By Daily Crux Editor Justin Brill: 

According to a strict value screen performed by analysts at investment bank Societe Generale, there are only three undervalued stocks remaining in the U.S. stock markets.

Using criteria derived from Benjamin Graham, the renowned father of value investing and mentor to Warren Buffett, the analysts looked for shares with earnings yields at least twice their corporate bond yields... and companies with dividend yields at least 2/3 of their bond yields. Today, that translates into a historic price-to-earnings ratio of less than 9.5 and a dividend yield of more than 3.5%.

The results? Only Chevron, Merck, and oil and gas drilling company Patterson-UTI passed the value test.

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