Highest P/E Ratio:
 United States: 26.83
Highest deviation vs 10Y Avg P/E:
Pacific: +5.32 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: 02 April 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 26.83
Overvalued
Expensive
Expensive
 22.65 20.07 16.76
+1.66 σ
+2.38 σ
+3.48 σ
 -0.85% 02 Apr
VT All World 23.04
Expensive
Expensive
Expensive
 18.62 17.10 14.89
+2.25 σ
+3.03 σ
+4.04 σ
 +0.85% 02 Apr
VGK Europe 20.01
Expensive
Expensive
Expensive
 14.24 13.94 12.63
+3.01 σ
+4.58 σ
+4.68 σ
 +2.06% 02 Apr
VPL Pacific 19.93
Expensive
Expensive
Expensive
 14.40 14.45 14.27
+4.71 σ
+5.32 σ
+4.87 σ
 +7.90% 02 Apr
AAXJ Asia ex-Japan 16.92
Overvalued
Expensive
Expensive
 14.58 14.23 13.47
+1.74 σ
+2.24 σ
+2.63 σ
 +3.84% 02 Apr
FLLA Latin America 14.42
Expensive
Overvalued
Overvalued
 8.97 11.14 11.60
+4.99 σ
+1.69 σ
+1.96 σ
 +17.19% 02 Apr
AFK Africa 13.45
Expensive
Fair
Fair
 10.63 12.43 12.31
+2.83 σ
+0.59 σ
+0.79 σ
 +5.44% 02 Apr
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: 02 April 2026