Buy This Stock Before Another Market Rally

Our experts issued a rare "Double Down" Buy alert on this one stock... Learn more.

There's value in avoiding restrictive investing labels. For example, two common labels are "growth" and "value," but these points of view aren't mutually exclusive. Successful investors balance these viewpoints to identify top opportunities. The trick is finding a great business trading at a good value relative to its growth. But admittedly, this is getting harder, because stock valuations are historically high right now.

According to the following data from YCharts, the price-to-earnings ratio for the S&P 500 is at a 10-year high of 31. Historically, the P/E ratio has been below 25.

Source Fool.com