Wells Fargo is one of six S&P 500 companies whose stock looks cheap relative to tangible book value. Ting Shen/Bloomberg

With many value-oriented stocks making a comeback in recent months, investors may want to check out an old-style approach to the discipline: buying stocks with low price/book ratios.

Barron’s screened the S&P 500 with the help of FactSet for companies with low stock prices relative to tangible book value.

It turned up a half dozen companies. They are the banking giants Citigroup (ticker: C) and Wells Fargo (WFC); Vornado Realty Trust (VNO) and SL Green Realty (SLG), both New York real-estate investment trusts; Comerica (CMA), a

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