This Growth Stock Has a P/E Ratio Under 5

By Travis Hoium – Jul 29, 2023 at 7:15AM

NYSE: GM

General Motors

Market Cap

$53B

Today's Change

(0.44%) $0.20

Current Price

$46.04

Price as of April 29, 2024, 4:00 p.m. ET

Sales are growing at GM, and the stock looks extremely cheap.

General Motors (GM 0.44%) continues to perform extremely well, with sales and margins per vehicle on the rise. But the market hasn't put much value on the company, with shares trading for a P/E ratio under 5. Travis Hoium covers why that's cheap and why this is a great stock to own in this video.

*Stock prices used were end-of-day prices of July 25, 2023. The video was published on July 26, 2023.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.