Top 5 Lowest P/E Ratios of the S&P 500

2. Albemarle Corporation (NYSE:ALB)

PE Ratio as of November 13: 4.15

Albemarle Corporation (NYSE:ALB) shares have lost about 63% over the past one year.

The London Company Large Cap Strategy made the following comment about Albemarle Corporation (NYSE:ALB) in its Q3 2023 investor letter:

“Albemarle Corporation (NYSE:ALB) – ALB underperformed due to declining lithium spot prices in the quarter. We remain attracted to ALB, reflecting its low cost position in two consolidated industries (lithium & bromine). However, we recognize quarterly results can be volatile, driven by short-term supply-demand dynamics for the underlying commodities. It is important to note that ALB’s favorable position on the cost curve means the company can likely maintain healthy profitability even at trough prices.”