Selecting stocks with compelling Shiller price-earnings ratios enhances the likelihood of identifying value opportunities, in my opinion. Thus, investors could be interested in the following stocks, as their Shiller price-earnings ratios are standing below the S&P 500 Index's historical average of 16.84 as of the writing of this article.
Bank of Nova Scotia
The first company investors could be interested in is Bank of Nova Scotia (BNS, Financial), a Toronto, Canada-based provider of various banking products and services in the Americas and internationally.
The company has a Shiller price-earnings ratio of 12.26, which is the result of a share price of $63.40 in early trading on Monday and 10-year average inflation-adjusted earnings per share of $5.17 as of the April 2021 quarter. The industry has a median of 13.48 for the Shiller price-earnings ratio.
The share price has climbed by 53.51% over the past year for a market capitalization of $76.42 billion and a 52-week range of $39.81 to $68.02.
GuruFocus has assigned a score of 3 out of 10 to the company's financial strength rating and 5 out of 10 to its profitability rating.
On Wall Street, as of July, the stock has a median recommendation rating of overweight with an average target price of $79 per share.
Mitsubishi UFJ Financial Group Inc
The second company investors could be interested in is Mitsubishi UFJ Financial Group Inc (MUFG, Financial), a Japanese bank holding company providing various financial services to its clients in Japan and other Asian countries as well as in the U.S. and Oceania.
The company has a Shiller price-earnings ratio of 10.54, which is the result of a share price of $5.48 in early trading on Monday and 10-year average inflation-adjusted earnings per share of $0.52 as of the March 2021 quarter. The industry has a median of 13.48 for the Shiller price-earnings ratio.
The share price has grown by nearly 40% over the past year for a market capitalization of $70.39 billion and a 52-week range of $3.71 to $6.02.
GuruFocus has assigned a rating of 3 out of 10 to the company's financial strength and 4 out of 10 to its profitability.
On Wall Street, as of July, the stock has a median recommendation rating of overweight with an average target price of $6.98 per share.
Banco Santander SA
The third company investors could be interested in is Banco Santander SA (SAN, Financial), a Madrid, Spain-based bank providing various retail and commercial banking products and related services to individuals and businesses globally.
The company has a Shiller price-earnings ratio of 9.67. The ratio is the result of a share price of $3.77 in early trading on Monday and 10-year average inflation-adjusted earnings per share of $0.39 as of the March 2021 quarter. The industry has a median of 13.48 for the Shiller price-earnings ratio.
The share price has increased by 58.63% over the past year, determining a market capitalization of $70.39 and a 52-week range of $1.71 to $4.38.
GuruFocus has assigned a rating of 3 out of 10 to the company's financial strength and 4 out of 10 to its profitability.
On Wall Street, as of July, the stock has a median recommendation rating of overweight with an average target price of $4.43 per share.
Disclosure: I have no positions in any securities mentioned in this article.
