Stats › Long run returns › Value vs growth
Value beat growth by 4.0% a year, and by 15% in winning years
The 4.0% long run figure is an average across all years including the many where value lost. In the years it won, the margin averaged nearly 15%. Source: Dimensional, 1927 to 2025.
The value premium is the tendency of cheap US stocks to beat expensive ones. Since 1927 it has averaged about four percent a year, and nearly fifteen in the years it won. The average is built from bursts, so long droughts are normal.
about 4.0%Value premium, annualised
nearly 15%Margin in winning years
1927 to 2025Period covered
US onlyMarket
Members only
The rest of this page is for members
Below this point there are 5 sections and 1 named source, roughly 600 words of it. Every figure carries the source it came from and the date the data is from.
You can keep browsing every statistic in the library for free. The intro and the summary are always open.