With financial uncertainty still hanging over major industries - and countries - Cameron Bartram takes a look at where the value lies in the Australian stock market Cheap. It's such a commonly-used word in investment circles, but it is also a very ambiguous one. To me cheap means you can buy a stock today at a lower price than you could buy it yesterday. But does that mean you're getting value? To answer this question I thought I'd have a look at some of the common value metrics of the ASX 200 Index,as well as some of the more popular blue chip stocks to see what they are telling us in these volatile and uncertain times for the equity markets. Over the past 10 years the average price to earnings (P/E) ratio of the ASX 200 Index has been about 15.
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