Highest P/E Ratio:
 United States: 24.58
Highest deviation vs 10Y Avg P/E:
Pacific: +3.49 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: 11 September 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 24.58
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.56 σ
+1.35 σ
+2.43 σ
 +6.81% 11 Sep
VT All World 21.41
Overvalued
Overvalued
Expensive
 18.97 17.41 15.06
+1.10 σ
+1.89 σ
+2.93 σ
 +6.69% 11 Sep
VPL Pacific 18.63
Expensive
Expensive
Expensive
 14.56 14.61 14.30
+2.85 σ
+3.49 σ
+3.59 σ
 +12.11% 11 Sep
VGK Europe 17.16
Overvalued
Expensive
Expensive
 14.56 14.09 12.73
+1.19 σ
+2.08 σ
+2.67 σ
 +3.30% 11 Sep
AAXJ Asia ex-Japan 14.90
Fair
Fair
Fair
 14.69 14.44 13.57
+0.14 σ
+0.35 σ
+0.96 σ
 +10.34% 11 Sep
FLLA Latin America 10.76
Overvalued
Fair
Fair
 9.01 11.04 11.64
+1.51 σ
-0.15 σ
-0.62 σ
 +3.84% 11 Sep
AFK Africa 10.28
Fair
Undervalued
Undervalued
 10.48 12.22 12.28
-0.24 σ
-1.18 σ
-1.37 σ
 +6.50% 11 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: 11 September 2026