Country P/E Ratios

There seemed to be quite a bit of interest in our post yesterday about China's Shanghai Composite now having a lower valuation than the Nasdaq.  Below we have updated our chart of current P/E ratios for the major indices of selected countries.  As shown, the Nasdaq currently has the highest trailing 12-month P/E of the countries we analyzed.  The Netherlands, Germany and the Euro Stoxx Index have the lowest valuations.

Looking at estimated P/E ratios for the current year, we see that Japan's Nikkei-225 Index is the highest, while the UK's FTSE 100 is the lowest.