Stocks selling at low prices in relation to company assets, sales and earnings power (the kind of stocks favored by "value investors").
Stocks that have a lower-than-average price as measured by such metrics as price-to-earnings or price-to-book ratios. Value investing is often considered the opposite of growth investing, which concentrates on finding companies with above-average sales and earnings growth prospects.
These are stocks in companies that, for one of many reasons, are undervalued. They are stocks that are selling at a low price, but when analyzing the company's sales, earnings and looking at other factors, give indications that they should be selling for a higher per share price.