Shanghai SSE Composite Index Sector Weightings

The table below presents the sector weightings of the Shanghai SSE Composite Index, the primary benchmark for mainland China’s stock market. As of January 1st, 2025, the largest sector within the index is the Financials & Real Estate sector, which accounts for 27.4% of the total index market cap. This […]

World Stock Market Capitalization & Profits

As of January 1, 2025, the total market capitalization of the global stock market stands at $128.2 trillion ($128,206,241.0 million), with U.S. stocks accounting for $62.2 trillion ($62,204,752.9 million). Over the past 14 years, the global stock market has seen significant growth, largely driven by the expansion of U.S. companies. […]

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, […]

Japan Stock Market Valuation (2025)

The current trailing P/E ratio of the Japanese stock market is 15.72 and the forward P/E ratio is 14.64 (January 1st, 2025, calculated using the Nikkei 225 index companies). Does this mean that the Japanese stock market is undervalued or overvalued? For the latest data, check the data subscriptions provided by […]

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, […]