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: 26.87
Highest deviation vs 10Y Avg P/E:
Europe: +3.55 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 12 August 2025
Swipe left to see all data
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 26.87
Expensive
Expensive
Expensive
 22.05 19.32 16.42
+2.42 σ
+3.07 σ
+4.03 σ
 +8.28% 01:00 PM
VT All World 21.95
Expensive
Expensive
Expensive
 18.31 16.59 14.66
+2.23 σ
+3.13 σ
+4.12 σ
 +9.42% 01:00 PM
VGK Europe 17.66
Expensive
Expensive
Expensive
 14.00 13.73 12.51
+2.23 σ
+3.55 σ
+3.55 σ
 +9.73% 01:00 PM
VPL Pacific 15.75
Overvalued
Overvalued
Overvalued
 14.44 14.24 14.24
+1.07 σ
+1.75 σ
+1.35 σ
 +14.17% 01:00 PM
AAXJ Asia ex-Japan 15.62
Fair
Overvalued
Overvalued
 14.60 13.89 13.33
+0.76 σ
+1.59 σ
+1.89 σ
 +12.23% 12:56 PM
FLLA Latin America 10.42
Overvalued
Fair
Fair
 9.07 11.23 11.52
+1.07 σ
-0.42 σ
-0.74 σ
 +11.30% 12:27 PM
AFK Africa 10.07
Fair
Undervalued
Undervalued
 10.86 12.63 12.32
-0.68 σ
-1.47 σ
-1.60 σ
 +22.78% 12:41 PM
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: 12 August 2025