and say value stocks finally have room to run after years of lagging behind. Although few corners of the stock market have emerged unscathed in 2022’s dizzying selloff, value shares—traditionally considered those that trade at a low multiple of their book value, or net worth—have held up better than most. Among the stocks at the top of the leaderboard are traditionally slower-growing businesses like Exxon Mobil Corp., Merck & Co. and Molson Coors Beverage Co. All have notched double-digit gains in 2022, while the S&P 500 has dropped 18%.
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