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: +3.19 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 27 March 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 | |||
|
|
VTI | United States | 25.55 |
Expensive
|
Expensive
|
Expensive
|
21.56 | 18.96 | 16.24 |
+2.09 σ
|
+2.97 σ
|
+3.87 σ
|
-1.69% | 27 Mar |
| VT | All World | 20.92 |
Overvalued
|
Expensive
|
Expensive
|
17.99 | 16.38 | 14.54 |
+1.89 σ
|
+2.97 σ
|
+3.90 σ
|
+0.04% | 27 Mar | |
| VGK | Europe | 17.02 |
Overvalued
|
Expensive
|
Expensive
|
13.82 | 13.69 | 12.44 |
+1.95 σ
|
+3.19 σ
|
+3.33 σ
|
+4.68% | 27 Mar | |
| AAXJ | Asia ex-Japan | 15.10 |
Fair
|
Overvalued
|
Overvalued
|
14.53 | 13.79 | 13.25 |
+0.39 σ
|
+1.24 σ
|
+1.56 σ
|
+2.22% | 27 Mar | |
| VPL | Pacific | 13.74 |
Fair
|
Fair
|
Fair
|
14.50 | 14.32 | 14.25 |
-0.55 σ
|
-0.64 σ
|
-0.46 σ
|
-0.28% | 27 Mar | |
| FLLA | Latin America | 10.00 |
Fair
|
Fair
|
Fair
|
9.23 | 11.43 | 11.49 |
+0.51 σ
|
-0.71 σ
|
-0.97 σ
|
+0.52% | 27 Mar | |
| AFK | Africa | 7.93 |
Cheap
|
Cheap
|
Cheap
|
11.18 | 12.92 | 12.37 |
-2.53 σ
|
-2.94 σ
|
-3.29 σ
|
+8.01% | 27 Mar | |
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).
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: 27 March 2025