Highest P/E Ratio:
 United States: 26.05
Highest deviation vs 10Y Avg P/E:
Pacific: +3.85 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 May 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 26.05
Overvalued
Expensive
Expensive
 22.71 20.15 16.80
+1.31 σ
+2.05 σ
+3.14 σ
 +9.63% 13 May
VT All World 21.94
Overvalued
Expensive
Expensive
 18.66 17.16 14.91
+1.64 σ
+2.40 σ
+3.42 σ
 +10.12% 13 May
VPL Pacific 18.53
Expensive
Expensive
Expensive
 14.40 14.48 14.27
+3.50 σ
+3.85 σ
+3.67 σ
 +20.34% 13 May
VGK Europe 17.39
Overvalued
Expensive
Expensive
 14.28 13.96 12.65
+1.59 σ
+2.53 σ
+2.98 σ
 +5.68% 13 May
AAXJ Asia ex-Japan 17.21
Overvalued
Expensive
Expensive
 14.58 14.27 13.49
+1.96 σ
+2.40 σ
+2.81 σ
 +21.56% 13 May
FLLA Latin America 11.91
Expensive
Fair
Fair
 8.97 11.13 11.61
+2.69 σ
+0.41 σ
+0.21 σ
 +11.15% 13 May
AFK Africa 11.22
Fair
Fair
Fair
 10.59 12.39 12.29
+0.66 σ
-0.69 σ
-0.74 σ
 +10.10% 13 May
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 May 2026