Small-Caps Valuation - S&P SmallCap 600 Index / S&P 500 Index - 12-Month Forward Price / Earnings Ratio

Relative valuations suggest that small-caps could outperform large-caps over the next decade.

Image: Morgan Stanley Research

S&P SmallCap 600 Index / S&P 500 Index - 12-Month Forward Price / Earnings Ratio