Despite the recent market rally and rotation from defensives into cyclicals, don’t give up hunting for value in the market, it can be found; that’s according to January 12 Global Equity Strategy note from analysts at Jefferies.
According to the note, a copy of which has been reviewed by ValueWalk, analysts at Jefferies calculate around 23% of global stocks with a market capitalization of $500 million or more still trade below 1.25 times price-to-book and 33% trade below a forward P/E of 15 times.
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Jefferies: The Conditions Are Right for Value To Outperform
Buying value is what Jefferies is recommending for the...


