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: 26.73
Highest deviation vs 10Y Avg P/E:
All World: +2.93 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 25 September 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 26.73
Expensive
Expensive
Expensive
 22.11 19.40 16.46
+2.23 σ
+2.91 σ
+3.90 σ
 +9.92% 12:59 PM
VT All World 21.78
Expensive
Expensive
Expensive
 18.33 16.65 14.69
+2.07 σ
+2.93 σ
+3.93 σ
 +10.07% 12:59 PM
VGK Europe 16.67
Overvalued
Expensive
Expensive
 14.02 13.75 12.52
+1.60 σ
+2.59 σ
+2.83 σ
 +7.12% 12:59 PM
AAXJ Asia ex-Japan 15.58
Fair
Overvalued
Overvalued
 14.58 13.92 13.35
+0.76 σ
+1.52 σ
+1.83 σ
 +15.44% 12:59 PM
VPL Pacific 15.42
Fair
Overvalued
Overvalued
 14.40 14.25 14.25
+0.86 σ
+1.35 σ
+1.05 σ
 +12.54% 12:59 PM
AFK Africa 10.86
Fair
Fair
Undervalued
 10.79 12.59 12.31
+0.06 σ
-0.99 σ
-1.02 σ
 +27.24% 12:50 PM
FLLA Latin America 10.21
Fair
Fair
Fair
 9.03 11.20 11.53
+0.99 σ
-0.51 σ
-0.90 σ
 +15.27% 12:39 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: 25 September 2025