World Areas and current P/E Ratios

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:
United States: 25.49
Highest deviation vs 10Y Avg P/E:
Europe: +2.83 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 18 July 2025
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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 25.49
Overvalued
Expensive
Expensive
21.99 19.24 16.38
+1.82 σ
+2.59 σ
+3.57 σ
+6.92% 04:00 PM
VT All World 20.86
Overvalued
Expensive
Expensive
18.28 16.54 14.64
+1.60 σ
+2.57 σ
+3.57 σ
+7.87% 04:00 PM
VGK Europe 16.78
Overvalued
Expensive
Expensive
14.00 13.71 12.49
+1.70 σ
+2.83 σ
+2.99 σ
+9.74% 04:00 PM
AAXJ Asia ex-Japan 15.90
Fair
Overvalued
Expensive
14.62 13.86 13.31
+0.92 σ
+1.89 σ
+2.15 σ
+11.32% 04:00 PM
VPL Pacific 14.30
Fair
Fair
Fair
14.49 14.25 14.24
-0.14 σ
+0.05 σ
+0.05 σ
+7.54% 04:00 PM
FLLA Latin America 9.98
Fair
Fair
Undervalued
9.12 11.27 11.51
+0.65 σ
-0.66 σ
-1.03 σ
+4.84% 03:52 PM
AFK Africa 9.88
Fair
Undervalued
Undervalued
10.93 12.69 12.33
-0.86 σ
-1.60 σ
-1.75 σ
+20.45% 04:00 PM
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: 18 July 2025