The Procter & Gamble Company (PG), Colgate-Palmolive Company (CL) & More: In Times of Turbulence, Seek Safety With These Stocks

It’s hard to make the argument that any of these stocks are cheap, since each of them trades at a higher valuation than the S&P 500 Index. Whereas the broader market is currently valued around 18 times earnings, Clorox trades for 21 times its trailing earnings per share, and Colgate-Palmolive Company (NYSE:CL) exchanges hands for more than 23 times EPS. The Procter & Gamble Company (NYSE:PG) appears to be modestly valued, with a valuation about on par with the S&P 500.

However, it’s worth remembering Warren Buffett’s advice: It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Each of the stocks on this list has market-leading brands, reasonable valuations, and raises their dividends year in and year out. P&G, Colgate-Palmolive Company (NYSE:CL), and Clorox each represent wonderful companies, and their above-average P/E ratios shouldn’t deter you from buying them.

The article In Times of Turbulence, Seek Safety With These Stocks originally appeared on Fool.com and is written by Robert Ciura.

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