Value investors are the stock market's bargain hunters. They often lean toward beaten-down companies whose shares appear cheap when compared to current earnings or corporate assets. Value investors typically buy stocks with high dividend yields, or ones that trade at a low price-to-earnings ratio (P/E) or low price-to-book ratio (P/B). The value investment style often is contrasted with the growth style. The two styles tend to take turns being popular on Wall Street. One year growth stocks will be all the rage; the next year value stocks may dominate. See "Value vs. Growth."