iShares MSCI India ETF PE Ratio

The iShares MSCI India ETF currently trades at a current P/E ratio of 24.7 as of October 24, 2025.

Over the past five years, the median P/E has been 22.82, putting today's valuation in the 88.3th percentile of that range. Looking at the longer 10-year period, where the median sits at 20.08, the current reading ranks in the 94.2th percentile - a level historically associated with Expensive pricing. The 20-year median of 17.26 provides additional context, with the current ratio in the 97.1th percentile of that extended timeframe.

Since December 1995, the iShares MSCI India ETF has recorded a median P/E ratio of 15.69 over 30 years. Against this full historical backdrop, the current valuation sits in the 98.1th percentile of all recorded readings, indicating that the market is trading well above its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (24.7) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	23.86	83.3	Expensive
5 Year	22.82	88.3	Expensive
10 Year	20.08	94.2	Expensive
20 Year	17.26	97.1	Expensive
Since Dec 1995	15.69	98.1	Expensive

Returns vs P/E Ratio

Over the past decade, the PE rose from 17.3 (89.1th percentile) to 24.7 (94.2th percentile). Annualized total return over this period was 6.2%. Percentile rank indicates position within the historical distribution. Elevated valuations do not necessarily imply immediate low returns; markets can remain richly valued for extended periods, but this warrants caution for longer-horizon return assumptions.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	25.55	99.1	-1.6%	-1.6%
3 Year	20.6	90.7	+31.4%	+9.5%
5 Year	20.99	97	+56.1%	+9.3%
10 Year	17.3	89.1	+82.7%	+6.2%

Historical Data (1995-2025)

Date	Current PE Ratio
Oct 2025	24.70
Sep 2025	22.87
Aug 2025	24.13
Jul 2025	23.33
Jun 2025	24.68
May 2025	25.11
Apr 2025	23.82
Mar 2025	22.98
Feb 2025	22.71
Jan 2025	23.90
Dec 2024	23.56
Nov 2024	25.31
Oct 2024	25.55
Sep 2024	27.20
Aug 2024	27.12
Jul 2024	24.14
Jun 2024	24.33
May 2024	24.23
Apr 2024	24.43
Mar 2024	23.77
Feb 2024	24.21
Jan 2024	22.47
Dec 2023	23.04
Nov 2023	23.08
Oct 2023	22.21
Sep 2023	22.97
Aug 2023	24.39
Jul 2023	25.62
Jun 2023	24.99
May 2023	21.72
Apr 2023	22.21
Mar 2023	21.12
Feb 2023	20.21
Jan 2023	20.45
Dec 2022	21.25
Nov 2022	22.01
Oct 2022	20.60
Sep 2022	22.14
Aug 2022	21.36
Jul 2022	20.65
Jun 2022	19.07
May 2022	19.83
Apr 2022	19.95
Mar 2022	19.81
Feb 2022	19.93
Jan 2022	21.77
Dec 2021	22.32
Nov 2021	21.87
Oct 2021	23.31
Sep 2021	23.67
Aug 2021	23.14
Jul 2021	22.33
Jun 2021	22.38
May 2021	21.51
Apr 2021	21
Mar 2021	21.70
Feb 2021	22.25
Jan 2021	22.76
Dec 2020	23.66
Nov 2020	21.70
Oct 2020	20.99
Sep 2020	22.73
Aug 2020	22.96
Jul 2020	23.48
Jun 2020	22.11
May 2020	19.40
Apr 2020	15.63
Mar 2020	12.43
Feb 2020	17.12
Jan 2020	18.75
Dec 2019	18.67
Nov 2019	18.89
Oct 2019	17.93
Sep 2019	17.18
Aug 2019	17.27
Jul 2019	17
Jun 2019	18.27
May 2019	18.27
Apr 2019	18.19
Mar 2019	17.97
Feb 2019	17.13
Jan 2019	17.11
Dec 2018	17.11
Nov 2018	16.37
Oct 2018	16.37
Sep 2018	17.95
Aug 2018	19.51
Jul 2018	18.28
Jun 2018	17.97
May 2018	17.58
Apr 2018	17.26
Mar 2018	17.26
Feb 2018	18.19
Jan 2018	19.22
Dec 2017	18.35
Nov 2017	18.07
Oct 2017	18.26
Sep 2017	17.80
Aug 2017	18.26
Jul 2017	17.89
Jun 2017	17.60
May 2017	17.86
Apr 2017	17.58
Mar 2017	17.41
Feb 2017	17.18
Jan 2017	15.98
Dec 2016	15.71
Nov 2016	15.84
Oct 2016	17.05
Sep 2016	17.98
Aug 2016	17.90
Jul 2016	17.69
Jun 2016	16.99
May 2016	16.75
Apr 2016	16.78
Mar 2016	15.95
Feb 2016	15.63
Jan 2016	16.03
Dec 2015	16.94
Nov 2015	16.55
Oct 2015	17.30
Sep 2015	16.56
Aug 2015	17.84
Jul 2015	18.08
Jun 2015	17.13
May 2015	16.46
Apr 2015	17.67
Mar 2015	17.94
Feb 2015	17.70
Jan 2015	17.20
Dec 2014	15.84
Nov 2014	16.77
Oct 2014	15.91
Sep 2014	16.44
Aug 2014	16.14
Jul 2014	15.83
Jun 2014	15.79
May 2014	15.33
Apr 2014	14.59
Mar 2014	13.53
Feb 2014	13.53
Jan 2014	14.26
Dec 2013	14.05
Nov 2013	14.26
Oct 2013	13.83
Sep 2013	13.99
Aug 2013	12.51
Jul 2013	13.79
Jun 2013	13.40
May 2013	13.99
Apr 2013	12.70
Mar 2013	13.57
Feb 2013	13.88
Jan 2013	14.19
Dec 2012	14.04
Nov 2012	13.60
Oct 2012	13.50
Sep 2012	13.25
Aug 2012	12.73
Jul 2012	12.26
Jun 2012	11.68
May 2012	11.81
Apr 2012	12.60
Mar 2012	13.20
Feb 2012	14.11
Jan 2012	12.41
Dec 2011	11.68
Nov 2011	13.39
Oct 2011	13.24
Sep 2011	11.84
Aug 2011	13.64
Jul 2011	13.87
Jun 2011	13.91
May 2011	14.11
Apr 2011	14.99
Mar 2011	13.99
Feb 2011	13.99
Jan 2011	14.71
Dec 2010	15.90
Nov 2010	16.55
Oct 2010	16.73
Sep 2010	16.73
Aug 2010	15.47
Jul 2010	15.67
Jun 2010	14.71
May 2010	14.71
Apr 2010	16.15
Mar 2010	16.70
Feb 2010	16.04
Jan 2010	15.66
Dec 2009	16.55
Nov 2009	16.55
Oct 2009	15.80
Sep 2009	17.64
Aug 2009	16.82
Jul 2009	15.64
Jun 2009	16.80
May 2009	15.29
Apr 2009	13.46
Mar 2009	11.58
Feb 2009	10.42
Jan 2009	10.42
Dec 2008	9.10
Nov 2008	8.64
Oct 2008	8.23
Sep 2008	11.50
Aug 2008	13.97
Jul 2008	12.46
Jun 2008	14.46
May 2008	15.74
Apr 2008	17.59
Mar 2008	15.46
Feb 2008	18.38
Jan 2008	22.48
Dec 2007	23.06
Nov 2007	22.07
Oct 2007	21.52
Sep 2007	20.87
Aug 2007	18.19
Jul 2007	19.15
Jun 2007	18.66
May 2007	17.80
Apr 2007	16.09
Mar 2007	15.60
Feb 2007	16.48
Jan 2007	18
Dec 2006	17.46
Nov 2006	17.90
Oct 2006	17.45
Sep 2006	16.96
Aug 2006	16.82
Jul 2006	15.11
Jun 2006	13.56
May 2006	15.80
Apr 2006	18.85
Mar 2006	17.32
Feb 2006	16.42
Jan 2006	15.39
Dec 2005	15.51
Nov 2005	14.86
Oct 2005	14.40
Sep 2005	14.92
Aug 2005	14.43
Jul 2005	13.91
Jun 2005	13.43
May 2005	12.37
Apr 2005	12.95
Mar 2005	12.86
Feb 2005	13.14
Jan 2005	12.70
Dec 2004	13.12
Nov 2004	12.72
Oct 2004	12.51
Sep 2004	12.26
Aug 2004	11.51
Jul 2004	11.29
Jun 2004	11.40
May 2004	11.40
Apr 2004	13.44
Mar 2004	13.81
Feb 2004	15.10
Jan 2004	15.67
Dec 2003	14.72
Nov 2003	13.51
Oct 2003	13.08
Sep 2003	12.37
Aug 2003	11.37
Jul 2003	10.58
Jun 2003	9.55
May 2003	9.30
Apr 2003	9.47
Mar 2003	9.90
Feb 2003	10.35
Jan 2003	10.86
Dec 2002	10.58
Nov 2002	9.98
Oct 2002	10.09
Sep 2002	9.86
Aug 2002	9.70
Jul 2002	10.32
Jun 2002	10.78
May 2002	10.99
Apr 2002	10.95
Mar 2002	10.95
Feb 2002	10.82
Jan 2002	10.61
Dec 2001	10.61
Nov 2001	9.98
Oct 2001	8.98
Sep 2001	8.46
Aug 2001	9.46
Jul 2001	9.83
Jun 2001	10.27
May 2001	9.93
Apr 2001	9.93
Mar 2001	10.94
Feb 2001	12.63
Jan 2001	13.27
Dec 2000	15.07
Nov 2000	15.16
Oct 2000	12.94
Sep 2000	16.94
Aug 2000	17
Jul 2000	17
Jun 2000	14.70
May 2000	14.01
Apr 2000	16.35
Mar 2000	18.93
Feb 2000	21.56
Jan 2000	20.61
Dec 1999	15.18
Nov 1999	14.42
Oct 1999	16.16
Sep 1999	15.69
Aug 1999	15.14
Jul 1999	14.40
Jun 1999	12.89
May 1999	11.42
Apr 1999	11.78
Mar 1999	11.36
Feb 1999	10.50
Jan 1999	10.02
Dec 1998	8.89
Nov 1998	8.92
Oct 1998	8.71
Sep 1998	8.71
Aug 1998	9.02
Jul 1998	9.20
Jun 1998	9.68
May 1998	11.79
Apr 1998	12.14
Mar 1998	10.55
Feb 1998	10.34
Jan 1998	10.59
Dec 1997	10.59
Nov 1997	10.83
Oct 1997	11.61
Sep 1997	12.27
Aug 1997	13.10
Jul 1997	12.61
Jun 1997	12.35
May 1997	11.39
Apr 1997	11.10
Mar 1997	10.96
Feb 1997	10.67
Jan 1997	10.41
Dec 1996	9.09
Nov 1996	9.45
Oct 1996	9.71
Sep 1996	10.20
Aug 1996	10.71
Jul 1996	11.42
Jun 1996	12.48
May 1996	12.23
Apr 1996	11.99
Mar 1996	10.89
Feb 1996	11.06
Jan 1996	9.98
Dec 1995	10.83

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (24.7) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
China	14.52	92.50	Expensive
Japan	17.23	94.20	Expensive
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 MSCI India 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.