A manager who seeks to buy stocks that are at a discount to their "fair value" and to sell them at or in excess of that value. Often a value stock is one with a low price-to-book value ratio. Opposite of to growth stock.
Nearby TermsValue investing Value Line investment survey Value manager Value Maximization Value stock fund
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University