2 Healthcare Stocks That Are Too Cheap to Ignore
2026-03-10 12:43:00 ET
Some indicators suggest that equity markets are currently overvalued. For instance, the S&P 500 Shiller CAPE ratio is near multi-year highs. In this environment, it pays to look for bargains, stocks that look cheap right now, given their growth prospects. Here are two examples to consider in the healthcare sector: Pfizer (NYSE: PFE) and Novo Nordisk (NYSE: NVO) .
Image source: Getty Images.
Pfizer's shares are down substantially since they hit their all-time highs in late 2021. It's no wonder. Its financial results have been subpar in the past few years. Here's the good news. Pfizer is currently trading at 9 times forward earnings, compared to the healthcare sector 's average of 18.5x. At current levels, the company's shares look attractive considering its deep pipeline that should allow it to replenish its lineup and significantly improve its financial results.
NASDAQ: NVO
NVO Trading
0.57% G/L:
$38.835 Last:
8,264,234 Volume:
$38.73 Open:
