Highest P/E Ratio:
 United States: 24.53
Highest deviation vs 10Y Avg P/E:
Pacific: +3.18 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 September 2026
Swipe left to see all data
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 24.53
Fair
Overvalued
Expensive
 23.07 20.51 17.01
+0.54 σ
+1.33 σ
+2.41 σ
 +6.25% 18 Sep
VT All World 21.22
Overvalued
Overvalued
Expensive
 18.97 17.41 15.06
+1.02 σ
+1.80 σ
+2.84 σ
 +5.43% 18 Sep
VPL Pacific 18.28
Expensive
Expensive
Expensive
 14.56 14.61 14.30
+2.61 σ
+3.18 σ
+3.30 σ
 +9.35% 18 Sep
VGK Europe 16.81
Overvalued
Overvalued
Expensive
 14.56 14.09 12.73
+1.03 σ
+1.84 σ
+2.47 σ
 +0.98% 18 Sep
AAXJ Asia ex-Japan 14.72
Fair
Fair
Fair
 14.69 14.44 13.57
+0.02 σ
+0.22 σ
+0.83 σ
 +8.44% 18 Sep
FLLA Latin America 10.55
Overvalued
Fair
Fair
 9.01 11.04 11.64
+1.33 σ
-0.27 σ
-0.77 σ
 +1.51% 18 Sep
AFK Africa 10.28
Fair
Undervalued
Undervalued
 10.48 12.22 12.28
-0.25 σ
-1.18 σ
-1.37 σ
 +6.05% 18 Sep
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 September 2026