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.

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Source Fool.com