Skip to content

Value Style

Jun 18 2021

Price to Book: Obsolete, Or Just Misunderstood?

  • Jun 18, 2021

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

  • Feb 24, 2020

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.