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: 27.78
Highest deviation vs 10Y Avg P/E:
Europe: +3.29 σ
CONTINENTS P/E RATIO
Markets grouped geographically
Last Update: 31 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 27.78
Expensive
Expensive
Expensive
 22.16 19.50 16.50
+2.64 σ
+3.23 σ
+4.23 σ
 +11.67% 04:00 PM
VT All World 22.46
Expensive
Expensive
Expensive
 18.36 16.72 14.72
+2.41 σ
+3.22 σ
+4.22 σ
 +11.40% 04:00 PM
VGK Europe 17.57
Expensive
Expensive
Expensive
 14.04 13.77 12.54
+2.09 σ
+3.29 σ
+3.40 σ
 +7.04% 04:00 PM
AAXJ Asia ex-Japan 16.87
Overvalued
Expensive
Expensive
 14.56 13.96 13.36
+1.78 σ
+2.66 σ
+2.84 σ
 +16.93% 04:00 PM
VPL Pacific 16.81
Expensive
Expensive
Expensive
 14.40 14.28 14.25
+2.05 σ
+2.83 σ
+2.25 σ
 +14.49% 04:00 PM
FLLA Latin America 11.04
Overvalued
Fair
Fair
 9.00 11.18 11.54
+1.77 σ
-0.08 σ
-0.34 σ
 +12.82% 03:45 PM
AFK Africa 6.51
Cheap
Cheap
Cheap
 10.75 12.56 12.30
-4.04 σ
-3.45 σ
-4.08 σ
 +20.61% 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: 31 October 2025