The following three securities could be of interest to investors, as their forward price-earnings ratios are lower than the S&P 500's historical average of 15. The projections of future earnings are based on data from Morningstar analysts.
Toyota Motor Corp
The first stock that qualifies is Toyota Motor Corp TM, a Japanese automaker.
Toyota has a forward price-earnings ratio of 10.54 (versus the industry median of 13.96), which results from Tuesday's closing price of $149.21 per share and analyst expectations for net earnings per share (EPS) of approximately $14.16 for the next full fiscal year.
The stock price has risen by nearly 13.17% over the past year for a market capitalization of $208.59 billion and a 52-week range of $108.01 to $163.37.
GuruFocus has assigned a rating of 5 out of 10 for the company's financial strength and a rating of 6 out of 10 for its profitability.
Wall Street sell-side analysts recommend an overweight median rating with an average price target of $168.53 per share for the stock.
Banco Bilbao Vizcaya Argentaria SA
The second stock that qualifies is Banco Bilbao Vizcaya Argentaria SA BBVA, a Bilbao, Spain-based bank serving private and business clients in Spain and internationally.
Banco Bilbao Vizcaya Argentaria SA has a forward price-earnings ratio of 11.15 (versus the industry median of 11.93), which derives from Tuesday's closing price of $5.53 per share and analyst expectations for EPS of approximately 49.6 cents for the next full fiscal year.
The stock price has risen by 13.32% over the past year for a market capitalization of $36.79 billion and a 52-week range of $2.49 to $5.86.
GuruFocus has assigned a rating of 3 out of 10 for the company's financial strength and a rating of 4 out of 10 for its profitability.
Wall Street sell-side analysts recommend an overweight median rating with an average price target of $5.82 per share for this stock.
Orange SA
The third stock that qualifies is Orange SA ORAN, a French telecommunications operator serving consumers, businesses, organizations and institutions in Europe, Africa and the Middle East.
Orange SA has a forward price-earnings ratio of 9.57 (versus the industry median of 19.31), which derives from Tuesday's closing price of $11.74 per share and analysts' expectations for EPS of approximately $1.23 for the next full fiscal year.
The stock price has declined by 16.26% over the past year for a market capitalization of $31.21 billion and a 52-week range of $9.93 to $14.04.
GuruFocus has assigned a rating of 5 out of 10 for the company's financial strength and a rating of 6 out of 10 for its profitability.
Wall Street sell-side analysts recommend an overweight median rating with an average price target of $16.29 per share for the stock.
Disclosure: I have no positions in any securities mentioned.
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