Pricey Market? These 3 Dirt-Cheap Stocks Have PE Ratios Under 12

Pricey Market? These 3 Dirt-Cheap Stocks Have PE Ratios Under 12

After all, the S&P 500's CAPE (cyclically adjusted PE) ratio, a metric invented by Yale professor Robert Schiller, is currently over 34 -- its highest mark since the dot-com bubble of 1999. It appears so, as the following solid businesses miraculously all trade at 12 times their 2021 earnings estimates -- or less. In recessions, people usually miss payments and their credit scores go down.