Think The Market Is Overvalued? These 7 Stocks Beg To Differ

After a string of new all-time highs in recent days, the S&P 500 may be taking a breather on Tuesday, and with good reason. The S&P is now more than 37 percent higher than its pre-Financial Crisis highs, and it’s getting harder and harder to find value plays in the market. But they are still out there.

The S&P 500’s PE ratio is currently just shy of 25, its highest level since the Financial Crisis and near the highest point it's ever been outside of the Dot Com Bubble and the U.S. mortgage bubble.

Related Link: Differences In Opinion: Big Names Weigh In On Whether The Market Is Overvalued

Surprisingly, even with the market’s lofty valuation, there are still a number of large stocks trading at PE ratios below 10:

• Valero Energy Corporation VLO — 7.0 PE
• Unum Group UNM — 9.1 PE
• Delta Air Lines, Inc. DAL — 6.5 PE
• Scorpio Tankers Inc. STNG — 4.0 PE
• Citigroup Inc C — 8.9 PE
• Capital One Financial Corp. COF — 9.8 PE
• General Motors Company GM — 4.6 PE

Of course, there’s more to assessing a stock’s value than earnings. When earnings growth is factored in, the PEG ratios of the companies mentioned above indicate that GM (0.33) and Delta (0.57) are the best values of the group.

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Disclosure: The author is long C.