As of 4th July 2026, the Australian sharemarket was overvalued.
The All Ordinaries Index is currently at 9,048 points, compared to a fair value of around 8,700 points.
Over the past 30 years, the Australian share market (All Ordinaries Index) has experienced compound geometric growth of approximately 4.3% per annum (not including dividends). For most of this time, it has remained within +/- 10% of a fair value estimate based on this growth rate.