These 3 Stocks Look Expensive, but Are Actually Cheap

These 3 Stocks Look Expensive, but Are Actually Cheap

Stocks with above average price-to-earnings (P/E) ratios, or those trading near their 52-week highs, aren't always expensive. The true test of whether a stock is cheap or not, after all, is the company's real-world ability to create value for its shareholders over long periods of time. 

With this concept in mind, we turned to three of our Motley Fool investors to ask which stocks they think might be getting overlooked right now because of their unattractive valuation metrics, or recent surge in share price. They suggested Ionis Pharmaceuticals (NASDAQ: IONS), Shopify (NYSE: SHOP), and Intuit (NASDAQ: INTU). Below, our investors explain why they think these three stocks may be far cheaper than they may appear at first glance. 

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Source: Fool.com