Picking stocks with compelling Shiller price-earnings ratios raises the likelihood to discover value opportunities, in my opinion. Thus, investors may want to consider the following stocks, as their Shiller price-earnings ratios are standing below the S&P 500 Index's historical average of 16.90 as of the writing of this article. The Shiller price-earnings ratio is calculated as the last closing share price dividend by 10-year average inflation-adjusted earnings per share.
New York Community Bancorp Inc.
The first company investors may want to consider is New York Community Bancorp Inc. (NYCB, Financial). Based in Westbury, New York, the company is a regional bank that provides banking products and services to individuals, small and medium-sized businesses and professional associations. The company does this through a network of 237 local bank branches and 340 automated teller machines located throughout Metro New York, New Jersey, Ohio, Florida and Arizona.
The company has a Shiller price-earnings ratio of 13.13, which is the result of a share price of $13.13 at close on Friday and 10-year average inflation-adjusted earnings per share of approximately $1 as of the September 2021 quarter. The industry has a median of 13.95 for the Shiller price-earnings ratio.
The share price has risen by 20.13% over the past year for a market capitalization of $6.11 billion and a 52-week range of $10.28 to $14.33.
GuruFocus has assigned a score of 2 out of 10 to the company's financial strength rating and 4 out of 10 to its profitability rating.
On Wall Street, the stock has a median recommendation rating of overweight with an average target price of $15.44 per share.
The Chemours Co
The second company investors may want to consider is The Chemours Co (CC, Financial), a Wilmington, Delaware-based global provider of performance chemicals. These products are used for whitening and brightening chemical processes, and protection in a variety of applications. The company also offers refrigerants, propellants, blowing agents and specialty solvents, in addition to polymers, advanced materials and industrial chemicals used in gold production and consumer applications. The company sells its products through direct channels, as well as through a network of resellers and distributors around the world.
The company has a Shiller price-earnings ratio of 11.66, which is the result of a share price of $36.03 at close on Friday and 10-year average inflation-adjusted earnings per share of about $3.09 as of the fiscal year ended on Dec. 30, 2020. The industry has a median of 24.99 for the Shiller price-earnings ratio.
The share price has risen by 31.83% over the past year for a market capitalization of $5.87 billion and a 52-week range of $23.3 to $38.86.
GuruFocus has assigned a rating of 4 out of 10 to the company's financial strength and 6 out of 10 to its profitability.
On Wall Street, the stock has a median recommendation rating of overweight with an average target price of $41.42 per share.
Renewable Energy Group Inc.
The third company investors may want to consider is Renewable Energy Group Inc. (REGI, Financial), an Ames, Iowa-based global manufacturer, purchaser and reseller of biomass and petroleum diesel and renewable identification numbers.
The company has a Shiller price-earnings ratio of 10.65. The ratio is the result of a share price of $45.80 at close on Friday and 10-year average inflation-adjusted earnings per share of $4.30 as of the September 2021 quarter. The industry has a median of 15.51 for the Shiller price-earnings ratio.
The share price has dropped 46.62% over the past year, determining a market capitalization of $2.30 billion and a 52-week range of $40.26 to $117.
GuruFocus has assigned a rating of 8 out of 10 to the company's financial strength and 7 out of 10 to its profitability.
On Wall Street, the stock has a median recommendation rating of overweight with an average target price of $79.86 per share.
