The Globe and Mail attempts to identify companies that rallied in 2016, but but are trading at reasonable valuations relative to their own history in its Thursday, Feb. 2, edition. The Globe's Ian Tam writes in the Number Cruncher column that in 2016 almost all sectors within the S&P/TSX composite (with the exception of health care) posted strong returns. Mr. Tam created a strategy that ranks stocks on their price changes over various periods, while simultaneously filtering for companies that are trading near or below their 10-year historical median price-to-book, price-to-cash-flow, price-to-sales and price-to-earnings ratios. Specifically, the cut-off used here is 1.1 times (meaning that the company is trading within a 10-per-cent premium or lower to their 10-year historical valuation ratios). To qualify, stocks must have an average monthly value of shares traded of $2-million or greater (this figure represents the top two thirds of companies in the Morningstar CPMS Canadian database, which today consists of about 720 names). Stocks good for value-oriented investors are IGM Financial, Industrial Alliance Insurance and Financial Services, Westshore Terminals Investment, Canadian Western Bank and Wi-LAN.