As of January 1, 2025, the FTSE 100 index has a trailing price-to-earnings (P/E) ratio of 12.85, while the forward P/E ratio is 11.24. The cyclically adjusted price-to-earnings (CAPE) ratio is 18.20. During the COVID-19 pandemic, the earnings of many major UK companies experienced a steep decline. However, in the […]
Nikkei 225 (Japan) P/E Ratio & Earnings Growth
As of January 1, 2025, Japan’s Nikkei 225 index has a trailing price-earnings (P/E) ratio of 15.72 and a forward P/E of 14.64. The cyclically adjusted CAPE ratio stands at 26.14. As one of the most widely tracked indices, the Nikkei 225 serves as a key benchmark for the Japanese […]
Historical Index Constituents & Component Changes
Many investors assume that index funds and ETFs passively own “the market”, but the reality is more complex. The underlying indices that these funds track are not static; they evolve continuously as companies are added and removed. Every year, numerous firms exit major indices, making way for new entrants. This […]
Hong Kong/Hang Seng Index P/E & Earnings Growth
As of January 1st, 2025, the Hang Seng Index (HSI) has a trailing price-to-earnings (P/E) ratio of 10.04 and a forward P/E ratio of 9.74. Widely recognized as the benchmark index for Hong Kong’s equity market, the HSI includes some of China’s leading tech giants, such as Alibaba Group, Tencent, […]
DAX Index (Germany) P/E Ratio & Earnings Growth
As of January 1, 2025, Germany’s DAX index has a trailing price-to-earnings (P/E) ratio of 15.04, while the forward P/E ratio stands at 12.99. The DAX serves as the benchmark index for the German stock market, representing 40 of the country’s largest and most liquid publicly traded companies. In 2023, […]
Total Market Value of the U.S. Stock Market
As of January 1, 2025, the total market capitalization of the U.S. stock market stands at $62.2 trillion ($62,204,752.9 million). This value represents the combined market cap of all U.S.-based public companies listed on the New York Stock Exchange, Nasdaq, or the OTCQX U.S. Market (learn more about OTC markets […]
CAPE Ratio of the Global (World) Stock Market
As of January 1, 2025, the global stock market’s Cyclically Adjusted Price-to-Earnings (CAPE) ratio stands at 24.25. This ratio is calculated using an index of around 3,000 largest publicly traded companies worldwide, encompassing firms from the United States, developed markets, and emerging economies. U.S. companies account for approximately 66% of […]
CAPE Ratios by Country (Global Shiller PE Ratios)
The table below presents the historical and current CAPE ratios of the world’s largest equity markets. Among the biggest economies, India, the U.S., and Japan stand out as having the most expensive stock markets. However, it’s important to note that the CAPE ratios of different markets should not be directly […]
Global Dividend Yields by Country
The table below presents historical dividend yields for the world’s largest economies. When assessing whether a country’s stock market may be undervalued, its current dividend yield should not be directly compared to those of other nations. Instead, dividend yield serves as a more effective valuation indicator when measured against the […]
Average Equity Returns of Public U.S. Companies
What is the average return of the U.S. stock market? The answer that has been accepted as an undeniable truth among investors is that the average annual return is around 10%. The annualized return of the most followed U.S. large cap equity index between January 1st, 1920 and January 1st, […]