Highest P/E Ratio:
 United States: 28.07
Highest deviation vs 10Y Avg P/E:
Pacific: +6.50 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: 13 April 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 28.07
Expensive
Expensive
Expensive
 22.65 20.07 16.76
+2.15 σ
+2.81 σ
+3.90 σ
 +3.37% 13 Apr
VT All World 23.12
Expensive
Expensive
Expensive
 18.62 17.10 14.89
+2.29 σ
+3.07 σ
+4.07 σ
 +5.52% 13 Apr
VPL Pacific 21.15
Expensive
Expensive
Expensive
 14.40 14.45 14.27
+5.75 σ
+6.50 σ
+5.93 σ
 +13.67% 13 Apr
VGK Europe 21.07
Expensive
Expensive
Expensive
 14.24 13.94 12.63
+3.57 σ
+5.39 σ
+5.36 σ
 +7.08% 13 Apr
AAXJ Asia ex-Japan 17.00
Overvalued
Expensive
Expensive
 14.58 14.23 13.47
+1.80 σ
+2.30 σ
+2.69 σ
 +11.01% 13 Apr
FLLA Latin America 13.17
Expensive
Overvalued
Overvalued
 8.97 11.14 11.60
+3.85 σ
+1.05 σ
+1.10 σ
 +24.22% 13 Apr
AFK Africa 11.01
Fair
Fair
Fair
 10.63 12.43 12.31
+0.38 σ
-0.83 σ
-0.90 σ
 +11.38% 13 Apr
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: 13 April 2026