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.

Highest P/E Ratio:
 United States: 26.85
Highest deviation vs 10Y Avg P/E:
Europe: +3.57 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 02 October 2025
Swipe left to see all data
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 26.85
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.20 σ
+2.87 σ
+3.88 σ
 +11.09% 01:00 PM
VT All World 22.19
Expensive
Expensive
Expensive
 18.36 16.72 14.72
+2.26 σ
+3.07 σ
+4.08 σ
 +11.66% 01:00 PM
VGK Europe 17.89
Expensive
Expensive
Expensive
 14.04 13.77 12.54
+2.27 σ
+3.57 σ
+3.61 σ
 +10.26% 01:00 PM
VPL Pacific 16.37
Overvalued
Expensive
Overvalued
 14.40 14.28 14.25
+1.68 σ
+2.34 σ
+1.86 σ
 +13.22% 01:00 PM
AAXJ Asia ex-Japan 15.97
Overvalued
Overvalued
Expensive
 14.56 13.96 13.36
+1.09 σ
+1.83 σ
+2.11 σ
 +17.71% 12:56 PM
AFK Africa 10.96
Fair
Fair
Fair
 10.75 12.56 12.30
+0.20 σ
-0.91 σ
-0.95 σ
 +27.12% 12:46 PM
FLLA Latin America 10.04
Fair
Fair
Undervalued
 9.00 11.18 11.54
+0.90 σ
-0.59 σ
-1.03 σ
 +12.72% 12:29 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: 02 October 2025