What is a Value Stock?A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company’s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the consumer cyclical sector:BRP (NASDAQ:DOOO) – P/E: 8.28General Motors (NYSE:GM) – P/E: 5.15Lithia Motors (NYSE:LAD) – P/E: 8.09Vince Holding (NYSE:VNCE) – P/E: 2.3Crocs (NASDAQ:CROX) – P/E: 9.59This quarter, BRP experienced a decrease in earnings p…