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.
Highest P/E Ratio:
Highest deviation vs 10Y Avg P/E:
Europe: +2.95 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 05 June 2025
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P/E Evaluation
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Historical P/E Average
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P/E Deviation vs Avg
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Trend Margin |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 24.06 |
Overvalued
|
Expensive
|
Expensive
|
21.93 | 19.17 | 16.35 |
+1.13 σ
|
+2.08 σ
|
+3.06 σ
|
+2.20% | 05 Jun |
| VT | All World | 19.99 |
Overvalued
|
Expensive
|
Expensive
|
18.25 | 16.50 | 14.61 |
+1.11 σ
|
+2.13 σ
|
+3.14 σ
|
+4.74% | 05 Jun | |
| VGK | Europe | 16.84 |
Overvalued
|
Expensive
|
Expensive
|
14.00 | 13.70 | 12.48 |
+1.73 σ
|
+2.95 σ
|
+3.07 σ
|
+11.79% | 05 Jun | |
| AAXJ | Asia ex-Japan | 15.01 |
Fair
|
Overvalued
|
Overvalued
|
14.64 | 13.83 | 13.29 |
+0.26 σ
|
+1.10 σ
|
+1.44 σ
|
+6.90% | 05 Jun | |
| VPL | Pacific | 14.09 |
Fair
|
Fair
|
Fair
|
14.53 | 14.26 | 14.24 |
-0.33 σ
|
-0.20 σ
|
-0.14 σ
|
+6.75% | 05 Jun | |
| FLLA | Latin America | 10.39 |
Fair
|
Fair
|
Fair
|
9.16 | 11.31 | 11.50 |
+0.87 σ
|
-0.46 σ
|
-0.74 σ
|
+9.64% | 05 Jun | |
| AFK | Africa | 10.00 |
Fair
|
Undervalued
|
Undervalued
|
11.02 | 12.75 | 12.34 |
-0.81 σ
|
-1.58 σ
|
-1.69 σ
|
+18.37% | 05 Jun | |
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: 05 June 2025
