On an absolute basis, financials, energy and utility stocks appear the cheapest based on the price - to - book (P / B) ratio. (blackrockblog.com)
My view is that it does, primarily because value still appears cheap relative to growth. (blackrockblog.com)
A company may appear cheap in relation to its outstanding stock, but it may be expensive when considering the debt it has taken on. (blackrockblog.com)