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: 27.59
Highest deviation vs 10Y Avg P/E:
Europe: +3.57 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 25 November 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 27.59
Expensive
Expensive
Expensive
 22.26 19.59 16.54
+2.43 σ
+3.07 σ
+4.09 σ
 +9.62% 25 Nov
VT All World 22.90
Expensive
Expensive
Expensive
 18.41 16.78 14.75
+2.58 σ
+3.38 σ
+4.38 σ
 +8.91% 25 Nov
VGK Europe 18.01
Expensive
Expensive
Expensive
 14.09 13.80 12.55
+2.26 σ
+3.57 σ
+3.64 σ
 +5.42% 25 Nov
VPL Pacific 17.29
Expensive
Expensive
Expensive
 14.40 14.30 14.26
+2.46 σ
+3.26 σ
+2.65 σ
 +9.91% 25 Nov
AAXJ Asia ex-Japan 16.96
Overvalued
Expensive
Expensive
 14.57 14.00 13.38
+1.80 σ
+2.66 σ
+2.87 σ
 +10.86% 25 Nov
AFK Africa 11.97
Overvalued
Fair
Fair
 10.65 12.50 12.29
+1.28 σ
-0.30 σ
-0.22 σ
 +18.36% 25 Nov
FLLA Latin America 10.52
Overvalued
Fair
Fair
 8.99 11.16 11.55
+1.35 σ
-0.33 σ
-0.71 σ
 +13.89% 25 Nov
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 November 2025