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GETTYEach of these stocks in the oil and gas sector can be purchased for less than their book value. Each of these has a price/earnings ratio of 10 or less at a time when the p/e of the market as whole is 21. Each one trades on the New York Stock Exchange every day.
Stocks trading below book with low p/e's are being avoided for a reason. It might have to do with a lack of belief among analysts that earnings can continue to grow. Or it might have to do with a general belief among investors that other sectors stand to grow faster. It might be some combination of those 2 and something else.
Whatever it is, these stocks are beginning to show up on screens designed to uncover the type of value situations described by Warren Buffett's teacher at Columbia, Benjamin Graham in his classic works on valuation analysis.
