Highest P/E Ratio:
 United States: 25.91
Highest deviation vs 10Y Avg P/E:
Asia ex-Japan: +3.85 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: 15 May 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 25.91
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.26 σ
+2.00 σ
+3.10 σ
 +8.86% 15 May
VT All World 21.67
Overvalued
Expensive
Expensive
 18.66 17.16 14.91
+1.51 σ
+2.26 σ
+3.29 σ
 +8.60% 15 May
AAXJ Asia ex-Japan 18.99
Expensive
Expensive
Expensive
 14.58 14.27 13.49
+3.29 σ
+3.85 σ
+4.15 σ
 +17.00% 15 May
VPL Pacific 18.05
Expensive
Expensive
Expensive
 14.40 14.48 14.27
+3.09 σ
+3.39 σ
+3.25 σ
 +16.81% 15 May
VGK Europe 17.03
Overvalued
Expensive
Expensive
 14.28 13.96 12.65
+1.40 σ
+2.27 σ
+2.75 σ
 +3.37% 15 May
FLLA Latin America 11.66
Expensive
Fair
Fair
 8.97 11.13 11.61
+2.46 σ
+0.28 σ
+0.04 σ
 +8.52% 15 May
AFK Africa 10.70
Fair
Fair
Undervalued
 10.59 12.39 12.29
+0.11 σ
-0.99 σ
-1.10 σ
 +4.76% 15 May
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: 15 May 2026