Nov 1, 2025
Ranked: P/E Ratios in Emerging vs. Developed Markets

What We're Showing
Emerging Markets (EMs) often offer attractive stock valuations, with lower price-to-earning ratios (P/E ratios) that may still deliver strong returns for investors.
In this graphic, the third and final in the EMs Series, Visual Capitalist has partnered with Global X ETFs to explore the P/E ratios of Emerging and Developed Markets.
Key Takeaways
- Emerging market stocks trade at P/E ratios over 30% lower than developed markets, and more than 40% lower than U.S. equities.
- Singaporean stocks have the lowest price-to-earnings (P/E) ratio: 15.3.
- New Zealand stocks have the highest P/E ratio: 101.4