VO: Mid-Caps Are Overpriced And Its Not Close

  • Markets are dangerously overvalued, with the S&P 500 and mid-caps like VO trading at historically high multiples, increasing downside risk. VO offers strong diversification and profitability among its top holdings, but trades at a lofty 29.33x P/E ratio and a low 1.52% yield. Growth rates for VO's top holdings don't justify the high valuations, echoing conditions seen during the dot-com bubble.