5 Undervalued Defensive Stocks For 2023

1. GSK plc (NYSE:GSK)

PE Ratio as of January 27: 4.03

GSK plc (NYSE:GSK) is a British pharma giant. GSK plc (NYSE:GSK) has a PE ratio of 4.03 and a dividend yield of over 4% as of January 27. GSK plc (NYSE:GSK) has been around for about 200 years. It has one of the biggest R&D budgets in the industry. With a solid dividend and a diversified business model, GSK plc (NYSE:GSK) is strong enough to weather any economic storm. That’s why it made it to our list of the undervalued defensive stocks for 2023. In the third quarter, GSK plc (NYSE:GSK)’s revenue jumped about 9% on a YoY basis to reach £7.8 billion. GSK plc (NYSE:GSK) also upped its full-year guidance.

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