Highest P/E Ratio:
 United States: 27.14
Highest deviation vs 10Y Avg P/E:
Pacific: +4.61 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: 09 February 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 27.14
Overvalued
Expensive
Expensive
 22.49 19.87 16.67
+1.95 σ
+2.63 σ
+3.72 σ
 +7.75% 01:00 PM
VT All World 22.76
Expensive
Expensive
Expensive
 18.52 16.97 14.83
+2.28 σ
+3.04 σ
+4.05 σ
 +9.86% 12:59 PM
VGK Europe 19.07
Expensive
Expensive
Expensive
 14.16 13.87 12.60
+2.70 σ
+4.11 σ
+4.19 σ
 +12.03% 01:00 PM
VPL Pacific 18.93
Expensive
Expensive
Expensive
 14.40 14.37 14.27
+3.86 σ
+4.61 σ
+4.02 σ
 +19.12% 12:59 PM
AAXJ Asia ex-Japan 18.34
Expensive
Expensive
Expensive
 14.58 14.14 13.44
+2.80 σ
+3.59 σ
+3.84 σ
 +15.97% 12:59 PM
AFK Africa 13.65
Expensive
Fair
Fair
 10.63 12.45 12.30
+3.03 σ
+0.70 σ
+0.95 σ
 +23.47% 12:59 PM
FLLA Latin America 12.55
Expensive
Fair
Fair
 8.97 11.14 11.57
+3.28 σ
+0.73 σ
+0.69 σ
 +25.18% 12:55 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: 09 February 2026