3 Stocks That Look Absurdly Overvalued but Really Aren't
Appearances can be deceiving.
For example, take two commonly used valuation metrics for a stock: price-to-earnings (P/E) ratio and price-to-sales (P/S) multiple. Many investors see a stock with high P/E and P/S values and automatically think the stock is too expensive to buy, but that's not always the case.
There's a good argument to be made that stocks are generally priced at a premium these days with the market near all-time highs. However, some individual stocks that appear to be expensive are actually more attractively priced than they seem. Here are three stocks that seem ridiculously overvalued, but really aren't.
Source Fool.com
