is one of the most widely used statistics in population genetics. Recent mathematical studies have identified constraints that challenge interpretations of as a measure with potential to range from 0 for genetically similar populations to 1 for divergent populations. We generalize results obtained for population pairs to arbitrarily many populations, characterizing the mathematical relationship between the frequency M of the more frequent allele at a polymorphic biallelic marker, and the number of subpopulations K. We show that for fixed K, has a peculiar constraint as a function of M, with a maximum of 1 only if for integers i with For fixed M, as K grows large, the range of becomes the closed or half-open unit interval. For fixed K, however, some always exists at which the upper bound on lies below We use coalescent simulations to show that under weak migration, depends strongly on M when K is small, but not when K is large. Finally, examining data on human genetic variation, we use our results to explain the generally smaller values between pairs of continents relative to global values. We discuss implications for the interpretation and use of