Highest P/E Ratio:
 United States: 25.40
Highest deviation vs 10Y Avg P/E:
Asia ex-Japan: +2.24 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 March 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 25.40
Overvalued
Overvalued
Expensive
 22.55 19.97 16.71
+1.16 σ
+1.94 σ
+3.04 σ
 -1.59% 20 Mar
VT All World 21.04
Overvalued
Expensive
Expensive
 18.56 17.03 14.86
+1.31 σ
+2.07 σ
+3.11 σ
 -1.01% 20 Mar
AAXJ Asia ex-Japan 16.85
Overvalued
Expensive
Expensive
 14.58 14.18 13.46
+1.69 σ
+2.24 σ
+2.63 σ
 +4.07% 20 Mar
VGK Europe 16.54
Overvalued
Expensive
Expensive
 14.19 13.91 12.62
+1.26 σ
+2.03 σ
+2.51 σ
 -2.71% 20 Mar
VPL Pacific 16.14
Overvalued
Overvalued
Overvalued
 14.40 14.41 14.27
+1.48 σ
+1.71 σ
+1.61 σ
 +5.56% 20 Mar
FLLA Latin America 13.22
Expensive
Overvalued
Overvalued
 8.97 11.13 11.58
+3.89 σ
+1.08 σ
+1.14 σ
 +8.53% 20 Mar
AFK Africa 12.75
Expensive
Fair
Fair
 10.63 12.45 12.30
+2.13 σ
+0.17 σ
+0.31 σ
 +0.93% 20 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). 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 March 2026