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, […]
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 […]
KOSPI Index (South Korea) P/E Ratio & Earnings Growth
As of January 1, 2025, the Korean KOSPI index has a trailing price-to-earnings (P/E) ratio of 11.49 and a forward P/E ratio of 7.85. These ratios are based on the KOSPI index, which serves as the benchmark equity index for the Korean stock market. The year 2023 was challenging for […]
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, […]
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 January 1, 2025, Canada’s stock market has a trailing P/E ratio of 19.36 and a […]
Price-to-Book (P/B) Ratio by Sector (U.S. Large Cap)
The table below displays the current and historical price-to-book (P/B) ratios by sector, based on the 500 largest U.S. companies. It’s important to note that P/B ratios should not be used to compare valuations across different sectors. Instead, a sector’s current P/B should be assessed relative to its historical average […]
Global Market Cap to GDP (GNI) Ratios by Country
The table below displays the total market cap-to-GNI (GDP) ratios for the world’s largest economies. This ratio, also known as the Buffett Indicator, can be used to assess a country’s stock market valuation by comparing its current level to historical averages, providing possible insight into potential future returns. As of […]