Highest P/E Ratio:
 United States: 27.10
Highest deviation vs 10Y Avg P/E:
Pacific: +4.09 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: 29 January 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 27.10
Expensive
Expensive
Expensive
 22.42 19.77 16.63
+2.01 σ
+2.71 σ
+3.77 σ
 +8.53% 29 Jan
VT All World 22.63
Expensive
Expensive
Expensive
 18.49 16.90 14.80
+2.27 σ
+3.05 σ
+4.06 σ
 +10.21% 29 Jan
VGK Europe 18.86
Expensive
Expensive
Expensive
 14.13 13.84 12.59
+2.63 σ
+4.07 σ
+4.10 σ
 +11.65% 29 Jan
VPL Pacific 18.30
Expensive
Expensive
Expensive
 14.40 14.35 14.27
+3.32 σ
+4.09 σ
+3.48 σ
 +16.43% 29 Jan
AAXJ Asia ex-Japan 17.94
Expensive
Expensive
Expensive
 14.58 14.09 13.42
+2.50 σ
+3.34 σ
+3.57 σ
 +17.10% 29 Jan
AFK Africa 14.26
Expensive
Overvalued
Overvalued
 10.63 12.45 12.29
+3.65 σ
+1.05 σ
+1.38 σ
 +32.04% 29 Jan
FLLA Latin America 12.75
Expensive
Fair
Fair
 8.97 11.13 11.56
+3.46 σ
+0.84 σ
+0.83 σ
 +25.90% 29 Jan
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: 29 January 2026