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: 26.90
Highest deviation vs 10Y Avg P/E:
All World: +3.08 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 18 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 26.90
Expensive
Expensive
Expensive
 22.11 19.40 16.46
+2.32 σ
+2.98 σ
+3.97 σ
 +10.90% 18 Sep
VT All World 22.04
Expensive
Expensive
Expensive
 18.33 16.65 14.69
+2.22 σ
+3.08 σ
+4.08 σ
 +11.73% 18 Sep
VGK Europe 17.01
Overvalued
Expensive
Expensive
 14.02 13.75 12.52
+1.80 σ
+2.88 σ
+3.06 σ
 +9.75% 18 Sep
VPL Pacific 15.76
Overvalued
Overvalued
Overvalued
 14.40 14.25 14.25
+1.15 σ
+1.74 σ
+1.35 σ
 +15.47% 18 Sep
AAXJ Asia ex-Japan 15.75
Fair
Overvalued
Overvalued
 14.58 13.92 13.35
+0.88 σ
+1.66 σ
+1.96 σ
 +17.26% 18 Sep
AFK Africa 10.68
Fair
Undervalued
Undervalued
 10.79 12.59 12.31
-0.10 σ
-1.09 σ
-1.15 σ
 +26.45% 18 Sep
FLLA Latin America 10.20
Fair
Fair
Fair
 9.03 11.20 11.53
+0.98 σ
-0.51 σ
-0.90 σ
 +15.89% 18 Sep
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 September 2025