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The call for a new bull market continues as the S&P 500 hit a new high for the year in early June following a debt ceiling deal and strong labor market data. Shares of tech ETFs hit record highs, driven by large technology and semiconductors stocks. Inflation data continued to trend lower, and the Fed was pleased with the progress of "skipping" this month's rate hike, but said it expects to raise rates twice more b...

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There are multiple ways to measure how inexpensive a company is relative to the broad-market indexes, its peers, and even itself. For semiconductor stock Intel (INTC 2.95%), the valuation metric that really stands out is its price-to-book (P/B) ratio. Intel is currently trading at roughly 8% above its book value. This represents its cheapest valuation, relative to book, since at least the mid-1980s (i.e., as far back as the P/B data I have access to goes).
Of course, there's a very good re...