In an interview with Wesley Gray, author of the book Quantitative Value, Fool editor and analyst Brendan Byrnes asks Gray to elaborate on the best valuation metric to use in evaluating a company's stock.
Gray discusses a study he performed with author Jack Vogle in which the two analyzed different valuation metrics. The conclusion may surprise you.
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.