The market’s price-to-earnings (P/E) ratio is now 26.1, which is 17.6% higher than it was at the beginning of the year. In other words, if you buy stocks now, you’re paying nearly a fifth more for those companies’ earnings than you would have nearly 12 months ago.
We want stocks that have gone up less than the market year-to-date and with P/E ratios that are below the S&P 500 average. Our shopping list should also include companies with strong financials, and especially a history of revenue—and dividend—growth.
You may be surprised to hear that there are a few such stocks are out there, even if they’re getting tougher to find.
Attached I've compiled a list of the cheapest Dividend Aristocrats by forward P/E. They might be a first step for further research.
Here are the cheapest Dividend Aristocrats....
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| 9 Cheap Dividend Aristocrats (click to enlarge) |
