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Jan 06 2024

Small Cap vs Mid Cap vs Large Cap

  • Jan 6, 2024

Our preferred earnings measure, five-year normalized EPS, has grown from $145 to $171 over the last two years. The S&P 500’s Normalized P/E multiple has dipped from 32.9x to 27.9x since the end of 2021. Those two figures are good for the 94th and 81st percentiles, respectively, in our 1995-present data set.


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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager