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:
Highest deviation vs 10Y Avg P/E:
Europe: +3.11 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 28 March 2025
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P/E Evaluation
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Historical P/E Average
|
P/E Deviation vs Avg
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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 | |||
|
|
VTI | United States | 25.04 |
Overvalued
|
Expensive
|
Expensive
|
21.56 | 18.96 | 16.24 |
+1.83 σ
|
+2.74 σ
|
+3.66 σ
|
-3.68% | 28 Mar |
| VT | All World | 20.55 |
Overvalued
|
Expensive
|
Expensive
|
17.99 | 16.38 | 14.54 |
+1.65 σ
|
+2.73 σ
|
+3.68 σ
|
-1.73% | 28 Mar | |
| VGK | Europe | 16.94 |
Overvalued
|
Expensive
|
Expensive
|
13.82 | 13.69 | 12.44 |
+1.91 σ
|
+3.11 σ
|
+3.27 σ
|
+4.19% | 28 Mar | |
| AAXJ | Asia ex-Japan | 14.80 |
Fair
|
Fair
|
Overvalued
|
14.53 | 13.79 | 13.25 |
+0.18 σ
|
+0.95 σ
|
+1.30 σ
|
+0.17% | 28 Mar | |
| VPL | Pacific | 13.49 |
Fair
|
Fair
|
Fair
|
14.50 | 14.32 | 14.25 |
-0.73 σ
|
-0.91 σ
|
-0.68 σ
|
-2.06% | 28 Mar | |
| FLLA | Latin America | 9.93 |
Fair
|
Fair
|
Undervalued
|
9.23 | 11.43 | 11.49 |
+0.46 σ
|
-0.74 σ
|
-1.02 σ
|
-0.21% | 28 Mar | |
| AFK | Africa | 7.89 |
Cheap
|
Cheap
|
Cheap
|
11.18 | 12.92 | 12.37 |
-2.56 σ
|
-2.96 σ
|
-3.32 σ
|
+7.50% | 28 Mar | |
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).
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: 28 March 2025