Highest P/E Ratio:
 United States: 25.82
Highest deviation vs 10Y Avg P/E:
Asia ex-Japan: +3.82 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: 18 May 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 25.82
Overvalued
Overvalued
Expensive
 22.71 20.15 16.80
+1.22 σ
+1.97 σ
+3.07 σ
 +8.40% 09:30 AM
VT All World 21.64
Overvalued
Expensive
Expensive
 18.66 17.16 14.91
+1.49 σ
+2.25 σ
+3.28 σ
 +8.35% 09:30 AM
AAXJ Asia ex-Japan 18.94
Expensive
Expensive
Expensive
 14.58 14.27 13.49
+3.26 σ
+3.82 σ
+4.12 σ
 +16.55% 09:30 AM
VPL Pacific 17.95
Expensive
Expensive
Expensive
 14.40 14.48 14.27
+3.01 σ
+3.30 σ
+3.17 σ
 +16.01% 09:30 AM
VGK Europe 17.24
Overvalued
Expensive
Expensive
 14.28 13.96 12.65
+1.51 σ
+2.42 σ
+2.88 σ
 +4.55% 09:30 AM
FLLA Latin America 11.78
Expensive
Fair
Fair
 8.97 11.13 11.61
+2.57 σ
+0.34 σ
+0.12 σ
 +9.44% 09:30 AM
AFK Africa 10.70
Fair
Fair
Undervalued
 10.59 12.39 12.29
+0.11 σ
-0.99 σ
-1.10 σ
 +4.64% 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: 18 May 2026