Below we highlight the 25 stocks in the Nasdaq 100 with the lowest estimated P/E ratios for the current year. As shown, Flextronics (FLEX) currently has the lowest at 8.93, followed by CDNS, AMGN and LRCX. One of the more surprising valuations on the list is that of Garmin (GRMN). Garmin is the GPS-maker that was once one of the most loved stocks on the street. After hitting $123.80 at the end of October, however, the stock has collapsed and is down 53% year to date. Its current price of $45.85 gives it an estimated P/E ratio of 11.35. Right behind Garmin on the list is Steel Dynamics (STLD). Its P/E ratio is 11.58, but the stock has gone in the complete opposite direction of GRMN this year -- up 32%. With estimated P/E ratios at about the same low levels, which stock is better? The one that is up 32% year to date or the one that is down 53%?
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