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: 27.93
Highest deviation vs 10Y Avg P/E:
Europe: +4.06 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 15 December 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 27.93
Expensive
Expensive
Expensive
 22.34 19.68 16.58
+2.47 σ
+3.10 σ
+4.14 σ
 +10.65% 09:58 AM
VT All World 23.32
Expensive
Expensive
Expensive
 18.46 16.84 14.78
+2.72 σ
+3.51 σ
+4.51 σ
 +10.43% 09:58 AM
VGK Europe 18.71
Expensive
Expensive
Expensive
 14.11 13.82 12.57
+2.60 σ
+4.06 σ
+4.06 σ
 +8.99% 09:58 AM
VPL Pacific 17.88
Expensive
Expensive
Expensive
 14.40 14.32 14.27
+2.96 σ
+3.78 σ
+3.13 σ
 +12.75% 09:58 AM
AAXJ Asia ex-Japan 16.69
Overvalued
Expensive
Expensive
 14.59 14.05 13.40
+1.55 σ
+2.33 σ
+2.62 σ
 +10.37% 10:00 AM
AFK Africa 12.21
Overvalued
Fair
Fair
 10.64 12.47 12.29
+1.57 σ
-0.15 σ
-0.05 σ
 +23.49% 09:46 AM
FLLA Latin America 11.10
Overvalued
Fair
Fair
 8.98 11.14 11.56
+1.91 σ
-0.02 σ
-0.31 σ
 +17.33% 09:56 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: 15 December 2025