Understanding Value StocksA value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer defensive sector:Perdoceo Education (NASDAQ:PRDO) - P/E: 8.15iHuman (NYSE:IH) - P/E: 6.25S&W Seed (