Top 5 Lowest P/E Ratio Stocks of the S&P 500

2. Trimble Inc. (NASDAQ:TRMB)

Number of Hedge Fund Holders: 43

With a forward P/E of 15.11x and upside potential of 56.90%, Trimble Inc. (NASDAQ:TRMB) ranks among the top 10 lowest P/E ratio stocks of the S&P 500.

A beat-and-raise quarter gave Trimble Inc. (NASDAQ:TRMB) a strong start to 2026, though the stock’s muted reaction and a pair of analyst target cuts since have tempered the recent enthusiasm.

Trimble Inc. (NASDAQ:TRMB) reported first-quarter revenue of $939.9 million, ahead of the $905.6 million analyst estimate. Adjusted EPS came in at $0.79, beating the $0.72 consensus. The company raised its full-year 2026 revenue outlook to $3.84 billion to $3.92 billion from a prior range of $3.81 billion to $3.91 billion, and lifted its adjusted EPS guidance to $3.47 to $3.64 from $3.42 to $3.62. For the second quarter, Trimble guided revenue of $938 million to $963 million and adjusted EPS of $0.78 to $0.82.

Despite the beat, Trimble Inc. (NASDAQ:TRMB) closed 7.2% lower on the day. On May 7, 2026, Oppenheimer lowered its price target to $80 from $86 while keeping an “Outperform” rating. The firm said underlying fundamentals across the business are unchanged but flagged a lack of visibility in Field Systems in the second half of 2026 as a reason to hold space for caution.

On May 29, 2026, Barclays cut its price target on Trimble Inc. (NASDAQ:TRMB) to $79 from $103, also keeping an “Overweight” rating, as part of a broader adjustment to estimates and targets across its Industrial Tech coverage.

The stock is down over 30% year-to-date. Yet the stock retains the support of 100% of covering analysts as of June 8, 2026.

Founded in 1978 and headquartered in Westminster, Colorado, Trimble Inc. (NASDAQ:TRMB) accelerates warehouse construction using advanced spatial positioning and Building Information Modeling (BIM). Its automation software and 3D laser scanning tools improve structural design accuracy, optimize site layouts, and streamline the construction of large-scale logistics and fulfillment centers.