Highest P/E Ratio:
 United States: 27.43
Highest deviation vs 10Y Avg P/E:
Pacific: +4.86 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: 14 August 2026
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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 27.43
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.64 σ
+2.33 σ
+3.41 σ
 +10.34% 14 Aug
VT All World 23.47
Expensive
Expensive
Expensive
 18.90 17.35 15.02
+2.09 σ
+2.94 σ
+3.95 σ
 +9.71% 14 Aug
VPL Pacific 20.04
Expensive
Expensive
Expensive
 14.50 14.59 14.30
+4.15 σ
+4.86 σ
+4.82 σ
 +13.02% 14 Aug
VGK Europe 18.98
Expensive
Expensive
Expensive
 14.48 14.06 12.71
+2.10 σ
+3.41 σ
+3.83 σ
 +7.32% 14 Aug
AAXJ Asia ex-Japan 18.78
Expensive
Expensive
Expensive
 14.64 14.40 13.55
+2.89 σ
+3.40 σ
+3.81 σ
 +10.87% 14 Aug
FLLA Latin America 10.93
Overvalued
Fair
Fair
 8.99 11.07 11.63
+1.73 σ
-0.08 σ
-0.50 σ
 -3.04% 14 Aug
AFK Africa 10.67
Fair
Fair
Undervalued
 10.50 12.26 12.28
+0.20 σ
-0.95 σ
-1.10 σ
 +4.46% 14 Aug
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: 14 August 2026