3 Consumer Goods Dividend Stocks That Won't Be This Cheap Again

The S&P 500 is trading at a price-to-earnings ratio of 22.5, which compared with its historical P/E ratio of 15.6 makes it expensive by historical standards. But despite the higher-than-average valuation level of the overall market, there are still bargains available. Let's look at three well-respected consumer goods dividend stocks that are trading at extremely low P/E ratios...

Technology giant Apple (AAPL) seems perpetually undervalued as investors continue to doubt the company's growth trajectory. Based on its recent $105 stock price, shares of Apple are valued at a P/E ratio of just 11, about half the average valuation of the S&P 500. U.S. automaker Ford Motor (F) is a curious study, as the company itself continues to perform very well. Auto sales in the United States are booming, thanks to low interest rates and low gas prices. The downturn in the agriculture industry is keeping a lid on Archer Daniels Midland's (ADM) valuation. The stock trades at a P/E ratio of 14, which is well below that of the S&P 500.

Source: The Street

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