Here's My Top Value Stock to Buy Right Now
A value stock is generally described as a stock that is worth more or has a higher intrinsic value than the stock price indicates. Value investors identify these stocks in several ways -- including a low price-to-earnings (P/E) ratio, a low P/E-to-growth (PEG) ratio, or a low price-to-book (P/B) ratio. The idea, of course, is to buy these undervalued stocks in the hopes that they increase in price and realize their true value.
One stock, in particular, that is undervalued relative to its growth potential is Ally Financial (NYSE: ALLY). Here's why this is a top value stock right now.
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Source Fool.com