That isn’t just in the US either: value investing has beaten growth investing in most countries over the long run. In his book The Future is Small (rather embarrassingly I think I wrote the foreword to this one too) Gervais Williams offers similarly impressive numbers, in his case on the small-cap effect.
If you had put a pound into the UK market as a whole in 1955 you would have had £1,070 by 2013. Not bad. Had you tracked the Numis Smaller Companies Index, however, you’d have ended up with £4,907. Again, much better.