iShares China Large-Cap ETF PE Ratio

The iShares China Large-Cap ETF currently trades at a current P/E ratio of 10.99 as of October 24, 2025.

Over the past five years, the median P/E has been 10.04, putting today's valuation in the 66.7th percentile of that range. Looking at the longer 10-year period, where the median sits at 10.79, the current reading ranks close to the median - a level historically associated with Fair Value pricing. The 20-year median of 10.65 provides additional context, with the current ratio close to the median of that extended timeframe.

Since December 1996, the iShares China Large-Cap ETF has recorded a median P/E ratio of 10.99 over 29 years. Against this full historical backdrop, the current valuation sits close to the median of all recorded readings, indicating that the market is trading in line with its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (10.99) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	10.07	91.7	Expensive
5 Year	10.04	66.7	Overvalued
10 Year	10.79	52.5	Fair Value
20 Year	10.65	53.8	Fair Value
Since Dec 1996	10.99	50.1	Fair Value

Returns vs P/E Ratio

Over the past decade, the PE rose from 8.2 (8.8th percentile) to 10.99 (52.5th percentile). Annualized total return over this period was 0.4%. Percentile rank indicates position within the historical distribution. At fair value, outcomes have historically varied; near-term paths can be mixed while longer-horizon returns tend to cluster around historical averages.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	9.32	23.9	+27.5%	+27.5%
3 Year	8.43	9.6	+84.2%	+22.6%
5 Year	14.35	84.7	-9.8%	-2%
10 Year	8.22	8.8	+3.6%	+0.4%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	10.99
Sep 2025	10.94
Aug 2025	11.11
Jul 2025	10.10
Jun 2025	9.92
May 2025	9.77
Apr 2025	10.57
Mar 2025	9.66
Feb 2025	10.06
Jan 2025	10.09
Dec 2024	8.79
Nov 2024	9.42
Oct 2024	9.32
Sep 2024	11.24
Aug 2024	9.25
Jul 2024	8.77
Jun 2024	9.06
May 2024	8.96
Apr 2024	8.82
Mar 2024	9.15
Feb 2024	8.02
Jan 2024	7.83
Dec 2023	8.67
Nov 2023	8.42
Oct 2023	8.83
Sep 2023	9.33
Aug 2023	9.40
Jul 2023	10.47
Jun 2023	8.78
May 2023	8.12
Apr 2023	9.15
Mar 2023	8.88
Feb 2023	8.75
Jan 2023	11.05
Dec 2022	10.14
Nov 2022	9.61
Oct 2022	8.43
Sep 2022	10.03
Aug 2022	10.40
Jul 2022	10.81
Jun 2022	11.84
May 2022	9.53
Apr 2022	8.53
Mar 2022	8.53
Feb 2022	11.13
Jan 2022	11.71
Dec 2021	12.19
Nov 2021	12.73
Oct 2021	12.50
Sep 2021	13.71
Aug 2021	12.89
Jul 2021	14.34
Jun 2021	14.67
May 2021	15.72
Apr 2021	16.66
Mar 2021	16.66
Feb 2021	17.99
Jan 2021	16.01
Dec 2020	14.96
Nov 2020	14.66
Oct 2020	14.35
Sep 2020	14.54
Aug 2020	14.67
Jul 2020	14.67
Jun 2020	14.40
May 2020	12.88
Apr 2020	10.36
Mar 2020	10.36
Feb 2020	11.96
Jan 2020	11.96
Dec 2019	11.68
Nov 2019	10.65
Oct 2019	10.65
Sep 2019	10.33
Aug 2019	10.33
Jul 2019	11.03
Jun 2019	10.56
May 2019	10.56
Apr 2019	11.76
Mar 2019	11.54
Feb 2019	10.77
Jan 2019	10.36
Dec 2018	9.93
Nov 2018	9.66
Oct 2018	9.66
Sep 2018	10.48
Aug 2018	11
Jul 2018	11.46
Jun 2018	11.83
May 2018	12.41
Apr 2018	12.15
Mar 2018	13.06
Feb 2018	12.92
Jan 2018	13.44
Dec 2017	12.92
Nov 2017	13.70
Oct 2017	13.33
Sep 2017	12.91
Aug 2017	13.04
Jul 2017	12.45
Jun 2017	12.57
May 2017	12.16
Apr 2017	12.16
Mar 2017	12.09
Feb 2017	11.84
Jan 2017	11.26
Dec 2016	11.44
Nov 2016	11.44
Oct 2016	11.85
Sep 2016	12
Aug 2016	11.63
Jul 2016	10.68
Jun 2016	10.17
May 2016	10.56
Apr 2016	10.17
Mar 2016	9.83
Feb 2016	9.89
Jan 2016	9.49
Dec 2015	9.49
Nov 2015	9.14
Oct 2015	8.22
Sep 2015	8.25
Aug 2015	9.13
Jul 2015	9.55
Jun 2015	10.09
May 2015	11.93
Apr 2015	10.48
Mar 2015	10.23
Feb 2015	9.69
Jan 2015	9.34
Dec 2014	8.76
Nov 2014	8.38
Oct 2014	8.38
Sep 2014	9.11
Aug 2014	9.01
Jul 2014	8.56
Jun 2014	8.56
May 2014	8.29
Apr 2014	8.29
Mar 2014	7.95
Feb 2014	8.04
Jan 2014	8.37
Dec 2013	8.90
Nov 2013	8.77
Oct 2013	8.77
Sep 2013	8.57
Aug 2013	8.57
Jul 2013	7.64
Jun 2013	7.64
May 2013	8.90
Apr 2013	8.87
Mar 2013	9.32
Feb 2013	9.70
Jan 2013	9.93
Dec 2012	9.54
Nov 2012	9.13
Oct 2012	8.66
Sep 2012	8.66
Aug 2012	8.32
Jul 2012	7.89
Jun 2012	7.89
May 2012	8.50
Apr 2012	8.94
Mar 2012	9.13
Feb 2012	9.13
Jan 2012	8.73
Dec 2011	8.17
Nov 2011	8.39
Oct 2011	6.89
Sep 2011	7.44
Aug 2011	8.47
Jul 2011	10.07
Jun 2011	10.07
May 2011	10.49
Apr 2011	11.08
Mar 2011	10.88
Feb 2011	11.05
Jan 2011	11.05
Dec 2010	11.87
Nov 2010	12.81
Oct 2010	12.41
Sep 2010	11.46
Aug 2010	11.68
Jul 2010	12.08
Jun 2010	11.59
May 2010	11.09
Apr 2010	12.99
Mar 2010	13.56
Feb 2010	13.56
Jan 2010	13.19
Dec 2009	13.53
Nov 2009	14.39
Oct 2009	13.59
Sep 2009	14
Aug 2009	14
Jul 2009	14.29
Jun 2009	13.93
May 2009	13.06
Apr 2009	12.41
Mar 2009	10.50
Feb 2009	9.55
Jan 2009	10.18
Dec 2008	8.27
Nov 2008	6.42
Oct 2008	6.58
Sep 2008	9.34
Aug 2008	11.38
Jul 2008	11.89
Jun 2008	13.08
May 2008	14.61
Apr 2008	14.15
Mar 2008	12.45
Feb 2008	13.92
Jan 2008	18.59
Dec 2007	18.52
Nov 2007	21.49
Oct 2007	23.58
Sep 2007	18.71
Aug 2007	17.16
Jul 2007	18.12
Jun 2007	16.12
May 2007	15.14
Apr 2007	13.98
Mar 2007	13.98
Feb 2007	16.64
Jan 2007	16.64
Dec 2006	15.33
Nov 2006	14.30
Oct 2006	12.28
Sep 2006	12.41
Aug 2006	12.19
Jul 2006	10.72
Jun 2006	10.72
May 2006	13.06
Apr 2006	12.28
Mar 2006	11.86
Feb 2006	11.86
Jan 2006	10.27
Dec 2005	10.27
Nov 2005	9.98
Oct 2005	10.25
Sep 2005	10.94
Aug 2005	10.57
Jul 2005	10.09
Jun 2005	9.86
May 2005	10.31
Apr 2005	10.31
Mar 2005	10.80
Feb 2005	10.42
Jan 2005	11.02
Dec 2004	11.02
Nov 2004	10.76
Oct 2004	10.76
Sep 2004	10.27
Aug 2004	10.50
Jul 2004	10
Jun 2004	10
May 2004	10.99
Apr 2004	13.07
Mar 2004	14.01
Feb 2004	14.52
Jan 2004	13.85
Dec 2003	12.77
Nov 2003	12.38
Oct 2003	12.02
Sep 2003	11.29
Aug 2003	11.29
Jul 2003	10.90
Jun 2003	10.36
May 2003	8.89
Apr 2003	8.89
Mar 2003	9.24
Feb 2003	9.61
Jan 2003	9.80
Dec 2002	9.53
Nov 2002	9.53
Oct 2002	9.75
Sep 2002	10.11
Aug 2002	10.91
Jul 2002	11.29
Jun 2002	11.68
May 2002	12.55
Apr 2002	12.55
Mar 2002	12.08
Feb 2002	12.03
Jan 2002	12.44
Dec 2001	13.50
Nov 2001	12.49
Oct 2001	10.78
Sep 2001	12.65
Aug 2001	14.40
Jul 2001	16
Jun 2001	16
May 2001	14.47
Apr 2001	14.91
Mar 2001	15.54
Feb 2001	18.48
Jan 2001	19.06
Dec 2000	22.54
Nov 2000	22.94
Oct 2000	23.93
Sep 2000	28.67
Aug 2000	31.87
Jul 2000	34.11
Jun 2000	29.46
May 2000	11.40
Apr 2000	7.45
Mar 2000	7.70
Feb 2000	8.18
Jan 2000	9.43
Dec 1999	11.30
Nov 1999	11.14
Oct 1999	12.61
Sep 1999	13.06
Aug 1999	15.04
Jul 1999	13.51
Jun 1999	12
May 1999	10.99
Apr 1999	8.73
Mar 1999	8.21
Feb 1999	9.13
Jan 1999	10.10
Dec 1998	11.06
Nov 1998	9.63
Oct 1998	9.20
Sep 1998	7.71
Aug 1998	7.27
Jul 1998	7.71
Jun 1998	8.22
May 1998	11.93
Apr 1998	12.08
Mar 1998	11
Feb 1998	8.66
Jan 1998	11.49
Dec 1997	13.82
Nov 1997	16.18
Oct 1997	18.66
Sep 1997	23.47
Aug 1997	20.96
Jul 1997	19.51
Jun 1997	18.72
May 1997	18.09
Apr 1997	14.92
Mar 1997	14.17
Feb 1997	14.44
Jan 1997	13.48
Dec 1996	11.55

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (10.99) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
Japan	17.23	94.20	Expensive
India	22.67	39.20	Undervalued
South Korea	12.89	95	Expensive
Indonesia	13.04	28.30	Undervalued
Singapore	15.33	93.30	Expensive

Definition: Trailing P/E Ratio

The trailing P/E ratio for iShares China Large-Cap ETF shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.