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.

Highest P/E Ratio:
United States: 26.14
Highest deviation vs 10Y Avg P/E:
All World: +2.68 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 04 September 2025
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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 26.14
Overvalued
Expensive
Expensive
22.11 19.40 16.46
+1.95 σ
+2.68 σ
+3.68 σ
+8.29% 10:00 AM
VT All World 21.35
Overvalued
Expensive
Expensive
18.33 16.65 14.69
+1.81 σ
+2.68 σ
+3.69 σ
+8.94% 10:00 AM
VGK Europe 16.65
Overvalued
Expensive
Expensive
14.02 13.75 12.52
+1.58 σ
+2.56 σ
+2.81 σ
+8.50% 10:00 AM
AAXJ Asia ex-Japan 15.56
Fair
Overvalued
Overvalued
14.58 13.92 13.35
+0.75 σ
+1.50 σ
+1.81 σ
+10.69% 10:00 AM
VPL Pacific 15.14
Fair
Overvalued
Fair
14.40 14.25 14.25
+0.62 σ
+1.02 σ
+0.79 σ
+11.97% 10:00 AM
AFK Africa 10.41
Fair
Undervalued
Undervalued
10.79 12.59 12.31
-0.35 σ
-1.24 σ
-1.34 σ
+23.85% 09:58 AM
FLLA Latin America 9.90
Fair
Fair
Undervalued
9.03 11.20 11.53
+0.73 σ
-0.67 σ
-1.11 σ
+10.98% 09:41 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: 04 September 2025