It's been a tough year for Ford (NYSE: F) investors, as the stock currently sits 11% below where it started 2023 (as of Nov. 27). This is discouraging, especially when the broader S&P 500 is up almost 19% this year.
But it's hard to argue that Ford shares aren't cheap. They currently trade at a trailing price-to-earnings ratio of 6.8. It might be too hard to pass on this opportunity.
Should investors buy this auto stock right now? Let's take a closer look at Ford's most recent financial results, as well as some more important factors, to come to an informed conclusion.
Source Fool.com