging Markets 13.63
Fair
Fair
Fair
 13.61 13.82 13.09
+0.01 σ
-0.16 σ
+0.42 σ
 -1.18% 16 Oct
EWZ MSCI Brazil 10.54
Overvalued
Fair
Fair
 8.29 10.06 10.14
+1.36 σ
+0.25 σ
+0.28 σ
 +13.24% 16 Oct
FXI FTSE China 50 9.35
Fair
Undervalued
Fair
 9.82 11.08 10.94
-0.61 σ
-1.24 σ
-0.94 σ
 -6.03% 16 Oct
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: 16 October 2026