In this article, we will take a look at the 5 stocks with the lowest PE ratio. To see more such companies, go directly to 20 Stocks with the Lowest PE Ratio.
5. First Citizens BancShares, Inc. (NASDAQ:FCNCA)
PE Ratio as of October 31: 1.82
First Citizens BancShares, Inc. (NASDAQ:FCNCA) has gained about 80% year to date through November 10. First Citizens BancShares, Inc. (NASDAQ:FCNCA) recently upped its quarterly dividend by 118%. In October First Citizens BancShares, Inc. (NASDAQ:FCNCA) posted Q3 results. Adjusted EPS in the quarter came in at $55.92, beating estimates by $7.09. Revenue jumped 111% year over year to $2.6 billion, beating estimates by $240 million.
4. CNX Resources Corporation (NYSE:CNX)
PE Ratio as of October 31: 1.77
Natural gas company CNX Resources Corporation (NYSE:CNX) shares have gained about 30% year to date through November 10. Yet CNX Resources Corporation (NYSE:CNX) is among the companies with the lowest PE ratios. CNX Resources Corporation (NYSE:CNX) recently posted Q3 results, missing estimates on both EPS and revenue.
CNX Resources Corporation (NYSE:CNX) in its Q3 earnings call gave some important business updates:
“We continue to believe that our shares traded at a significant discount to their intrinsic value and as such during the quarter bought back an additional 2.4 million or 1% of shares outstanding and an average price of $19.50 per share. And after the close of the quarter through October 12, we bought back an additional 1 million shares and an average price of $22.20. Since the third quarter of 2020, we’d have now bought back approximately 31% of our total shares outstanding at an average price of $15.58. An exceptional result not just in our industry anywhere in the capital markets, and we believe those results will only become more impressive as we’re well positioned to continue to take advantage of this opportunity moving forward. Turning briefly to the balance sheet, our significant maturity runway and robust hedge book continue to be key components that underpin our capital allocation flexibility.
Given these two elements, combined with our low-cost position, we remain comfortable with our current leverage profile and have the luxury to … [read full earnings call transcript here]”
3. Spectrum Brands Holdings, Inc. (NYSE:SPB)
PE Ratio as of October 31: 1.74
Consumer products company Spectrum Brands Holdings, Inc. (NYSE:SPB) ranks 3rd in our list of the stocks with the lowest PE ratios.
A total of 39 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Spectrum Brands Holdings, Inc. (NYSE:SPB). The most significant stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) is owned by Amy Minella’s Cardinal Capital which owns an $102 million stake in the company.
2. Gulfport Energy Corporation (NYSE:GPOR)
PE Ratio as of October 31: 1.44
Gulfport Energy Corporation (NYSE:GPOR) recently posted Q3 results. Gulfport Energy Corporation (NYSE:GPOR) delivered total net production of 1,056.9 MMcfe per day, beating estimates. Gulfport Energy Corporation (NYSE:GPOR) also reported net income of $608.4 million and $160 million of adjusted EBITDA, surpassing analyst estimates.
Of the 910 hedge funds tracked by Insider Monkey, 29 hedge funds had stakes in Gulfport Energy Corporation (NYSE:GPOR) as of the end of the second quarter of 2023.
1. Southwestern Energy Company (NYSE:SWN)
PE Ratio as of October 31: 1.40
Yet another energy company in our list of stocks with the lowest PE ratios, Southwestern Energy Company (NYSE:SWN) shares have gained about 18% year to date through November 10.
As of the end of the second quarter of 2023, 44 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Southwestern Energy Company (NYSE:SWN). The biggest stakeholder of Southwestern Energy Company (NYSE:SWN) was D. E. Shaw who owns a $177 million stake in the company.
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