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: 26.88
Highest deviation vs 10Y Avg P/E:
Europe: +3.51 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 07 October 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 26.88
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.22 σ
+2.88 σ
+3.89 σ
 +11.03% 04:00 PM
VT All World 22.23
Expensive
Expensive
Expensive
 18.36 16.72 14.72
+2.28 σ
+3.09 σ
+4.10 σ
 +11.60% 04:00 PM
VGK Europe 17.82
Expensive
Expensive
Expensive
 14.04 13.77 12.54
+2.23 σ
+3.51 σ
+3.57 σ
 +9.52% 04:00 PM
AAXJ Asia ex-Japan 16.55
Overvalued
Expensive
Expensive
 14.56 13.96 13.36
+1.53 σ
+2.36 σ
+2.58 σ
 +17.48% 04:00 PM
VPL Pacific 16.53
Overvalued
Expensive
Expensive
 14.40 14.28 14.25
+1.82 σ
+2.53 σ
+2.01 σ
 +14.03% 04:00 PM
FLLA Latin America 9.89
Fair
Fair
Undervalued
 9.00 11.18 11.54
+0.77 σ
-0.67 σ
-1.13 σ
 +10.74% 03:59 PM
AFK Africa 6.72
Cheap
Cheap
Cheap
 10.75 12.56 12.30
-3.84 σ
-3.32 σ
-3.93 σ
 +29.57% 04:00 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: 07 October 2025