Many investors assume that index funds and ETFs passively own “the market”, but the reality is much 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 […]
Total Market Value of the U.S. Stock Market
As of October 1, 2025 (end-of-day), the total market capitalization of the U.S. stock market stands at $67.8 trillion ($67,765,993.7 million). Between January and beginning of April this year, $10 trillion in value was wiped out from the U.S. stock market after Trump’s first tariff announcements but the market has […]
Emerging Markets Equity Valuations
The table below presents the current and historical equity market valuations for selected emerging markets. As of July 1, 2025, the trailing Price-to-Earnings (P/E) ratio of the MSCI Emerging Markets Index stands at 15.30, while the forward P/E ratio is 12.70. Among the major emerging economies, India’s stock market is […]
Europe P/E (Price-Earnings) Ratio & Earnings Growth – European Equity Valuations
The table below presents the current and historical price-to-earnings (P/E) ratios of the European stock market. These ratios are calculated using the STOXX Europe 600 index, which includes large, mid, and small-cap companies from 17 European countries, including the United Kingdom. As of July 1st, 2025, the trailing P/E ratio […]
Canada Stock Market – P/E Ratio, CAPE & Earnings Growth
The table below presents the historical price-to-earnings (P/E) ratio (TTM), earnings per share (EPS), CAPE ratio, and dividend yield for Canada’s equity market, based on large-cap companies listed on the Toronto Stock Exchange. As of July 1, 2025, Canada’s stock market has a trailing P/E ratio of 19.17 and a […]
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 […]
Hong Kong/Hang Seng Index P/E & Earnings Growth
As of July 1st, 2025, the Hang Seng Index (HSI) has a trailing price-to-earnings (P/E) ratio of 11.49 and a forward P/E ratio of 13.42. 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, […]
Global P/E Ratios (Price-Earnings) by Country
The table below presents the price-to-earnings (P/E) ratios of the world’s largest stock markets, based on their respective benchmark equity indices. It includes both trailing and forward P/E ratios for each country. Currently, India and the United States stand out as the most expensive equity markets worldwide. In contrast, within […]
Global Stock Market P/E Ratio & Earnings Growth
As of July 1, 2025, the global equity market has a trailing Price-Earnings (P/E) ratio of 22.02 and a forward P/E ratio of 18.75. These multiples are based on an index comprising 3,000 publicly traded companies from 47 countries. Both ratios exceed long-term historical averages, indicating a potential overvaluation of […]
EV/EBITDA (Enterprise Multiple) by Sector/Industry (U.S. Large Cap)
The table below presents the current and historical Enterprise Multiples (EV/EBITDA) by Sector, calculated using the 500 largest publicly traded U.S. companies. Comparing a sector’s current enterprise multiple to its historical average can help assess whether the sector might be currently undervalued or overvalued. Note: The Financials sector is excluded, […]