The past several years have seen great gains from growth stocks. But much of the credit for that extreme bullishness must be given to persistently low interest rates, which favor growth over value.

That's not the situation any longer, though. Interest rates are now back to multiyear (if not multidecade) highs. Value stocks should begin performing much better.

With that as the backdrop, here's a rundown of three top value stocks that are arguably undervalued right now -- even by value stock standards.

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Source Fool.com