Highest P/E Ratio:
 United States: 24.32
Highest deviation vs 10Y Avg P/E:
Europe: +2.02 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: 09 October 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 24.32
Fair
Overvalued
Expensive
 23.12 20.58 17.06
+0.45 σ
+1.24 σ
+2.31 σ
 +7.12% 09 Oct
VT All World 20.57
Fair
Overvalued
Expensive
 19.01 17.46 15.09
+0.70 σ
+1.46 σ
+2.49 σ
 +5.32% 09 Oct
VGK Europe 17.17
Overvalued
Expensive
Expensive
 14.63 14.12 12.76
+1.15 σ
+2.02 σ
+2.65 σ
 -1.91% 09 Oct
AAXJ Asia ex-Japan 15.26
Fair
Fair
Overvalued
 14.68 14.45 13.58
+0.39 σ
+0.62 σ
+1.21 σ
 +5.88% 09 Oct
VPL Pacific 14.92
Fair
Fair
Fair
 14.55 14.62 14.30
+0.26 σ
+0.26 σ
+0.51 σ
 +6.93% 09 Oct
AFK Africa 11.87
Overvalued
Fair
Fair
 10.44 12.16 12.26
+1.76 σ
-0.18 σ
-0.27 σ
 -2.23% 09 Oct
FLLA Latin America 10.72
Overvalued
Fair
Fair
 9.02 11.01 11.64
+1.46 σ
-0.15 σ
-0.65 σ
 +9.22% 09 Oct
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: 09 October 2026