EN DE

Is the Stock Market Overvalued?

Live valuation · as of Aug 19, 2026

Share as image
Global stock market vs fair value
+32.6 %
overvalued

Cap-weighted across 26,865 valued stocks, cross-listings deduplicated. "+32.6 %" 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+120.8 % vs fair value
S&P 500+77.6 % vs fair value
MSCI World+73.9 % vs fair value
DAX+31.8 % vs fair value
Eurozone+31.2 % vs fair value
Emerging Markets+18.5 % 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+72.7 % Industrials+43.8 % Energy+37.3 % Materials+37.2 % Utilities+34.7 % Health Care+33.2 % Real Estate+29.5 % Consumer Staples+29.5 % Communication Services+20.9 % Consumer Discretionary+19.0 % Financials+4.2 %
Industrial Goods+3.4 %
Services−6.3 %
Other−34.2 %

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−21.4 %
Philippines−17.5 %
Indonesia−9.6 %
Brazil−4.5 %
Thailand−1.7 %
Most expensive
Australia+58.0 %
India+51.5 %
USA+50.7 %
Canada+45.8 %
Finland+39.9 %
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 19, 2026. https://www.fairvalue-calculator.com/market-valuation/

Top rated stocks below fair value, today

Adobe Systems Incorporated +72% below fair value · quality 94/100 Deckers Outdoor Corporation +39% below fair value · quality 84/100 Infosys Limited +79% below fair value · quality 83/100 Temenos Group +49% below fair value · quality 84/100 Jumbo S.A. +39% below fair value · quality 83/100

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 19, 2026.