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Is the Stock Market Overvalued?

Live valuation · as of Aug 13, 2026

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Global stock market vs fair value
+34.3 %
overvalued

Cap-weighted across 27,243 valued stocks, cross-listings deduplicated. "+34.3 %" 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+159.1 % vs fair value
S&P 500+97.2 % vs fair value
MSCI World+81.2 % vs fair value
DAX+31.1 % vs fair value
Eurozone+26.7 % vs fair value
Emerging Markets+24.5 % 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+111.4 % Industrials+45.0 % Health Care+34.3 % Materials+34.2 % Energy+31.7 % Consumer Staples+29.8 % Real Estate+28.4 % Utilities+26.9 % Consumer Discretionary+20.6 % Communication Services+17.9 % Financials−1.0 %
Industrial Goods−3.2 %
Services−3.6 %
Other−40.0 %

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
Philippines−24.5 %
Hong Kong−22.4 %
Brazil−20.4 %
Vietnam−18.2 %
Indonesia−14.4 %
Most expensive
Taiwan+67.4 %
Australia+57.2 %
USA+55.5 %
India+50.6 %
Canada+41.6 %
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 13, 2026. https://www.fairvalue-calculator.com/market-valuation/

Top rated stocks below fair value, today

Adobe Systems Incorporated +43% below fair value · quality 94/100 Deckers Outdoor Corporation +33% below fair value · quality 84/100 Evolution AB +32% below fair value · quality 79/100 Cognizant Technology Solutions Corp Class A +60% below fair value · quality 76/100 Best Buy Co. +31% below fair value · quality 72/100

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 13, 2026.