Skip to content
Jun 04 2026
Market Internals

Valuations: Small Cap Vs. Large Cap

  • Jun 4, 2026

This is a three-year “low” for our Ratio of Ratios. There was a large disparity in May between the S&P 600 (+0.9%) and Russell 2000 (+4.3%), with the latter benefiting from the rally in money-losing firms. Those companies are excluded from this study, dampening the performance and P/E expansion of our Small Cap estimate.

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
June 2026 Issue

Green Book Publication Cover

Featured Articles

Sector Navigator
June 2026 Issue

Blue Book Publication Cover

Recent Tags
[ALL]

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