2 Top Global Value Stocks to Buy Now

The S&P 500 has reached record levels while delivering a mouthwatering 43% return since last July. As spectacular as this rally has been, it has priced out many investors who were late to the game. The index is now trading at a price-to-earnings (P/E) ratio of 46 -- its second most expensive valuation in history (and just below its level from the 2008 financial crisis!).  

But that doesn't mean all stocks are expensive. To find great bargains, one could look abroad and into the realm of American Depository Receipts (ADRs). So let's have a look at the top foreign stocks to buy now. 

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Source Fool.com