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The Barclays share price is now the ‘cheapest’ FTSE 100 stock! I’d buy it

first_imgThe Barclays share price is now the ‘cheapest’ FTSE 100 stock! I’d buy it I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Shares in Barclays (LSE: BARC) have plunged in value over the past few weeks. Investors have been selling the Barclays share price amid the broader market sell-off, fearing a full-blown financial crisis is in the works.However, it looks as if these concerns are overblown at this stage. As a result, now could be a great time to snap up a share in this international lender at a bargain price.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Central banks take actionThe Covid-19 pandemic has put an unprecedented level of strain on the global economy and financial system. The good news is, central banks have acted quickly to contain the fallout.Central banks around the world have unlocked trillions of dollars of funding and liquidity to make sure the financial system holds together in these tough times. So far, these actions seem to be working.This is good news for the Barclays share price. Reduced interest rates and more liquidity will make it easier for the bank to borrow and lend. That should help it weather the current storm and make a healthy recovery.Barclays share price valuationThe actions by central banks suggest the recent Barclays share price slump is a bit excessive. After the recent declines, the stock is trading at just 25% of tangible book value.For some comparison, in the financial crisis the Barclays share price fell to a low around 10% on tangible book value. So Barclays is nearly as cheap as it was back in 2009, even though the risks facing the group are much lower.These numbers infer that while the Barclays share price could fall much further from current levels, the stock offers a wide margin of safety at current levels. If the stock returns to tangible book value, investors could see an upside of 300%.The cheapest stockThat’s why Barclays stands out as one of the cheapest shares in the FTSE 100 right now. There are no other companies that offer more value on a price-to-tangible-book (P/TB) basis. The stock’s 0.25 multiple is the cheapest in the index. The Barclays share price is also cheaper than many of its UK peers, such as Lloyds and RBS.Shares in these two companies are dealing at a P/TB ratio of 0.6 and 0.4 respectively. Barclays’ ratio is just 0.25.While it’s unlikely any of these lenders will escape unscathed from the outbreak, they’re still in a far better position today than they were in 2008/09. That suggests now would be a great time to take advantage of the market’s short-term thinking and buy the Barclays share price.The lender might suffer some further turbulence in the short term. But over the long run, Barclays will continue to hold its position at the top of the UK banking industry. Its transatlantic presence also gives the group an edge over other lenders here in the UK. That deserves a premium, not a discount, to the rest of the sector. Enter Your Email Address Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Barclays. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves | Friday, 20th March, 2020 | More on: BARC Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Rupert Hargreaveslast_img read more