Highest P/E Ratio:
 United States: 22.85
Highest deviation vs 10Y Avg P/E:
Europe: +2.09 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: 06 November 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 22.85
Fair
Fair
Overvalued
 23.16 20.65 17.10
-0.12 σ
+0.73 σ
+1.81 σ
 +0.59% 09:30 AM
VT All World 19.49
Fair
Fair
Overvalued
 19.05 17.51 15.12
+0.20 σ
+0.93 σ
+1.96 σ
 -0.82% 09:30 AM
VGK Europe 17.39
Overvalued
Expensive
Expensive
 14.72 14.16 12.78
+1.19 σ
+2.09 σ
+2.73 σ
 -0.56% 09:30 AM
AAXJ Asia ex-Japan 13.50
Fair
Fair
Fair
 14.66 14.45 13.58
-0.77 σ
-0.73 σ
-0.06 σ
 -7.32% 09:30 AM
VPL Pacific 13.36
Fair
Undervalued
Fair
 14.54 14.62 14.29
-0.82 σ
-1.08 σ
-0.78 σ
 -5.80% 09:30 AM
AFK Africa 11.70
Overvalued
Fair
Fair
 10.42 12.13 12.26
+1.61 σ
-0.26 σ
-0.38 σ
 -3.22% 09:30 AM
FLLA Latin America 9.41
Fair
Fair
Undervalued
 9.01 10.96 11.63
+0.35 σ
-0.85 σ
-1.56 σ
 -8.36% 09:30 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: 06 November 2026