Skip to content
Apr 08 2026
Market Internals

Valuations: Small Cap Vs. Large Cap

  • Apr 8, 2026

March’s downdraft shaved a point off of our median Small Cap P/E multiple and about a point-and-a-half off the Large Cap measure. The Ratio of Ratios thus moved a tick closer to its long-term average but remains in the tight range of contemporary results.

Login

For full access, please enter your credentials.

About The Author

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

Phil Segner Sr. Research Analyst & Co-Portfolio Manager

Phil is a Co-Portfolio Manager and Sr. Research Analyst at The Leuthold Group, LLC. He is a member of the asset allocation and investment committees and is a major contributor to the firm's research publications.

Perception for the Professional
April 2026 Issue

Green Book Publication Cover

Featured Articles

Sector Navigator
April 2026 Issue

Blue Book Publication Cover

Recent Tags
[ALL]

Iran War (1) Gold (85) War (1) Oil (49) Energy (91) Factors (94) Momentum (186) Small Caps (190) Inflation (587) GDP (46) Trump (2) Time Cycles (7) Banks (18) Germany (5) China (46) Dreams and Nightmares (6) Debt (14) Bank Lending (2) Recession (71) Capex (20)