Global growth’s persistent, slow rebound has been an anchor to many commodity stock’s market prices. At a time when markets are reaching new highs, many energy and material companies’ valuations look relatively cheap on a forward-looking basis. With forward price-to-earnings ratios below 15x, the following companies appear to be reasonable contenders for a value investment. After looking under the hood, do they all still appear that way?

In my mind, two of the companies that passed my screen most certainly are worth a closer look, while the other two should only find their way onto your watch-list. These two and their respective industries have several questions looming on the horizon. For more analysis and opinion, tune in to the video below.

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Fool contributor Taylor Muckerman does not own any of the companies mentioned in this post at this time.  The Motley Fool doesn’t own shares in any of the companies mentioned.   

This video was created by Taylor Muckerman, a contributor to Fool.com.