Russell 2000 Valuation Dashboard
Is the Russell 2000 expensive? Live P/E ratios, earnings yield, sector breakdown, and the cheapest & most expensive stocks across every major US index.
Russell 2000 is trading at 24.2x earnings, aligned with historical norms.
The market is efficiently priced according to historical data, offering a balanced, baseline risk/reward profile.
Updated Oct 21, 2026Russell 2000 is near its 10-year average
At 24.2x trailing P/E, the index is close to its 10-year average of ~25x but above the long-term average of 22x. It's less expensive than before, not cheap.
Are Earnings Growing Into the Valuation?
Valuations can fall in two ways: stock prices drop, or corporate earnings grow. If index earnings grow as projected, this expensive trailing P/E of 24.2x naturally shrinks to a more reasonable forward P/E of 20.0x without requiring a market correction.
Stocks vs Bonds — Is It Worth the Risk?
Stocks are riskier than bonds, so they should offer a higher yield to compensate investors. With the Russell 2000 earnings yield at 4.1% compared to a safe 10Y Treasury bond yield of 4.3%, safe bonds currently offer better risk-free yield than stocks.
Secondary cash return (dividends + buybacks): 3.76%
How Do Indices Compare?
| Index | P/E | Fwd P/E | P/B | EV/EBITDA | Earn. Yield | Div. Yield | Median P/E | Mkt Cap | Stocks |
|---|---|---|---|---|---|---|---|---|---|
| S&P 500 | 31.5 | 21.4 | 5.85 | 20.6 | 3.2% | 0.97% | 26.5 | $73.8T | 502 |
| Nasdaq 100 | 39.2 | 23.1 | 10.72 | 27.2 | 2.5% | 0.41% | 34.2 | $42.7T | 100 |
| Dow 30 | 33.1 | 24.6 | 9.49 | 23.7 | 3.0% | 0.75% | 29.4 | $25.7T | 30 |
| Russell 1000 | 34.1 | 14.5 | 6.19 | 22.9 | 2.9% | 0.70% | 25.1 | $60.6T | 991 |
| Russell 2000 | 24.2 | 20.0 | 2.24 | 13.5 | 4.1% | 1.54% | 17.6 | $3.8T | 1937 |
Which Sectors Are Cheap vs Expensive?
| Sector | P/E | Fwd P/E | EV/EBITDA | Div Yield | Weight | Stocks |
|---|---|---|---|---|---|---|
| Financial Services | 24.4 | 19.5 | 15.5 | 1.34% | 31.3% | 361 |
| Technology | 41.6 | 19.4 | 19.4 | 0.85% | 15.2% | 269 |
| Healthcare | 74.3 | 38.3 | 28.2 | 0.14% | 15.0% | 456 |
| Communication Services | 10.2 | 23.0 | 6.7 | 2.48% | 11.6% | 84 |
| Industrials | 31.8 | 19.2 | 14.1 | 1.12% | 7.3% | 221 |
| Consumer Cyclical | 24.6 | 12.7 | 12.4 | 1.06% | 5.5% | 187 |
| Real Estate | 18.3 | 18.7 | 18.1 | 6.76% | 4.0% | 122 |
| Utilities | 19.7 | 15.4 | 11.9 | 3.86% | 3.9% | 24 |
| Energy | 18.2 | 12.8 | 9.3 | 2.67% | 3.2% | 74 |
| Consumer Defensive | 21.1 | 13.9 | 10.8 | 1.09% | 1.7% | 77 |
| Basic Materials | 60.4 | 24.0 | 13.9 | 1.18% | 1.3% | 62 |
Cheapest & Most Expensive in Russell 2000
10 Most Discounted (Lowest P/E)
| # | Ticker | Company | Sector | P/E | Fwd P/E |
|---|---|---|---|---|---|
| 1 | LGCL | Lucas GC Limited Ordinary Shares | Technology | 0.0 | — |
| 2 | XNET | Xunlei Limited | Communication Services | 0.0 | — |
| 3 | TKLF | Tokyo Lifestyle Co., Ltd. | Consumer Defensive | 0.1 | — |
| 4 | TWG | Top Wealth Group Holding Limited Ordinary Shares | Consumer Defensive | 0.1 | — |
| 5 | UCL | uCloudlink Group Inc. | Communication Services | 0.1 | 21.4 |
| 6 | XYF | X Financial | Financial Services | 0.2 | 0.3 |
| 7 | CLSKW | CleanSpark, Inc. | Financial Services | 0.2 | — |
| 8 | MHUA | Meihua International Medical Technologies Co., Ltd. | Healthcare | 0.2 | — |
| 9 | SAFX | XCF Global, Inc. Class A Common Stock | Energy | 0.3 | — |
| 10 | AREN | The Arena Group Holdings, Inc. | Communication Services | 0.4 | 1.7 |
10 Most Elevated (Highest P/E)
| # | Ticker | Company | Sector | P/E | Fwd P/E |
|---|---|---|---|---|---|
| 1 | CTO | CTO Realty Growth, Inc. | Real Estate | 245.1 | 21.0 |
| 2 | GYRE | Gyre Therapeutics, Inc. | Healthcare | 262.2 | — |
| 3 | ROKU | Roku, Inc. | Communication Services | 267.4 | 53.9 |
| 4 | FBYD | Falcon's Beyond Global, Inc. Class A Common Stock | Industrials | 287.1 | — |
| 5 | SHO | Sunstone Hotel Investors, Inc. | Real Estate | 298.1 | 47.0 |
| 6 | ACR | ACRES Commercial Realty Corp. | Real Estate | 325.5 | 33.5 |
| 7 | VERX | Vertex, Inc. | Technology | 366.8 | 17.9 |
| 8 | IBTA | Ibotta, Inc. | Technology | 408.2 | — |
| 9 | ESOA | Energy Services of America Corporation | Industrials | 411.0 | 16.5 |
| 10 | NCNO | nCino, Inc. | Technology | 440.0 | 24.3 |
Data as of 2026-10-21 · Updated daily after market close · Source: computed from individual company financials
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