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Many stocks trade below their 5-year average PE; are they value buys?

Updated : February 20, 2019 03:41 PM IST

There are as many as 190 stocks on BSE that are trading below their historic 5-year average PE. 29 out of those 190 stocks have given positive returns in the last one year, data from AceEquity showed.
The list includes Astrazeneca Pharma, Pfizer, United Breweries, Ipca Laboratories, Dr. Reddy’s Labs, Mphasis, Kaveri Seed, HCL Technologies, 3M India, Jubilant Foodworks and Apollo Hospitals.
Many stocks trade below their 5-year average PE; are they value buys?
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