Here are the PE ratios of the biggest developed and emerging markets. The 2 Indian indices are the most priciest in the world after the tech heavy NASDAQ index.
| Country | Index | Apr-18 | May-18 |
|---|---|---|---|
| USA NASDAQ Composite | Nasdaq Composite | 21.6 | 22.5 |
| India (BSE) | S&P Sensex | 24.1 | 20.6 |
| India (NSE) | Nifty 50 | 22.5 | 19.8 |
| Australia | All Ordinaries | 15.9 | 16.7 |
| Chile | Stock Market Select | 17.4 | 16.2 |
| USA DOW JONES | Dow Jones Industrial Average | 16.3 | 16.1 |
| Malaysia | FTSE Bursa Malaysia KLCI | 16.6 | 15.8 |
| Thailand | Stock Exchange of Thai | 16 | 15.7 |
| Mexico | Bolsa | 15.9 | 15.6 |
| Indonesia | Jakatra Composite | 15.8 | 15.4 |
| France | CAC 40 | 14.3 | 14.5 |
| South Africa | FTSE/JSE Africa All Share | 15.4 | 14.5 |
| UK | FTSE 100 | 13.3 | 14 |
| Colombia | IGBC General | 14.2 | 13.8 |
| Singapore STI | Straits Times | 13.7 | 13.6 |
| Taiwan | Taiwan Taiex | 13.2 | 13.4 |
| Germany | Dax | 12.6 | 12.9 |
| Argentina | Indice Bolsa General | 13.4 | 12.3 |
| China | Shanghai SE Composite IX | 12.3 | 12.2 |
| Egypt | Hermes | 12.2 | 12.2 |
| Hong Kong HSI | Hang Seng | 11.6 | 11.8 |
| Brazil | Bovespa | 12.9 | 11.5 |
| Hungary | Budapest Stock Exchange | 10.5 | 10 |
| Pakistan | Karachi 30 | 9.9 | 9.4 |
| Turkey | ISE National 100 | 8.2 | 7 |
| Russia | Russian Traded | 6.3 | 5.9 |
Source: SEBI Bulletin.
Although, PE ratios on their own don’t say anything, they can be useful data point when analyzing the markets.