Investors should avoid companies with high debt, high valuations and high stock prices.
That’s because those stocks tend to outperform their peers, according to research by the International Monetary Fund.
Read moreAt the top of the list is Google.
Its stock has climbed more than 1,000% in the past year.
Its valuation has climbed nearly 600%.
Its shares have been valued at $3.6 trillion, more than double what they were a year ago.
And while Google shares are not the best-performing companies, they are the cheapest.
They’re currently trading at $19.80.
Read MoreGoogle’s stock has seen an incredible rise, rising nearly 2,500% in just three years.
It now trades at $24.66, a 763% jump from the year before.
This is thanks to a surge in search advertising, which has helped Google increase its market share.
The company also boasts of being the world’s fastest-growing Internet company.
Read What is the stock market?
and How does it work?
Read MoreAs a result, Google stock has been valued by the IMF at nearly three times its historical value, which is a good deal.
The IMF estimates that this makes Google the fifth most valuable company in the world, behind Microsoft, Facebook, Apple and Amazon.
Google stock has a lot going for it, though.
Its market cap has grown to more than $1 trillion.
Its value is up nearly 800% from the same time last year.
The stock is also cheap.
If you want to buy a stock with a big valuation, Google is a must-buy.
Read How to invest in the best investment stocks.