Is the stock market overvalued right now?

Cap-weighted across 27526 valued stocks, the global market currently sits +33.9 % versus its aggregate fair value (as of Jul 17, 2026), i.e. overvalued. Model-based estimate, not financial advice.

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Is the Stock Market Overvalued?

Live valuation · as of Jul 17, 2026

Global stock market vs fair value

+33.9 %

overvalued

Cap-weighted across 27,526 valued stocks, cross-listings deduplicated. "+33.9 %" means the market trades above its aggregate fair value.

Major indices: expensive or cheap?

Nasdaq 100+151.3 % vs fair value

S&P 500+89.0 % vs fair value

MSCI World+75.4 % vs fair value

DAX+40.4 % vs fair value

Emerging Markets+37.0 % vs fair value

Eurozone+21.4 % vs fair value

Sectors: where is the over- and undervaluation?

Information Technology+107.0 %

Industrials+42.1 %

Health Care+35.5 %

Consumer Staples+34.6 %

Utilities+30.6 %

Real Estate+30.1 %

Materials+29.1 %

Energy+24.6 %

Consumer Discretionary+22.8 %

Communication Services+22.2 %

Financials−2.8 %

Other−5.8 %

Industrial Goods−16.6 %

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 %

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Methodology

For over 30,000 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, not financial advice. This valuation does not account for your personal situation, risk tolerance or investment horizon. As of Jul 17, 2026.