Value Style
Jun
18
2021
Price to Book: Obsolete, Or Just Misunderstood?
The Value style has broadly underperformed for more than ten years, and the blame for this dismal decade has often been placed squarely on the Price to Book metric. Could it be that Price to Book’s sullied reputation is undeserved?
Feb
24
2020
The King Is Dead: A Global Chartbook
Last year we published a report titled Price to Book: The King is Dead (available on the Leuthold Research website) with the objective to better understand the decade-long struggle of the value style. Our findings showed that indexes based on the Price to Book ratio have indeed lagged since 2007 but that other measures of value performed significantly better until just recently.