Best Buffett Stocks by Book Value

Another low P/B-ratio Buffett stock is ConocoPhillips(COP Quote), which has a price-to-book of 1.5. The company is planning a natural gas pipeline running from Alaska's North Slope to the U.S., which would reportedly be the largest pipeline in the world, at a cost of $42 billion. ConocoPhillips has a P/E of 12.4 , a P/E-to-growth (PEG) ratio of 0.8 and a yield of 2.1%.

ConocoPhillips is also a stock that's liked by money manager and Forbes columnist Ken Fisher. Fisher, who manages $30 billion, also likes China Mobile(CHL Quote), which has a price-to-book of 7.8, Schlumberger(SLB Quote), with a 7.8 P/B, and Transocean(RIG Quote), which has a 4.6 P/B.

Bank of America(BAC Quote), another Buffett stock, has a P/B of 1.5. BofA also has a P/E of 10, a PEG of 1.6 and a yield of 5.7%.

Bank of America is favored by another Forbes columnist, the famous contrarian, David Dreman. The chairman of Dreman Value Management also likes Altria Group(MO Quote), which has a P/B ratio of 9.3, Freddie Mac(FRE Quote), with a 1.1 P/B, and Devon Energy(DVN Quote), which has a 1.8 P/B.

To see all 10 of the Warren Buffett stocks with low price-to-book ratios, check out the Best Buffett Stocks by Book at Stockpickr.com. And for his entire stockholdings, be sure to visit the Warren Buffett portfolio.