Highest P/E Ratio:
 United States: 26.16
Highest deviation vs 10Y Avg P/E:
Asia ex-Japan: +4.01 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: 26 June 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 26.16
Overvalued
Expensive
Expensive
 22.82 20.25 16.85
+1.28 σ
+2.02 σ
+3.12 σ
 +6.81% 09:30 AM
VT All World 22.15
Overvalued
Expensive
Expensive
 18.74 17.22 14.95
+1.65 σ
+2.43 σ
+3.46 σ
 +6.96% 09:30 AM
AAXJ Asia ex-Japan 19.31
Expensive
Expensive
Expensive
 14.59 14.32 13.50
+3.50 σ
+4.01 σ
+4.32 σ
 +16.53% 09:30 AM
VPL Pacific 18.07
Expensive
Expensive
Expensive
 14.42 14.52 14.27
+3.01 σ
+3.31 σ
+3.26 σ
 +16.80% 09:30 AM
VGK Europe 17.76
Overvalued
Expensive
Expensive
 14.34 13.99 12.67
+1.69 σ
+2.72 σ
+3.16 σ
 +3.40% 09:30 AM
FLLA Latin America 11.22
Expensive
Fair
Fair
 8.97 11.11 11.61
+2.06 σ
+0.06 σ
-0.27 σ
 +1.42% 09:30 AM
AFK Africa 10.19
Fair
Undervalued
Undervalued
 10.57 12.35 12.29
-0.41 σ
-1.28 σ
-1.45 σ
 -3.60% 09:30 AM
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: 26 June 2026