It appears that certain stocks in the market are trading at bargain prices.
We all know that the market has been inflated. Certain stocks that have been severely inflated have come back to normal (examples AFRM, DKNG); other mega and large cap stocks are still trading at PEs trading over 30 (AMZN, TWTR, TSLA).
However, with liquidity leaving the market, it appears that some bargains are available. Certain large-cap stocks are being offered at low PE ratios and most pay what is now a 3% or higher dividend. Specific Examples and their PEs include the following:
INTC – 7
WFC, JPM, C – 8-9
F – 4
TM – 9
T – 8
FNF – 5
It appears that even though the market as a whole has taken a hit, and other companies may still need A return to reasonable price levels, there is value in the market to be found in the middle of the decline.
It seems that large institutions seeing these values and may begin to reinvest in such companies shortly at bargain PE prices.
Obviously there is more to an analysis of a company then just the PE, but it can be a useful indicator.
I would greatly appreciate your feedback and analysis. None of this is investment advice.
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