Are you familiar with the dynamic duo of Fama and French? No, they didn't star in Tommy Boy-- that was Farley and Spade. And they didn't perform the "Time Machine" skit -- that was Slovin and Allen.

While the names Eugene Fama and Kenneth French may not come up in most dinner conversations, the two have done some very interesting academic research on stocks. In short, they've proposed that there's more to stock returns than volatility -- which was academics' previous consensus. In research they conducted over various periods and across multiple geographic locations, Fama and French determined that stocks characterized as " value stocks" have consistently outperformednonvalue stocks.

Today, I've rounded up five value stocks trading at less than two times their book value. You can run the same screenin CAPS for updated results. To focus on high-quality stocks, I've cross-referenced these against ratings in our CAPS community of more than 140,000 investors.

Company

Book Value Multiple

1-Year Change

CAPS Rating
(out of 5)

Yamana Gold (NYSE: AUY)

1.1

43%

****

Activision Blizzard (Nasdaq: ATVI)

1.3

(34%)

*****

Markel (NYSE: MKL)

1.3

(12%)

*****

Chesapeake Energy (NYSE: CHK)

1.4

(35%)

*****

Nuance Communications (Nasdaq: NUAN)

1.9

(4%) Continued...