Highest P/E Ratio:
 United States: 26.31
Highest deviation vs 10Y Avg P/E:
Pacific: +3.84 σ

An investor may prefer to invest in an entire continent or geographic area because it provides diversification and spread of risk.

Investing in a larger area, such as an entire continent, provides exposure to a broader range of markets and industries, reducing the impact of negative events in any one specific market.

CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 31 July 2026
Swipe left to see all data
P/E Evaluation
Historical P/E Average
P/E Deviation vs Avg
Trend Margin
Country P/E Ratio▾ 5 Years 10 Years 20 Years 5 Years 10 Years 20 Years 5 Years 10 Years 20 Years vs SMA-200 Time (ET)
VTI United States 26.31
Overvalued
Expensive
Expensive
 22.92 20.34 16.90
+1.28 σ
+2.01 σ
+3.11 σ
 +6.62% 31 Jul
VT All World 22.55
Overvalued
Expensive
Expensive
 18.82 17.29 14.98
+1.75 σ
+2.56 σ
+3.59 σ
 +6.18% 31 Jul
VPL Pacific 18.78
Expensive
Expensive
Expensive
 14.45 14.55 14.29
+3.41 σ
+3.84 σ
+3.81 σ
 +7.11% 31 Jul
AAXJ Asia ex-Japan 18.67
Expensive
Expensive
Expensive
 14.61 14.36 13.53
+2.95 σ
+3.41 σ
+3.79 σ
 +7.05% 31 Jul
VGK Europe 18.62
Expensive
Expensive
Expensive
 14.40 14.03 12.69
+2.03 σ
+3.25 σ
+3.65 σ
 +5.94% 31 Jul
FLLA Latin America 11.86
Expensive
Fair
Fair
 8.98 11.09 11.63
+2.62 σ
+0.40 σ
+0.17 σ
 +3.45% 31 Jul
AFK Africa 10.97
Fair
Fair
Fair
 10.53 12.30 12.28
+0.50 σ
-0.79 σ
-0.90 σ
 -1.57% 31 Jul
Methodology

The Average P/E (μ) and the Standard Deviation (σ) are calculated excluding 20% outliers (i.e. over a range of values excluding 10% of observations from the top and 10% from the bottom of the dataset). Additionally, P/E values greater than 70 or lower than 1 are logarithmically normalized to reduce distortions.

A P/E between (μ - σ) and (μ + σ) is considered "Fair", over a specific timeframe.
A P/E greater than (μ + σ) is defined "Overvalued", greater than (μ + 2σ) is defined "Expensive".
A P/E less than (μ - σ) is defined "Undervalued", less than (μ - 2σ) is defined "Cheap".

The Trend is considered positive if the ETF price is higher than the 200-day moving average (SMA).

CONTINENTS - EVALUATION DIAGRAM
Long Term Trend and P/E Ratio
Last Update: 31 July 2026