Highest P/E Ratio:
 United States: 27.28
Highest deviation vs 10Y Avg P/E:
Pacific: +4.45 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: 07 August 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 27.28
Overvalued
Expensive
Expensive
 23.01 20.44 16.95
+1.59 σ
+2.28 σ
+3.36 σ
 +10.14% 07 Aug
VT All World 23.33
Expensive
Expensive
Expensive
 18.90 17.35 15.02
+2.03 σ
+2.87 σ
+3.89 σ
 +9.48% 07 Aug
VPL Pacific 19.59
Expensive
Expensive
Expensive
 14.50 14.59 14.30
+3.81 σ
+4.45 σ
+4.44 σ
 +11.12% 07 Aug
AAXJ Asia ex-Japan 19.15
Expensive
Expensive
Expensive
 14.64 14.40 13.55
+3.15 σ
+3.68 σ
+4.08 σ
 +9.23% 07 Aug
VGK Europe 19.03
Expensive
Expensive
Expensive
 14.48 14.06 12.71
+2.12 σ
+3.45 σ
+3.86 σ
 +7.94% 07 Aug
AFK Africa 11.93
Overvalued
Fair
Fair
 10.50 12.26 12.28
+1.66 σ
-0.20 σ
-0.24 σ
 +6.72% 07 Aug
FLLA Latin America 11.71
Expensive
Fair
Fair
 8.99 11.07 11.63
+2.44 σ
+0.34 σ
+0.06 σ
 +1.69% 07 Aug
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: 07 August 2026