6 Low P|E Stocks That Investors Must Not Overlook We have chosen six stocks that have price-to-earnings (P|E) significantly lower than 1ox that investors must not overlook now. The reason is that low P|E stocks, especially those at extremes, often tend to have a rebound in the stock price. One metric that we looked for in this list is those that have low forward P|E multiples that are significantly lower than their 5-year historical average. These stocks tend to rebound to their mean P|E multiple. Often cyclical stocks can have very low P|E ratios. That is because the market discounts cyclical stocks like steel companies and home builders right away, even before a recession hits. Growth stocks tend to get hit later as investors are less willing to admit that growth is faltering. Non-cyclical low P|E stocks often have some temporary problem that makes them good investments over the long term. Or they could simply be in a hated industry like tobacco or gaming (somehow liquor stocks, in the “sin” category get overlooked for low P|Es). 7 Cheap Growth Stocks That Won''t Stay That Way for Long Let’s dive in and look at these stocks.