2 Top Value Stocks to Buy Right Now
With the S&P 500 trading at an average price-to-earnings (P/E) multiple of 45, stocks are getting pricey versus their historical average of 16. In times like these, investors might want to consider looking at value stocks like Phillip Morris International (NYSE: PM) and Dollar General (NYSE: DG), which trade at low multiples relative to their earnings and growth potential.
Let's explore the reasons why these companies offer great bang for your buck.
With a forward P/E multiple of 15, PMI stock is valued significantly cheaper than the market average but higher than rivals Altria and Vector Group, which trade for 10 and 14 times earnings, respectively. PMI deserves its premium because of its focus on reduced-risk tobacco products, which can shield it from regulatory uncertainty.
Source Fool.com
