Valuation - Relative Forward P/E of Bottom S&P 500 ex. Top Decile Stocks vs. S&P 500

The bottom 450 stocks in the S&P 500 remain cheap relative to the top 50 stocks.

Image: BofA US Equity & Quant Strategy

Relative Forward P/E of Bottom S&P 500 ex. Top Decile Stocks vs. S&P 500