Highest P/E Ratio:
 United States: 24.10
Highest deviation vs 10Y Avg P/E:
Europe: +2.38 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: 23 September 2026
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 24.10
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.38 σ
+1.19 σ
+2.27 σ
 +7.42% 09:30 AM
VT All World 20.55
Fair
Overvalued
Expensive
 18.97 17.41 15.06
+0.71 σ
+1.48 σ
+2.53 σ
 +6.31% 09:30 AM
VGK Europe 17.60
Overvalued
Expensive
Expensive
 14.56 14.09 12.73
+1.40 σ
+2.38 σ
+2.95 σ
 +1.15% 09:30 AM
VPL Pacific 15.21
Fair
Fair
Fair
 14.56 14.61 14.30
+0.46 σ
+0.52 σ
+0.75 σ
 +10.15% 09:30 AM
AAXJ Asia ex-Japan 14.93
Fair
Fair
Fair
 14.69 14.44 13.57
+0.15 σ
+0.37 σ
+0.98 σ
 +10.15% 09:30 AM
FLLA Latin America 10.57
Overvalued
Fair
Fair
 9.01 11.04 11.64
+1.34 σ
-0.26 σ
-0.76 σ
 +2.03% 09:30 AM
AFK Africa 10.16
Fair
Undervalued
Undervalued
 10.48 12.22 12.28
-0.38 σ
-1.25 σ
-1.45 σ
 +5.21% 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: 23 September 2026