These days, it’s nearly impossible to find “deep value” in the stock market.

Amazon trades at a price-to-earnings ratio of more than 75 times earnings.

Netflix is trading at 125 times earnings.

And the average S&P 500 stock trades at a cyclically adjusted price-to-earnings ratio of 30 times earnings … the third highest level in history.

With lofty valuations like these, it hardly seems like there are any good deals left.

But there is.

I recently came across a stock trading for less than five times earnings, in one of the most shockingly undervalued sectors of the market.

Make no mistake, this is no penny stock either.

This is a multibillion company that is considered by many to be the leader in its industry … and holds a place in the market’s 500 biggest stocks, the S&P 500.

This stock is such an enormous buy that David Tepper – one of the highest paid money managers on Wall Street – has dumped 20% of his portfolio into this one stock, his largest holding by a distant mile. And it’s so outrageously cheap … that it’s one of the largest holdings in Vanguard’s popular Selected Value Fund.

It’s for all these reasons that I think this stock is easily the best cheap stock you can buy today.

I have put all the details in a free report you can claim today.

Click here to learn more.