If you want to set yourself up for good long-term returns, it's important to consider a stock's valuation. Even if you invest in great companies, if you're paying a massive premium for them, your returns may still end up limited, or you may even incur a loss.
A good way to gauge a stock's value is by looking at its forward price-to-earnings (multiple P/E), which factors in how much earnings analysts expect from the company in the year ahead. It can be more reliable than just the trailing P/E, which can be skewed by just one good or bad quarter.
Based on the forward P/E, three growth stocks that may be among the best bargains to buy right now are AbbVie (NYSE: ABBV), Micron Technology (NASDAQ: MU), and Adobe (NASDAQ: ADBE).
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