Just over £1 now, here’s why Lloyds’ share price looks cheap to me anywhere under £1.77
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Lloyds’ (LSE: LLOY) share price sits around an 18-year high, yet there may still be further major gains ahead. This is because price and value are different things when it comes to shares.
Price is just a function of market supply and demand for a stock at any given time. But value reflects the true worth of the underlying business’s fundamentals.
As legendary investor Warren Buffett put it: “Price is what you pay; value is what you get.” He also urged investors to focus on companies whose value exceeds their price.
So, how much are Lloyds shares really worth right now?
Powering up with earnings growth
Ultimately, every company’s share price is driven over the long term…
