Skip to content
Sep 04 2026
Market Internals

Valuations: Small Cap Vs. Large Cap

  • Sep 4, 2026

This matches last month’s “narrowest” reading of the past year. Our Ratio of Ratio’s small-cap discount hasn’t been above today’s level in five years. On top of that, this vignette hasn’t been at its long-term average (Small Cap/Large Cap P/E parity) in eight years.

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
September 2026 Issue

Green Book Publication Cover

Featured Articles

Sector Navigator
September 2026 Issue

Blue Book Publication Cover

Recent Tags
[ALL]

Real Yield (1) Inflation (588) Fed Policy (175) Interest Rates (259) Credit (13) AI (1) Recession (72) Contagion (1) Iran War (1) Oil (49) Gold (85) War (1) Energy (91) Factors (94) Momentum (186) Small Caps (190) GDP (46) Trump (2) Time Cycles (7) China (46)