Ford Motor Company shares have outperformed the S&P 500 in the last year, generating a 12-month total return of 174.4 percent. But after a huge run, investors may be wondering if there’s any value left in Ford stock. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value. For comparison, the S&P 500’s PE is at about 30, nearly double its long-term average of 15.9. Ford’s PE is 30.8, in-line with the S&P 500 average as a whole. Ford’s PE ratio is also up 213.4 percent over the last five years, suggesting the stock is priced at the high end of its historical valuation range. Growth Looking ahead to the next four quarters, the S&P 500’s forward PE ratio looks much more reasonable at just 21.3. Ford’s forward earnings multiple of 10.9 is roughly …