Where you’ll find the cheapest and most expensive stock markets in the world

For professional investors only.

Take a look at our valuation tracker and discover what stock markets look cheap or expensive around the world.  Click on our interactive map and find out the price-to-earnings (P/E) ratios of regional stock markets around the world.  Learn from our experts about where the long-term opportunities and risks are.

Paul Jackson , Global Head of Asset Allocation Research writes about the value versus growth stock debate. History has shown different styles might outperform depending on market conditions, but Jackson believes value stocks could be in favour as the decade long downtrend in bond yields is over. Find out why it’s time for value?

Over in Europe, discover why Oliver Collin , Co-Head of European Equities believes European equities are trading at attractive valuations compared to other regional equity and fixed interest markets. He also examines what the risks are in the market, with worries about a recession and interest rates staying higher for longer.

Finally, we have produced a guide to teach you how to calculate financial metrics like our investment teams do. Learn how to interpret P/E ratios, price-to-book ratios, return on equity, dividend yields and discounted cash flows, and understand if a stock is cheap or expensive.  

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