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Is the Stock Market Overvalued?

Live valuation · as of Aug 22, 2026

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Global stock market vs fair value
+32.2 %
overvalued

Cap-weighted across 27,043 valued stocks, cross-listings deduplicated. "+32.2 %" means the market trades above its aggregate fair value.

World map of stock market valuation

Each area is coloured by its cap-weighted gap to fair value: green trades below, red above the computed value. Click a continent for size classes and sectors.

Major indices: expensive or cheap?

Nasdaq 100+118.8 % vs fair value
S&P 500+76.4 % vs fair value
MSCI World+70.6 % vs fair value
DAX+31.8 % vs fair value
Eurozone+30.4 % vs fair value
Emerging Markets+17.8 % vs fair value

The same figures as a dated, citable edition with a dataset to download: Stock market valuation statistics.

Sectors: where is the over- and undervaluation?

Information Technology+69.6 % Industrials+42.1 % Materials+40.2 % Energy+37.3 % Health Care+36.0 % Utilities+34.7 % Real Estate+33.1 % Consumer Staples+29.4 % Communication Services+25.2 % Consumer Discretionary+17.4 %
Industrial Goods+10.2 %
Financials+3.4 %
Other−35.2 %

The cheapest and most expensive stock markets in the world

Cap-weighted gap to fair value per country (min. 100 valued stocks): larger companies carry more weight than smaller ones.

Cheapest
Hong Kong−20.2 %
Philippines−18.6 %
Brazil−18.0 %
Indonesia−4.6 %
Turkey−3.4 %
Most expensive
Australia+54.0 %
India+52.1 %
USA+51.1 %
Switzerland+43.6 %
Finland+42.0 %
Use this data

Journalists and bloggers: free to cite with a link back. Updated daily, free to use with attribution.

Fair Value Calculator, "Is the Stock Market Overvalued?", as of Aug 22, 2026. https://www.fairvalue-calculator.com/market-valuation/

Top rated stocks below fair value, today

Adobe Systems Incorporated +66% below fair value · quality 94/100 Deckers Outdoor Corporation +40% below fair value · quality 84/100 Infosys Limited +78% below fair value · quality 83/100 Jumbo S.A. +41% below fair value · quality 83/100 TAL Education Group +36% below fair value · quality 80/100

See all undervalued stocks →

What does this mean for your money?

Suggested cash allocation

From the overall valuation we derive a cash range, plus how your own watchlist sits versus fair value and which of your positions stand out.

🔒 25–35 %
Try free for 14 days and see the cash allocation

Methodology

For over 35,000 stocks we compute a fundamental fair value from multiple models and aggregate the over/undervaluation cap-weighted into a market figure. Cross-listings are deduplicated, outliers capped. Index valuations use look-through: the weighted fair value of the constituent stocks. One source, updated daily.

Model-based estimate. This valuation does not account for your personal situation, risk tolerance or investment horizon. As of Aug 22, 2026.