You've heard about the famous "Buy low, sell high" maxim, but simply buying a stock because it has lost considerable value may earn you nothing if the stock's fallen on valid concerns. The key to value investing is to find companies that are trading below their intrinsic value because macro concerns have distracted the market from the company's strong fundamentals, causing the stock to fall. Case in point: Dow Chemical (DOW).

Dow Chemical is down nearly 20% over the past 12 months, but there's nothing wrong with the company. In fact, Dow Chemical is a rapidly growing company with its foot in the right markets at the right time. Investors can be a part of the growth story at a reasonable price today: The stock is trading at a P/E near five-year lows.

DOW PE Ratio (TTM) Chart

DOW P/E Ratio (TTM) data by YCharts.

But the real reasons Dow is such an attractive proposition today go beyond this. Take a look at the slideshow below to find out five big factors that make Dow such a compelling buy.

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Stocks to Buy: 5 Reasons Value Investors Should Consider Dow Chemical Today from The Motley Fool.