Top 5 Lowest P/E Ratios of the S&P 500

1. General Motors Company (NYSE:GM)

PE Ratio as of November 13: 3.77

General Motors Company (NYSE:GM) is one of the top stocks with the lowest PE ratios in the S&P 500 index. As of the end of the second quarter of 2023, 72 hedge funds tracked by Insider Monkey had stakes in General Motors Company (NYSE:GM). The biggest stakeholder of General Motors Company (NYSE:GM) was Ric Dillon’s Diamond Hill Capital which owns a $390 million stake in the company.

Patient Capital Opportunity Equity Strategy made the following comment about General Motors Company (NYSE:GM) in its Q2 2023 investor letter:

“We like other names mostly ignored by the market for similar reasons. Names like Expedia (EXPE), General Motors Company (NYSE:GM), and Delta Air Lines. These companies have strong returns on capital (14%+), good competitive positions, cheap valuations (all double-digit free cash flow yields), and are returning capital to shareholders. We trust the managements to take advantage of their depressed stock prices and create long-term shareholder value.”

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