As shown in Chart 1, the relative one-year-forward Price/Earnings (P/E) multiple of the S&P 600 Small Cap index is near the lowest level ever recorded since it was first introduced in October 1994. It is now as low as it was at the height of the dot-com mania when everything outside of tech stocks underperformed.
Dec
03
2021
A Small-Cap Dot-Com Valuation Replay?
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