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Apr 03 2025

Valuations: Small Cap Vs. Large Cap

  • Apr 3, 2025

Up markets or down markets, Small Caps have chronically underperformed Large Caps over the past three years. Why hasn’t the Ratio of Ratios continued to move farther south instead of sideways? Despite the relative weakness in the “P” for Small Caps, the shrinking “E” means the P/E ratio stays elevated.

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About The Author

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