Our Ratio of Ratios is unchanged from last month, as both Large- and Small-Cap indices posted similar results in March. If earnings remain the same, Large and Small Caps, alike, would need to rise another 10% to match the contemporary, absolute P/E peak set at the end of 2021.
Apr
05
2024
Small Cap vs Mid Cap vs Large Cap
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![Phil Segner / Sr. Research Analyst & Co-Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_3189_LR_Phil.jpg?h=150&w=150&fit=crop&fp-y=.15)