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As the P/E ratios of most S&P 500 companies look very expensive and the market continues to hit new all-time highs regularly (despite the election, COVID and everything else happening in the world), it's challenging to find cheap stocks to buy now.
This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 33 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.
While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value opportunities exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market.
Some of these companies are great ideas because they're too small and too risky to attract most mutual funds and professional money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now working to turn around and bounce back.
Each of these 10 stock picks shares a common characteristic, a super-low share price of $10.00 or less.
Click Here to View These 10 Stocks
Matthew Paulson
MarketBeat
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