Highest P/E Ratio:
 United States: 29.03
Highest deviation vs 10Y Avg P/E:
Pacific: +6.86 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: 20 April 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 29.03
Expensive
Expensive
Expensive
 22.65 20.07 16.76
+2.53 σ
+3.15 σ
+4.23 σ
 +6.55% 09:30 AM
VT All World 23.76
Expensive
Expensive
Expensive
 18.62 17.10 14.89
+2.62 σ
+3.40 σ
+4.39 σ
 +8.05% 09:30 AM
VPL Pacific 21.53
Expensive
Expensive
Expensive
 14.40 14.45 14.27
+6.07 σ
+6.86 σ
+6.25 σ
 +14.92% 09:30 AM
VGK Europe 21.36
Expensive
Expensive
Expensive
 14.24 13.94 12.63
+3.72 σ
+5.60 σ
+5.54 σ
 +8.18% 09:30 AM
AAXJ Asia ex-Japan 17.67
Expensive
Expensive
Expensive
 14.58 14.23 13.47
+2.30 σ
+2.86 σ
+3.21 σ
 +14.68% 09:30 AM
FLLA Latin America 13.19
Expensive
Overvalued
Overvalued
 8.97 11.14 11.60
+3.86 σ
+1.06 σ
+1.11 σ
 +23.24% 09:30 AM
AFK Africa 11.42
Fair
Fair
Fair
 10.63 12.43 12.31
+0.79 σ
-0.59 σ
-0.62 σ
 +14.58% 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: 20 April 2026