Lowest P/E Ratios in the Nasdaq 100

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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Comments

[WACG]

The problem with GRMN is that all of their functionalities can and will be imported into or imbedded into cell phones. Unless GRMN plans on getting into telecom they have a bleak future. Maybe they can develop some code or apps for the i-phone and forestall the inevitable.

[selene]

This chart would be even more useful if it also included trailing PEs.

[sunrises]

Hello Big:

Is there a reason for the pullback in NVDA? The valuations appears quite reasonable.

[Frankie62]

PETM looking good to me. No one ever seems to cut back on their dog's food and toys.