Highest P/E Ratio:
 United States: 26.12
Highest deviation vs 10Y Avg P/E:
Asia ex-Japan: +2.93 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: 16 March 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 26.12
Overvalued
Expensive
Expensive
 22.55 19.97 16.71
+1.45 σ
+2.19 σ
+3.29 σ
 +1.92% 04:00 PM
VT All World 21.84
Overvalued
Expensive
Expensive
 18.56 17.03 14.86
+1.73 σ
+2.48 σ
+3.51 σ
 +3.49% 04:00 PM
AAXJ Asia ex-Japan 17.66
Expensive
Expensive
Expensive
 14.58 14.18 13.46
+2.29 σ
+2.93 σ
+3.26 σ
 +10.16% 04:00 PM
VGK Europe 17.45
Overvalued
Expensive
Expensive
 14.19 13.91 12.62
+1.75 σ
+2.73 σ
+3.10 σ
 +3.26% 04:00 PM
VPL Pacific 16.90
Expensive
Expensive
Expensive
 14.40 14.41 14.27
+2.13 σ
+2.47 σ
+2.27 σ
 +11.62% 04:00 PM
FLLA Latin America 13.73
Expensive
Overvalued
Overvalued
 8.97 11.13 11.58
+4.36 σ
+1.35 σ
+1.50 σ
 +13.90% 03:59 PM
AFK Africa 13.67
Expensive
Fair
Fair
 10.63 12.45 12.30
+3.06 σ
+0.71 σ
+0.95 σ
 +9.35% 04:00 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: 16 March 2026