Value investing agribusiness stocks are undervalued

Agribusiness stocks are undervalued with price‑to‑book ratios below 0. The investing track of the Oracle of Omaha over the past few decades and his gradual shift from being a pure-play value investor to a GARP (growth at a reasonable price) investor might give us all the answers. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Latest value investing data shows that the S&P 500’s forward P/E ratio stands at 19.4, slightly above its 10-year average. While growth stocks have eased, undervalued sectors like financials and energy are showing stronger free cash flow yields. Analysts expect earnings for undervalued industrials to grow 6% by Q4 2024, making them attractive plays for long-term value buyers.