--- title: "StepStone Group (STEP) Joins Russell Value Indexes, Is The Stock Already Fully Valued?" type: "News" locale: "en" url: "https://longbridge.com/en/news/291382673.md" description: "StepStone Group (STEP) joined Russell Value indexes, yet its stock has declined significantly year-to-date. Analysis highlights a Price-to-Sales ratio of 1.7x, which is below industry averages but above the estimated fair value of 0.8x. Recent revenue declines and net losses challenge current valuation confidence, prompting investors to assess whether the recent slide represents a buying opportunity or if growth is already priced in." datetime: "2026-07-01T07:51:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291382673.md) - [en](https://longbridge.com/en/news/291382673.md) - [zh-HK](https://longbridge.com/zh-HK/news/291382673.md) --- # StepStone Group (STEP) Joins Russell Value Indexes, Is The Stock Already Fully Valued? StepStone Group (STEP) has been added to several Russell value indexes, a move that can influence how index funds and institutional investors view the stock. At the same time, its SPI Deal Benchmarking launch with PitchBook is attracting fresh attention. See our latest analysis for StepStone Group. Despite the index additions and the SPI Deal Benchmarking rollout, StepStone Group’s 1-month share price return declined 16.1% and its year-to-date share price return is down 37.9%, while the 3-year total shareholder return of 82.5% points to a very different long-term picture. If recent index moves have you thinking about where else capital could flow, this is a good moment to broaden your search with 20 top founder-led companies With StepStone Group’s share price down sharply this year yet still showing a strong 3-year total return, investors are left with a key question: is this recent slide a potential buying window, or is the market already pricing in future growth? ## Preferred Price-to-Sales of 1.7x: Is it justified? For StepStone Group, the current debate starts with its P/S ratio of 1.7x, which sits well below both the US Capital Markets industry and peer averages, yet above the estimated fair P/S level suggested by regression analysis. P/S compares a company’s market value to its revenue. This can be useful for businesses like StepStone Group where earnings are currently negative and traditional P/E ratios are less meaningful. Investors often look at P/S to gauge how much the market is paying for each dollar of revenue, especially when profits are volatile. StepStone Group trades at a P/S of 1.7x, while the US Capital Markets industry average is 3.4x and the peer average is 4.2x. This is a sizable gap. However, the estimated fair P/S ratio for the company is 0.8x, so the current 1.7x level sits above where the regression based fair value suggests the multiple could move over time. Explore the SWS fair ratio for StepStone Group **Result: Price-to-Sales of 1.7x (ABOUT RIGHT)** However, the recent revenue decline of 4.7% and a net loss of $535.808 million at StepStone Group could challenge confidence in the current valuation story. Find out about the key risks to this StepStone Group narrative. ## Next Steps If this mix of index attention and weak recent returns around StepStone Group feels conflicting, take a closer look at the numbers yourself and weigh the trade offs, starting with 2 important warning signs ## Looking for more investment ideas beyond StepStone Group? If StepStone Group's recent moves have you reassessing your portfolio, do not stop here. Broaden your options with focused stock ideas that match your investing style. - Target quality at a discount by reviewing companies flagged in the 43 high quality undervalued stocks that may offer appealing pricing relative to fundamentals. - Prioritise resilience by checking out stocks in the 74 resilient stocks with low risk scores that score well on risk factors and business stability. - Hunt for tomorrow's potential standouts by scanning the screener containing 19 high quality undiscovered gems filled with companies that are not yet widely followed. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [STEP.US](https://longbridge.com/en/quote/STEP.US.md) ## Related News & Research - [Jose Fernandez Sells 100,000 Shares of StepStone Group (NASDAQ:STEP) Stock](https://longbridge.com/en/news/288710695.md) - [StepStone Group announces annual shareholder meeting](https://longbridge.com/en/news/293380992.md) - [18:04 ETA Bedding Dream Made in Heaven: Sleep Country and Sleep Number Finalize Landmark Deal to Create a $3+ Billion Global Sleep Powerhouse](https://longbridge.com/en/news/294560184.md) - [Will Inflation Jitters and Real Estate Accolades Together Shift StepStone Group's (STEP) Investment Narrative?](https://longbridge.com/en/news/277797712.md) - [Tim Cook Thanks Shareholders on His Final Apple Earnings Call](https://longbridge.com/en/news/294423401.md)