3 Undervalued Foreign Stocks
As a whole, non-U.S. markets don't look cheap, but there are some values.
Note: This article is part of Morningstar's May 2015 International Investing Week special report.
There isn't much value to be found in equity markets around the world right now. Valuations look stretched virtually everywhere you look, according to Morningstar data. Asian shares are trading at an 18.4% premium, while European markets look 4.6% overvalued. Comparatively, U.S. shares--1.2% overvalued--look pretty good. Looking at these aggregate numbers, individual-stock investors may be tempted to not put in the effort to look abroad today.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.