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Is the Stock Market Overvalued?

Live valuation · as of Aug 14, 2026

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Global stock market vs fair value
+32.6 %
overvalued

Cap-weighted across 26,907 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+121.2 % vs fair value
S&P 500+83.8 % vs fair value
MSCI World+73.0 % vs fair value
DAX+31.4 % vs fair value
Eurozone+26.6 % vs fair value
Emerging Markets+24.2 % 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+73.1 % Industrials+44.6 % Energy+35.3 % Utilities+35.0 % Health Care+33.7 % Materials+32.7 % Consumer Staples+31.1 % Real Estate+29.7 % Communication Services+20.8 % Consumer Discretionary+19.9 %
Industrial Goods+4.9 %
Financials+4.4 %
Services−4.2 %
Other−36.0 %

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
Hong Kong−22.6 %
Philippines−18.1 %
Indonesia−11.0 %
Brazil−4.1 %
Thailand−0.2 %
Most expensive
Australia+59.1 %
India+53.2 %
USA+51.1 %
Canada+46.5 %
Finland+41.3 %
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 14, 2026. https://www.fairvalue-calculator.com/market-valuation/

Top rated stocks below fair value, today

Adobe Systems Incorporated +67% below fair value · quality 94/100 Infosys Limited +70% below fair value · quality 83/100 Tata Consultancy Services Limited +46% below fair value · quality 76/100 Godaddy +48% below fair value · quality 74/100 Fujitsu Ltd ADR +56% below fair value · quality 73/100

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 14, 2026.