From theory, different arguments are given for the existence of a difference in return, risk, and total performance between value and growth stocks. Additionally, there are also some contradictions discovered between scholars on the classification of value and growth stocks by means of price-multiples and the performance between these multiples. However, it is unclear how these arguments hold during times of crises and recessions. To study these subjects during the financial crisis of 2007-2010, certain hypotheses are developed.